Omaha Daily Bee Newspaper, July 4, 1915, Page 6

THE OM AHA SUNDAY BEE: JULY SEVERAL FORTUNES ON MYERS CORNER Most Valuable Location in Omaha Has Changed Hands Several Times with Profit. NEW BUILDING GOING A good answer to the question, o |cellent shape. There s plenty of money etta rensing 1n_walue?" | v Omaha real h’;l::" o the “Myors |In_thelr coffers and the desire of the ie found in ¢ ot 3 Farnam |Public to invest tn the companies or to Diflon cornet” at ‘Sixteenth and pooned salled 1 t0 b s v has been begun on dis-[46POSIC, aa it Is called, I said to be grow: """‘:‘ (h: "Md She-story bullding, pre- [In&: 1t is reported by the companies that | mantiing the oM oo s slx.atory | this form of Investment is becoming ";"“‘"“U i |popular with the men of considerable e, A y to invest, whereas these fom- re ny. a privately [money to . ive Rase: Redity compeny Arm- vanies were organized to handle the wwhed company organized by the ctrong-Walsh company for the purpose o sre~ting this building, has leared the land for pinety-nine years at an annua of 30,600 a year to start with on a basls of § pér cent on the ertimated value of the lot, namely $600,000 big fortunes have been o ers. o8, s- | burden of conducting a business of their | wiade bv owners of this lot, which mea ures only 86x132 feet. The first fortune was made by Anna M. Goodrich, who bAught the lot from Willlam B. Jacobs In January, 1868, for $50. She owned It for twenty-three years, and then, In June, 1886, she wold it to John A. MecShane for $6,000. Mr. McShane held it for seven months, and then, In Januwary, 1387, he sold it to #ach Thomasson, & ranchman from Cheyenne, for $0,000, realizing a profit of $20,000 in a few months. Laughed at Rancher. Real eatate men of that day laughed and maid the old rancher i poor investment. Mr. McShane says to- Aay that he considered he had made a mighty good bargain. He says likewise that’ he now realizes he had made a mighty poor bargaln. For the two daugh- ters of old Zach Thomasson are today; recelving about 43 per cent annually on thelr father's Investment. ‘I hese two daughters, the present own- ere, are Mre. J. P. Cobd of New York City. and Mrs. John Kuykendall of n- ver, £ By the terms of Their lease to the Fowe Realty company they are to récelve £30,000 annual rental for the land during uP «1g |the companies was reported to be In ex ad made & |8ix Per Cent Interest Paid and Plenty of Money on Hand to Loan Out on Real Estate Security. FARM MORTGAGES ATTRACTIVE The bullding and loan companies ot Omaha now have combined assets total- ling §35,000,000. The semi-annual dividends were pald July 1, ard the business of all ¢ ' money of the small depositor rather than |the Jarge investor. The regularity with 1 rental |Which tie § per cent ls pald out of these This ia | Companics on deposits is attractive o] dollars | those who have a few thousand | that they want to put In a safe place, where they do not need to shoulder the |own with their eapital Loaning on farm mortgages is & new departure iIn the building and loan busi- |ness that has taken root with some of the companies. The Conservative Sav- Ings and Loan company has loaned $201,000 on first mortgages on eastorn Nebraska farms in the last four months. If money continues to flow Into these {companies as abundantly as it has for some time past, officlals of some of the |companies assért they will probably have to consider the matter of paying a smaller dividend In the future, as.the deposits come Taster than they can piace the money at a profitable rate of in terest. Creston Annex Put - Upon the Market Crestan Annex s the name of & new addition platted and put on the market by A. P. Tukey & Son. It lles on she tiorth side of Davenport street, between Thirty-#ixih and Thirty-elghth streets, There are twenty-five lots in the tract And & number of them have been sold. LOAN CONPANIES PROSPER| {ture designed and to be bullt by the Work has already started on the big first-class apartment house to be known as the Blackstone hotel, at Thirty-sixth and Farpam streets, This is the struce (Bunkers' Realty Investment company, | and owned by a syndicate of Investors known as the Blackstone Holding com- pany. It is to be 190 by %0 feet. It will have 97 ome-room apartments, 3% two- room apartments, 10 three-room apart- ments, 4 four-room apartments, 2 five- THONAS NANES COMMITTER Real Estate Men Who Will Figure Out a Plan for Widening Twenty-Fourth Street, WOULD CORRECT OLD ERROR The committee of the Real Hstate ex- change that s to Investigate ways and means of going about the Project of widening Twenty-fourth street and open~ ing a few of the tributary streets now closed, been announced by President Thomas of the exchange. The persofinel of the committes is: George T. Morton, F. H. Meyer, W. H. the first five of the nihety-nine years| Jhw district i» restricted, and i being | Green, Harry Christle and E. R. Benson. of the lease. If, at the expiration of that time, the value of the land has increased above $600,000, they are to recelve as ren- ta) 5 per cent on its valuation, decreaseq in value they are to recelve It 1t has | per front foot, mentioned es the finul avallable tract on the top of the hill n the West Farnam district. 'The prices range from $33 to $47 Water, seworage, cement sidewalks, gas and paving are installed, the $30000 a vear just the smme. Re-|go that the ground is ready for bullding. apprajsement is to be made every five years during the life of tho lease. Worth Fortane a Foot. / < 5 X : il b | it SE E F i I i 8 i i ] i i : ! i ] 1 ga'xi il : ;ié .!i : £ L £ x&~f§ This is the property belonging to the possession of the property in 188, He The value of this bit of Omaha busi- | bought it originally intending to bufld y at present is something | his home there. Later he changed his por front foot on Farnam | mind and bullt his home on Farnam The value of each square foot | street. City Dads Consider General Levy for Next Year's Budget this financial problem 5 as the legal department has not given opinions on several mooted Foremost among the unsolved problems r in which provision shall for final payment of added ex- h will be incurred by reason I3 H : family with no funds for the last months of this year. The city at- coat off, sleeves rolled up. law books before him. itted that the 1916 tax rate increased, the South ! . For instance, the police fund hus 30,000, park fund, $30,000; 1i- $20,000; fire amendments require that a sinking fund of not less than 30,000 than §150,000, shall be levied provision was made ndments for motorizing which will amount @ year for five years. for Omaha will include ostmaster Wharton A letter from D. M. Cox, attorney, Roseberry, Idaho, has been referred to or to have been in the liquor busi- ness here und to have been & policeman rother is weriously 1l tn Rowe- is about 6 years old and is Cond estate. John ¥. Coad pame Into|’ coming into the Greater | part fund, $20,000. The | s Seeking Becker JFuneral services for Alfred C, Kennedy will Be held this afterncon at 3 o'clock residence, 1024 South Thirty-second The question of ‘widening the streets came up again for a lengthy discussion at the meeting Wednosddy, last. John L. McCague and C. C. George objected to the manner in which the movement had been started and the wide publicity which it recelved, Mr. McCague asperted. of having a business He declared that the men must guard against this and not rush to rapidly into a campalgn to make # certain) autlying street the business center of the city. It s ot fair to those who have in- d large sums of money to develop the present business center, for you to proclaim a new district and go ahead to {boost for the development of this new center,” he said. President Thomas explained that all the exchange wanted to do was to get behind & movement to straighten and widen ty-fourth street which needed such badly. ‘All. we want to 8o,” he added, to correct an error made twenty-four or thirty years ago. What we do, or say will not move the business center of Omaha in & day, a week, or & year. It “Ia of a city on wheels."” W, H. Green explained that it was not the purpose of this movement on the of the exchange to move the busi- nops center to Twenty-fourth street, but rather, to get fhat street ready for the growth and development that is inevit- able inthe future. Business Men to Go_ . On a One Day Trade Trip Into Iowa | A one-day sutomobile excursion of : wholesalers, manufacturers, bankers and | others out of Omala s planned to run Into . the southwestern section of Towa July he run will be under the | auspices of the trade extension commi tee of the Commerclal club of Omaha. ‘The uutomoblles are to leave Omaha at 7 o'clock Thursday morning, July 8, and are 1o return before dark the same eve ing. The itinerary includes Glenwood, Malvern, Hastings, Emerson, Red Oak, | Basex, Shenandoah, Sidney and Tal | Some twonty-flve minutes la to be spent | n emeh town. This is expected to allow in each place. Wheat Fluctuates on Erratic Market The Omaha Grain exchange will observe Monday as & holiday and consequently there will not be any market until Tues- day. With reports of clearing weather generally and wheat turning out better than had been anticipated, wheat was erratic, solling at 2 cents up to 1 cent down from the Friday prices. Sales were made at §1.26 to $L.38, with fourteen car- doads offered.” Corn was weaker and was oft % cent, were fifty-five cars. Oats follewed the slump and sold off % to % cent per bushel, prices being 4% carloads. MAN WHO SINGS GETS BEST OF THE ARGUMENT singing 'neath his bedroom Rasmussen, Seven- avenus, emptied the of a revolver at tas warbler, ‘men were arrested and brought Is not'sseany to put the business """“ln- into court declaring that he was those In the party to visit their customers BRIEF CITY NEWS Electrie fans, $7.80. Burgess-Granden. Have Moot Print Iv—Now Beacon Press Pudlio Insurance Adjuster—George Bchroeder, 408 Ware block. Red 646, Free California Exoursion, July 12, to buyers of Live Oak Colony land. W. T. Smith Co., City National Bank Blds. Oholos of Spring Ohicken or planked white fish dinner at Schiits hotel July 4 and 5, served from il a. m. to 9 p. m. Price 50 cents. Dr, J. ¥. mater, Dentist, announces the removal of his office from 624 to 515~ 16 City National Bank Bldg. Telephone Tyler 2061 ¥red W. Anheuser and Cornelius F, Connolly, attorneys-at-law, have move to 24 Brandels Tneater Bldg. Same phone, Douglas 4080, Must Lunch Blsewhere—No luncheons will be served at the Commercial club dining room July 5. The dining room is to be closed on that day. “Today's Complete Movie Program” classified seation toomy, and appears in The Bee EXCLUSIVELY. Find out what the various moving picture theaters offer. Olothing @tolen from Barma—H. D. Berger,. 402 Charles -street, reports the theft of elothing to |the -value of $0, which wag taken from & barn to the rear of 3340 Charles street. To Close Monday—In observance of Independenco day, the Young Men's Christian assoclation will close its catetorla Monday and the vacation school for boys will also have & holiday. Combs $0 Wind the Clocks—The clocks in the federal bullding, will be wound during the coming year by T. L., Combs & Co. There are thirty-elght of them besides the big tower clock. They must be wound each week. The contract )rioe i« $150. - Censurés Pavent—Judge Lesile, ting in juvenile covrt, censured Abraham Penchansky, who brought his 10-year-old wit- Incorrigible. “You should take better care of your son,” sald the judge; “you would fin1 hira a better behaved boy."” Td) Bell Badges—Several| thou- sand lverty bell badges are being pre- pared by the Pennsylvania soclety and | the secretary of the socicty will be in the Ploneer room of the court house Thureday afternoon and probably Friday morning to dlstribute them to members of the Penaylvania socdlety and other na- tive Pennsylvanians of Nebraska and Towa. - The and Sulphur Bath Rooms —at the’ Harney hotel, Fourteenth and will are Harney streets, entrance or Harney, not fall to attract the public. They conducted by experienced attendants Ifrom Hot Spring, Ark. To introduce | them, & uniform fee of $1 for the entire night 18 charged, Separate rogms for electrical tréatment and massage Tel. Douglas 118, All Roads Leading Into Omaha Put in Finest Condition Al roads will lead to Omaha Monday, | will be in fine condition. ‘and townspeople have been dragging all | suto roads Within 200 miles of Omaha, to put them Into shape for the heavy also been miven additional treatment, to make them perfect for travel. ample proof that the appeal has had a ready response. “I was motoring clubs I wrote, and they all réport t.hui much work has been done to make the | roads first class for Monday. Among| When John Miller of Portamouth, Ta.| (he clubs replylng were those at Lin- | Fremont, Lyons and coln, Schuyler, many other places™ _—'t— Has Plan to Abolish the Telephone Toll Commissioner Butler Tuesday £ fe E: £ il i i and, according to reports, all those roads Commercial clubs, auto clubs, farmers traffie to the big speedway races and { world's champlonship wrestling match here Monday. Many of the roads have Clarke Powell, secretary of the omui Auto club, sent out letters to the various organizations, asking them to improve the roads within 200 miles of Omaha, | selling at 714 to 784 cents, The receipts and with'n the last few days he has M‘l | out around Calhoun | to 4T cents. The receipls were twelve | and Blair” Powell says, “and found that the roads had been dragged all 713 BT BB e VR - 3 _E,_‘f 3 frz [ 4, 191 Omaha’s Newest First-Class Apartment House room apartments and 2 six-room apart- | ments. \ | On the elghth floor there is t5 be a Lbnll room, 38 by 60 feet. The structure is | to be completed by February 1, 1916, | | 7 } | | Holdup Men Take | Victim's Shoes and | Hat and Get Away Carl Lauterbach of Emerson, Ia., was etrolling at 4:30 a. m. near Thirteenth street and Capitol avenue when two men induced bim to give § toward the col- lection they were taking. Description of the two men in the Cope- land and Lauterbach cases agree with those of two of the four men who held up Mr. McCloud. The police are on the trail of the quartet. J. H. McCloud of 316 West Fourteenth avenue, Denver, reported to the police that he was stopped at 11:30 Friday night | at the north end of the Sixteenth street viaduct and compelled to contribute $1.25, shoes and hat. The strangers stopped to nntle his shoes and were deliberate in thelr proceedings. The shoes were new and bought for the Fourth of July. L. A. Copeland of Persia, costed In an alley near Hleventh and Farnam streets by two men who grabbed him. Copeland broke away and ran, leav- ing his hat. FIVE-YEAR-OLD LAD IS BITTEN ON HAND BY A DOG| The 6-year-old son of V. Kratky, 917 Homer street, was badly bitten on the right forearm and left hamd by a dog belonging to John Sterrert, 1015 Homer street, several days ago, when the child entered the Stérrert yard 4and tried to take a puppy from the’ side of the mother. Sterrert was given his choice of taking & fine of §2 and costs or bringing the animal to the station and having it shot. He chose the latter courpe and the head of the beast will be sent to the Pasteur fustitute. | '5000 MEN’S SUITS i i | YOUR MONEY SHODLD ERRN FROM 1% to 10% We have several different i | HOME BUILDERS e Southwest Corner 17th and Douglas Streets, Omaha. Financial Statement July 1st, 1915 RESBOURCES Real Ksiate Mortgages and Contracts...: v +++870,960.04 Uncompleted Building Contracts . o 20,495.98 “1lls Receivable s 9,283.28 Btocks and Donds ‘asaae «« 1,010.00 Loans on Home Builders' Stock.. 4,381.51 Dwellings ........ « 10,623.45 Accrued Interest 5,958.22 Furnitnre and Fixtures PRI Y RS 1,064.17 Cush on Hand and with Fiscal Agents ...... 49,296.52 Total ‘hssesesd T R S T R R $173,063.14 LJABILITIES Capita} Stoek ...... ol PR, S G e VR ....$135,395.00 Accounts Payable for labor and material on dwellings under donstrnétion” (not yet due) Dividends Payable .......... Surplus and Undivided Profit TOUE 5 ¢ e e oy . Sty iise ssbaives COMPARATIVE STATEMENT Rerour Surplus Div Jan. 1, 19 $ 17,1276 Jan. 1, 1913 55,006.40 3,542,567 Jan. 1, 1914 86,303.39 8,721,86 Jan. 1, 1915 124,685.72 17,965.563 July 1, 1915 14 28,172.81 Jan. 1, 1918 The rate per cent will be In addition to our cash dividend at the rate of 7.98% on par, or 7% on the book value of Home Builders’ shares, we carrled 2% per share to Surplus, making the YALUE OF THE SHARES NOW $1.16. Net earnings over 10%. OFFIOKERS AND DIRECTORS G. A Rohrbough, Vice Pres. ©. O. Shimer, Bec'y W. A. Banks 0. W. Johnson Hon. Lee 8. Estelle H. O. Townsend E. E. Litz Geo. J. Morris Amer'lt-n Security Co.,, Fiscal Agents for Home Builders. Brandeis Theatre Bldg., Ground Floor, . Southwest Corner 17th and Douglas Streets, Omflu. plails whereby you can get from 7 to 10 per cent on 4our money and be absolutely safe in your investmen As every one knows real estate 1s one o the best and safest investments on earth. We can arrange it #0 you can invest in individual properties .or take an interest with others. It will pay you to @ee or write usabout- it b & He BUILDER 2314 M 5L, South Omaha This Company is RN Equipped to Provide the Class of Service That Assures Protection for the Building Owner Should you have this company build for you, you will know: * FIRST, the final cost of the entire building before work is commenced. m, that you will be free from every responsi- bility, excepting the approval of plans and materials, apd the meeting of payments.’ AND THIRD, you will know the satisfaction that comes of dealing with a firm that is financially ‘reaponsiblo. Pankers PRealty Jantn Capital $750,000.00) CONTRACTORS AND BUILDERS Ground Floor Bee Bldy. OMANA, NES. Submit Your Plans for Our Figures H, 8. McDONALD, NATE TRAPHAGAN, We Set the Fashion in Awnings And when you order =\ ALL KINDS Our prices will interest you and our materials are the best that can be used. NEBRASKA TENT & AWNING CO. Phone Douglas 8641, e 709 South Sixteenth St. PHONE DOUGLAS 7018. PAINTS FOR ALL PURPOSES VARNISHES, OILS AND GLASS. OMAHA'S LEADING PAINT STORE, 1812 FARNAM ST. €. R. COOK PAINT CO. DODDS, e A ARCHITECT T — OMAHA, 50 Cents for My P PAXTON BLOCK. R il Send New Plan Book. For Results Bee Want Ads. el Y