9 - - A. " THE BEE: OMAHA, THURSDAY, .JANUARY 22. 1920. YEAR SALES FOR ARMOURS WELL . OVER A BILLION Net Income Only $14,098,506 r r . l t Representing rteiurn oi Only 1.35 Cents on Each Dollar. Chicago, Jan. 21. Gross sales of Armour & Co. for the fiscal year ending November 1. 19l9, were $1,038,000,000, and the net income was $14,058,506, according to the an nual financial report to stockholders. This was the first year in the history of the company when the gross sales passed the $1,000,000,000 mark, the reoort said, the figure comparing with gross sales of $861,000,000 in 1918. The net income represented a re turn of 1.35 cents on each $1 of sales and of 6.74 per cent on the net cap ital investment, the statement said. Seven per cent dividends were paid on the preferred stock and the usual 2 per cent dividend on the common stock, the remainder of the profits being invested in the business. Absurdity of Charges. "Our p'ofits. while fair, consider ing the business conditions during the last year, show the utter ab surdity of the charges of agitators that there exists undue control of the live stock and meat-food mar kets, or thnt the packing business has profiteered," the statement said. "The fiscal year 1919 was one where declines, sudden and severe, rendered the principal products of our business of such jrreatly de creased value in the closing days of the vear thnt what had seemed to b profits from day to dav operation were completely wiped out and turned intu heavy losses by the shrinking in inventory values. Had it not brcn for the earnings in for eign fields nnd from subsidiaries, the "ear would have been disastrous irt Jeed.,, Assets $490,809,643. Total assets of the company were placed at $490,809,643 and the sur plus on November 1, 1919, at $80, 479,182. The statement of earnings included the profits of all foreign corporations of the company, ex cepting those in South America, which the teport said, had a pros perous year. v Attention was called to the agree ment with the government for the segregation of lines of business not re!at I to the packing industry. "This will cause some reorganiza tion of our business," the report said, "and the segregation of some phases thereof, but we do not expect it to seriously affect our principal busi ness of the opportunity to conduct our business at a reasonable profit." The statement concludes: "Ws look to the future with confidence. We believe that the sanity and good sense of the American people will take us through the trying period in which we are living today. There must be some adjustment of prices, wages, salaries and incomes as will keep the, nation in its present state of prosperity." Pan-Americans Urge Several Loans Be Made Southern Countries Washington, Jan. 21. Group com mittees of the Pan-American' finan cial congress made recommenda tions today for several loans to South American dountries by Ameri can bankers. Dr. Luis Borja of Ecuador, re ported to that group a plan for the refunding of the entire internal and external debt of Ecuador, involving $50,000,000 and the plan was ap proved. Under it enough money would be raised not only to refund the entire debt, but also to furnish a surplus for developing1 Ecuador ian transportation systems. The Nicaragua group approved a rec ommendation to American bankers to grant a $5,000,000 loan for railroad purposes within the republic, while the Bolivian delegates approved a proposal, to ask a loan of an un stated ; amount for sanitary purr poses and transportation improve anents. in addition to the $5,000,000 asked yesterday for railroads. These recommendations will be submitted to the resolutions com mittee of the congress for general consideration. Mtmm, BAKER ENDORSES IUXUW KLCUKU ..,,, .., KtUKUAiWAIIUH BILL FOR ARMY Measure Provides Compulsory Military Training and Regu lar Force of 280,000 Men and National Guard. ONNCHANGE Quoted Before War at 23 1-8 Cents Goes to Slightly Under One and Half Cents. New York, Jan. 21 Utter col lapse and demoralization overtook the foreign exchange market Wednesday resulting in new low records for British, French, Italian and various other European remit tances.. The rate for British demand bills fell to $3.60ji or 3yi cents under its previous minimum, and Paris checks, Italian lires and Belgian francs broke in corresponding or greater degree. . Dealers in exchange were again inclined to attribute the collapse to such well known and long exist ing conditions as the unfavorable trade balances against almost all the foreign centers and the failure of the United, States to ratify the peac treaty, i Due to Deflation. In other quarters where the situ ation has given rise to increased misgivings, Wednesday's slump was more directly associated with the process of "deflation" due to the stringent credit conditions demanded by the. federal reserve board. t The latest reversal in exchange is believed to bar close relation to the policy .recently inaugurated by the central bank, which aims to reduce all unnecessary credits. It and in dividuals have been holding large CUBANS REPORT TRADE BALANCE OF $200,000,000 Unparalleled Prosperity Within Island, Pan-American Financiers Told. Washington, Jan. 21. The army reorganization bill, drafted by the senate military subcommittee, was endorsed today by Secretary Baker, who appeared before the full com mittee. "This is the most statesmanlike attempt to reorganize the army ever made in any country and is an ex ceedingly able' and effective piece of legislation," he said. The measure provides for com pulsory t military training and the formation of one big army, to be divided into a citizens' reserve army, the regular army consisting of 280, 000 men, and the National Guard. Opposes Pershing as Chief. While disclaiming any "personal interest or almost none" in the matter, Secretary Baker opposed provisions which would make Gen eral Ptrshing chief of staff. These provisions would, in effect, abolish the War department as long as Gen eral Pershing was on the active list, the secretary said, adding that the president or" the secretary of war should be permitted to name the chief of staff in view of the fact that he is the military adviser and Qiv.aua.s nave oeen nommg lar8C , t, whom both depend amounts of exchange, thereby ' ty- for p out th c mHita r jntr Itn ..iftfrtlAitc turn. rT f9h I -. J J senator t relinghuysen, republican, New Jersey, suggested that the pur pose was to provide a place for General Pershing. Says Act Impolitic "We can't afford to make a mili tary autocracy in America in order to find a place for an pfficqr," the secretary said. "I think when you place a military man in a place cre ated by law and you can't replace him, you re doing something that I believe the constitution prohibits. It is impolitic and constitutionally in firm." ! ' Declaring he had discussed the matter with General Pershing, Mr. Baker said he did not think the gen eral would care to have the place. ing up enormous sums ot easn. Wednesday's liquidation and that which is expected to follow will nave the effect of turning frozen credit into liquid form. Much Speculation. Trustworthy 'reports agree that there has been much speculation in foreign exchange and drastic over hauling of this situation is deemed essential to help stabilize domestic monetary conditions. Francs, with a normal or prewar value of about 19 cents, fell to the point where it took almost 12 to purchase an American dollar, while lites on Italian exchange ordinary on a parity with French quotations, dropped to a level where almost 14 were required to equal the American dollar. No important form of exchange, not even rubles which are only nominally quoted at 4 -2vvA 3-4, against the prewar quotation of 51 l-2c, have suffered as much as the German mark. Quoted before the war at 23 l-8c the mark dwindled to slightly under 1 1-2 cents. Japanese to Withdraw Forces From Siberia With United States Tokio, Jan. 21. Japan's object in agreeing to co-operate with the United States in supporting Czecho slovak troops w Siberia has been attained and the withdrawal of Japanese troops from Siberia will follow, it was decided at a meeting ot tne advisory diplomatic council yesterday, according to newspapers here. It was asserted at the meeting, it is said, that Japan has no territorial ambitions in Siberia and that troops now being sent to that country are merely to replace losses. It was declared that fundamental policies will not be affected by this step. The council is reported to have endorsed the cabinet's decision not to interfere further in the internal affairs - of Siberia and to adhere strictly to the government's declara tion when it entered into its agree ment with America in 1918. Select Jury to Hear Evidence in Will Case New York, Jan. 21. A jury was selected before Surrogate Cohalen to hear evidence in the contest over the will of Mrs. Rosa Spang, widow of a Pittsburgh steel manufacturer, who left nearly $2,000,000, the bulk of her estate, to create a charitable institution for the care and main tenance of young girls until they be come self-supporting'. The home was to be erected on property owned by the decedent near Poughkeepsiel N. Y., and to be known as the "Rosa Spang Foundation." The will is contested by Mrs. Mabel Spang Crome of Copenhagen, Denmark, daughter of Mrs. Spang. GxeWts Contains its ownisugar In this sturdy fcodyou get a ready cooked cereal with its own sweet flavor, not from sugar added in mak- . inibiitselfkieveloped from wheat and malted barley. Save Sugar by eating GrapesNuts "Theres a Reason" -at Grocers. Made by Postum Cereal CaBattle Creek.rfic-rt. Pennsylvania to Aid Nebraska In Booming Pershing for President Lincoln, Neb., Jan. 21. (Special.) Pennsylvania will stand with Ne braska to elect General Pershing for president, according to word re ceived here today from Charles Mil ler of Franklin, Pa., a retired major general of the Pennsylvania Na tional Guard, and influential member of the republican party in that state. Mr. Miller was a delegate to the last republican convention, and helped to nominate Hughes for the republican ticket at that time. He has a wide influence among the re publicans of Pennvylvania. "I am for Pershing first, last and everytime," says Mr. Miller, in a letter to Mark Woods, chairman of the "Pershing for President" or ganization. "We need a change, not only from the present administra tion, but also we need a practical man from both military and busi ness standpoint to govern the Unit ed States, instead of the politicians that have been holding the office. I know General Pershing to be such a man." Mr. Miller is closely associated with Senator Penrose of Pennsyl vania and many other prominent republican representatives in his state and his letter was deceived here as an indication that Nebraska would receive liberal support from the Pennsylvania republicans when General Pershing's name is placed before the republican convention. Food Relief in Europe Depends Entirely on U. S. Washington, Jan. 21. Food relief in Europe can be furnished only through the United States govern ment establishing credits for Eu ropean countries to buy supplies in this country, the house ways and means committee was told today by Livingston Farrand, chairman of the American Red Cross central committee. Funds of all private re lief agencies would be "inadequate to meet the tremendous need in Poland, Austria, Hungary and elser where in Europe, he said. For immediate relief in Europe, the Red Cross plans to expend $15,- 000,000, or half of its available cash, for the year s work, Dr. Farrand' said. Red Cross reports, he added, "indicate in an increasing degree" the need of food and clothing first in Vienna and Budapest, and second, in Poland. Future Shipping .Policy Of the U. S. Is Up in Senate Washington, Jan. 21. Considera tion of legislation establishing a permanent national shipping policy was begun today by the senate com merce committee. Extensive hear ings on the measure passed by the house and on suggsetions from the shipping board and private inter ests are planned. Benjamin S. Grosscup of lacoma. Wash., urged private operation rath er than extension of federal opera tions, aud the sale to private opera tors of the smaller vessels, at least, of the government merchant fleet. Such sales, he sa.d, should be at a price which will enable the Ameri can flag to meet foreign competi tion. Federal aid to American ship builders also was urged. Senators Favor Claim Of Greece to All Thrace Washington, Jan. 21 A resolution supporting the claims of Greece to Thracian territory was reported to day lby the senate foreign relations committee as a substitute tor similar resolution by Senator King, democrat, Utah. The committee resolution pro poses declaration by the senate that all Thracean territory surrendered .to the allies by Turkey and Bulgaria be awarded to Greece, provided an outlet on the Aegean sea is given Bulgaria. i Washington, Jan. 21. Delegates .1 n r : I i to me ran-amencan nnanciai tun- gress completed today their inten sive study of particular national problems as carried on in group ses sions, with American business men acting as advisers and tonight they were the guests of Secretary and Mrs. Lansing at an official reception at fne Pan-anierican union. The, national group conferences in a number of cases adopted resolu tions directly or indirectly recom mending to American bankets the granting of loans to Stjuth Ameri can republics. Dr. Luis Borja, fi nancial minister of Equador, report ed to and obtained adoption by his, national group of a plan for the re funding of the entire internal and external debt of the country involv ing $50,000,000, and for the supply ing of a surplus to be used in rail road construction. Nicaragua Asks Loan. Nicaraguan delegates asked for a loan of $5,000,000 to complete the railroad lines now under construc tion and the Bolivian representa tives, in addition to a loan asked yesterday for railroads, suggested that further financing be attempted by United States bankers, for sani tary and .transportation improve ments within the country. The Cuban delegation reported unparalleled prosperity within the island, a favoraftle trade balance of $200,000,000 in 1919, and a national budget of expenses less than the to tal raised by taxation. The only fear expressed 'by the Cubans was the possibility of a fall in the pres ent prices of sugar and to avert that, the general congress will be asked to oppose any special grant ing of sugar bounties in Pan-amer-ican countries. Removal of restric tions on tourist travel also was ask by the Cubans. Commercial Recommendations. A number of commercial recom mendations were decided upon by the Brazilian group, including the elimination of custom taxes on com mercial travelers' samples, exten sion of parcel post, and the estab lishment of improved communica tions by wireless and cable. The Brazilians also suggested the establishment of an international training ground, for the develop ment of an aviation service between the Americans, especially utilized for parcel post purposes. The dele gates voted to request the govern ments of the United States and Bra zil to appoint a joint commission to study communication possibilities. More and larger ships were asked for by the Brazilians for the trade between the two continents. Many of the other groups touched on the transportation situation. Hitchcock Again Enlarges On College Vote Result Washington, Jan. 21. Senator Hitchcock of Nebraska, administra tion leader in the treaty fight, called the senate's attention again to re sults of the intercollegiate vote on treaty questions. He said that of the votes cast less than one-tenth were in opposition to ratification and that less than one-fifth were in favor of the Lodge reservations. The. returns, as placed by Mr. Hitchcock in the Congressional Rec ord, follow: For unqualified ratification, 48,232. Against ratification, 13,933. ' For Lodge reservations, 27,970. For compromise reservations, 61, 494. For Knox plan, 6,449. Total, 158.078. May Be That Mexicans Are Descendants of Mongolians Laredo, Tex., Jan. 21. Archeolo gists have discovered Chinese char acters carved on the pyramids at Teetehuacan, near Mixico City, and members of the Chinese legation in the Mexican capital declare the char acters identical to those formerly used in ancient Mongolian writings. This information is contained in Monday's issue of El Universal of Mexico City, which declares "this brings up the question whether Mexicans are descended from Chinese." Does anybody know what this II (oppalyead is? I'll find out tomorrow. FILIBUSTER PUTS KINK IN NAVAL AWARDS PROBE Hitchcock and Pittman -Succeed in Blocking Com mittee's Plan to Em ploy Counsel. Washington, Jan. 21. The naval decorations award controversy twice reached the senate floor today, each time bringing forfli bitter debate, while the investigating subcommit tee continued its inquiry with Maj. Gen. George Barnett, commandant of the marine corps, and Rear Ad miral A. W. Grant, wartime com mander of the first battleship force of the Atlantic fleet, as witnesses. The controversy first reached the senate when Senator Walsh, demo crat, Montana, introduced a resolu tion criticising Rear Admiral Sims tor recent testimony before the in vestigating subcommittee in which "instructions of the most confidential nature" the senator said, were laid before the world. After sharp de bate, on objection of Senator Lodge of Massachusetts, republican leader, the resolution went over. Hitchcock in Filibuster. Later the dispute bobbed up when Senator Hitchcock of Nebraska, act ing democratic leader, aided by Sen ator Pittman of Nevada, democratic member of the investigating commit tee, conducted a successful filibuster against the resolution of Senator Hale of Maine, chairman of the com mittee, to allow the commmittee to employ counsel. Chairman Hale in terrupted the debate to say that as it was evident that a filibuster was in progress he would withdraw his motion for immediate vote. Pending further action by the senate on his resolution Chairman Hale adjourned hearings of the sub committee late in the day until Fri day when Rear Admiral Austin M. Knight, head of the board, who passed on the recommendations be for their submission to Secretary Daniels, will be heard. Takes Issue With Sims. General Barnett in his testimony before the subcommittee, took issue with Admiral Sims, saying that there was no need for promulgation by Secretary Daniels of a definite policy on naval medal awards as Admiral Sims had contended. The act authorizing decorations, the ma rine corps commander held, was suf ficiently explicit to guide command ing officers in selecting men to be rewarded. . Declaring that Thomas A. Edison, contrary to popular belief, "had lit tle to do" with the perfection of submarine detecting devices durin ; the war, Rear Admiral Grant told the committee that two young of ficers on his staff, Commander C. S. McDowell and Lieutenant Com mander Miles Libbey, were largely responsible for the successful de velopment of the apparatus. The admiral said that he recommended both officers for navy crosses but that they did not receive the awards. She's Coming Sunday the million candle-power human lamp of happiness Mary Pickford In the great, glad play "P0LLYANNA" and EVERYW0MAN in Omaha Should Buy Shoes Now Our Great 2d Semi-Annual Sale Is Now in Progress Come Early Get the Pick of the Assortment. Prices Lower, Than Present Wholesale Cost SATIN PUMPS $5.00 value, t for i $1.45 GIRLS' SHOES Wide range of tylet $1.95 LADIES' SHOES All styles and colors, wonderful values $3.95 Oi All Shoes in Our Regular Lines Reduced from $3.00 to $4.50 per pair SHOE MARKET "Omtkt'i Popular Priced Shoe Store" 320 So. 16th St. Conant Hotel Bldg. No Chergei No Discounts No Delivery DEMOCRATS AT BANQUET CHEER. STATE LEADERS Names ' of Hitchcock and Bryan Applauded at Get Together Dinner. Lincoln, Neb., Jan. 21. (Special.) Harmony in exceeding big chunks was on tap in the get-together ban quet put on by the democrats of the state at the Lincoln hotel tonight. Over 200 sat down to the tables and every mention of the names of Senator Hitchcock and W. J. Bryan brought out prolonged and vocifer ous applause. - . Former Congressman Dan Steph ens was introduced by the master of ceremonies, C. E. Harmon, as toast master. In his address Mr. Stevens walloped -the republican party in old fashioned style while he praised the democratic party as the unadulter ated savior of the nation. Other speakers were former Gov ernors Keith Neville aid J. H. More head. George W. Berg of Lincoln, Speaker George Jackson, W. J. Tay lor of Custer, J. H. Norton of Polk, and several others. Thompson-Belden Employes Form Benefit Association Employes of Thompson-Belden & Co. entertained at' a dance in the Metropolitan hall Tuesday night. It was the first of a series of affairs to be given, during the year, provided for by the Christmas gift of the firm. Organization of a mutual wel fare association was announced, dues of which are to - benefit em ployes in time of illness. Davis Heads Engineers. New York, Jan. 21 Arthur P. Da vis of Washington was elected pres ident of the American Society of Civil Engineers. The next meeting will be held at Houston, Texas, in October. If You Want to Hear All Be Early at McCormack It is announced by the local man agement for the John McCormack concert at the Auditorium Friday tvenint? that the recital will begin promptly at 8:30. It is also stated that those not seated when the concert begins will not be admitted to the arena until after the singing of the first group, and they will be forced to miss that part of the program. Friday night's audience will be one of the largest ever gathered in the big Auditorium, and it will be impossible for all to be seated in a few minutes. ' Millard Man to Face Charge Of Cruelty to Animals Friday Hans Sick of Millard, was ar rested on a charge of cruelty to animals, preferred by Humane Offi cer Charles E. Mctlain. Mr Mc Clain and Town Marshal William Boyer of Millard, brought Mr. Sick to the county court where Judge Crawford released him under $50 bond to appear next Friday. It is charged that Mr. Sick left his cattle without food for several days. Negro Is Found Guilty of Killing His Sweetheart Lon Carter was found guilty of manslaughter by a jury in District Judge Sears' court yesterday after noon. The jury was out three hours. Carter was found early the morn ing of October 9, 1919, moaning af fectionately beside the dead body of Mrs. Ollie Thompson in a potato patch at Thirty-second and Emmet streets. He declared she had shot herself. The revolver found ait the scene belonged to Carter. Both are negroes. Triplane Beaches Saloniki. Rome, Jan. 21. The Caproni tri plane, which left here Sunday in the attempted flight to Tokio under aus pices of the Italian government, ar rived at Saloniki Monday, accord ing to advices received here. Burglars' Cache With Loot Valued at Over $2,000 Is Locatec Fourteen new automobile tires tc gether with a cache of guns, w atcher shotgun shells, hardware, knives n a new saddle, totalling a value o: $2,000, were unearthed in an empty building at Fortieth street and Bed ford avenue yesterday by a squad of detectives. The stuff was taken to Central police station and is being sorted in an effort to learn the rightful owners. The frame building in which the plunder was found had been occu pied until a month ago by a brother-in-law of Fred Brown, ex-convict, who is awaiting trial in district court for the alleged thefts of two auto mobiles which were recovered a week ago in a garage at Brown's home not far from the empty store building. The former occupant ot the structure is now in California, detectives say. The windows and doors of th' place were boarded. A suit case con taining two leather price books which had been stolen from Charles Betts, salesman for McCord-Brady wholesale grocers, was also found in the rear of the place. George Brandeis Is Chosen President Athletic Club George Brandeis Tuesday was chosen president of the Omaha Ath letic club for the ensuing year. Mr. Brandeis succeeds W. A. Eraser to the office. Mr. Eraser was elected to sit on the board of directors. W R. T. Belt was selected vice presi dent instead of F. W. Judson, whose official connection with the club ha been severed. John C Wharton was re-elected secretary. 18 Die In Wreck Copenhagen, Jan. i. Eighteen passengers were killed and 20 in jured in a railway collision outside of Schneidemuhl, Prussia, last night. THOMPSON-BELDEN & COMPANY D.M.C.Cottons For Needleworkers The quality of these threads, which are made in Alsace-Lorraine, Bel gium and in Paris, makes them sought after by every woman who embroi ders or crochets. The time and skill put into hand work is worthy of mate rials that are of known wearing qualities. For crocheting w h i t e mercerized cotton is to be had in numbers 5 to 150. For embroidering em broidery cottons ill num bers 6 to '35, small skeins of cotton in white only, and number 5 cotton in a wide range of colors. Lessons in embroidery are given without charge when materials are purchased ' here. There are Royal Society and other stamped pieces, a splendid variety to choose from. 10 to 12 f nd 2 to 5 daily. Art Dept Second Floor Likable Hosiery Lisle Silk Lisle fi New fashioned lisle hose in gray, taupe, brown and cordovan. Double tops for garter protection and double soles to insure long wear 75c a pair. ' r Full fashioned silk lisle f.ose with garter tops and double soles. In African brown, cordovan and gray $1.25 a pair. Hand Embroidered Handkerchiefs A new initialed handker chief has just arrived of pure linen with an initial embroidered by hand. Madeira and French em broidered 'kerchiefs are wonderfully fine for 60c and up to $1 each. Exquisite ones from Spain are to be had for 60c to SI. 25 each. The January Disposal of Ready- to- Wear Apparel Makes for Economies Consider that every garment was made especially for Thompson-Belden & Com pany and so measures up to the highest standards of tailoring. The designs are distinctive the fabrics of the best. There is no criticism to be found with any of this apparel. PARTICULARLY the PRICES which are lower than even the most inferior grades ordinarily cost. Linens and Bedspreads Bought at January Prices afford Noticeable Savings Wednesday these reductions on ,very fine Irish- linen cloths with napkins to match. Beautiful round floral patterns. $25 table cloths (2x2 yards), $20. . $30 table cloths (2x212 yards), $25. $35 table cloths (2x3 yards), $30. $25 napkins (22-inch), $20 a dozen. $30 napkins (25-inch), $25 a dozen. Buy Bedspreads at These Prices $4.75 hemmed and cro cheted spreads, $4.28. $3.50 Ripplette spreads, Thursday for $2.89. $4 Ripplettes, $3.38. ., $5 Ripplettes, $3.98. $10 satin Marseilles bed spreads, single bed size, for $7.50. 60c ribbed Turkish tow els for 45c-- $1.25 guest towels, fig ured linen, $1. 75c heavy bleached Turkish towels, 65c. 45c heavy crash (part linen), 35c a yard. 75c heavy Irish linen crash, 65c a yard. $2 imported damask, Thursday, $1.75 a yard. At the Creeping Stage A small boy or girl needs a number of dainty romp ers two a day most prob ably. . And their attrac tiveness must be quailed by their wearing qualities, else the frequent tubbings will make them faded and worn. Newest and finest are the Patsy rompers of cham bray gingham, blue, or pink. The trousers, buttoned to the waist in Oliver Twist style, are cut with a pointed flare on each side and closely fitted bands at the knee, trimmings are of white, and sleeves either long or short. You'll find this style quite the daintiest that was ever designed for rompers. Sizes two, three and four years. prices, $2.25 for short sleeved and $2.35 for long sleeved rompers. Creeping rompers of plain blue chambray gingham are long sleeved and come in one and two year old sizes,1 for 90c and $1. , 1 There is a splendid selec tion of other styles, white and colored, for one and two-year olds, priced from $1.25 and $1.65 on up. Second Floor