The Omaha Sunday Bee
VOL. 5I-NO. 33.
I .MM a. tMMt-CLM Utn Un H. INS,
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OMAHA, SUNDAY MORNING, MARCH 5, 1922.
It Kill l rw'ii htii Mi . im ' .
' SM l Mt "! Mm, I'll , M.
HVK CENTS
American
Ships Face
Scrap Heap
I!jert Declares Federal Aid
Necessary or .Merchant Ma
rinc Will lie Swept
From Sen.
Aids in Putting
New Town on Map
Daughter of State Sheriff and
Hauler Huthand Leaden
J in Promoting Lymau.
i
Tin's It Mm. Martha Haber, one of
the newest citiienettes of Nibra-ka's
newest town, Lyman, Neb. This
town given a name and place
X i
7
4
r
V
Says Europe's Costs Low
By GRAFTON WILCOX.
Omaha llro lasH Mir.
Wellington, March 4. "Untcsi
lubstan'jal aid by subvention or
otherwise is given to American ship
ping, our ships will be swept from
the sea and the immense fleet c
constructed during and after the
world war might just as well be
aciapprd with our battleship pro
cram of 1916. and our eoiUDetitors
placed in undl.-puted possession of
our foreign commerce.
This was the declaration here to
day of George K. Chamberlain,
member of the United 'States ship
ping board and former senator from
Oregon, in an address before the
convention of the National Merchant
Marine association.
"The proposition," he continued in
concluding a thorough discussion oi
America's merchant marine position,
"resolves itself to a very simple one
and that is:
"An American merchant marine
with aid, or 'surrender to foreign
flags without aid.'"
Mr. Chamberlain, whose speech
followed within a few days Presi
dent Harding's message to congress
urging government subsidies ,to up
build the national merchant marine,
declared that the future could only
be judged by the past.
Aid Has Upbuilded Fleet.
"Where governmental aid has
heretofore been given," he, said, "or
proper restrictions placed upon the
carriage of our commerce in for
eign, bottoms, it has resulted in the
upbuilding of an American mer
chant fleet, but where that aid has
not been given or where restric
tions have been removed, -foreign
ships have oustripped us iu the
world's business.
"There are many reasons for this,
but the essential ones are the high
t cost of ship construction due to
higher wages paid to American la
borers in American shipyards, the
higher cost of operation of Amer
ican ships due to higher wages paid
to, and more liberal treatment of
American seamen, better equipment
for health and safety at sea, and it
these standards are to be maintained
v w either aid must be given to Ameri
can shipping or the differential now
existing in favor of foreign ships
will plal our people and our ships
at a greatVnd insuperable disadvan
tage in the Commerce of the world.
"About this. Were can be no ques
tion in the mindNrf anyone who will
give the subject t that careful study
which is essential to a complete
understanding of the situation.
"Abandonment Is Disloyalty." v
Commissioner Chamberlain had
the subject of an American merchant
marine very much at heart and went
' so far as to declare after submitting
details of America's shipping situa
tion, that any citizen who becomes
party to propaganda for abandon
ment of American merchant marine
(Turn to TK Two. Column Three.)
Pillar of Fire Wins in
$118,000 Damage Suit
Rev. A. L. Wolfran, a presiding
etder and treasurer of the Pillar of
Fire, visited in Omaha last week to
tell of the victory won by the
church in a $118,000 damage suit
'brought against the Pillar of tire
and Bishop Alma White.
"The decision of Judge C. J. Mor
ley, who ordered the case thrown
out of court was a distinct vindica
tion of the Pillar of Fire," said Kev.
Mr. Wolfran, . ' '
The bit? damage suit was brought
by the Rev.. T. A. Goode, who ac
cused the church and Bishop White
of alienating his wife!s affections.
Judge Morlcy ruled that Goode after
a hearing of four days had failed
utterly to sustain his charges and
directed a verdict for the defendants.
"It is another example of how the
Pillar of Fire emerges successfully
from false attacks." commented Rev.
Mr Wolfran. "In some places these
attacks have caused us to be misun
derstood, but wherever our work ts
known they injure us none.
Rev Mr Woltran, who is on h'S
wav home' to Zarephath, N. J., vis
ited at the Omaha missionary head
quarters 702 South Twenty-mnth
street.
7s I
Cash Value
of Out-State
Checks Cut
Paper Written on "Nou-Par"
Hanks to Be Treated as
Collections in
Omaha.
u
rr:nA V Matliew9 to
W maiu . .
Be Sentenced Monday
Willard V. Mathews, former presi
dent of the now defunct : Pioneer
State bank, win DC sui""u
day. District Judge Leslie said yes
He inquired of Sheriff Clark yes
terday what time the morning tram
Loes to Lincoln. The sheriff told the
judge he would have to hold
MathewsJiere for several days.
Mathews pleaded gu'lty,.FebIy
20 to a charge of embe2zhng $200,
000 of the bank funds. He said that
he was only technically guilty and
that his plea would help others. The
penalty provided by law is one to 1U
years. ' "
Hughes Sails for Home.
Hamilton, Bermuda, March 4.
(By A. P.) Charles Evans Hughes.
American secretary of state, and
Mrs. Hughes, sailed today for New
York on the steamship Fort Ham
ilton. They are due to arrive m
New York on Monday and will go
immtdiatc'y to Washington,
f
It
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t " , '-'V ' - '
I Mas Martha Haboz 7l
Responsible
embers of the
on the map recently by the state rail
way commission after the Union
Pacific opened a spur from Ilaig to
Lyman, which eventually will run to
Medicine Lodge.
With the town went a banker,
John R. Haber, a West Point (Neb.)
man. Mr. and Mrs. Haber are tak
ing an active part in pushing com
munity projects forr the new town
and building a community house
there. Mrs. Haber is a daughter of
State Sheriff and Mrs.-Gus Hyers of
Lincoln.
Two Additional
Wreck Victims Die
Death List in Painesville Cross
ing Crash Increases to 15
Bus Driver Blamed.
Cleveland. March 4. The death list
in the crash at Painesville, O., last
tii(r!it Kptwrcn a "New York' Central
express train and an automobile bus
mounted to 15 late today, when Airs.
Martin Steinbeck of Fairport, who
sustained a fractured skull in the
collision, died in the Painesville hos
pital.
Of the four remaining injured, one
is expected to die.
George E. McGhee of Medina, wko
died at the Painesville hospital this
morning from a fractured skull, was
the 14th victim.
At Coroner M. H. Bradley's in
quest this afternoon to "fix the re-
nnticttiilitv fnr th tratrpdv." A. W.
Barnes.- New York Central railroad
watchman at the crossing, testihea
Vi mntnr bus wmt on the tracks
oblivious to the signal of a white
lantern warning swung directly in
its path for a full minute by him.
Rornpa tpctifipd that bff S3W the
train's headlight when it was fully
four miles away, lie saw me dus
inminir An-ain thf strPpt atlOllt tWO
minutes before the crash, he said.
In his opinion, iiarnes testuiea, tne
train was going almost 40 miles an
hour at the time.
. The blame' for "the collision was
laid by New York Central officials,
rn AnArpw Adams, driver of the
bus. Adams will probably recover,
... . TT- ...
hospital pnystcians said, xiis neaa
wan ViaHlv hurt hut a snnnosed frac
ture of the skull did not develop, they
saici. .
Mexican Stabbed 5
in Bunkhouse Fight
Stabbed three times in the- body
and arm, an unidentified Mexican
laborer lies near death in the Uni
versity hospital following a fight In
a railroad bunkhouse at Forty-ninth
and Mayberry avenue early Satur
day night.
Police and detectives are combing
the neighborhood, prowling over the
network of railroad tracks, freight
cas, muddy ditches and ravines, In
an attempt to locate the assailant.
The attacker, ?..id to be Vincent
Luna, stabbtd the Mexican twice
over hc heart, and once in, the arm
The victim, .whose name is said to
be Joe, crawled to the yard of L.
Paulson, 964 South Forty-eighth
street, where his groans attracted
the attention of E. V. Masteman,
972 South Forty-eighth street, who
was passing. Masteman summoned
poiice, who removed the Mexican to
the hcpital.
Rosewater to Ask State
Solons to Aid Exposition
Philadelphia, March 4. Victor
Rosewater of Omaha, appointed di
rector Of publicity yesterday for the
proposed Sessui centennial exposi
tion to be held here in 1926, plans to
conduct a whirlwind ' campaign
among the state legislatures of the
nation next winter, he said today.
By the time they meet, he said, he
hoped they would be ready to give
substantial assistance to Philadel
phia's celebration of the 150th anni
versary of the signing of the Declara
tion of Independence. -
New York Financier Dies.
Miami, Fla., March 4. Otis H.
Cuttler, chairman of the -board of
directors of the American' Brake
Shoe and Foundry company and
identified with several of the J. P.
Morgan interests, died suddenly here
today aboard the yacht Seramic,
V
. 1 ,, ,. ., ,
.i ,j to nanoie as casn, cnecKi
..uten on some 200 out-state banks.
beginning March 15.
The decision to take tlm action
was reached only after much con
sideration by clearing house officials,
bankers said yesterday. It will
save Omaha banks thousands of dol
lars monthly, it is declared..
Heretofore, Omaha banks have
been crediting checks on out-state
banks at face value when deposited,
although it was often four and five
days before they received the pro
ceeds of the checks, bankers ex
plained. Heavy Losses.
Officials of two large Omaha
banks said yesterday their banks
lost $2,000 a month and sometimes
more because of exchange deductions
made by out-state banks on these
checks.
Under the new arrangement,
checks on "non par points" in Ne
braskaon banks which deduct ex
change charges-r-will be entered for
collection. When the collection pro
cess is completed the banks will
credit the endorser with the net pro
ceeds of the check.
The new system probably will re
duce greatly the number of out-state
non-par points, Omaha bankers say.
No similar action ever has been
taken by the clearing house associa
tion, it was said yesterday.
"Non-Par" Basks Listed.
A list of "non par" Nebraska banks
has been made, and is being mailed
to- clearing house banks by the
Omaha Clearing House association.
It reads:
"Inasmuch as we cannot handle
checks on these banks at oar. we
will not take them as cash on and
after March 15, 1922, but will handle
them as collections, with the under
standing that they are to be sent
direct to a bank in the town on
which they are drawn, and net pro
ceeds credited to the endorser when
payment has been realized.
"The attached list is subject to
change as the banks thereon may
conclude to remit at par." ... . --,
Man May Die From
Husband's Bullet
Divorced Man Accused
Shooting Ex-Wife's
Employer.
of
Tolm Dow. 3908 V street, is in St.
Joseph hospital with a bullet wound
through his left side under the heart
and into the stomach.
Emil Mario. 3910 V street, is in
South Side jail, charged with the
shooting.
Dow cannot recover, pnysicians
say.
Mrs. Mario, divorced wife of
Mario, was housekeeper for Dow.
The three met at lrnrty-nintn anu
S streets at 6 yesterday morning.
According to Mario, Dow drew a
gun and chased him. He turned and
fired two shots at Dow, he said.
Mario claims Dow threatened him
Friday morning '
Four Held on Charge
of Defrauding Vets
Atlanta, Ga., March 4. Details of
an nllfo-pd rnnsnirarv bv which dis
abled world war veterans have been
defrauded, by theft of compensation
checks from the veterans Dureau
between $6,000 and
$10,000. became known today when
federal omcials were notinea oi ine
arrest of John O. Locke, at Cincin
nati. .
Three other men also have been
taken into custody in connection
with the alleged conspiracy, it was
stated. Their names were given as
Gerald E. Norris,, former clerk in
tVia finanro Hpnartmpnt of the vet
erans' bureau here; Aubrey Guffin,
also employed at the veterans Du
reau, and William L. Wood, jr., all
of Atlanta.
Firemen Injured in Truck Crash
John Fisher, driver, who suffered m
bruises about head and face.
1!
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tf-:.'--' , k
Fire truck No. 19, which crashed into a building at Twenty-fourth and Q streets and was wrecked, caus
ing injuries to three firemen.
tt - -
Captain William Hyland, who was
badly injured.
James Anglin, who may have suf
fered internal injuries.. , ..
1 IhiiUfci uf"
Lv
Louis Riha who, foreseeing the
crash, jumped and escaped uninjured.
WHERE TO FIND
The Big Features of
THE SUNDAY BEE
PART ONE.
Fknen, Indian Fighter and
World War !d IJe in
Nebraska National Ceme
tery Page i."
"Conference Preeldent,' Title
AppUed to Hording Page (.
' PART TWO.
Socletr and N'ewe for Women
V . Page 1 to 4
Shopping with Polly Page .
"The Calvert" Bine Ribbon
short story by d. J. Bell Page S.
"The Married Life of Helen
and Warren' Page 6.
"The Wanted Man," first In
stallment of new aerial by
Harris Dickson - Page . -
'Balldlng The Irish Free
State," by Frederick Pal
mer Page ?.
Editorial Comment Page 8.
Amusements Pages t, IS and It.
Mnsle News . Page 11.
Pee the Children Page IS.
PART THREE.
Sports News and Features
Pages 1 and t.
AatomobDo News Pages 4 and B.
Want Ads Page, t, IS and It.
Markets and riaaaelaj Pace IS.
Newberry Case Again
Bobs Up Before Senate
Washington, March ' 4. Another
partisan debate over the right of
Senator Newberry!, republican, Mich
igan, to a seat in the senate, a ques
tion decided early in January, took
place in 4the senate again late to
day. . At the conclusion, Senator
Caraway, democrat, Arkansas, an
nounced that on Monday he would
introduce a resolution calling for an
investigation of charges made several
weeks ago by Senator Poindexter,
republican, Washington, that influ
ences had been brought to bear to
force senators to vote against! the
seating of Mr. Newberry, even
though their conviction was that he
should retain the seat.
The decision was precipitated bv
Mr. Caraway, who sought to answer
a letter put into the record three
weeks ago by Mr. Poindexter, in
which the charges of malign influ
ences were made.
Nova Scotia Facing Strike
of 12,000 Coal Miners
Sydney, N. S., March 4. Possi
bility of a strike of 12,000 Nova Sco
tian coal miners loomed today when
J. B. McLachlin, secretary-treasurer;
and two district board members of
district No. 26, United Mine Workers
of America, refused to sign a letter
advising the miners to accept a com
promise wage offer made by the
British Empire Steel corporation.
Although other members of the
board signed the letter, some union
officials expressed doubt whether the
compromise measure could win ap
proval without sanction of the three
dissenting members. McLachlan,
especially, was said to have strong
influence with the workers.
The Nova Scotian workers will
vote on the offer March 14.
Sheriff Suspended.
McAlester, Okl., March 4. Sheriff
William S. Sanders of Pittsburg
county was today suspended from
office by District Judge Harve Mel
ton here, pending his ouster trial on
charges of failure to enforce the
prohibitory laws, willful maladminis
tration in office and habitual and
public drunkenness.
Machine Speeding to Fire
Run Into Building to
Avoid Striking
Autoist.
In an attempt to avoid running
down an autoist at Twenty-fourth
and Q streets yesterday afternoon at
2, three city firemen on combination'
fire truck No. 19, driven by John
Fisher, were injured when the truck
crashed into the corner of the soil
drink parlor operated by John Cun
ningham. The three firemen, members, of
Company No. 19, located at Twen
tieth and R streets, are:
John Fisher, 2013 Arbor street,
bruises about the head and face;
James Anglin, 4324 South Nineteenth
street, cut and bruised on the head
and face and internal injuries, and
William Hyland, 4918 South Nine
teenth street, head cut and bruised
and back severely wrenched.
Escapes by Jumping.
Louis Riha. a fourth fireman, 5232
South Twentieth street, escaped in
jury by jumping.
James Anglin was taken to St.
Joseph hospital, where it was said
he was resting easily and would re
cover. William Hyland and John
Fisher were taken to the South Oma
ha General hospital. Hospital at
tendants say both men will recover.
The accident occurred while the
truck was answering a call to a
house at Twenty-fifth and P streets.
As the fire truck was about to make
the turn from Q street into Twenty
fourth, a limousine, driven by Henry
Grotte, 717 Park avenue, was direct
ly in its path.
Crashes Into Building.
Trying to avoid ' hitting Grotte,
'Fisher swerved the truck to one side,
grazing the back of the limousine,
damaging the two rear wheels and
breaking the windshield, but not in
juring Grotte.
The fire track headed directly to
ward the building on the corner,
crashed into the structure, knocking
out the heavy iron support and caus
ing a shower of bricks to fall upon
the firemen who were hurled from
the truck.
A crowd of bystanders helped the
injured firemen out of the debris.
Several persons narrowly ' avoided
the path of the truck as it swept
across Twenty-fourth street arid over
the sidewalk.
Father of Baby Boy.
John Fisher, one of the injured
firemen, is the father of an 11-day-old
boy, Wayne.
Mrs. Fisher was with Wayne and
her two little daughters, Clara, 5,
and Mary Ann, 2, when news of the
accident reached her. She held her
kiddies tight m her arms for a mo
ment, then became calm.
"I hope John gets well so he can
see Wayne grow up," she said. "He
was so proud of our little son. But
if death must come to him now, I
would rather it would be that way
than to have him burned in a fire."
f v
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The soft drink parlor owned by John Cunningham into which the fire
truck plunged when the driver tried to avoid running into an automobile.
Chicago Union Leader
Acquitted of Murder
Chicago, March . 4. Thomas
Walsh, union labor leader, was
acquitted by a jury at his trial on a
charge of killing Adolph George, jr.,
saloon owner and politician. The
jury took but four ballots and was
out four hours.
The slaying took place December 3,
in George's saloon and at the same
time George Gast, a Bartender, was
shot and later died from his wounds.
After today's verdict Walsh, who
was also accused in connection with
Gast's death, was released on $15,000
bonds and his trial on a charge of
slaying the bartender set to begin
Monday. Walsh has been held in
jail since the slaying.
According to evidence at the trial,
the slaying resulted from a dispute
over the placing of an extra chair at
a table. The defense contended that
George had been shot by a "mysteri
ous stranger."
School Board Ruling
on Length of Skirts
Thrown Out by Court
Lawrence, Kan., March 4. A rul
ing that high school girls' skirts
must extend three inches below the
knee was thrown out of district court
here today by Judge Hugh Meas.
The ruling had been laid down by the
school board of the Vinland rural
high school in this county.
Because, according to the school
board, their skirts did not extend
far enough, Alice Hansen and
Maude Buchanan were suspended
from school last Tuesday. Today
J. H. Hansen, Alice's father, appear
ed in court seeking redress. He
told the judge both girls were mod
estly dressed in clothing made by
their mothers.' Judge Means order
ed that the girls be re-admitted to
school and set March 18 as the date
when he would determine to what
extent, if any, the girls and their
Pftrcnis were uamagca Dy ine ac-1
.( . 1 .t t i 1 ri
HUM ui me UUttiU,
Payty in Omaha
Leads to Fight;
Bluffs Man Shot
Criminal '. Charges Are Filed
Against Two Men After
Night Trip With Wife
" of Actor.
Fremont, Neb., March 4. (Spe
cial Telegram.) Jess Smith, 25,
furnace repairer of Council Bluffs,
is in a hotel here behind locked
doors, with gunshot wounds inflict
ed by George Vandervilt, 45, vaude
ville actor, in an argument that
arose following Smith's alleged at
tentions to Vandervilt's wife.
Vandervilt is being held at Wahoo
charged with shooting with intention
to kill. ' . '
A complaint has been filed against
Smith, according to Sheriff Dailey,
Wahoo, charging him with assault
and battery against Jay Collins,
pianist in Vandervilt's vaudeville
company. :
' Husband Jealous.
Smith and his brother were in
Yutan repairing furnaces and there
they became acquainted with the
members of the show troupe. Ac
cording to . Vandervilt, Smith and
Collins took Mrs. Vandervilt to
Omaha. Smith showed too much
attention to . Mrs. Vandervilt, he
says, and attempted to induce her to
enter a rooming house with him at
Omaha and' later at Waterloo on
their way home.
Smith and Collins became involved
in a controversy in which the former
is said to have attacked the pianist,
knocking him senseless near Water
loo. Sheriff Dailey asserted today
that Collins failed to regain con
sciousness until the party reached
the Saunders county side- of the
Waterloo bridge. When he came
to, the car was stalled along the
road and again he and Smith re
sumed their arguments.
Fires Four Shots.
Wrord reached Vandervilt at Yutan
and he went to the scene with a
gun. He fired four shots directed
at Smith, two of the shots shatter
ing the victim's left knee. Following
the shooting, Vandervilt took his
wife and Collins and proceeded to
Yutan. ,
Smith dragged his wounded limb
to the next farm," thence he was tak
en into Yutan. In the meantime,
Vandervilt went to Wahoo and sur
rendered to the county officials.
Smith was brought to a 'Fremont
hospital for treatment. He was later
transferred to a hotel where his
wife and baby are With him. He
is being kept a prisoner until able
to stand trial at Wahoo.
Country Home Burned.
.Seattle, March 4. Fire, believed
to have originated from defective
wiring, practically destroyed the
King county home south of here
yesterday. Firemen and attendants
carried out 50 crippled inmates, un
harmed. The inmates, 198 in all,
were driven into a pouring rain.
They are being cared for at the
county hospital
Man Writes From
Connecticut City
He Slew Taylor
Los Angeles Police Depart
ment Investigating New
Clew in Murder of
Movie Director.
Los Angeles, March 4. Captain
David Adams of the Los Angeles
police department announced today
that lie had received a letter from a
man whose name he refused to dis
close, stating that the writer had
killed William Desmond Taylor, mo
tion picture director, whose recent
death has baffled investigators.
The letter, Captain Adams said,
was written by an educated man,
was sent from a city in Connecticut,
the name of which he declined to
disclose, and made ciscumstantial
statements that fitted in precisely
with facts developed by the police.
Capt. Adams said he would not
say definitely that the letter was a
gcrmine confession, but he would say
that the department put much
credence in it, and was making a
thorough and quick investigation.
The letter expressed regret that he
could not collect the rewards offered
for the arrest of the slayer, but an
nounced that the writer was leaving
the country immediately. It gave re
venge for an old feud as the motive
for the shooting of Taylor, and was
signed by a name that had not been
connected with the previous investi
gations. Capt. Adams declined to give out
any further details and said he would
not show the letter at present.
Housekeeper of Treasurer
Held for Larceny of Funds
Boston, March 4. Miss Elizabeth
Kenney, 50, who was housekeeper
and bookkeeper for Warren . G.
Wright, town treasurer of North
field, was arrested here ' today,
charged with larceny of more than
$10,000 of the town funds.
She disappeared on February 21.
At that time, it was said, she had
admitted a shortage of about $10,000
in the accounts which she had kept
for Wright. '
London Rumor Says Harding
Will Ask Harvey to Resign
London, March 4.- According to
this morning's Daily Herald, it is
declared in diplomatic circles here
that President Harding has definite
ly decided to ask Ambassador George
Harvey to resign his post as envoy
to England. -' 1
The Weather
Forecast.
Sunday Fair and warmer.
Hourly Temperatures.
S a. m SO 1 p. m 49
a. m i t p. m ...kI
t a. nt 2 S p. m.. 54
S a. m .....SI 4 p. m .14
I a. m 3l 5 p. m M
10 a. m SB a p. ra iD
It a. m. 40 1 p. ...,. il
It noom ..ig a p. m
Marketing
of Grain
Discussed
Farmers Attending Debate at
Lexington Refue to Vx
jre Definite Opinion
on Irene.
Over 1,000 Hear Talks
By PAUL GREER.
IMaff t orreapondeat (Imaba floe.
Lexington, Neb., March 4. (Spe
cial TelrRram.) It wa with an
open mind that hundreds of grain ,
growers congregated here to hear
the good and evil of grain specula
tion discussed. During the day little
groups of farmer, milling around
the street, 4lieued the tMue, but
few would exprejs a definite opin
ion. Grain dealers, who came here
for the debate, appeared more in
terested than the farmers.
During the afternoon George C,
Jewett, general manager of the
Northwest Wheat Growers of Fort,
land, Ore., visited some of the pro
perous farnn of Dawson county. His
opponent, J. Ralph I'ickcll, editor
cf a Chicago grain exchange paper,
risted at the hotel. What one farm
er designated as "the night of the
big wind" began in the Methodist
church at 8 he lore an audience of
more than 1,000.
Mr. Jewett opened with an argu
ment against hedging in grain of
any form. Mr. Tickell retorted that
the statement that the exporting
company, which bouRht most of the
grain from the Pacific coast farmer
organization, hedged every pound,
and would not dare buy it unless it
w-as able to insure its purchase in
the future market.
Played Jarz Records.
The co-operative manager read the
main portions of his argument, while
the attack of his opponent was de
livered with . fiery fluency. Mr.
Tickell, before entering the ring,
confided in the newspaper men that
he had pacticed his speech in front
of a phonograph grinding out the
jazziest records he could find. He
also told of having climbed to the
top of his barn on an Illinois farm
and delivering his address while
straddling the roof, thus practicing
to face the most disadvantageous
situation that could come up.
Good humor,, however, filled the
audience. In an interim, one farm
er told those about him a story of
his boyhood to illustrate .his ex
pressed opinion that there might be
exaggeration both of the evihy'iJlt'?
benefits of the present methods of
handling grain.
Took Sacks Home.
"Back in Missouri," he said, "my
father boosted me up on an old
mule's back and slung two sacks of
wheat over it to be taken to the grist
mill to be ground into flour. I got
there all right and stood by as the
miller emptied the sacks into the
hopper. I watched the grain disap
pear from sight in alarm, for It was
the first time I had seen it.. Then,
when the miller turned his back, I
grabbed the empty sacks and raced ,
home to tell my father that the mil
ler had stolen all the wheat, but I
still had the sacks."
The farmers have not made up
their minds about the correct way to
look at future trading. During the
afternoon, Mr. Jewett, together with
a mixed party of grain men and co
operative managers, visited the farm
of L. R. White, one of the show ,
places about Lexington. Mr. White
hesitated to express an opinion on
the subject which has kept this
vicinity in a fever of expectancy, but
finally remarked that most of the
world's business was run on a specu
lative basis, V
Farmer a Speculator. .
Mr. White pointed to his sheep. "If
I had not speculated in these ewes,"
he said, "I would not have had a
profit on them. You might say that
all I have I owe to speculation,
whether in land, in cattle or in any
other crop." ,
' The argument of Mr. Pickell, for
the grain handling interests, did not
follow these lines. "You will agree,',
he began, "that if corn, wheat and
oats, three commodities of specula
tion on organized exchanges, had
suddenly ceased to command an open
market in the summer of 1920, when
prices began to fall, there would have
been a great catastrophe. This ac
tually happened in the case of wool,
hides, leather, tobacco and other
things that are not speculated in.
There was a tune when absolutely
no one would buy wool and the sheep
men had it left on their hands with
out a market. The price of wool
declined 82 per cent, from January
to December of 1920, while wheat'
went off 56 per cent."
Compares U. S. Control.
Mr. Pickell pointed out' that there
were wider fluctuations when wheat
was under government control than
under unrestricted trading. When
speculative markets turn up, he as
serted, all business is sure to get
better. This had started now, and
he forecasted increased business ac
tivity in from two to six months and
that money always became very
cheap for borrowers in from two to
eight months after business gets bet
ter. Rejoining that speculation in grain
was a menace to the farmer, Mr.
Jewett declared that although the
wheat market was up now, with
most of the grain out of the farm
ers hands, it would be much lower
m September when the new harvest
would be ready for market.
"Only one strong argument had
been advanced for speculation that
it provides a method by which legiti
mate dealers may insure their pur
chases or sales," declared Mr. Jew
ett, "and in our two years oi operat
ing co-operative marketing associa
tions on the Pacific coast we have
proved to the satisfaction of many
dealers and exporters that this
hedging operation is not accessary, y
Tars to rat Two, Colujn OaoJ .
