Omaha Daily Bee Newspaper, September 23, 1916, Page 2

OMAHA PRESENTS CLAIMS FOR BANK IZcn Representing All Lines of Business Appear Before + Federal Board. MUCH TESTIMONY TAKEN (Continued From Page One.) :x farmers and implement dealers call annually at the company’s Omaha of- fice than at any one of the other branch houses. Peter Jansen, Beatrice, asserted that while he does not live in Omaha, and has no property interests here, he sees reasons why Omaha is at the logical place for locating the bank. E. Stoddard, well zcquainted with the farm tenant class, asserted the land bank would put the renting class into the position of farm owners. He added that there are 50,000 young men in this state who want to get on farms, but are afraid to try to buy ,under the present loan conditions and * facilities. ; Thomas Millett, Gregory, S. D., said the necessary local associations to negotiate the loans could be formed in his localitv within thirt days after the banks are established, and that the operation of these banks will be a great help in the develop- ment of that newer region of country. Interest Rates Now. J. B. Grinnell, Papillion, secretary of the Nebraska Farm congress, gave the results of his investigations as to rates of interest paid now in Ne- braska on farm loans. He found one place not fiity miles from Omaha where 10 per cent interest was being paid on a farm loan. He gave his own experience of asking to have a loan renewed, being promised a re- newal at 6 per cent and then being charged 6* per cent on the day when he had to have the money. “I am told the‘y" do this right along,” he .said, “when they get a fellow in a pinch. C. L. Burnham, Norfolk, asserted that under the farm loan system of cheap money and long term loans, the %mebu countrir would be de- veloped very much faster than it is at present. Although he is a banker, he said he was in favor of this -cheaper rate of interest on farm loans, -because it would make more general farm prosperity, and would immedi- ately be reflected in increased de- posits, Wiley Tells of Wyoming. S. S. Wiley, Omaha, and Wiley, Wyo., farmer colonizer, and hydraulic i testified that all the Big asin in Wyoming is mb““ri to Omaha, tapped by great trun lines, that 12 per cent to 15 per cent is theprevailing rate of interest there, -and that young men are kept from de- nlo!gin that country more because of e%i(h rate of interest, which they cannot afford to pay. A , C. Filley, head of the Univer- sity Farm Extension Work, presented a concise brief in which he showed average rates of interest charged and ‘showed that west of an arbitrary e-line, extending from Holt to ml counties, the eastern com- Il not loan money, claim- that the rainfall is too uncertain. ‘He asserted the 300 co-operative ele- ‘vators in the state, together with the igreat number of other farmers’ or- ‘ganization would immediately form a basis for the organization of the necessary local associations to get the loans. - s others who _testified were ack Moore, Buffalo, Wyo.; B. Fenner, Burwell, Neb.; P. J. ‘Brennan, Nobles county, Minnesota; Anson Hiersche, Scotts Bluff; O. F. Dornblazer, Dulfu. Tex.; A. F. Mam- mem, McClelland, Ta;; W. S. Dela- tour, Garden county, Nebraska, and a number of other Omaha men. The hearing continued until 6 o'clock, after which the members of the board hurried to the private car and started for Des Moines. /_ Position of Loan Agents. Four loan men have rushed to Hyannis, Neb,, to make loans now to the Kinkaid homesteaders, since the federal farm loan bank law ‘was e SRR PSS ST e s s T T E FE R AN P A -@uufiMM«@WMW came a law, scarcely a loan could be had there by a Kinkaider. This came out in the testimony of John A. Hoban, a Kinkaid homestead- er from that section. ) Hoban testified that before this bill became a law the loan men would not " loan money to a Kinki 'der, as the " loan companies and the banks there were largely controlled lb(’ cattlemen, © who wanted to oust the Kinkaid farm- * ers from the settlement in order to get the range back for their cattle. Commission in Advance. . Hoban testified that he borrowed fi.fiwh the fore part of the present ~ month, and that he is to pay 3 per cent .ommission annually § for five % rnn, and § per cenmi interest on the joan besides. He testified that the 3 lier cent per annum commission, wmaking 15 per cent for the five-year period, was all taken out in advance, and that he thus gives the company 15 per cent besides the § per cent per . annum interest. This was the testimony adduced when the board questioned Hoban as to how the federal farm loan bank loaning money at 5 or 6 per cent would benefit the Finkaid home- steader, He testified that up to the present month he had been able to get only small loans, and these from farmers or ranchers in the neighborhood in- stead of at the banks. He paid 8 per cent on these. Law Helps Already. . “Do you believe the fact that tne . farm loan bank law is soon to go into * effect had anything to do with your | ability to borrow this $2,600 ‘now?" ¢ asked Secretary of Treasury McAdoo. “I do,” he said. “I believe that is just why I got it. The loan compan- O B S e the law was passed, and there are four men in Hyannis right now mak- . ing farm loans to Kinkaiders.” he court roon: was packed a half " hour before' the hearing started. Three hundred men crowded the room, and hundreds more packed the s g 3 ‘ ¥ i % iy : We make clothes for Sack mm& down DRESHER, The Tailor, 1515 Farnam. Tyler 345. passed, although before this bill be- £ ies sent men into Hyannis as soon as| ™ corridors seeking to push their way in, or waiting for someone to leave and make room for another. Sixty Are Farmers. When Secretary McAdoo asked to sce the hands of those who were farmers sixty hands in the room went up, which did not include any in the hall unable to crowd in. Mr. McAdoo made an opening statement, briefly telling the purpose of the hearings, and George W, Nor- ris followed with a summarized state- ment of the intent and purpose of the bill and the method of its operation. ). A. Ollis of Ord was the first witness called. He testified that in the last few days he had talked to at least eight men within a radius of three miles in his neighborhood who had from $1,000 to $3,000 apiece, but were afraid to buy even an eighty- acre farm, though they wanted one, because they feared reverses that would make it impossible to pay off the mortgage in ‘the five years al- lowed them under the present system. He said all these men declared they wonld feel safe in buying a farm un- d>r the farm loan act when they could get cheap money on a twenty or for- ty-year term under the amortization plan, All Charge Commission, . Mr. Ollis testified that the prevail- ing rate of interest on farm loans in Valley county is 6 per cent, but that all the loan companies charge com- mission of 1% per cent for making the loan. Ed P. McDermott of Kearney, a luwyer, next on the stand, had a pack of letters in reply to inquiries he had sent to loan men all over the Sixth congressional district of Nebraska, While many of these loan juen did not want their names mentioned, they gave information freely as to rates of interest charged and commissions deducted, Summarized, they were in part as follows: Bartlet, Neb.,, 6 per cent plus com- mission, Sidney, Neb,, formerly 10 per cent, now 8 per cent since the farm loan law passed. . Sherman county, 5/ to 6 per cent interest and 2 per cent cash commis- sion, Dawes county, average of 9 per cent interest, and in somc cases com- mission as ‘high as 6 per'cent, Keya Pana county, 6 to ¥ per cent mterest and varying commissions. Dawson county, 5 per cent interest and $20 per $1,000 commission. Sioux county, 'up to recently 10 per. cent interest; now 8 per cent. Scottsbluff county, under irrigation 10 per cent interest and other rates varying with the individual case with regard to irrigation facilities, etc. eith county, 8 to 10 per cent in- terest and commission at 1% to 2 per cent, imball county, $5 per $1,000 com- mission, which always runs the rate of interest up over 8 per ceut. Banner county, 10 per cent interest and 10 pér cent commission. Lincoln county, 6 per cent interest and 3 per cent commission. Cheyenne county, 6 per cent on the best improved land, Many Leave Farms. Mr, McDermott declared that of the Kinkaiders who settled on these 640-acre homesteads a number .f years ago; only 10 percent are now on the farms. The rest, he said, had to get out, largely because they could not get cheap money on long term loans with which to develop these places, “I feel sure from a canvass I have made,” said McDermott, “that 60 per cent of the farmers in the Sixth dis- trict will avail themselves of the op- portunity to borrow money under this new plan as soon as the federal farm banks are established. They are all willing to join the local as- sociations, He wound up by reading some re- Flm as to location favored by men rom various places in the western part of the state, all of whom favor- ed Omaha, glvlng the railway facilie ties and many other reasons for their choice. Victor Anderson of Kearney, who with his brother operates an 800-acre farm, testified that the prevailing race of interest ‘on farm loans in his lo- cality is 514 to 6 per cent, with a com- mission charge of 1 per cent a year He testified that 40 per cent of the farmers in his county are tenants, that all of them are ambitious to own gre helped by the establisment of a farm loan bank. News of State Capital (From a Staff Correspondent.) Lincoln, Sept. 22.—(Speclal.)=-An opini: written by Chief Justice Morrisey gt . n:l'-l torney C. E. Sandi ance of the judgment county for Otto in litigation involving proj $800,000 belonging to thelr f Otto. Sandall acted as their attorney in a controversy with three otlter children of the elder Otto. The litigation was subsequently sottled out of court over the attorney’s head. rty worth W In a case involving the value of a horse which fell through the approach to a bridge and had to be killed because of its injuries, the high bench decides that Richardson county must pay damages to the J. H. 1Mles estate and John Willlams, ———— An Effective Cough Treatment. One teaspoonful of Dr. King's New Dis- covery taken as needed will soothe and check your cough and bronchial Irritation. All druggists.—Advertisement. COAL AND GAS RANGE Demonstration Monday, Sept. 25 Milton Rogers 1515 Harney St. OSENBLATT SELLS QUALITY COAL & éer PRICES 2000 18S PER TON CUARANTEED PPOMPY DELIVERY TEL.DOUG.530 THE BEE: OMAHA, SATURDAY, SEPTEMBER_23, 1916. bl PRISONER TEARS UP FIRE GOMPAN THE KEARNEY JAIL LOSE TORNADO SUIT Court Holds Wiig : 0. N. Mitchell Nearly Wrecks Supreme Interior in His Effort to Building Was Hit Make Escape. [ES by Light- ning Before Blown Down. BEATEN INTO SUBMISSION CANNOT SEPARATE LOSSES (From a Staft Corre Lincoln, Neb., Sept. Telegram.)—Martin W 22 Kearney, Neb, Sept. 22.—(Special Telegram.)—A daring jail delivery]| was thwarted here early this morning, | but only after one police officer had | been knocked unconscious by a blow | from a bolt in the hands of O. N. Mitchell, alias John Jones, and an- other had been forced to club him into submission. chnege of oparaing a5, antomoblic] L Jolices ou the gr0 ) S | ings were blown down without a license. The .jail was not| fire afterwards. The h guarded from 8 o'clock until 2 a. m. His attempt to get out was one o the most daring ever known here. He literally demolished the interior of cover on two policies New Jersey, according uilding was struck by | and was blown down a spondent.) 22.—(Special iig of Omaha, whose brick building was destroyed | in the Omaha tornado of 1913 can re- for lightning and fire which he held in Girard Fire | and Marine Insurance company and | the American Insurance company ol to a ruling of the supreme court this morning. The companies fought payment of und the build- first and took igh court says, | however, that the evidence shows the lightning first fterwards. Nor is it possible, the court says, to sepa- rate the loss due to fire from that the two-cell lockup and tore off the | due to the collapse of the building. entire door sill which leads into the| HYMENEAL office. Just as he had forced his way into the office he heard the officers coming down the hallway with an in- g J toxicated man, He hil{ behind lhc.Te};:ga:;‘,;cj_;\};:}}ySq”; door and as Night Policeman Bede : Laugliton stepped in he was floored with the iron bolt in the hands of the prisoner. After a desperate encounter with Officer Vern Smith, lasting for ten minutes, he finally gave in. Mitchell then confessed that he was wanted in | Phillipsburg, Kan,, for stealing an automobile. A tent i1 which he had| pontea tn lowa: been living at the fair grounds was| Arion, Foster 8. Kepford; found to contain many stolen articles. | Chusman; Crawfordsville, The Kansas sheriff has been notifiea and will arrive tomorrow to take charge of the prisoner. Maryville, Kan,, were den. Washington, Bept. gram.)—Penslons granted: Earlvill burn; Scranton, Albert F. Fred Crose. 9y homfiuon-Brunlblch. . 22.—(Special ohmpson and Miss Othelia A. Brunsbach, both of married here this evening by County Judge Wal- Department Orders. 23,—(Bpect: Tele- , Mar- Nebras! tha J. Beck, Campbell, §12. The following letter carrfers were ap- Argyle, H Philtp Frank Blakesburg, Ernest L. Clark; lamuel McCarvey; Giimore City, | James F. Mulholland; Schaller, Gold Sonne- Hatch; Seranton, Start the Children Right ANY a grown-up woman owes the shapeliness of her feet to the shoes she wore as a child. It is more im- portant that children’s shoes be made upon right fitting lines than adults’ shoe: child has practically no choice. Our stock of children’s shoes contains eve s, for a ry kind of shoe for every purpose and occasion for children. They are designed and made with the same care for comfort and support as our adults’ shoes. School shoes from $2.25 to $3.50, according to size. wHOE CQ, 1612 & DOUGLAS. uying at Saves You Read Over This Bargain List For Saturda $1.00 Listerine 9¢ 50c Stuart’s Dyspepsia Tablets $1.00 Piver’s Extract, er ounce B0c Orazin Tooth Paste.. :3 Bottle of 100 Hinkle Cascara Pgls $OR, fe s yivviionavavenionas ¢ 50c Nadinola Preparations..34¢ 50c Hind’s Honey Almond Cream R A e fié 50c Doan’s Kidney Pills. ...34¢ 60c Lantz Red Kidney Pills. 39¢ Rubber Department 50c 0z. Sachets, large per ounce Films Developed lng 79¢ . $1.60 Legrand 2-qt. Hot Water Bottle L ¢ 65c Atomizers ... At $2.00 Legrand Combination 2-qt. Fountain Syringe and Water Bot- Candy 15th and Farnam. eaton’s Money Perfume Specials A 58c Assorted Perfumes, many od- ors to select from, per oz..24¢ Photo Department s?.so Pixie Camera, 2%x4% 3.50 P R o e $1.50 $ Whirling ' Spray Femé]e 6c M. Q. Tubes...... @ for 25¢ $1.50 Legrand 2-qt. Fountain Syr- Special prices on enlargements. We are agents for Huylers’, Cranes’ original Allegretti Lowney Chocolates and Bon Bons. Fresh shipments received daily. LG o e O R 8 5 . N $1.00 Duffy’s Mait Whiskey H90 Cigar Specials b0c Java Rice Powder...... 34¢ [10c Chancellor, Conchas size, each 10c Lustrite Emory Boards. ..5€| for ........ccooniueeennnnn 800 Lavoris .. iicoennes. g ¢ Limited 5 to a customer. 50c Kodol Dyspepsia Tablets 29¢ |10c Odins........... 5 for 25¢ 86c Castoria ,............ 21¢|10c Tom Moore, Conchas size, 26¢_Mentholatum . SR K R e R T e be Ivory S?n ........ for G¢ Limited 5 to a customer. 26¢ Grave’s looth Powder. .15¢ | 16¢ Muriels, Breva size 3 for 25¢ 26¢ Sloan’s Liniment ...... 7¢ | 10c Gibraltar Perfecto 5 for 25¢ Mail Orders Receive Our Prompt Attention. Beaton Drug Company Y. all odors, assortment, Free and HOLMES-ADKINS C0., Chassis, $325.00 Runabout, $345.00 Coupelet, $505.00 F. 0. B. DETROIT The Demands of Your Blood ‘When the blood (the power fluid of your body) is properly nourished, your body in- variably radiates signs of glowing health— But it is s0 easy to neglect its importance, and blood disease’s of malignant form, like Rheumatism, Catarrh, Malaria, Scro- fulous poisons and skin diseases take hold before we are aware—the result of negli- gence. Keep your blood (power fluid) running pure by the nourishing qualities of 8 $.8. and ban- ish these undesirable tenants from your body. Get the Genuine 8.8.8. from your Druggist, SALES' AND SERVICE STATION 2ithand N Streets Touring Car, $360.00 Sedan, $645.00 Town Car, $595.00 380 5o £55tY Rock Island Must Settle With Circus ~ Men Hurt in Wreck (From a Staff Correspondent.) Lincoln, Neb., Sept. 22.—(Special.) —Joseph Maucher and James Crog- | circus in 1913, are entitled to recover | high court says it would be against 1$10,000 and $15,000, respectively for | public pol | injuries in a railroad wreck when a | contract, an Rock Island passenger train hit the crippling of the two men, ’circus train in a rear end collision Mlments are not too large. 300 Sews St Ll H. H. FURNALD died at his home |a siding near Richfield, Neb. judgments returned in the distric | court of Douglas county run against|at Plainview, body was broug the Rock Island. The railroad pleaded a special con. tract with the circus and also assert- han, employes of the Ringling Bros. |ed the damages were excessive, The The | licy t funeral took leaves one SO! d in view of the serious a ploneer reside to recognize the special , the judg- Neb., yesterday. His ht to Seward and tho place Friday. He wag nt of this place. He n, Albert of Plainview. Established 1856 THOMPSON-BELDEN & CO. w— The fashion Center of "fhe MiddleWest — Do People Like to Be Humbugged? Some stores evidently think perhaps ct more attention, like a small boy with a fire- cracker, but we prefer to tell the simple truth in a plain, un- derstandable way, because we seek your confidence as well as vour attention. Toilet Articles at Special Prices Ideal Rubber Cushion Hair Brushes, triple bristle, for Saturday, only $1.00. An excellent Medicated Toil- et Soap, at 19¢ a box. Saturday only; quantity to each customer limited. Main Floor. Remember This When-You Buy Silks Silk is one of the easiest products in the world to “load”; that is, to make it appear genuine, silky and like a pure-dye taffeta. Many unscrupulous man- ufacturers substitute, adding three or four times the actual weight of the silk by using tin or iron. They overload and weaken their silk to such an extent that it is prac- tically worthless and at the first strain it splits and tears. MORAL: Insist on Beld- ing Bros. Guaranteed Silks, which are pure dye, will not split or tear and cost no more t!ixli(n is asked for ordinary silks. We are Exclusive Agents for Belding Bros. Silks. SORQSIS Shoes for Fall An unsurpassed Selection From Which to Choose. Luxurious Furs Moderately Priced This season’s newest styles are very attractive, and present a complete showing of QUALITY FURS at popular prices. The Fur Shop—Second Floor. Children’s School Hose Special--- 18c¢, 3 Pairs for 50c A fine ribbed black cot- ton hose, durable and sightly. For Saturday only, 18c, 3 Pairs for 50c. Three fashionable shapes, small, medium large, made of fine black ter’s plush. An extra value for $3' Hats of Silk Velvet in In Fashionable Styles| Trimmed Hats,§ 2%.$3% styles and colors and smartly trimmed ; remarkable values at these prices, for Saturday only. On Sale in Basement Millinery Only. The Glories of Autumn Colors Everywhere The Store for SHIRTWAISTS New blouses, fresh from their packings, ready for Saturday. We wi care. medium silk and ing them to you. Second Floor. Featuring as usual--- The latest styles in Laces, Dress Trimmings, | Flouncings, | and Rose Trimmings. When so much of the success of a costume depends upon the finishing touches, it pays to be particular and select with We will be glad to have you look. Infants'—Shirts & Bands | On which the Baby’s Sec- tion specializes. Wrappers, no buttons, dou- | ble across the front, of 11 enjoy show- Beaded Metal Laces Main Floor. weight cotton, sizes 1 to 6, 25¢c. Ruben’s Shirts for infants, cotton and wool, all-wool, wool and all-silk, sizes 1-6. Priced accord- ing to size and quality, from 50c to $1.85. Infants’ Bands, cotton and wool, all sizes, 25¢; all- wool an and hat- 05 new d silk and wool, at 50c and 55¢c. Third Floor. A Special Sale Saturday o new Ladies’ Suits serge, poplin, novol!y$ cloth, fur or velvet collars; all colors; worth to $21.50 19 E 98¢ Ladies’ Coats, cape velvet collar, s novelty cloth; new- est styles; worth Lingerie Waists, in all styles; worth $1.50. Feature price Elegant line of Skirt: worth to $7.50; al styles Men's Suits, i s mer, worsted, fancy mixtures; worth $12.50 B ¢ d Girls Se‘l’:oyn: S.hno es, n;h‘l s ga od; worth ; = STORE FOR THE PEOPLE Ladies’ Suits, pop- lin, gabardin $ serges, fur or vel wvet collars; all styles; worth to $24.50.... cy plaids and mix-$ tures, in all colors; velvet collars; worth Ladies’ Coats, fan- Georgette Crepe Waists in all styles; worth $5. Feature price Sailor Serge Dresses, all sizes; worth to Men’s Suits, pinch back or regular cut; worth $18.50 $3.50 Boys' School Suits, in all styles; worth $5 to $7.50. THE NOVELTY CO. 214 North 16th Street BERNSTEIN & KRASNE, Props. s==THE NOVELTY CO. gfF “THE STORE FOR THE peopLE” AP Again to the front with a gigantic sale for Saturdav in our Men'’s, Women’s and Children’s Dept’s., featuring special prices throughout the entire store. LADIES’ SUITS, COATS, SKIRTS, WAISTS, FURS, MILLINERY, SECOND FLOOR—TAKE ELEVATOR Ladies’ ges, nmovelty fur trimmed; $30 Ladies’ Co plush, all with belt or flare; worth New model $7.50 to $10 Men’s, Young Men’s, Boys’ Suits, Shoes, Hats and Furnishing Goods, Main Floor. Bargains for Saturday. Women's Sh shades worth Men's Union Come see. Suits, tailored; poplin, ser- styles, Hats for fall; New Silk Dresses, nlls shades; worth to ]5 colors and two tone; best that money can buy. AND cloth, $ worth to 20 98 full Trimmed worth oes, all Suits; th.ssc 98¢ THE STORE FOR THE PEOPLE