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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Jan. 11, 1920)
THE OMAHA- SUNDAY BEE: JANUARY 11, 1920. SENATORS ARE FIRM IN STAND FOR SMOOT BILL v Bankers Say Passage Of Measure Would Destroy Joint Stopk-Land Banks. ' By E. C. SNYDER, Washington Correspondent of Omaha Bee. -Washington, Jan. 10. (Special Telegram.) At the hearing of the Smoot bill, repealing the tax ex emption on bonds of joint stock land banks, before the senate committee , on banking and currency a group ot Nebraskans interested in institutions of this character were very much in evidence and followed the testimony for and against the hill with the keenest interest. The NebraVka men included Ex-Congressman Dan V. Stephens of Fremont, W. S. Weston, President of the Omaha Joint Stock--and bank; Don L. Love and J. L. Teeters of Lincoln, officials of the institution at the state capital. Sen ators Norn's and Hitchcock also at tended the hearing, both being mem bers of the committee. Wjthout ex ception, thj Nebraska men and other joint stock-land bankers opposed the Smoot bill, while Senators Nor n's and Hitchcock seemed to favor - the legislation. J. S. Finley of Virginia, M. A. Traylor of Chicago, Evans Woolen of Indianapolis and J. II. Allen of Des Moines, all land bank officials, presented the arguments in opposi tion to the legislation proposed. ' The Smoot bill has been favorably reported to the senate by the com mittee and there was an evident dis position to stand by that action. Some 'Sentiment was disclosed fa voring the liquidation of the joint Stock-land banks, and on collateral questions, such at a proposition to increase the amount which federal farm loan banks may loan from $10,000 to $25,000, witnesses were told they "were wasting their time," as the committee never would in crease the limit. Norria Favors Bill. ' One evidence of the fact that the committee will not recall the Smoot bill was shown by Senator ""Norn's,' who asked the first speaker, Mr. Finley, what methods he would suggest tor protecting the joint stock-land banks in case congress fiinally passed the bill. Mr. Finley said they had no suggestion, because they did not wish to go into liquida tion, and thought the committee and congress ought not to "destroy" the institutions which had been estab lished through laws hitherto enacted and asserted that the Smoot bill would destroy the joint stock-land banks. Summarizing the reasons for this belief, Mn Finley said that with the amount of loans restricted to $50,000 for joint stock-land banks by order of the. federal farm loan board, with interest restricted to 6 per cent, and the bonds made subject to taxation as proposed by the pending legisla tion, the banks cannot live. He said the highest profit' made by any bank was less than 10 per cent that the average loan was below 110.000. al though he admitted that there were many loans which were above the .S10.000 limitation imposed upon the fa'rh loan banks. He insisted that the dual form of banks served a use ful purpose, that was within the le gitimate scope of the intent of the farm loan act. Several members of the committee disputed this asser tion. Senator Hitchcock presented fig ures to show that by exempting the joint stock land banks from taxation sthe government lost $192 every year ro. taxes that otherwise would be paid oil a loan of $40,000, and asked who g6t the benefit of the loss. His own position being that the banker made it.' Mr. Finley tried to show that it was for the general good, and Sena tor. Owen, democrat, Oklahoma, as serted,, in opposition to Senator Hitchcock's view, that the tax ex emption was justifiable in farm loans because it was for the, purpose of food production, and a reduction in the cost of living. W "Must Stop Somewhere." Senator McLean pi Connecticut, chairman of the committee, reminded the: bankers thatthe pressure from all, sides for tax exemption was enormous. That proposals ,were be fore the committee for creating gov ernment building and loan associa - lions to aid home building among the poor. That congress "must stop somewhere," and said that he could : see nc reason why joint stock bonds should be exempted. In answer to this the witness quoted a remark of etie of the supreme court x justices made in the argument betore the court cn the constitutionality of the farm loan law, to the effect that "one n.iightvget to the edge of the preci pice without jumping off," and in sisted that tax exemption for the . joint stock bonds was sound and proper. -f At-the conclusion of the hearing 4 ifAvas admitted that some changes v trtight be made in the Smoot bill without, however, disturbing its main purpose to tax the bonds. Senator ' Gronna of North Dakota said he was preparing legislation to protect the tax -exemption on bonds already is ued, and several members expressed the belief that if joint stock banks were to be put out of business, fair ness demanded that those who had . money invested ought to be pro tected from loss. Further considera tion is to be given to legislation of this character. .Even y though the Smoot bill should pass the senate its approval by the house is doubtful, as the chairman of the house banking and currency committee is strongly op posed to it. Fine Arts Society Will View PaintingsJoday .' Members of the Omaha 'Society of Fine Arts are urged to be pres ent today, the " opening of the . exhibit of paintings by Brn Foster - and Gardner Symons on the third floor of the Omaha. Public library Some time between 2;and 6 p. m. No special .notices will be sent to the members fgr the exhibit,- which will continue until January . 25, wjth the - galleries open from 10 a. m. until 3 p. m. The admission is free and i the, public is cordially invited to at tend -. - Brief City News Have Root faint IC-Beacon Press Library t SHk Shade Lamps. 25 prt. redu'n. Burgess-Grander Co. Adv. Ivowden for President Buttons and literature may be. obtained at 9SS First National Bank building. John N. Baldwin, Sec'y Lowden Club. Adv. Meeting for Men Edward M. Wellman will speak Sunday after noon at S : 4 5 at a meeting for men in the Y. M. C. A. assembly room. Jobs for Ki-Soldlers One hun dred ex-service men are .wanted for highway construction work in Ari zona, It was announced at the Chamber of Commerce employment bureau. Kngineers to Meet Omaha chap ter of the American Association of Engineers, will hold its monthly meeting for members and applicants at the Chamber of Commerce Tues day evening. This is the first meet ing of the association this year. ' Charles Wooster to Speak The Omaha Philosophical society meets Sunday at 3 p. m. in the Labor tem ple. ' The principal speaker will be Charles Wooster of .Silver Creek, Neb. Subject, "Producers and Con sumers Their Mutual Interests." Dr". lice W. Edward", Chiropractor, has moved nis onices diagonally across the street from his old loca tion, and la now to be found at 306 S. Twenty-fourth street the south west corner of Twenty-fourth and Farnam streets in the Ottawa block. Adv. Royal Neighbors to Meet The triannual convention of the Douglas County camp. No. 1. Royal Neigh bors of America, will be held Janu ary 16, at the Swedish a-uditorium. The annual election of officers will be held, and an exhibition drill by the Degree Staff of Elkhom camp will be given. Ijeeture On Army TJfe H. C. Forgy, former superintendent of the Clifton Hill Presbyterian Sunday school, will lecture on his experi ences in the army, next Friday night to the congregation in the auditor ium of Vhe church. His address will be illustrated with radioptican pic tures. Merchandise by Air Mail E. H. Dalbey of the Gtll Piston Ring com pany claims toi have been the only Omahan to receive merchandise by air mail. Mr. Dalby telegraphed to Chicago for avt order of piston rings at 10 Wedensday night and received the rings In hts office at 1:37 p. m. Thursday, 48 minutes after the first air mail had arrived Vt Ak-Sar-Ben. fleld. y Annnal 0. of C. Election The an nual election of the Chamber of Commerce board of directors will be held next Wednesday. Polls will be open from 10 a. m, to 6 p. m. Sev-enty-flve new directors are to be elected. Candidates, ' nominated by a special committee, are classified according to their business. There are 13 different classifications. Bertwell On Board At the an nual meeting of the stockholders of the Cathedral Phonograph company, J. T. Bertwell was elected' a menv ber of the executive board of direc tors. Mr. Bertwell has been pur chasing agent for the Fairmont Creamery company and recently be came one of the managing directors or the Omaha Kenning company. Iiodge of Sorrow W. H. Torbet of Dubuque will deliver the annual ad dress at the memorial session of the lodge of Elks, postponed from De cember 7, on account of the fuel trouble, to be held Sunday, January 18. at the Brandeis at 10:30. The memorial committee consists of T. B. Dysert, G. A. Itenze and Dan B. Butler. ' i Fraternity Convention Here Omaha has been selected for the 1920 annual convention of the Alpha Tau Omega fraternity. This will be one of the largest contentions of the year. The date has not been set. Officers of the Omaha Alumni asso ciation of, the fraternity are R. V, McGrew, president; Fred Laird of Fremont, vice president, and Dr. Thomas I Ross, Jr., secretary and treasurer. Ad-Selling league Meet W. S. Arant, president of the Arant-Panor Shoe company and a former Omahan, will address the Advertising-Selling league at the weekly banquet Monday evening at Hotel Fontenelle. Mr. Arant's company controls stores in seven principle cities of the middle west. Associated Retailers of Omaha will also attend by special invitation and other busi ness men who are interested will be welcomed, providinr reservations are phoned to Fred 8. Larkin, the secretary. Singers Meet Officers Emll Peterson has been elected president of the Norden Singing society of Omaha for the third consecutive year. The annual meeting was held in thf Swedish auditorium and the following officers were chosen to serve with Mr. Peterson for the ensuing year: P. F. Larson,- vice president: Albin Andersen, secre tary, and Vitus Erixson, treasurer. Sam Simonson- and Fritx Nelson were elected trustees. Salvation Army Meetings Ad jutant1 Sydney I. Cooks, ,ch!ef di visional campaign secretary for Ne braska and Iowa, will conduct spe cial meetlnrS tonirht and tomorrow jinder the auspices of the Salvation Army at tne citaaei, mi j.ave(non street. Adjutant Cooks will be as sisted by Adjutant Harry B. North up of the local corps and Adjutant Ness of the Rescue and Maternity home. Music will be furnished by the Salvation Army band. Building Expert to Speak Edwin H. Brown, architect and home build ing expert, of Minneapolis, Minn., will speak at the Chamber of Com merce January 20 or 21 on the necessity of proper housing quar ters in large cities. Mr. Brown was secured by Manager Gillan -et the industrial bureau, and his speech will be the opening gun of a drive fnr ViRtfnr hmiHinc facilities ' in Omaha, which is being planned byN the chamber. Life Insurance Meeting The Con necticut Mutual Life Insurance com pany of Hartford, Conn., will hold a meeting at the Hotel Fontenelle, January 15 and 16. The meeting will be for the beneflit of general agents west of the Mississippi river, and 16 cities will be represented. H. S. Rohinson, president; Jacob H. Green, secretary; H. H. Steiner, Harry Gray and H. M. Holderness of the agency department will attend the meeting. Former Oniahan Dies Word was received here yesterday of the death of C. K. Maxwell, former Omaha business man. in Toledo, O. Mr. Maxwell died suddenly, it was said, of nephritis. He was 35 years old and for the past five years had been engaged in the real estate business in the Ohio city. He was engaged in the automobile business here prior to going to Toledo. Mr. Max well is survived by his wife., who was Miss Eva Paul of Omaha. Burial will take place in Toledo. . Hospital Staff Banquet The Sis. ters of St. Francis gave tne annual banquet to the members of St. Joseph hospital staff Thursday eve ning. There were 63 members of the staff present Father McCor mack, president of Creighton uni versity, presided. The rooms were decorated in green and white, and on each table the color scheme of white and red was carried out with bouquets of white and red carna tions. Twined back and forth across the tables were tendrils of smilax.' Ten courses were served and music was furnished by the Creighton uni versity orchestra. Three Fish Enlist In Army, But They're Just Three Brothers Three Fish, hailing from Perry, la., were enlisted yesterday at the army recruiting station for one years service in the signal corps. Carl R. Fish, Claude H. Fish and Nile A. Fish were accepted and passed the physicalvexamination, and will be sent to Camp Dodge, la. Ernest Lewis of Duluth, Minn., was also accepted for three years' service in the signal corps. He will be sent to Camp Dodge. Eddie M. Brown of Barnsville, Minn., passed the examination for the chemical warfare service and was sent to Camp Dodge. Earl R. Opperman of Minneapolis, Minn., enlisted for three years' serv ice in the signal corps, and was sent to Camp Vail, N. J. D HARP E SCHOOL I- Harps Q ' Furnished r. Pupil IM 308 Lyric Bide. Phone Douf. 8704 PHilH 9x12 HeaTj aK worsted gen uine Wilton rag. Several good pattern with today's prices $100. Bo wen's spe cial sale price $79.95 tf0 BUY BO WENS CUMAtfTKOs FUMITMEj HOWARD. STREET," BETWEEN 15th and 16th Bed Spread Wnite Marseilles Spreads, slae 78x88, with scalloped edge and cut corners. Special sale price, $2.95 Several patterns Dorcas Spread, slse80x90, scalloped edge and cut corners,. Special sale price, at $3.75 r Furhitiire of Quality There's a difference between quality furniture and that of ordinary make which you'll instant ly realize upon visiting the Greater Bowen Store. We have spent weeks scouring the market in an endeavor to present to our patrons something new in. furniture, carpets and draperies. We have succeeded, and now have ready for your selection typical Bowen values that spell economy, coupled with quality which means that at Bowen 's you get true dollar-for-dollar value. 5i Bowen Value-Giving Bedroom Furniture Mahogany Bed Room Suite, William & Mary 1 Q7 tZf period, Bed, Chiffonette,DressIng Table. . . . P I W eDU Dressing Tables, quartered oak, hand robbed d1 O E" finish, as low as Pl 0,0J Dressing Tables in Mahogany or Walnut; these are oddpieces and are priced as low as, . . Dressers, Mahogany, Queen Ann period, large size $26.50 $49.50 Dining Room Furniture -With Character "William and Mary Dining Boom Suites, quartered oak, Jacobean finish; 54 inch table, genuine Spanish leather seat chairs, 7 piece suite for $129.00 Buffet to match . above suite $69.50 $8.50 Chinacabinet, quartered oak," Jacobean finish, William and Mary AQQ OC period .... .. POOmO .Dining chairs, mahogany or walnut finish, genuine blue leather seats , Dining chairs, solid Jak, Jacobean finish genuine Spanish leather Ofi ft ft seats ...DOUU Solid oak dining tables, 42-in. top, Q C ft ft fumed or golden oak finish. . . . PMVtUU Buffets, -quartered oak, fumed or golden 'oak finish . . .... . ' $37.50 4 ' t Special Offering of RUGS 9x12 Heavy Bigelow Wilton Rugs with linen fringe. A' guaranteed rug worth $162.50, Special sale price & 1 $139.95 8-3x10-6 Genuine Wilton Rugs with out fringe, plain and all-over patterns. Regular $132.50 values. Bo-wen's spe cial sale price. $99.50 9x12 Heavy Bigelow, Hartford Ax minster Rugs. Tan ground with rose blue and gray all-over patterns. A won derful value; today's price $110.00. Bowen's special sale price. .- $84.95 9x12 Good grade Axminster Rugs, splendid living room patterns. Regular $85.00 values. Bowen's special sale Price -$62.50 9x12 A large assortment of patterns in Axminster Rugs, good wearing qual ity. Regular values $65.00 to $75.00. Your choice, special sale price -..$49.50 We offer during this sale a most wonderful assortment pf Bigelow, Hartford, Wil tons, Karadi Wiltons, Hart forrT Saxony, and several Standard Axminster Ruos, also a most complete line of Tiber and Grass Rugs. ' 9x12 Velvet and Tapestry Rugs m large assortment of patterns; some heavy velvets with fringe ends, seam less tapestries at today's values from $42.50 to $98.50. Bowen's special sale price down to, each $32.50 Grass rugs Ton will soon be wanting that new summer grass Rug. BUY IT NOW and save from 25 to 50. We will hold it for you for future delivery. IMPORTED JAPANESE GRASS RUGS 9x12 size, regular $16.50 value, special sale price ; $12.50 8x10 size, regular $12.50 value, special sale price $9.00 . 6x9 size, regular $7.25 value, special sale price $5.95 4x7 size, regular $4.75 value, special sale price $3.50 Small Rugs to match at special prices. A Special After-Inventory Sale of WHITE GOODS Consisting Of lace curtains, towels, sheets, pillow cases, bed spreads, etc., etc., at most wonderful values. Size 81x90 heavy unfilled sheets. 1 inch, hems. Spe cial sals pries, each, f:.45. 8li .73x90 same as above, each Sis. SlxSO. rood quality sheets, 1 Inch hem. Special sal. price, each Sl-SO. Size 6Sx90, Weanrell sheets, unfilled, extra good quali fy, sale price, each $1.95. Slxa 72x90. fine unfilled muslin sheets, seamed cen ter. Special sals price, each Sl.&f. Plafn white bath towels, good quality lit special prices, limited, only towels to a customer. Size 14x44, sals price. We each. Size SlxSS, sal. pries, Me each. . Size S0x3(, sale prios 2Se each. Hack Towel. Six. 10x38, extra hearX) sale price, 45c each. Sis. 18x34, extra heavy, sale price. 3S each. Size 18x3S, fancy border, sale price, 35e each. Size 18x33, fancy border, sals price, X5e each. Pillow Cam. 45x3( linen- finish eases, good quality unfilled. Spe cial sals pric 5Se each. 42x38 good qnr.llty muslta case." Special sal. price, 45c each. 4Sx36, very heavy" unfilled muslin case. Special sal. price, 60c each. Nunerous other valnes equally as good. 9 Our Lrow Cash Prices Will Help You Save Just compare the quality of our offerings, price for price, with thosd else-where-Xou' fin( savings you can make by buying here ( for CASH highly satisfying. January Clearance Sales in All Departments Offer Bjiyers Exceptional Saving Opportunities This Week Store Hours: 9 A. M. Till 6 P. M. Shop Early in the Day. THE CASH STORE Mail Orders Filled From Daily Ads and Satisfaction Guaranteed All Winter Stocks of ,Womeri?s and Misses' Outer Apparel Reduced From 25 to 50 for Quick Clearance Three Extraordinary Specials for Monday's Selling Dresses That Sold to $59 Including a broad range of clever' models in Silks, Satins, Georgette combinations and most desirable cloths, beaded, braided, embroidered and semi-tailored in most wanted colors; many dainty dancing frocks in the lot. Our Special Clearance Cash Price ... .. .., Handsome Winter Coats 175 of them in various popular cloths, Velours and Plushes. Short and long styles; in all sizes; all most attractive bargains at Our Clearance Cash Price $25.00 Fur Scarfs and Muffs Formerly Sold Up to $35. A good assortment of styles in Wolf, Fox, Seal, Coneys. Special Clearance Cash Price $17.50 Many Other Splendid Special!) on IHsplaj Over 3,000 Remnants of Fine Silks 4 Taffeta Meteors, Satins, Mescalines, Qgprgcties, Charmeuse, Crepe de Chines, Fancy Plaid and Stripe Lining Silks, in lengths from 1 to 5 yards, to close at Yi, i3 AND i2 LESS THAN REGULAR PRICES j Nearly 2,000 yards in remnants of regular $1.00 Silks will be Cfin t closed out at, per yard ' JUL t Big Savings Offered Buyers in Our January Sales of Wool Dress Fabrics Here Are Values That Will Crowd the Big Daylight Section Monday 56-Inch All Wool Plaids Your choice of all the fall plaids in stock, in various beautiful color combinations. They are worth from $5 to $b' yard. For quick clearance $2.50 50-Inch All Wool Serge Aji elegant fabric for suits and dresses, in all colors. Special cash price,vyard $2.50 40 and 44-Inch All Wool Dress Goods, such as French Serge, Taffeta and Plaids, in all colors, plenty of navy. They are worth up to $3 per yard. Special Clearing Sale price, per yard at $1.98 42-Inch Checks, in wool mixtures, in green, blue, brown and white. They have been selling regularly for $1.00 per yard. Clearing Sale price, per yard ; 50 42-Inch All Wool Epingles, are scarce everywhere else. We have them in all colors. They have been selling regularly Eor $3 yard. Clearing Sale price, per yard $2.48 Have your new Spring Skirt, Suit or Coat made to order by our expert man tailor, in all the new, up-to-date styles. We guarantee fit or money refunded. Inquire Dress Goods Dept., Main Floor. The making for a skirt. .. $3.00 Ranges & Heating Stoves Six-hole, polish tirf' RatiKc, $110 value, cash price.. $80 Six-hole, polish top Range, with reservoir, our cash Price tlOO Round Oak Heaters, nickel trimmed, $13 value, our cash Price 99 Round Oak Heaters, nickel trimmed, $22 value, cash P'ice .'.17 4-nole Cook Stove, $30value, cash price SS3 Two-hole Oil or Gas Ovens, $3.25 value, cash price, each ............1.75 Girls' and boys' Skates at HALF PRICK Thermos Kits, with Vacuum Bottle, $4 value 83.65 6-gal. galvanized Garbns" Can, $2 value, for ...gl.25 Heavy nickel Percolator, 9 cup sire. $5 value, at. 84.25 Enameled Fnlly Scale, our cash price 82.10 Brooms, $1 value, for Mon day, at 39 Buying Groceries Here Means Satisfying Reductions on Living Expenses 48-lb. sac'k best hlgh-gTade Diamond H Flour for W-I5 The best No. 1 Navj Beans, lb.. 10c The best rolled white Breakfast Oat meal, per lb 6c The beat White or Xellow Commeal. per lb v So The best domeatlc Macaroni, Spa ghetti or Egg Noodles, pkg...74i bars Beat-'Em-All or Diamond O Soap for Sunbritn Cleanser, per can 5c Largre jar pure fruit Preserves. .30c Large can Golden Pumpkin or Hom iny for UV4C Nunso Evaporated Sweet Corn, per pkg -8 No. 2 can Sweet Sugar Peas, fancy ripe Tomatoes or Sweet Sugar Corn for "'Ae No. J can Pork ind Beans for...lc Kb. I can Pork and Beans for....Se Pure Tomato Catsup or Cider Vin egar, per bottle 10c M-ot. can high-grade Baking Pow der for 'e Oil Sardines, per can 6e Kamo Assorted Soups, per can . ,i .9c Gallon can Golden Table Syrup.. 85c li -gallon can Golden Table Syrup. 4ftc Tall can Condensed Milk 15c Jello or Advo Jell, per pkg He Strictly fresh Eggs, per doxen. . . ,C5c No. 1 storage Bggs, per dozen,,.. Mle The brut t ri-Hintry butter, lb. ...68c Dried F raits and Not Specials. Fancy 3-Crown Muscatel or Seedless Raisins, per lb.... 5.V, Fancy California Peaches, lb 25c Fancy Sallfornla peeled Peaches, per lb .fftc Cleaned Currants, per lb 30c Whole Apricots, per lb 15c Choice California Bartlett Pears, per lb i5e Choice California JSvaperated Apples. per lb 30c New Pecan Nuts, per lb tie New soft-shell Almonds, per lb,. ,30c New Sicily Filberts, per lb 30c Fresh Roasted feanute, per lb. 17c Shelled Popcorn, per lb 8 l-3e Tea and Coffee Market of Omuha. Our famous Golden Santos Coffee, the talk of Omaha, per lb. . . ,,,..M H. B. C. Special Blend, per lb. .42V4o LMamond H Blend, per lb 40o M. & J. Bland, unequalled for qual ity, per lb 4.V Tlio best Tea Sittings, lb Ma Basket Fired or English Breakfast Tea, perNb 4So Fanc y Spider Leg, Japan, Sun Drledl Kngllsh Breakfast. Ceylon or GunJ powder Tea, per lb. 68c The Fruit and Vegetable Market ml Omaha. 15 lbs. best No. 1 Cooking PotatoM for Toe Freeh Southern Shalots, Beets, Car rots, Turnips or Radishes, per bunch 6 Fresh Cauliflower, per lb lte Fancy Head Lettuce lOc-lte Large Soup Bunch for Sa Old Beets. Carrots, Parsnips or Ruta bagas per lb. 3 l-3e Florida Grape Fruit Kale. Regular price 15Vc JOc $ 1-Je Sale price, each,..10c 7 Ms to It Pays-i-TRY HA YD EN'S FIRST-It Pays