f
1
V
Board of Trade
Directors Defend
Tradiiig5yfetem
Report to President -Says
Manipulation of. Prices by
Short Selling is
Impossible.
Bjr The A.nwtatrd Vren.
Cliicago, April 13. The board of
directors of the Chicago board of
trade last night submitted to Presi
dent J. P. Griffin its report of an in
vestigation he had requested con
cerning alleged trade abuses on the
board.
The report opposed elimination of
short selling, making definitions as
to the meaning of the term and de
claring that the present rules on
manipulation of the market, if en
forced, would eliminate any evils as
cribed to short selling.
It opposed limitation of trade pe
riods in futures, favored a "compe
tent and aggressive" censorship of
market news, opposed private mar
ket wires except under management
of a member of the Chicago board
of trade, into towns of less than 25,
000 population, recommended re
vision of trade customs concerning
deferred acceptance of trade con
tracts and of extension of credit to
clients whose transactions were for
ether than hedging purposes.
Admit Excess Trading.
1 he report conceded that fcfV a
period of years prior to July 1, 1920,
trading activity was, at times, in ex
cess of that warranted by trade re
quirements. It attributed some of
the -excess trading to activity by
governments during the war. but ad
mitted that "at times individuals at
tempted to follow in the wake o?
the operations of these governments"
saying this "undoubtedly resulted in
what might be termed our specula
tion." v "The belief that grain markcts'can
be manipulated downward, that short
selling can successfully and perma
nently reduce prices, is erroneous,"
the report said, 'in an open world
market, downward manipulation is
impossible with this exception: That
a short seller might throw large
quantities of sales into the market
and break prices, while the selling
.was in progress or until the prices
were disseminated throughout the
world and the world's buyers be
came aware of the values at which
the grain was being offered. Should
the short seller offer grain below
its legitimate price, the world's bny
ers would take his offerings off his 1
hands. ' .
At Mercy of Buyers.
"The short seller is always at the
mercy of the buyer or of the owner
"of the grain, for he sells something
he does not have and he must buy
that something back. If he buys back
in the open Tnarket, his purchases
would 'naturally advance prices to
the extent that , the sales had forced
declines.
If he buys the. actual grain, it
would be unreasonable Jo assunv;
that he could buy this grain below its
legitimate value.
"The short sal? is . not a transac
tion in cash grain, although even
tually it becomcaa cas. transaction,
at the maturity of the contract, and
since cash grain prices arc deter
mined by the actual supply and the
cash grain cannot be materially in
fluenced by an offer to sell short for
future delivery.
x Rules Rigidly Enforced.
"To eliminate short selling would
destroy the usefulness of the future
market for hedging purposes. Should
attempts be made to stimulate the
markets, our rules against manipula
tion would be rigidly enforced and
offenders disciplined. , :
: Realizing the great economic serv
ice which is thus performed, we can
not . consider recommendations for
restrictions which would hamper
hedging and destroy the economic
usefulness of the market."
' Private 'wires in small towns and
villages help the country shipper, but
the value is offset by evils of much
incompetent speculation encouraged
by ill advised solicitors, the report
.s;iid. '
: Short trading periods in futures
would militate against the grain
dealer or distributor who was carry
ing surplus stocks,, at the moment
unsaleable, and would be undesir
able from the standpoint of the farm
er who wished to hedge his grain,
the report continued. It said market
news censorship was essential to pre
vent false j-umors which, would af:
feet the market and said the-rules
should be amended to preclude de
ferred acceptances of contracts and
to prohibt extension of credit for
speculative purposes.
Cardinal Dougherty Is
Passenger on the Olympic
ship Olympic arrived in New Yoric
harbor "this morning bearing Cardi
nal Dennis J. Dougherty of Phila
delphia back from Rome, where he
received the red hat and all the hon
ors due a prince of the church.
Two police boats carrying six
,. xnonsignori from Philadelphia repre
sentatives of Archbishop Hayes of
New York and a reception commit
tee of 200 Fhiladelphians put out to
. , meet her. '
Woman Seeks Divorce After
30 Years of Married Life
After 30 vears of marriage. " Lil
lian M. Tobey asked the district
ourt yesterday tog rant her a di
i vorce from Frank M. Tobey on
'' ' grounds of desertion.
, The Tobey s were wedded in 1892
and have six children, the oldest 28
and the youngest 14. She charges
1hat her husband has deserted her
frequently. The last time was on
' February 12 and she is getting tired
of it, she said. She also charges that
- he has cursed her.
Spectacular Fire Damages
Shenandoah. Light Plant
- Shenadoah, la, April 13. (Spe
cial.) A spectacular fire occurred at
the Shenandoah electric light plant,
the - flames leaping high over the
buildings. the blaze was in tne
per.t-house of the elevator, which is
the dome of the boiler room.
Tl. t . , . fr'XWI
The cupola was totally destroyed
and the motor . and elevator were
ruined. The power service was
rot impaired. A short circuit is
thought to have caused the fire.
The Way They Often Manage
Miss Rlonde: I wish I could afford a new hat for the country club
Miss Brunette: Do as I do, my dear, have one sent on approval and
Alleged Bootleg Ring
Charged With Threat
To Throw Man in River
Norfolk, Neli., April 13.- (Spe
cial). What local police call the
most powerful whisky ring in jiorth
western Nebraska is declared to have
been broken up Tuesday pight when
George Gordon, recently dismissed
by the federal' authorities; George
Ncrdhouse and" Frank"Davis, were
identified by Theodore Walters as
three of the four men who knocked
him down with automatic pistols at
the front door of his home, dragged
him into a waiting automobile and
took him to the Elkhorn river,
where they threatened to drown him
unless he told them where he had
planted a 10-gallon keg full of
whisky, which the men charged him
v;ith hijacking from them. - They
were arrested.
A man named Fusscl. said to be
the fourth member of the band,, is
missing.
Husband Pays Fine
Of Repenting Wife
Mrs. Violet Strum and her hus
band arc reconciled and reunited and
back at their ' home, 622-. North
Seventeenth street."
turm received, a message from, his
wife yesterday stating she was
"stranded" in Lincoln. She "had left
home last Fridav. leaving a note for
her husband. which closed, "Goodby
forever." . .
As soon 'as Sturm heard where his
wandering wife was he took a traiu
to Lincoln.
There he found that she and Wal
ter' Bolton,, who 1 lived with, the
Sturms during the last winter, had
been arrested and fined for "dis
orderly conduct." Lincoln: police
said she and B0U09 had ' registered
as man and wife at a hotel. :'
. But .as soon -as Sturm saw . his
wife he clasped her in his arms and
kissed her. Then he paid her fine
of $15 and then they took a train for
Omaha.
Man Out of a Job Forges
Cheeks for Cash He Needs
Steve Matsios, 522 ; South Thir
teenth "streets is out of a job. So he
forged a Union Pacific check for $50
on the Elite furniture . store, 617
North Sixteenth street, where he
bought a stove for $22. Instead of
getting the cash for the balance,
Steve asked for a check for $28.
With the Elite check as a model,
Steve told police he forged the name
of the Elite store for two $50
checks.
W. A. Frohart Made Head
Of Omaha Hay Exchange
Edward A. Knapp, Nels Farsons
and Frank A. Matthews were elected
directors of the Omaha Hay Ex
change, Mondav. P. P. Murray, W.
E. Hopkins, J. C. Suttie, L. G. Fro
hart and Henry Foley were elected
arbitration committee members. The
board of directors chose W- A. Fro
hart for president, Nels Parsons,
vice president; J. C. McClure, treas
urer, and J. C Pederson, secretary.
Wife Charges Her Husband
Visited Woman in Norfolk
Charging that Fritz J. Johnson,
her husband, has become interested
in another woman, Alma A. Johnson
filed suit in district court yesterday
for a divorce. They were married in
1909 and she alleges that for the last
year he "has carried on a clandestine
correspondence with one, Lillian
Liberman, and has made trips to
Norfolk to see her." Mrs. Johnson
alleges that her husband has abused
her. "
Gives City of Harlan
$20,000 for Library
Harlan, la., April 13. (Special.)
II. H. Paup of Harlan has just given
to the city $20,000 for a public library,
$10,000 to be paid April 1, 1921, and
$10,000 April 1. 1922. The condition
of the gift is that the city shall ob
ligate itself to pay him annually 5
per cent interest on the amount dur
ing his life and to: provide a fund
of at least; $1,000 a: yeat for the sup
port and maintenance of a free public
library.
"Rash," as he is familiarly known,
is a well-known character in and
about Harlan. Several years ago he
made a trio around the world, visit
ine all the European countries and
the Philippines, being gone 18
months. He went alone and visited
the country people, the farmers and
laborers,- with a view of ascertaining
their habits of life and mode of liv
ing. Reserve Officers Urge Action
In Building Up Reserve Army
More vigorous action by tne gov
ernment' in building up the reserve
army ftas urged at a meeting of the
Reserve Officers Corps' association
in the Chamber of Commerce Tues
day night. '
Lieut. Col. II. Myers, assistant
t hief of staff 'of the Seventh army
corps, Fort Crook, in charge of the
department of military intelligence,
detailed' the functions of his depart
ment in peace and war..
.The association plans to extend its
organization all over the Seventh
army Corps area and to establish
posts in all the principal cities of
that area.
Robber Gets $10,000 Store
Of Cigarets in Daylight
Chicago, April 13. Cigarets valued
at $10,000 were stolen' from a ware
house of the United Cigars Stores
company here today. A robber dis
guised as a telegraph messenger in
duced a watchman to open a door
and then struck him down. Three
companions joined him in loading a
truck with the loot.
Atlantic Deputy Sheriff
Dies of Heart Disease
Atlantic, la., April 13 (Special.)
Deputv Sheriff Charles I. Willis
died suddenly of heart disease with
which he was attacked a few minutes
before, while at the sheriff'3 office
in the court house.
Mr. Willis was 63 years old and
a native of Bureau county, Illinois.
Omaha Auto Club to Hold
Annual Roundup Wednesday
Omaha Auto club will hold its
"annual- roundup" next Wednesday
night with a roast beef dinner and
dance at the M. E. Smith' & Co.
roof garden uditorium at 6:30 p. m.
"Rope ' the wife and bring het
along you don't have to dance
with her unless you want to there'll
be lots of other cowgirls there,
Steamships ,
Arrival.
April 15.-
New Tork,
-Frederlck VII,
Copenhagen. .,,' .
New Tork, April 12. Frederick Luck
elibach. San Francisco.
Shangahal, April 10.-Golden State, San
Francisco.
Hongkong-. Aprlt 11. Kashml Maru.
Seattle; Protesllaus. Tacoma.
Gothenburg, April S Drottlngholm, .ew
Torlc.
Neufahrwasser, April t. Gdansk, New
Tork.
New Tork, April 12. Stavangerfjord,
Chrlstianla.
Prpurf urr.
New Tork, April 10. Italy, Vigo; Megali
Hellas, Piraeus.
Havre. April t. France, New Tork.
Philadelphia, April 12. W. H. Miller.
San Francisco.
N"ew York, April 12. Rochambcau,
Havre; Acqultania, Southampton; Gaserta,
Xaylca,
THE BEE: UMAHA, THURSDAY, APRIL 14, 1921
By CHARLES DANA GIBSON.
Copyright Life Put. Co.
dance. -
return it . the next day.
Published By Arrangement with Life
reads the jazz announcements sent
the members.
The entertainment cqmmittee is
John H. tionberger, L. B. Clough,
Dr. J. B. Fickcs, L. A. Lcppke, J.
IT. Scharf, C. D. Nolen and John
G. Kuhn.
ADVERTISEMENT.
DYSPEPSIA IS
' ENEMY OF
Distressing Malady Is Most
Prevalent of All Present
Day Diseases Thousands
Are Relieved by Tanlac.
Of all the conditions that afflict
humanity, chronic dyspepsia, or what
is more commonly known as indw
gestion, is probably the most prev
alent." This most universal malady has
baffled the medical profession for
years, and the most skilled special
ists have been unable to cope with
if successfully.
Hours might be consumed in de
scribing the sufferings, mental and
physical, of the sufferers from
chronic dyspepsia and their failure
heretofore to get relief. A morbid,
unreal, whimsical and melancholy
condition of the mind, aside from the
nervousness and physical suffering,
is the usual condition of the average
Ldyspeptic.
' Dyspepsia, or indigestion, as the
case may be, is usually caused by the
eating of too much or unsuitable
fod, and the minus membrane of
the stomach becomes irritated, and
there is set up an acute or sub-acute
gastric catarrhal condition which
prevents the proper digestion of the
food. This food is apt to ferment
and decompose, and as a -result the
familiar distressing symptoms of
dyspepsia may arise. In mild cases
there is nothing more than uncom
fortable feeling in the stomach, with
a certain amount of depression, head
ache, loss of appetite, perhaps belch
ing of gas and occasional vomiting.
There may be also accompanying in
testinal symptoms, such as constipa
tion, pains in the back, colic, etc.
There may be only the familiar
heartburn due to the inflammation of
the stomach from excessive gases of
fermentation or putrefaction. In the
most severe cases those that last
over a day or two the symptoms
enumerated may be much more in
tense. The distress may be marked
and the general constitutional vmn-
toms more evident. When this stage 1
is reached the loss of appetite, the
km.
NEW AMERICAN TRANS-PAOFIC PASSENGER SERVICE
between SEATTLE and YOKOHAMA, KOBE, SHANGHAI,
HONG KONG and MANILA via th. SHORT ROUTE
Nr and palatial U.S.S.B. liners; 535 1 long; 21,000 Ion
SAILINGS .
S. S. Wenatchee, April 9
S. S. Wenatchee, June IS
Fares, nmnratieru, etc., appli any railroad or tourist agent, or
E. G. McMICKEN, P.T.M..IC5mith BUgSatttb
Pi
Fistmlffl
A mild system of
Rectal Diseases in
A cur Kuarantecd In every cast accepted for treatment, and nn money is to be paid
cared. Write for book on Recta Disease, with names and testimonials f mora
rration, no uniarnrorm. r.mmr mtm nth. mmi " '
i.uo prominent people who have been permanently cured.
PR. C K. TARRY Sanatorium. Peter Treat Blag. (Bee Bldg.) Omaha, Nek.
Governor Asks
Observance of
Arbor Day, Apr. 22
McKelvie Issues Official Proc
lamation Calling on People
Of State to Renew Dili
gence of Tree Planting.
Lincoln, Neb., April 13. Governor
S. R. McKelvie, in his Arbor day
proclamation issued today, appeals to
Nebraskans of all ages to renew the
diligence of the early settlers by
planting trees on April 22.
Governor McKelvie calls attention
to the fact that Nebraska was the
first state in the union to observe
Arbor day, and reminds the citizens
that in the early days the settlers
planted thousands of trees each year
that the territory might not seem
such an endless stretch of prairie.
School teachers of the state and
superintendents of all institutions
are urged to "present to the atten
tion of the pupils the propriety of do
ing something to encourage the
growth of timber about the home."
Official Proclamation.
The proclamation Tollows:
lrees have been regarded as
thines of bcautv in all the aires of the
past. When God made the Garden of
Eden, the first things lie planted in
it were trees. He made them that
they might be good for food and
pleasing to the eye, and when John
the Divine described the Holy City
and the River of Life, he tells us
there were trees on either side of it.
"The first settlers of the territory
of Nebraska saw an almost endless
stretch of prairie, and in order to
break the monotony, tree planting
became a necessity. The first groves
it. . -ai-
vcre starred along me Missouri
river and planting them on home
steads and farms of the west. Thus,
groves sprang up in every direction.
Many of the trees from these sprouts
furnished wood during the late coal
famine while the world war was upon
us.
"Although Arbor day had its birth
in Nebraska, it is now generally ob
served throughout the republic, even
in those states where native timber
abounds.
April 22 Named.
"The tree that you plant today, if
taken care of, will grow and flourish
as a monument to your care and in
dustry. Trees shelter man and beast
from the heat of summer and winds
of winter. The evening zephyrs that
filter through the leaves carry
health and strength to every man, to
everything that breathes. On them
birds build their nests and rear their
young, and from the topmost
branches they sing their reveilles
awaking the husbandman to his
daily toil and sends him forth with'
joy to cultivate the soil.
"It is feared by some that we are
not making as much of the day as
we should. If this be true, let. us
renew our diligence. Let everyone
who is old enough to understand the
ADVERTISEMENT.
GREATEST
MODERN MAN
mental depression, and the general
uncomfortable feeling in the stomach
are much more pronounced. This is
particularly true in acute gastritis. '
It frequently occurs from con
tinued errors in diet that this condi
tion becomes chronic, and the symp
toms persist for an indefinite period.
The appetite is very apt to be varied,
but at times very good Heartburn
is frequent, if not constant. The
stomach is painful on pressure, the
tongue is coated, there is a bad taste
in the mouth, and there are changes
in the amount of salivary secretion.
Constipation is also usually present,
although diarrhoea' may alternate.
Most cases of dyspepsia can be
cured if the diet is properly looked
after and with the proper treatment.
Proper eating, the proper amount of
food and hygienic living are the most
important features of the treatment.
Most people eat too fast and cat too
much. .
One noted authority has said that
the stomach is the fountain head of
health or disease, as the case may be.
Tanlac was designed primarily for
the regulation of the stomach, liver
and bowels, but it is no uncommon
thing for persons who have used it
to find that they have also been re
lieved of rheumatism and other ail
ments not generally recognized as
having their origin in stomach
trouble. -
' There is probably not a single por
tion of the body that is not bene
fited by the helpful acton of Tanlac,
which begins its work by stimulating
the digestive organs, thereby enrich
ing the blood and invigorating the
whole system. Next it enables the
weak, wornout stomach to thorough
ly digest the food, permitting the
assimilation of the nourishing ele
ments. Millions of people have not only
been relieved of the most obstinate
forms of dyspepsia and indigestion
by the Tanlac treatment after other
remedies had failed, but - many of
them have reported a remarkable and
rapid increase in weight and a re
turn to normal health and strength
by its use.
Tanlac is sold by the leading druggists.
ADMIRAL LINE
- Pay Whn Cured
treatment that euros Piles. Fistula an othat
short time, without a sever aura-ieal se
nature of the day plant one or more
trees. The 2'd of April is a legal
holiday and as governor I call upon
the teachers in our public schools
and institutions of the state to pre
sent to the attention of the pupils
the propriety of doing something to
encourage the growth of timber
about the home and in any spot
where the practical purposes of tree
planting may be observed.
"That there may be a more gen
eral observance of the day, I, Samuel
R. McKelvie, governor, do hereby,
in keeping with the statutes of Ne
braska, set apart and proclaim Fri
day, the 22d day of April, 1921, Ar
bor day."
Harding to Seek Release
Of Captain Kilpalrick
Washington, April 13. President
Harding promised a delegation from
Alabama, which called on him today,
to take up personally with Secretary
Hughes the case of Captain Emmett
Kilpatrick of Uniontown, Ala., who
is held prisoner by the Russian bol-sheviki.
ADVERTISEMENT.
"TIZ" FOR TIRED,
PUFFED-UP FEET
Instant relief for sore, aching,
tender, calloused feet
and corns.
You're footsickl Your feet feel
tired, puffed up, chafed, aching,
sweaty, and they need "Tiz."
"Tiz" makes feet remarkably fresh
and sore-proof. "Tiz" takes the pain
and burn right out of corns, cal
louses and bunions. "Tiz" is the
grandest foot-gladdener the world
has ever known.
Get a box of "Tir." at any drug
store and end foot torture for a
whole year. Never have tired, aching,
sweaty, smelly feet; your shoes will
fit fine and you'll only wish you had
tried "Tiz" sooner. Accept no sub
stitute. .BOWEN'S-
Furniture
from cellar to
garret
in most every home are
pieces of furniture that
could be made useful and to
look like new with little re
pair. ' There is much use in
every piece you have laid
aside. Send them to us.
When they leave
Our Repair Department
and are delivered to your
home, you will admit it
would have been most waste
ful to have discarded any
thing so good.
You'll Save Money
your home will be better
furnished and yo j will be
pleased you had the work
done by the
$lBow9n (3
OrtAMAS VAUIC (lYlNC STOftt
Howard St. Btw. 15th & 16th
Three
layers
f case
hardened steel etiset
Imbedded in
pare rubber are
bailt into every Lee
Puncture-proof tire.
A Tim'
Monster Petition for
Freedom of Debs to Be
Given Congressmen
Washington, April X A monster
petition asking general amnesty for
Eugene V. Debs, recent socialist can
didate for president, and all other
prisoners convicted under the es
pionage act during the war, will be
carried down l'cunslyvania avenue
on a truck tomorrow, followed by a
parade of 200 delegates representing
labor, political and civic organiza
tion in industrial centers. A meeting
will be held at the old Masonic hall,
and then the march to the capitol
will begin.
At the capitol the petition will be
separated into lots representing sign
ers in the various congressional dis
tricts throughout the nation anJ
these will be presented to the respec
tive congressmen separately. Among
ft s Planting Time
for Summer Tours
Get out into the Union Pacific Country this
summer. See our National Parks and highest
mountainsthe world's oldest and biggest trees,
greatest geysers, glaciers and waterfalls; rocky
headlands more stupendous than Gibraltar. You
haven't really traveled until you have visited the
Union Pacific Country the last great West.
qui "z ifa.
iXpcKir Mountain
ESTCS
Low Summer Excursion Fares Begin June 1st
Low Homtxtken' Tares, good 21 days, first and third Tuesdays of each .
month to certain points in Utah, Idaho, Montana, Oregon, and Washington.
Ask A. K. Carta, City rassenger Agent
Dnion Facute System, 1416 Dodge r-t.
Omaha, Neb. '
Union
"Another puncture!
Dad will catch us sure, he's got
LEE Puncture-proof tires on'
IF "foresight" was as keen as "hindsight", there would be
no embarrassing, distressing and costly delays on account
of punctures.
Lee Puncture-proof pneumatics are all the name implies.
In every essential of material and manufacture they are
equal to any tire you can buy. Thru this one feature
elimination of punctures they surpass all others.
If other well-made tires were puncture-proof they might
be just as good. But because this is an exclusive feature,
Lee Puncture-proof tires are by far the best for any service
where the saving of time,-labor and money is desirable.
. On cars used for business or commercial purposes this
is especially true. ,
And it needs only one or two unfortunate experiences
with punctures to convince the average car owner that it is
wisdom to be on the safe side with Lee Puncture-proof tires.
We will be glad to demonstrate.
E VERE AD Y TIRE SERVICE CO.
314 South 19th St. Omaha. Phone Doug. 3646.
the petitions from numerous locali
ties is one from Terra Haute, the
home town of Debs. It contains
more than 21,000 names of practical
ly the entire adult population of th?
town.
More than 600 co-operative socie
ties are now doing business in Finland.
Sure
Relief
6 Beumns
Hot water
Sure Relief
:E LL-ANS
FOR INDIGESTION
V"V eTVi n..t a.A
Yellowstone National
Park Geysers, mud volcanoes,
beautifully colored boiling springs rising;
from Plutonic depths, petrified forests,
gorgeously tinted canyons, roaring
waterfalls. Ask for Yellowstone book
let No. 12.
Colorado's Mountain
PlaygrOUndS-MoinUin$ thrust
ing snowy crests into a turquoise sky.
Vales floored with dashing streams and
wild flower gardens, fishing, mountain -climbing,
riding, motoring, resting.
Ask for Colorado booklet No. 15.
Rocky Mountain National
(Estes) Park-Thc finest group
ing of mountain scenery on the conti
nent. A place to stay a week or all sum
mer. Mountains more than 14,000 fee
high. Ask for booklet No. 14.
California Calls You-Hae
mountain, valley and seashore combine
their charms. The world's oldest trees,
highest waterfalls and biggest ocean.
Yosemite National Park, and mission
centuries old. Ask for booklet No. 16.
Iftah-Idaho Outings-zion
National Park, Salt Lake City with its
huge Temple and Tabernacle, Great
Salt Lake, and the mountain and lake
retreats of Idaho. Ask for folderNo.18.
Pacific Northwest and
Alaska Gxtz forests, mountains,
cities, glaciers, Columbia River and
Mt. Hood, Rainier National Park and
Puget Sound. Steamer trips to Alaska
past fjords rivaling those of Norway.
Ask for booklet No. 17. '
Pacific
m
