Omaha daily bee. (Omaha [Neb.]) 187?-1922, September 26, 1920, Image 1

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    V--"
Sunday ,Bee
v
VOL. L NO. 15.
f.ti Scon-CUu Mitttr May 2. .1806. at
Oaalia , P. 0. Uadtr Act of March 3. 1179.
OMAHA, SUNDAY MORNING, SEPTEMBER 26, 1920.
By Mall (I year). Hilda 4tfi ZaM. Dally aatf Soaday. 19; Dally Only, $: ayaday, 14.
Outllda 4th 2eaa (I yaar). Dally Saaday. I6; Dally Oaly. SI2i Suaday Oaly. V
TEN CENTS
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Family Is
Reunited
By Tragedy
Father of Girl-Widow .Will
Fight for, Freedom of Help
meet Who Shot
t Son-in-Law.
Separate for One Year
V Mike Tierney, stone mason, hus
band of the little woman who shot
to death her son-in-law, Ray Dun
lap, 27 years old, Friday noonbe
cause she said, .she did not believe
him fit to be married to her 16-year-old
daughter, Ethel, has Abeeu re
, united by the tragedy with liis wife,
' from whom he has been separated
'to a year.
As soon as Tierney heard of the"
shooting he hurried to the famihr
home, to which he had been a
, stranger for many months, to take
care of the children. He heard that
his daughter; Ethel, . was stopping
with the family -of W. H. Downing,
switchman, at hecond. and Spring
streets, and wejit there after her
yesterday morning. ' :
Jjuniap. j icrney declared, was
responsible for his separation from
his wife. The friction started when
he barred Dunlap from his home be
cause he had led. his two elder boys,
Mike and Burt, to the 'underworld
of Omaha, he said.
- Mrs. Tierney at that time opposed
the father, lie said, an 1 ensuing
quarrels estranged the pair. ' '
Tears Fill His Eyes.
Tierney, a grizzled, sun-tanned
inan. gazed wit:i tearful eves at the
"bent frail little woman sitting in
the court room while witnesses told
of the shooting. He hovered around
timidly when his children kissed
their mother good-bye, 'his eyes be
speaking 'his deep yearning to help
her. 1 ';' " i ..
After the little woman had dis
appeared in the big automobile of
tlic county sheriff to be taken back
tc jail he swore to" Tligh heaven
tiiat he would do all in his. power
'or her, that he would Tight, fight,
light for her.
Tierney stood' looking helplessly
down the street where (he car had
pone and cried that he wanted her
"back with her children." '
Prays For Assistance.
In the meantime Tierney is at the
. home waiting,, hoping and praying
I that his little helpmeet, who did
l-er "dutv" though it takes her to
nh: shadow of the electric chair,
I will be freed so that they may be
' jrirt all over again:
The coroner's jury held . Mrs.
Tierney to the district court. Coun
tAttorney A. V. Shotwell said
an ! information charging first de
(Coatinmd an Pas Four. Col. Two.) :
Bij Crowds Coming
Do Pure Food Show
Many Outside Cities Enter
Exhibits , for Display Here
October 16 to 23.'
1 '
The pure food show to be giver) by
the Retail Grocers' association at
the Auifitorium, October 16 to 23,'is
expected to break all previous rec
ords for attendance. . v , '
Anticipation for the large at
tendance is based on the merits thai
this year's show offers." The dec
orations will be much more attrac
tive and elaborate and the display.
wili be much larger : than in past
years, many outside cities having
entered exhibits. Among those cities
will be Minneapolis, St, Paul, Chi
cpgo. St. Louis, St. Joseph and New
York. " j
The country store, which proved
such an attractive feature-last year,
will be accorded more space in the
coming show, and several other new
Jeatures will he added.-
Keys Assumes Control "
Of Airplane Company
i
Xew York, Sept. 25. Acquistion
of control of the Curtiss Airplane
and Motor corporation by C. M.
Keyes, vice president and chairman
of the financial committee of. that
company, was announced 'through
the Manufacturers Air Craft asso
ciation. . Mr. Keyes said he would
;rssume 'control of the "voting trust
and the financial and manufacturing
policies of the corporation." -
"I have bought a substantial block
of the to1ck of the Curtiss AirplaneJ
and Motor corporation," said Mr.
Keves, "for the Willvs Overland and
the J. X. Willys interests and will
take control of the voting trust.
"The control of the financial and
manufacturing policies of the corpo
ration will, of course, also come into
my hands. Mr. Glenn H. Curtiss
will continue to be head of the en
gineering division . of the corporation
aud closelyi associated with me in the
management. Changes in the boafd
of directors and officers will,, be
made at a meeting of ' thev board
scheduled for next week."
Pickpocket Suspect Admits
He Deserted Camp Grant
Frank Clark, arrested Sunday as
rn alleged pickpocket, and who con
fessed to being a deserter from, the
United Sattes army, was takeji back
to Caffip Grant by Senji. fLorin
Davis Saturday afternoon.
Suit for Inheritance Taxes. f
an Francisco, Sept. (5. Suit for
$1,700,145 inheritance taxes, interest
and penalties, alleged to be unpaid,
was filed in the United States district
court here . by the govert&nmt
against the estate of the late Benny
Miller, millionaire California cattle
man. : '
Body of Olive Thomas
fif rives in New, York .
j ' Aboard Mauretdhia
New York, Sept. ,25. The body
of Olive Thomas, motion picture
actress, who died recently in Paris
,of mercurial poison, arrived here
today on . the vsteamship Maure
tania. The funeral services will be
held next Tuesday in St. Thomas
Protestant Episcopal church,
where Miss Thomas worshipped.
Only One Mile Of
Road Is Completed
In 14 Months' Work
Failure of County 'Commis
sioners to, Usfe Brick Re
sults in Tieup of $3,-
000,000 Project.
Although 4 months have passed
since Douglas county voted to spend
$3,000,000 for paved roads, the coun
ty today has realized about one mile
of paving from the ambitious pro--ject.
.
By the time winter closes in, the
county may have five and one-third
miles of brick pavings And there is.
no immediate prospect of getting
more.
Failure of 'the county commis
i sioners to stick to their signed prom
ise to use the money for brick pav
ing is responsible for the holding up
sf the work." EarlyHast spring the
commissioners awarded contracts
for paving the Lincoln highway from
the end of the present paving to the
Dodge county line, about 17 miles.
Public Is Surprised
The people were astonished to
learn that all of this except five and
one-third riiiles was awarded for
"bitulithic" paving. Leading citi
zens went into t,he courts where aoJ
injunction was readily granted pre
venting the contractors from' laying
the composition paving. This case
is now in the supreme our't..
On the sole- contract whidh has ac
tually been kept under way, by the
$3,000,000 bond issue, most of the
five and one-third miles of concrete
has been laid and the brick surfac
ing is down for more than one mile.
' When the bond project was being
voted on the county commissioners
expected it to suffice for "120 miles
of first-class brick on Douglas coun
ty roads. . ;
Money Draws Interest.
Bids showed that the price was
about $50,000 a mile, twice what was
anticipated. Jtis said to be even
higher now. Oil the last contracts
for which bids were asked no bids
at all werayeceived.
'The federal government has ap
proved the Lincoln and Washington
highway and O-L-D road paving
projects. A large amount, of grad
ing has been done and is being done
on the Center street, Q street and
O-li-D roads.
Only $1,0(30,000 of the $3,000,000
bond, issue authorized has been is
sued so far.. County commissioners
say no interest is being lost on this.
Pending payment of contractors the
money is invested at S'i per cent
interest.
United States Trade
Balarice Shows Big
' Decrease This Year
Washington, Sept. 25. The
American trade balance'for the first
eight months of 1920 was $1,483,
000,000 compared to more than $3,
000,000,000 for the , corresponding
neriod of 1919. according to figures
made public by the Department ofl
Commerce. I hey showed its import
trade is expanding at a more rapid
pace than export trade. Imports
for the eight months of this year
exceeded those of the 12 months of
1919 by approximately $100,000,000.
Imports in 1919 established a new
high record. N
On the other hand, exports for
the eight months' period ending with
August were $2,437,171,869 less than
those irf the 12 months of 1919, and
were only $211,000,000 greater than
the exports for the first eight months
of last year. The total of exports for
the eight months was $5,483,254,121.
The total imports for the eight
months was $4,000,627,445 as com
pared with $2,261,550,440 for the
corresponding period in 1919.
War Cripples itrom Statef
j Aggie School Visit Markets
Seventy-five agricultural students
from Iowa state college of agricul
ture at Ames spent Wednesday,
Thursday and Friday visiting the
markets and factories of Omaha.
They' were under the direction of.
Prof. J. C, Cunningham. Half of
the students were warveterans, who
were disabled, and are studying ag
riculture with the assistance of gov
ernment funds. -
Two days were spent at the
Omaha stock yards, and' a trip was
made to the Iowa state experimen
tal orchard near Council Bluffs.
Police Seeking Writer
Of Card With Warning
Salt . Lake City, Sept. 25. Police
here todaywere working to appre
hend the author of the letter re
ceived by Lhiet t rolice t. if.
fBrundaire. vesterdav statiuc that
the Vermotft building would be de
stroyed. The possibility that the
letter was' written by the bandits
who robbed the Sugar bank as a
ruse to' draw reserves from the cen
tral station, has been abandoned.
,
Waives Examinationon :
' Charge of Forgng Checks
Ft. Worth, Tex.'. Sept. 25.' Ed
win 'A.( Lake, of tPueblo, Colo.,
waived preliminary examination be
fore' Vnited States Commissioner
Mitchell on a charge of being impli
cated in forging and passing Liberty
bonds: The complaints were filr;d
in' Pueblo. Mrs. Lake was arrested
yesterday at Waco by secret service
agents and released- on bonV 1
Portals of
Ak-Sar-Ben
a.
Sv
HV-l .u
Most Ambitious Season of
Samson Organization Also
Proves to Be the Most
Successful.
Begin to Think of 1921
The Ak-Sar-Ben season which
closed ' Saturday night was by far
the most successful in the 26 years'
history of the organization.
Not only was it marked by the
opening of the great Ak-Sar-Ben
exposition with thousands attending
the initial races, but the downtown
carnival had thousands more visi
tors than ever before, and this in
spite of an admission charge of 15
cents instead of the, old-time dime.
Carnival attendance wis nearly 30,
000 greater this year than last.
The Con T. Kennedy shows, con
stituting the carnival, began to fold
their tents Saturday night to "steal
away. Ihcy go from here to Kan
sas City. ' : ,
, ' All Over But Shouting.
And the season of Ak-Sa-Ben of
19J0 is all over but the shouting and
the figuring up of profits.
Whatever jiet projfits thcreare will
go right back into the enterprise to
make Ak-Sar-Ben bigger than ever
ior the joy and beneht of the in
habitants- of the ream of Ouivera
Nobody gets any monetary promts
out of Ak-Sar-Rpn. . " '
"We are delighted with this sea
son," said. Everett Buckingham
president of the Ak-Sar-Ben board
of governors, last night. ' "The ex
position opened with great success,
.the carnival entertained a record
breaking number, the -parades and
ball were eminent successes.
Weather Man Helps.
"The weather was unusually pro
pitous. With the exception of the
little suggestion of a rain during the
electrical prade, all of the big
events were blessed with lovely
weather. That had much to do with
the general success. It has been a
great year."
Ak-Sar-Ben governor and chair
man of the parade committee, Ar-
thus P. Guiou, voiced the same sen
timents and declared, besides, that
Everett Buckingham and Gus Renze
are almost the greatest men in the
world. ,
"I don't know what we'd do with
out cither of them," said he. "In
fact, all the governors are wonders.
Now. Tf the city council of Omaha
could just work in harmony and
with the Efficiency of the Ak-Sar-Ben
board of governors, "what won
ders that council could do for
Omaha! .
Biggest In History.
' "The parades were put through
with eminent satisfaction to myself
and pleasure to the multitude that
witnessed them. And Ak-Sar-Ben
has' had a marvelous year, by all
odds the biggest in its history. But
next year is going to be bigger."
Charles and Charlie, the two big
secretaries, are going (pn a two-day
vacation. So said Charlie Gardner,
secretary of Ak-Sar-Ben, concern
ing himself and Charles Trimble,
secretary of the Ak-Sar-Ben Expo
sition company.
"We've been somejousy boys for
the last few weeks," said Charlie.
"And we want to just get out in the
country somewhere and do nothing
for about two days. Then we're
coming back and get to work be
cause there s something doing all
the year round in Ak-Sar-Ben. And
the next job in sight is to clean up
the Uose ends of these big days and
then to get out the annual report."
At the "den the 40 floats, which
had their hours of glory in the two
parades,' are being dismantled. And
Gus Renze i already beginning to
think up ideas for next year's "den"
show and parades.
Price Cutting Wave
- Began in Live Stock
J. Ogden Armour Says
Chicago, Sept. 25. J. Ogden Ar
mour, president of Armour & Co.,
meat packers, today issued the fol
lowing statement:
"The price cutting movement that
has just started in the automobile,
textile and metal industries begun in
the meat industry as soon a? the war
was over and live stock today are at
lower price levels than at any time
in the last' three years.
"There 'are no immed:ate 'pros
pects for . further reductions in
wholesale prices of meat, but the
excellent corn crop now in the mak
ing promises cheaper production and
will probably make possible fur
ther'reductiorfs next year.
"Getting back to normal is high
ly desirable, but in the case of food,
the original producers have already
suffered heavy, losses and, if ade
quate production is to be , main
tained, these losses must not be aug
mented." Clearing House Reserve
Shows Gain Over Last Week
New York, Sept. 25. The actual
condition of clearing house banks
and trust companies for the week
shows that they hold $23,501,260
reserve in excess of legal require
ments. This is an increase of $4,
205,850 from last week. This in
clude first report of Equitable Trust
company.
Cooler Weather Promised
For Nebraska Coming Week
Washington, Sept. 25. Weather
predictions for the week, beginning
Monday are: " Upper Mississippi
ajid lower Missouri valleys: Fair and
much cooler- at beginning, of the
week with some probability of
frosts in north and west parts of
the district. Generally fair and cool,
thereafter. ,
1
Scene, at
s2x tt Wml D M y-M:
iKr;, r
Biy N "he . aSQasr vw .'V. - :
Heavy Rain arid
Windstorfns in
State Reported
Cloudbursts at Nacora Tie Up
Telegraph Wires Southern '
Nebraska Has Bad Storms
No Lives Lost.
A severe cloudburst was reported
from Nacora, 100 miles north of
Omaha, at 7 o'clock Saturday night,
according to .Western Union of
ficials. Wires were torn down and
much damage was done. No loss of
life was reported in the early bul
letins. High winds tore down many
wires north and south of Omaha
during the day.
A heavy wind storm struck the
south side early in the evening blow
ing over large trees and signs. Con-,
siderable damage was reported. Oth
er sections of the city were not ma
terially damaged, according to early
reports'. ' ...-..
Heavy rains' were reported from
Freniont, Lincoln and Sutton. ,-
A bad storm swept the , territory
betwech Omaha and Waverly.
The storm here was accompanied
by a sharp drop in temperature. '
Heavy Rain at Fremont
Follows Extreme Heat
Fremont, Neb., Sept. 25. (Spe
cial Telegram.) Breaking one of
the- hottest Septembers- on- record,
rain fell' in torrents here tonight,
starting, at 6 o'clock. It will not
damage i-.the- corn crop and may
prove valuable to fall' plowed and
sowed fields -
Columbus Youth Seriously T
Injured by Electric Shock
Columbus, Neb., Sept. 25. (Spe
cial Telegram). Peter Sheftic, -9,
narrowly escaped being shocked to
death here when he took hold of a'
live wire whith carried 2,200 volts.
Passersby kw the boy holding the
wire, his flesh burning, and ran to
a neighboring store for aid. A
clerk pried the boy, loose with a
stick, but he was apparently dead,
cli was taken to a nearby physician,
who gave artificial respiration. He
probably will lose use of both hands,
but will live. .
Boy Arrested for Circus
Tricks on His Bicycle
Doing circus tricks on his bicy
cle in downtown streets Saturday
afternoon, despite heavy traffic,
Bernard Convoy, 17, 1608 1 Cass
street, was arrested for disorderly
conduct. y '
21,000 Bottles of Beer !
Poured Into Chicago Sewer
Chicago, Sept. 25. Tweflty-one
thousand bottles of real beer was
poured into the Chicago river here
today by LT. S. " deputy marshals.
The beer was confiscated from a sa
loon keeper in Aueust 1919.
Omaha Belt Line, Train Wreck
Senator Harding Will Jazz Mean Trombone
During Visit Here Next Month, Legionaires Say
Senator .Warren Harding will jazz
a, mean trombone when he is in
Omaha ctober 7. . . .' . v,
-At least such is the claim of
American Legion band officials of
the Douglas county post. ,
Senator Harding is known to be
a devotee to music and somewhat
of an expert on trombone and cor
net. 0
His pet trombone is of the sliding
variety, that which oozes out those
nasty, vibrating- tones that send
creeping chills . down . the spinal
chord. .
Omaha Legion band officials have
Dinner Pail Hosts
NForce Restaurants
To Cut Their Prices
(By reversal Service.)
Chicago, , ' Sept. 25. Chicago
restaurants will revise their prices
downward in a few days. Nothing
altruistic" on their part, but the re
sult of a city-wide revival ofithe old
dinner pail.
Everyone is carrying their lunches
these days it's , a fad.. Shop girls
and business men alike have joined
the protest against gouging on food
prices.
City officials are backing the pro
test. .'.!
"They ' will 'either bring their
prices down or we will keep after
them until they do," was the ulti
matum today of Alderman Max
Adamowski, chairman of the coun
cil high cost of living committee.
"The La Salle Hotel already has
agreed to reduce its prices," Adam
owski continued. "Others, I believe,
will do the same. -As goon as we
get the wagon started down hill all
the restaurant keepers in town will
climb on." , '
And wtu'le the couTicihcommittee
does its work' everyone is carrying
their lunche9 from home. The move
ment has only beeiv on a few days,
but, backed by "the press, it is be
coming general. ' ' w V
'
American Congressmen
, At Honolulu on Way Home
Honolulu, Sept. 25. Members of
the American congressional party
returning from a; tour of the far
east,' including the Philippines,
China, Korea1 and Japan, on the
transport Mattawaska, arrived here
Friday and expected to depart Sat
urday for San Francisco. - x
rangel Takes 10,Q00
Prisoners During Week
Sevastopol, Sept. ,25. (By The
Associated Press.) General Wrang
el. commanding Russian anti-bolshevik
forc,es on the southern front, has
taken more than 10,000 prisoners in
six days, his cavalrv surrounding the
bolsheviki along a front of 100 miles.
He is now reported to be outflank
in red forces on the Dnieper river.
asked Senator Harding o join them
in at least one piece during the stop
here.
And since they have received no
"regrets" from, the senator, they are
assuming, because "silence gives
consent," he will demonstrate.
The Legion band will furnish the
music for the parade and speech of
the senator on his Omaha visit.
It also will furnish the music at
the meeting next Tuesday evening
in - the ' Auditorium when Mrs.
Corinne Roosevelt Robinson, sister
to the late Col. Theodore Roosevelt,
will . speak for the republican na
tional ticket.
Small Boy Fatally
Hurt When Heavy Box
Is Blown Over on Him
T
Meyer Oster, 3, s6n of Mr. and
Mrs. Max Oster, 16J8 North Twenty-fifth
street, lies in a critical con
dition at the Wise Memorial hospital
from a fractured skull and internal
injuries received while at play yes
terday afternoon
The small 'boy had been playing
with companions on a sand pile in
the back yard of his parent's home
when a box truck body, leaning
against the fence nearby, was blown
over : by the high wind, pinning
Meyer beneath it '
Instead of attempting to help the
boy, his comrades ran away, leav
ing Meyer underneath the body, ac
cording to police, who Were sum
moned as soon as the accident was
discovered. The tiny lad was rushed
to the hospital in the police ambh
lance. Physicians have little hope
for .his recovery, police say.
Divorce Granted to Wife
Of Son of Senator Elkins
Washington, Sept. 25. Chief Jus
tice McCoy of the district supreme
court yesterday signed the final de
cree of divorce in . favor of Mrs.
Mary Kenna "Elkins, who sued
Blaine Elkins. son of the former sen
ator from Wrest Virginia, charging
misconduct with a Washington
girl. The court held that the final
decree will not operate to dissolve
the marriage until the time- allowed
for taking an appeal in the case
has elapsed.
During the proceedings testimony
taken several months ago revealed
that "Frankie Miller," a manicurist
of this city, was the co-respondent.
The Weather
; Forecast.
Sunday fair and cooler.
Hourly Temperatures:
ft a. m.. . A ..... .11
6 a. in IS
7 a.' m..' 1
M a. m ( 18
O a. m K
1ft a. m MS
It a. ra.... 7
1 p. ni
t p. m
S p. in
. "
5 p. fen
6 p. m
...00
...91
. ..XH
...SI
...SS
...8
...81
7 p. m.....
uoen
.89 1 S p. au.
These photographs were taken but
a few moments after the Belt Line
train wreck at Thirtieth and Boyd
streets at 1 o'clock yesterday.
The upper photograjjh shows the
engine of the freight train, which
crashed into the switching train.
Engineer F. H. Baker and Fireman
L. A. Bleything escaped injuries by
leaping from the cab just before the
collision.
The lower picture shows merchan
dise scattered over the right-of-way
when one Car of the train plowed
into the warehouses of the Bowman-
Kranz 'Lumber company. v
Enginemen Jump
From Cab to Save
: Lives in Wreck
Crew Escapes Fatal Injury
When Belt Line Freight
Train Crashes Into
Switching Train,
Engineer F. H. Baker and Fire
man L. A. 'Bleything, both of Falls
City, Keb., narrowly escaped fatal
injuries yesterday noon by leaping
from their speeding extra Missouri
Pacific freight train a moment before
it crashed into a switching train at
the crossing at Thirtieth and Boyd
streets.
Both suffered painful injuries from
their leap. Their locomotive and
six freight cars were thrown from
the track by the crash.
H. Courson, 7718 North Twenty
eighth avenue, and E. H. Bogard,
3422 Cass street, crew of the switch
ing train, whose engine was push
ing the freight cars into which the
extra crashed, escaped injury. They
said they did not know jihat had
hit the train.
( , Warehouse Damaged.
One freight car was hurled, into
the warehouses of the Bowman
Kranz Lumber company, damaging
the buildings but little. Wheat and
coal were hurled 50 feet into the air
by the collision, according to E. H.
Kranz, who witnessed the accident."
Failure of the air brakes to work
is given as the cause for the crash
by Engineer Baker.
"We were rounding the curve,"
he said. "I saw a rtian at the cross
ing waving his arms. I threw on
the brakes and jumped. I 'didn't
know what was coming."
"When Baker threw on the air f
jumped, too," said Fireman Bley
thing. "I didn't know what to ex
pect." No Flagman at Crossing.
There was no flagman at the
crossing. The extra train was trav
eling east and the switching train
west August Voss, assistant yard
man at the lumber yard, was the
man who waved his arms to the ex
tra train and probably saved Baker
and Bleything from fatal injuries.
Baker suffered a wrenched knee
and lacerated hip. Bleything was
severely jarred by his leap. He may
be suffering internal injuries.
Work of clearing the tracks of the
derbis from the wreck was begun at
once and the right of way is ex
pected to be open within a few
hours.
Sentence Horse Thief at
Oshkosh to State Prison
-Oshkosh,- Neb., Sept. 25. (Spe
cial.) District Judge Hobart sent
enced Glenn Brummett to the state
penitentiary from one to 10 years
foiling his trial on a larceny charge.
Yomig Brummett, who says his
home is at Marysville, Mo., came
here a few weeks, ago to work in the
hay fields and the first of this week
departed suddenly with a horse, sad
dle, chaps and other expensive rid
ing equipment that belonged to
fellow workmen. '
Two Offer to Sell Auto
For $100, Police Nab Them
.Trying to sell ah automobile for
$100 at Forty-second and Izard
streets Saturday afternoon, Harry
B. Bradley of Corliss, Wis., and.Va
lois J. Patrick of Charles City, la.,
were arrested as suspected automo
bile thieves. Pofice say the auto
mobile they were triyng to sell was
stolen injCharlcs City this week,
Danger of
Financial
' 1
Panic Over i
Transition of Business Condi
tions to More Normal Basis ".
Proceeding Quietly, Gov f
ernor Harding Says.
Open Market Needed
s
By ARTHUR SEARS HENNING.
tliirniro Trlbunr-Omaha lire Iai(t Wire,
Washington, Sept. 25. Although
business conditions are still far from
nqjsmal, and the processes of effect-
ing an orderly and gradual deflation' v
in tli e months to come will fall for ,
a high order of statesmanship, the
danger of any disturbance akin to a '
panic has now passed.
This is the opinion of Governor
Harding of the federal reserve ,
board, with whom I discussed The
financial and commercial situation
today.
"The federal rserve system is
still confronted with conditions
more or less abnormal, but we have
passed through the period of expl
ication or intoxication which char
acterized American business activi
ties several months ago, and, not
withstanding the gloomy prediction
which were frequently made at that
time, the transition to a more nor
mal basis is proceeding quietly and
without alarming features," said
Governor Harding.
"Credit, which is requited for
seasoaal needs, is bcinggraiitcd, and
business generally is looking for
ward to a fall and winter of at least
average activity. Sentiment is being
helped by the bountiful harvests, by
the better outlook for the railroads,
and by the knowledge that many
highly essential developments which
have been long deferred by force,
of circumstances, such as enlarge
ment of our transportation facilieies
and additions to housing accommo
dations throughout the country,
must soon be undertaken.
Broad Demand Developing. -
"A broad demand, which ' will
probably extend over a period of
years, is openingvup for the products
of our basic industries, and if in
the readjustments ahead of us, any
lines of business should prove to be
overdone, there is every assurance
that any surplus of brains, and
energy now engaged in such lines
can be readily utilized in other fields
of activity."
Governor Harding said that the
crisis of last spring, due to a much P
much greater expansion of credit
than during the war, was success
fully weathered as a result of the
actions of the banks, under thn
guidance of the reserve boafi,
curtailing loans for nonessentials
and thereby diverting capital to the -production
of essentials.
"I am a firm believer," said Mr.
Harding, "in, gradual and orderly
methods of marketing our great ag
ricultural surplus. Agricultpte is the
most important of all industries, for
upon its fruits depend the lives of
those engaged in all other indus-,
tries. The farmer is a great con
sumer of manufactured products
and"&nything that affects his buying
power is soon reflected in business
of the merchant and the manufac
turer. ,
"While the individual farmer maj
be just as well off with small pro
duction and high prices, the mass of
the population is far better off withi
full production and moderate prices
Surplus Necessary.
"Great staple crops, the produce .
tion of which extends over a perioi
of several months, must meet th
reauirements of , consumption for a
full year, and, in order to prevent
possibility of shortage, it is desirable
that there be a reasonable surplus ,,
held over from one crop, pending1' ,
the marketing of the next. The
gradual and orderly marketing o(
our great staple crop is, therefore,
a matter of importance both to pro
ducers and consumers. The dump- .
ing upon the market within a short ,
period of time of a large part of a :
crop, consumption of which extends j
throughout the year, means not only j
a loss to the producers, often .to j
those who can least afford it, but in- j
volves also a great strain upon our. .
transportation facilities and upon the ;
banks, in providing funds necessary '
for large purchases in advance of i
actual requirements for consump- '
tion. i i
It is clear the volume of our
great staple crops is so large- and
the value so enormous that any effort
to valorize them by means of 'bank
credits .would inevitably result in
disaster by the operation of econom
ic law. y :
"But I think that all reasonable
assistance should be given pro-n
cucers to enable them to market
their crops in an orderly way, pro
vided they are willing to sell enough
to meet current requirements, and
that consumers should concede... to,
the farmer reasonable profits in or
der that future production may be
adequate,
"What is needed is an open mar
ket in which the law tii supply and
demand Is given free play and in
which buyer and seller may meet on
equal terms." '
' r . ', -J
Two Suspects in Train v '
Rohbery Under Arrest .
Chicago, Sept. 25. Two men wer
arrested here early today as suspect
in the robbery last night of north
bound Illinois Central train No. 2,
known as the New Orleans Limited.
Only registered mail, which officials
said might be anywhere between a
few thousands and $100,000 in value,
was taken.
One of the men answers closely
the description given of one of the
two bandits. The suspects will be
viewed by the mail clerks.
Saunders School Wins. .
, Saunders public school won the
(nnual Omaha public school relay
in connection with the V. M. C. A.
open house yesterday from a field
of 48 public schools, ,
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