4 A -THE OMAHA SUNDAY BEE: DECEMBER 26, 1920. ' Improved Laws On Securities Are Urged by Davies f Attorney General Telia of Weak Points in Present Laws Allowing Companies to Fleece Stockholders. - ) Lincoln, Dec. 25. (Special.) At torney General Clarence A. Davies in a letter to Governor McKelvie, urges that the legislature provide an adequate system for the control of securities sold m the state. In part Lis letter said: "An adequate system for the con trol of thu sale of securities is to my mind the most necessary step for our next, legislature to take, nnd there is no field of law enforce ment which is fraught with more difficulties. Praise for Bureau. "I have carefully watched the work of the present Bureau of Se curities. They ought to be very high ly complimented on the good they have accomplished. a hey have weeded out and ker-t from sale fn this " state literally millions of dollars of bad stocks and bonds. I think they rank well with the securities com missions of other states. I know they have denied dozens of com panies who have permits in other states. "The chief charge that is made a?ainst them is that they have been slow and that a great many securi ties have been sold which the bureau did not approve. The answer to both of these criticisms, I want to say on behalf of the bureau, is that their equipment is inadequate both s to money and as to size of office force. After acting as counsel to this bureau for two years, there is no ; doubt in my mind that a properly equipped securities bureau to handle the mass of corporate business in ' this state ought to. comprise at least 75 people. If blucsky legislation is to succeed, we must realize that some of these people must be high-priced employes. The state cannot afford to put its $150 a month accountants against $10,000 men of large corpora tions; the state cannot afford to rely on the ordinary system of law en forcement (sheriffs and county at torneys,) as against the high-salaried attorneys and salesmen of these cor porate enterprises. Need Follow Up. , J ; - "The change in plan which is par x ticularly vita! has to do with thf later stages of corporate manage ment. We understand that the Bu veau of Securities and the blue sky law does nothing except investigate jlhe preliminary organization of a Company, and, having determined that.it is properly organized" and that it has some reasonable chance of success, it is their duty to authpr- ' ize it to sell its stock. That is where our preSent'Xommission's powers, re sponsibilities and duties end; and yet, during tl)e last two years, practically v all of our bad corporate failures have come about by reason of corporate management long after the bureau ..had any control over the compavyr. The stock-buying public is inclined to blame the bureau. As a matter of fact, they should blame corporate management. We ought to have drastic criminal statutes dealing with corporate directors who, for instance, issue watered stock, -who declare dividends on unearned surolus. who declare dividends by the simple ex- peaient or raising tne dook value ot corporate property, who sell corpor ate property to themselves at cheap prices, or who vote to buy property from themselves at 1 scandalous figures. . J'lf the securities commission is to continue in existence, it must have some kind of a 'follow-up' procedure su inai auer giving a company tne right to sell stock it does not merely turn it loose to be robbed from the inside by its officers, as it is com t pelled to do, under our present stat utes. If the state is going to give its permission to the sale of cor porate stocks, then the state owes its citizens the obligation to keep some supervisory power over these companies." x Art Director Takes Slap t At "Ear Puffs" for Girls Worcester, Mass., Dec. 25. I i aggravate x iasnion as - gins do, who wear such huge buns of hair over their ears that - they 'resemble African savages," was the advice given to members of the Worcester Woman's club, an exclusive and fash ionable society, by James Parton Hanley, director of art in the New York high schools. v His lecture topic was: "Taste and Its Training." He defined taste as a nutter of making wise choice, not a matter of cost He hailed women as the real arbiters of fashion, style and taste. , Bold Chicken Thief Proves to Be Wildcat Boston, Doc. 25. R. D. Saunders. A., a iarmer living on the outskirts of feabody,. went gunmhg for the skunk of other animal that had been ; making away with his chickens. He ', finally found it in the form of a wild cat, stretching out four and a half feet and weighing about 50 pounds. -He lost no time "drawing," with the .result that the skin of the animal is now being prepared for the Peabody Museum in Salem. Incidentaly Mr. Saunders will receive $5 from the commonwealth, the reward offered for the slaying of the "cat." - City Must Pay for Zoo Bear Hug Aurora, 111., Dec. 25. Leo Valdo, former superintendent of the zoo here, today asked the city council to pay Dr. W. A. Worthington $15 . for giving him first aid after he had been hugged by a bear. Valdo was working in the "an imal cage when the bear embraced him. Three ribs were broken. Dr. v Worthington charged him $5 dollars each for setting the bones. Valdo thinks the bill should be naid bv the city. Iowa Gfcifyge Fraternity House Destroyed by Fire Ames, la., Deo. 25. The Delta Upsilon fraternity house here burned about 8 o'clock tonight, with a loss of about $10,000. The fire is sup possed to nave started in the furnace room from an overheatea pipe. The loss is partially covered by insur : aace. There were no casualties. ' i -. Investigation Bureau - Is Advised by Davis .N - 4 Lincoln, Dec. 25. (Special) A bureau of investigation in connec tion with the Department of Justice is advocated by Attorney" General Clarence A. Davis in a letter ad dressed to the governor, in which he says that in connection with law enforcement there should be pro fessional investigators . , ana detec tives to "carry on the work success fully. "In spiye of all that I have been able to d, I find that there are cer tain classes of law enforcement which must be closely supervised and directed by the attorney gen eral's office, namely, the blue sky law, the banking law, the insurance law, the anti-trust law and some particularly atrocious crimes of vio lence," he said, "It is impossible to enforce these laws without someone to procure evidence, to investigate conditions ana to supply material upon which to base our cases. This is not legal work. It is not the busi ness of lawyers to collect evidence in these matters. A man does not need legal training to do it and a lawyer is wasting his time when he does it. A trained investigator would oe invaiuaoie. Drainage Ditch to Be Built Near Stanton Stanton. Weh. TW 0 Telegram.) Residents of the public uramage district voted at f special election to proceed with fte ditch which,lwhen completed will do away with the floods which the eastern part of the county has been experi encing the past 20 years. Work will be started on the big ditch early next spring. The cost will mount into the thousands of dollars, but in view of the yearly crop and property damage it is esti mated that the ditch will pay for it self in 10 years. Thirty-seven attened the elec tion, each vnter havma aa msm, votes as he owned acres of land or 1 a. . TL. - . . 1. ' . - unj mis. iiic vuicson inis oasis were 1.245 for the ditch and 741 against it. Irish Terrier Dislikes Englishmen and Germans San Francisco. Tier 7$ Tnmmw an Irish terrier, is more of a Sinn Feiner than any of them. j For a dog, Tommy has strrong.na tional prejudices. And he does not hesitate to show his tiN and likes. As a citizen of the Irish re public, almost, Tommy has a distinct aversion to Englishmen. ' "I say, old top, come heah; have a bone." In response to a speech of such W English arrpnt Trimm Kn'ctloe ..n backs away and growls. But he does noi connne ms national hate to the ivngusn. tie shows -his teeth on hear ing such words as: A schane jung puppy, no? He eats' a leetle-goot cheese?" Tommy , is. perfectjy amiable toward those who address him in the English tongue as spoken by Amer icans. The dog is in the custody of Captain J. P. McKenna, of this city. - - ' Best Man at Wedding , '' Stricken Totally Blind Pawtucket, R. J., Dec. 25. Strick en suddenly blind while acting as best man at a wedding, William Al lison concealed the fact and calmly went through with his pan ot the ceremo'iv. He collapsed when it was over and was treated by eye specialists, who stated that he was totally blind and would probably not regain his sight. Allisnn W9I mrtinee ai ItAcfc m. 4m Robert Williams," who was married The ceremony vas performed at the Congdon Street Baptist church. Allison is a graduate ' of Paw tucket Hiffh srtinnt janA mc a11 known as a foot ball player. He is 24 years old. Courtship hy Mail Wins Bride for Chinese Youth , Springfield, Ma ss.,- Dec. 25. The second Chinese wedding in the his tory of Springfield was cedebrated at the Hotel Kimball when Miss Wong Loy Tai18, of San Fran cisco, Cal., became the4ride of Eng Hork Gong, wealthy restaurant proprietor. ,The ceremony was per formed bv Rev. Neil MrPhercnn pastor of the First Congregational emircn. -"I had some preliminary corre- spuuuence wun jvir. ana Mrs. Wonor." savs the hannv trmnm "ho. ginning- with' an honest statement of my nign rcgara ior inem ana tne virtues, character and standing of their honored family and ending with- my petition for the hand ot ineir iovejy aaugnter. ' Sinn Fein Propagandas Feared On Atlantic Liners London, Dec. 25. Complaints that Sinn Fein propaganda is taking place on transatlantic lines are made bv tory newspapers here. Itis charged tnat -rebel" literature is left about in the Kalnna and riintner rnntne A group of Ulstermen who fre quently visit New -York on business nave written to air ndward Carson: ' "We wish respectfully to acquaint ypu of the fact that certain ministers of the Romna Catholic church are traveling to and fro on1 the Atlantic steamers, and that although they pro fess not to be propagandists, we can assure voti that at n opportunity they take good care to ati us sucn. . Only One Superman in, University of California Berkley, Cal., Dec. 25. Only one "supermah" has been found among the students of the Univer sity of California, examined by the physical department, according jto Professor Frank Kleeberger. Pro fessor Kleeberger ascribes the falling off of perfect physical specimens to the cessation of military training. WalterTMcGinty, a sophomore in the college of mechanics, is the "su perman" at the university this year. He is not connected With any of the athletics of the institution. Eight other students registered high grades. , Fifteen electric railwiv in Tv nor land are operating a motor bus service. ADVERTISEMENT To Cur a Cold in On Day v G.r0K.,7' H?,.ATIVEi BROMO QUI NINE tab!; .The uranulne bean th Scent of Violets Leads Empress to Son's Jungle Grave " ' MMMM ' London, Dec. 25. How the ex Empress Eugenie traced her son, the prince imperial, in Zululand along a Clearance " Prices Affect Every NO RESERVES our entire stock of marvelous, at tractive Blouses go at the fol-. lowing reductions : j Emporium regular QC $5.95 Blouses ... $iVD Emporium regular $8.75 .Blouses Emporium regular $10.75 Blouses . . . Emporium regular $16.75 Blouses All xHlet-scented trail is described by Dr, Ethel Smyth in Blackwood's maga- z'ne Accompanied by Sir Evelyn Wood, the empress sought the cairn ot stones in the Zululand jungle where her son was buried, but the under growth i had so encroached on ihe spot that the guides were unable so find it. '... i " v. The princ ehadapassionfo rv i o You Will Be Surprised at the Values PRICES are cut below pre-war prices, and racks must be cleared. Without jdoubt the greatest money-saving event ever offered to the women of Omaha. Be an early Shopper. Prices are slashed, to a mere fraction, of their actual worth. -NOT A GARMENT RESERVED. Blouse $4.85 $5.95 $8.75 Astounding Dress Values Hundreds AjVill Share in -This Pre-Inventory Saleyof Dresses , AND such value surprises as you will encounter ' here Stunning Dresses for business, after- noon and evening wearf-Dresses that are typical of this store's sale superiority. . Tricolette., Paulettet, Charmeuie, Taffeta., Serge, Satim, Velour Check, Tricotine, Georgette, Jersey, Combination. v . Beautiful Embroidered and Branded Dresses in all the most favored colors. Many of the dresses involved are advance Spring creations. ,. ' . x' All Dresses worth $49.50, go in pre-inventory tfi clearance, at . . . w .OU All Dresses worth to $35.D0 go in pre-inventory dl Q Cfl' in- pre-inventory J CCA clearance, at i. pM.DJ clearance,, at .. VTrT'eO" All Dresses worth to $85.00, go v All Dresses worth to $59.50, go in pre-inventory flJ1Q Cft t in pre-inventory CJOM'CA clearance, at . . VwiOU f clearance, at . . ipOt.OU All Dresses worth to $44.50, go ia IK pre-inventory clearance, at. P0 y ! A Mighty Pre-Inventory Clearance of Coats A CLEARANCE that makes it possible for you to buy luxurious coats at the LOWEST prices ever quoted on garments of equal quality. Coats for Every Purpose. yoats in Every New Fabric and Color. $35.00 to $39.50 Plush Coats, Coats of Cloth, in all leading colors, Misses' and Women's sizes. t 1 Q Cfk Choice in the sale Monday $ li.OU $44.00 to $55.00 Plush Coats, Cloth Coats in Meltons, Velours, Kerseys and Novelties, all colors. Choice in dnn pjf the sale Monday . . . . . Pm.OU $59.50 to $69.50 Plush Coats, pioth Coats in a wonderful variety of exceptional styles. Choice in ' 4t1l Cft the sale Monday'... , P4OU j $74.50 and $84.50 Plush, Sealine, Silvertone and Velour Coats, fur trimmed. Wonderful values y q pjA in the sale, Monday, at Pt'Ov And Better Coats Priced Accordingly let scent; it sas the only toilet ac cessory of the kind he used. Sud denly the empress became aware of a strong smell of violets. "This is the way," she cr ied, and went off on a line Tf her own. Sir Evelyn Wood said she tore along like a hound on a trail, stum bling over the deadwood and tus socks, her face beaten by the higl giass that parted and closed behind - -mT 'r- ; . ! All Dresses worth to $29.50, go in pre-mventory d C AA clearance, at .. PlO"vF All Dresses worth to $75.00, go Coats in Every Style her, until, with a loud cry, she." fell upon-fier knees, crying "C'est icil" ("It is here"). And there, hidden in almost impenetrable brushwood, they found the cairul "The empress told me' (writes Dr. Smyth) "that the first hiff of per fume had been so unexpected, so overwhelming, that she thought she was going to faint But it seemed to drag her along with it: shefelt AiniiniOTLiiinice Starting Monday V i re-m Unp 'airaeeJie A-'.' Luxurious Drastically Reduced in Price THE golden opportunity to buy a Luxurious Fuc Cqat of assured'qudity at a trifling low price is made possible through this great Year-End Clearaway. $325 French Seal, 36-in. length Coat, rich lined, year-end price, Rt..... $189.50 $350 geayer Coat, 36-in. length, a wonderful (tOfifl value, at ........ PiUU $375 French "Seal Coat, squir rel trimmed, 36 inches long, a bargain, in deed, at.."T $224.50 Fur Sets and Scarfs .Off Hudion Seals, Sealine, Beaver, Blue Fox, Mink, Black Fox, Marten, Squirrel, Jap Mirik, Raccoon, Mu.krat, Marmot, Etc. Our immense displays of super quality furs are offered . ' in this unusual Clearance at reductions ranging from 25 to 60, and every reduction affords a positive, 1 gratifying saving. ' f v.- - . . - i : y a - : y Pre-Inventory Clearance of Suits ; '. Most Vitally Important Suit Announcement To Be Made by Any Omaha Store This Year ALL former values and costs have been totally disre- garded in this great determined clearaway of stun ning tailored suits. All $39.50 to $49.50 Emporium Suits in the Great Year-End Clearance bOO 7 EC starting Monday, at. . vSO. O - All $55.00 to $69.50 Emporium Suits in the Great Year-End Clearance tOQ 7C starting Monday, at CtV 4 J s . All $75.00 to $110 Emporium Suits in the Great Year-End Clearance JE flfl starting Monday, at , J"0"vJ All $125 to $150 Eniporium Suits in the Great Year-End Clearance CA ! starting Monday, at ; vO .Ov All $165 to $200 Emporium Suits in the Great Year-End Clearance dJ'TQ CA , starting Monday, at. Serges, Tricotines, Velours, Broadcloths, Silvertones, Poiret Twills, Gabardines, Suede Velours, Tinseltones severely tail ored, fur-trimmed, all colors, all sizes. no fatigue and could have fought her way through the jungle for hours." Oil to Be Piped All Way From Havre to Paris , Paris, Dec. 25. Plans for the con struction of the. pipe line to be laid from Havre to Paris for the trans port .of oil are completed and the , December -27 veetoiry d! Fur Coats $295 French Seal Coat, beauti ful I y lined, pre-inventory v S1".: $198.50 $250 Seal Coat, 36 inches long, Australian Oppossum collar and d 9Q cuffs ....... f.. My YOUR EVERY COAT IDEA CAN BE MET HERE WITH GREAT SUCCESS AND AT PRICES UNBELIEVABLY LOW. , work will be commenced in the early spring. C. E. Beattie. a Cali fornia txpert, is in charge of the work, which he'estiroates wil! bu completed about July next, permit ting the transport of oil to be started about October. The line will be a little more than 200 kilometers in length. It will bring about 250,000 liters of oil to Paris every 24 hours. 1 Sale