THE BEE: OMAHA', TUESDAY, AUGUST 3, 1920. -
U. S. TAKES HAND
IN PROBE TO GET
RICH QUICK PLAN
Securities Exchange Company,
However, Continues to Pay
Claims of Investors as
They Are Presented. .
1
Boston, Mass.. Ausr. 2. The Se
curities Exchange company, headed
by Charlesi Ponzi, whose alleged
''operations in foreign exchange are
being investigated by United States
Attorney Daniel J. Gallagher and
Attorney General J. Weston Allen
of Massachusetts, continued today
the payment of notes to those inves
tors who presented their claims. The
line of claimants awaiting attention
a: a long one.
Ponzi's prompt return of funds io
those who asked or them had the
tftict toward the end of last week of
jrrc atly diminiping the number of
i a i: 1 .
' l.uillllrtllia, UUl WttS CVIUCI1UC lu.
(by of a sudden renewal of the de
sire to cash the notes he had issued.
Ponzi issued a statement in denial
of a published article by William H.
McM asters, 1 his former publicity
agent, in which McMasters ex
preised the belief that Ponzi was
hopelessly insolvent and was paying
out money to some depositors at
the expense of others-
"I have twice as much money as
will be needed," declared Ponzi; "to
meet any obligations that may be
presented to me," and added that
McMasters never' was in a position
i to learn his employer's financial
standing or methods of operating!
his business.
a j
President of Transit,
Company Refuses Loan
Offered by Employes
Chicago Trlbnne-Omah Bee Leaned Wire.
Philadelphia, Aug. 2. Thomas
iE. Mitten, president of the Phila
delphia Rapid lransit company, in
formed the 11,000 employes of the
company, who offered to lend to the
company the entire fund of their co
operative vweltare association, that
the company could not accept the
offer.
The employes of the company bad
offered to lend not only their $500,
000 association fund, but also to
lend their future savings, which at
the present time amount to $1,000,
000 a year, to enable Mr. Mitten to
go through with his fight against
the financial interests represented
by Stolesbury, Lloyd & Packrfrd.
Mr. Mitten told the men that the
savings fund was their own; and
' that it was not to be considered in
any sense a P. R. T. fund. He was
deeply affected by the generous of
fer of the men.
REPRESENTATIVE
SAYS IRISH WILL
VOTE FOR HARDING
Congressman Mason Says Their
Only Hope Is to Defeat
Famous Article 10.
Marion, O., Aug. 2. A prediction
that Irish sympathizers will support
Harding and Coohdge was made by
Representative William E. Mason of
Illinois, one of the leaders of the
fioht iii rnncres for Irish recogni
tion, in a statement made public.
from Harding headquarters today
after he had conferred with the
nominee.
"Friends of Ireland of course
have to be for Harding," said the
statement, "because they know what
Article JQ of the league covenant
means it would hitch Ireland to
England forever and bind us to
help keep it there, and Governor
Cox has pledged himself to support
the Wilson program." v
Representative Mason predicted
the republicans would, carry Illinois
by at least 200,000 and that the re
publican national ticket would be
elected by a majority, "the most
overwhelming since Grant's."
" Senator Harding began work to
day on his . second front porch
speech, which he will deliver Wed
nesday to a delegation, of Ohio re
publicans. It will be one of two
such speeches he will make during
the week.
Gaffe County O. 0. P. Meet
Beatrice, Neb., Aug. 2. (Special.)
The Gage county republican central
committee held a meeting here Sat
urday for the purpose of accepting
the resignation of Kirk Griggs, can
didate for the legislature, who re
cently went to Hastings to engage in
the banking business,! but no action
was taken. The meeting ad
journed to August 9, at which time
Mr. Griggs' successor will be named.
Big Hungarian Force
Raids Austrian Base
Of Guns and Uniforms
Vienna, Aug. 1. A Hurfgarian
force of more than 800 armed and
unarmed men crossed the Austrian
frontier, overpowered the guards and
raided the Furstenfeld arsenal, seiz
ing 2,000. rifles, 2,000 uniforms and
21 machine guns. The raiders re
turned to Hungary with the bdoty
on motor trucks.
The governrrient has protested to
the Hungarian minister, demanding
punishment of the raiders, return of
the loot, an apology and payment of
damages. It has also communicated
the facts to the foreign mission.
It is feared that in raids of other
arsenals the raiders obtained more
than 4,000 small arms.- An official
account asserts that Hungarian and
Austrian reactionaries plotted the
raid, which , was thoroughly or
ganized.
Spokane Banker Dies of
Sleeping Sickness Attack
Spokane, Wash.r Aug. . 2.
Thomas H. Brewer, president of
the Fidelity National bank of this
city, died today of what physicians
diagnosed as sleeping sickness. He
had been ill two months.
A. I0SPE CO.
PIANOS
TTTCED AITD
BIPAIRFD
inWtitChitfutMl
lilt DoaclM St tLlmM.
i
ASK f OR aud Gtt i 1
IKIoirllScGs'o
1 - Th Original
Malted Hlllc
for Infants and Invalid
lyold ImlUttona and Substitute
New York to Open Free Clinic
To Cancer Sufferers Oct. 15
New York, Aug. 2. Free radium
treatment for sufferers from cancer
will be administered beginning
October IS, by the state institution
for the study of malignant diseases
at Buffalo, it was announce! here
today. The treatment, has been
made possible through a recent ap
propriation of $225,000 for the pur
chase of two and one-quarter grams
of the precious mineral.
"Any citizen of the United States
will be treated free of charge," said'
Dr. Harvey R. Gaylord, the director.,
"Car Shortage Has Forced
Grain Elevators to Close
.Beatrice, Neb., Aug. 2. (Special.)
There is little or no change in the
car situation in Gage county, and a
number of elevators have,, shut down
temporarily until cars can be pro-'
cured to move grain. Some of the
elevators are jammed to the roof
with new wheat of the finest qual
ity, r
. Farmers are anxious to dispose of
their grain, but as t'lere are no cars
the grain men refuse to buy it. ,
Charge Young Mother With
v Desertion of Infant Babe
Rapid City, S. D., Aug. 2. (Spe
cial.) Dora Burke, a young woman,
living: at Murdo, was arrested by
- Sheriff Cossna and brought to Rapid
City on a charge of having deserted
her infant baby, found on the steps
of the Pennington county court
house in this city recently. The clew
which led to the arrest of the girl
mother was a piece of adhesive tape
found on the child's shoulder con
taining its name.
Turkish Pact to Be Signed
Thursday, Newspapers Say
Paris, Aug. 2. The treaty of
peace between the allies and Turkey
will be signedl hursday, according
to newspapers here.
Premiers Millerand and Giolliti
' will told a meeting in Savoy this
- Week and it is expected that various
points in dispute between Italy and
Greece relative to, Asia Minor will
be adjusted soon.
Burglar Killed by Being
Blown Up In Gas Explosion
Toledo, O., Aug. .2. A man be
lieved by police to be a, burglar was
blown to pieces by the explosion of
gas in the Adam Loos Boiler factory
las? ('night The headless body was
found when the explosion was in
' vestigated. 1
Tepm lias uooa&ecora.
Trenton, Neb., Aug. 1. (Special.)
The Trenton base ball team has
played 29 games this season against
the best teams in Nebraska. Kansas
and Colorado, winning 21 of them.
The Chicago Legioneers were de
feated here Saturday, 7 to 3, and
Sunday by scores of 6 to 1 and 10
- to 0.
Slump in Grain Prices '
Beatrice. Nib.. Aug. 2. (Special.)
k -Grain prices took anothefMumble
on the local markets Saturday.
Wheat dropped from $2.25 to $2.0S
a bushel, corn from $1.25to $120
and oats from 60 cents to 50 cents.
Liberty Bonds Cashed
-- American state came-
Anno
PIERCE-
unci tig the
v v .
ARROW
Valve tracks
with double ignition and electric lights,
a 2-ton truck
a 31-ton truck
a 5-ton truck
and a tractor
These mark as notable an advance as the Worm
Gear, introduced by Pierce-Arrow in 1910,
which has become , the dominant truck drive.
The Dual Valve principle means greatly increased
power and surprising operating economy.
1 ft
AQ of the FIRST FIFTY
T0 trucks still running
after 9 years' service.
0
row
Deliver more work la a
given time.
' Loses less time on the Job
and off the job.
Costs lest to operate and
lew to maintain.
Last longer, depreciate
less, command a higher
resale price.
J
THE GREAT EXPANSION of facilities and the
efficient organization necessitated by War production
developed invaluable experience enabling us to enhance
the high quality which always has marked Pierce-Arrow;
THE PRESENT LINF retain these distinctive Pierce
Arrow characteristics durability, long life, easy operation.
It gains materially in these vitally important attributes:
Pulling Power equal to any demand
Gasoline Economy more miles per gallon
AcCeSSibility-dfor quick economical repairs
THESE ARE PRIMARY FACTORS in operation and
maintenance-rthe true test of truck economy.
J, T. STEWART MOTOR CO.
Distributors ' ' v
2048-50-52 Farnam St. Phone Douglas 138.
v
$250
Ins $50,000
Men and women everywhere, city and country, we
want you to buy oil leases in the Great HIGH ISLAND
District, Gulf Coast Oil Fields of Texas, from the Gulf
.Coast Development & Refining Company of Omaha.
Everybody buying. Our Company is a fine, produc
- ing, money-making Company. We have just struck oil
on our 10,000-acre lease in Wyoming. We are expect
ing to bring in a gusher on otu&acrejeasat
nett, Texas, most any day. Now drilling' close to the (
gusher sarids. We own 7 fine producing wells and drill
ing more at Humble Gusher Field, Texas.
We own all our own drilling rigs and equipment.
We start drilling at HIGH ISLAND as quick as our men
can rig up and spud in. These leases most valuable on
the market. Government reports describe HIGH
ISLAND Wih wonderful possibilities.
Sale just started. Over 30 per cent of entire tract
sold before we could advertise this proposition. Act on
that impulse. Get in quick. Come to our office if pos
sible and talk it over. Learn the facts. Make us prove
to you that this is the most wonderful chance for big
money from a small investment ever offered investors
in the State of Nebraska, and WE CAN DO IT.
Write or wire for your lease reservation. Get our
bulletin, hot off the press, with maps and pictures of
, great gushers of Gulf Coast Fields, most wonderful
gusher district in America. N
One 5-acre lease should make you independent.
Two should make you wealthy. Three or more should
make you rich. These leases going into big money. A
chance for every lease owner to clean up $50,000.00 on
hislmall investment of 5 acres the minute a big gusher
' is brought in., It looks like a sure shot.
Men backing this Company are "Old Time' Opera
tors." This Company has made good every promise.
Every prediction has come true. ' This Company has
- never drilled a dry hole. This is Nebraska's very own
oil Company. Fully 98 per cent of our investors arc
citizens of Nebraska. Every citizen should buyT" We
"want every citizen for our friend and booster.
j . . , j
We have been here in your state for years and are
here to stay. We have the confidence of the people,
which will put this proposition over the topinto big
money. We ask you to use your red-blooded brain
. power. Take a man's chance. !
Quick action necessary. Work with us while we
work for you. ' ,
This proposition looks like the most wonderful big.
winner that we have ever seen. This chance will never
come again. 5-acre leases, now selling for $250.00.
This price won't last. We expect the price to advance
very fast. Don't fail to get our bulletin.
Officers of Company in charge:
H. R. ELLWOOD, President
t Oil Operator of Omaha, Nebraska
X WILLIS E. REED, 1st Vice President , .
Formerly Attorney General of Nebraska, of Madison, Nebraska
W. J. GASKILL, 2nd Vice President '
Live Wire Business Man of Omaha, Nebraska
These men do big things, play the winners. We
want your order.
, .
Where once grew luscious buffalo grass, where the
red man lived in ease and plenty, today streams forth
from the hills and prairies liquid gold in such quantities
as to startle the world. - '
Texas oil fields are greater today than they were
yesterday, and smaller today than they will ever be
again. Remember to follow this advice. If you always
had a hundred or two and not much more, keep it and
you will always have not much more.
Call at the office or write or wire your reservation,
or have one of our representatives call on you to get
your order.
Our references are any and everybody in Nebraska.
Gulf Coast Development
& Refining Company
Long Distance Phone Tyler 398 1
740 First National Bank Building, Omaha, Nebraska
N
I 18th and Farnam Sts. r-Adv.
- 'I'