Omaha Daily Bee Newspaper, December 7, 1916, Page 2

s AR e i " Adoo’s annual report of the govern- | ¢ ance of $115,000,000 in the general 3 | ' coming fiscal year 1918, exclusive of ¥ | ! tions, at $1,278,021,000. The ordinary | receipts for the fiscal year 1918 he es- . timates at $995,550,000, which is $282,- | pense. | national defense carry the estimated i H ing to a close, the secretary reports i ! est confidence for the future. “During i { i { | | i ! the general fund of $185,000,000. " in the United States or in any other years { the value of the federal reserve sys- our great prosperity could not exist of vault and other reserves to federal 2 M'ADOO PREDICTS LARGE DEFICIT Shortage in General Fund at End of Coming Fiscal Year Will Be $185,000,000. STOCK OF GOLD IS LARGE Washington, Dec. 6.—Secretary Mc- ment's finances, presented to congress today, estimates that the fiscal year ending June 30, 1917, will show a bal- fund, but that the figures a year later —]June 30, 1918—will show a deficit in Preliminary estimates place the cost of conducting the government for the the postal service, which is expected to be self-sustaining, and other deduc- 471,000 less than the estimated ex- Estimates of large expenditures for outlay beyond the estimated income. For the fiscal year 1916, now draw- great prosperity and expresses great- the last year,” the secretary says, “the prosperity which set in so strongly during the fiscal year 1915 has grown in strength znd volume and is now widely diffused throughout the United States. . Fundamental economic con- ditions have never been more sound. In all lines of industry efficiency of organization and production have reached the highest point in the coun- try’s history. General confidence in the future, healthful enterprise and de- velopment have been marked charac- | teristics of the year. United States Creditor Nation. “The finahcial strength of the United States—the grcaku;. in our history—gives us a commanding - !io:flg world finance. We have n:\ ! transformed from a debtor into a creditor nation. On November 1, 1916, the stock of gold coin and bullion in the United States was estimated at ,700,136,975, an increase of $714,597,- in the last sixteen months. This is the largest stock of gold ever held country of the world. Through the operations of the federal reserve sys- tem and with our abundant supply of gold as a basis, the credit resources of the United States have become more than sufficient for home demand, and'we have been able to finance our great domestic and foreign trade with- out strain and to extend vast amounts of credit to other nations throughout the world. Reserve Praised System, “The experience of the last two has brought into strong relief tem. It is not too much to say that without it. The usefulness of, the sys- tem has been broadened recently b;' “the amendatory act of September 1916, which renders it more attractive to member banks and increases the scope and services of the federal re- serve banks. Due to the transference ks, authorized by the origi- 4 nal act and amendatory act, the re- 'l % serves held are over $400,000, and, in addition, more thm'SZJO,&I), is . notes. About one-fourth of the coun- ‘sources of said banks are now more $650,000,000, while the total re- eld by federal reserve agents as spe- ial security against federal reserve ’s stock of gold is thus mobilized the hands of the federal reserve banks and agents. “The increasing strength and effi- ency of the federal reserve banks ave enabled them to enlarge their di- t service to the business commun- ty through the introduction of a defi- ite and comprehensive system for par clearance of checks through- banks have continued hout the year, and most of their market paper, consisting ly acceptances growing out of for- ‘eign trade, has been taken below a 214 per cent basis. ‘Rates of interest throughout the country have been re- duced ku:: established with great ad- | vantage to the business of the coun- Meets Unusual Demands. “It would have been impossible to our vast domestic and foreign without the facilities provided by the federal reserve system. Not only has it met the normal and ex- | traordinary needs of business, but it ‘has established confidence securely. _——— e 0 Only One “BROMO QUININE.” To get the genuine, call for full name, BROMO QUININE. Look for E. W. GROVE. Cures a Cold Business has been able to go forward without apprehension and the several crises which the country has faced in its international relations during the past two years have been accompa- nied by no disturbances and have caused not even a tremor in the finan- cial world. The crops of 1915 and 1916 were financed without difficulty and to the great advantage of the farmers, and the industrial troubles which at one time seemed imminent, because of the threatened railway strike last summer, were not accom- panied by the slightest financial un- casiness. Happily the country has been at peace and business and en- terprises have had the largest oppor- tunity for favorable development un- der the most auspicious conditions. “If we make intelligent use of ouyr great power and exceptional financial resources we can cope successfully with any condition the future may de- velop.” \ Too Many Public Buildings. One of the features of the report is a discussion of present methods of constructing public buildings. “I am convinced,” says the secre- tary, “that the methods pursued by congress for the past fifteen years of providing federal ' buildings through so-called omnibus public building bills have resulted in the con- struction of many public buildings in small towns and localities where they are not needed and at a cost which is clearly unjustified by any actual requirements of the communities in which they are erected. The con- clusion is irresistible that authoriza- tions for public buildings in these small communities are too frequently dictated by local reasons and without regard to the best interests of the government. The most serious as- pect is this: The annual operation and maintenance of these buildings im- pose on the treasury a permanent and constantly increasing burden, “Common sense and business judg- ment would seem to demand that structures for the transaction of gov- ernment business should be author- ized only in localities where they are imperatively needed, and that build- m?.shoul not be erected where no public necessity can be shown. This result can be accomplished by divorc- ing the public-building question from all local or political considerations and authorizing no public buildings until a thorough am}J intelligent in- vestigation of each proposed building or project has been made to this de-|? Kartment and a full report thereon | as been submitted to congress. If such reports were followed by the in- troduction and passage of separate measures to cover each proposed building project the abuses and evils of the omnibus-bill method would be eradicated.” \ War Risk Insurance. The Federal War Risk Insurance bureau, Mr. McAdoo says, should be extended a year to September 2, 1918, since congress might not be in ses- sion next September and it would be impossible then to continve the work if the European war.is still in prog- ress, and serious injury to American business might result. The report says up to November 17 nearly 1,700 policies were written by the gnruu, with total risk of more than $14,610,- 000 and losses amounting to 3835,9 X remiums received amannted to éf- 42,525 b4 In speaking of customs revenues, which increased about $3,400,000 over the previous year, the secretary says the European conflict is still interfer- ln, with such receipts, i “Before the breaking out of “t:e uropean war,” says the report, “the amount of the collections indicated clearly that under normal conditions the present tariff will produce all the revenue it was estimated it would produce at the time it was drawn, and since the war the receipts under the tariff bill have been all that could be ex?eeted under the present condi- tions.” Mr. McAdoo points ont that for the ear the value of imports was about L&‘OOO.W greater than the previous J. Bozarth, Clyde Stephens. Nebraska. southern boundary. Harry'Masters Named in Louis Berger’s Big Suit|_ M- Harry A. Masters, the Omaha garage, 2010-16 Harney street, is named defendant in a $25,- 000 damage suit brought by Louis Berger, who alleges that the garage man_ attacked him on November 29, “inflicting permanent injuries.” The attack was made while he was remov- a car from the garage, the plain- tiff declares. | Obituary Notices. | MRS. MARGARET LORANG Tuesday at the home of her son, || John Lorang, at Laurel, Neb., aged 87 | }% Her husband has been dead 1‘ The family came from Germany, and after living for a time | at Dubuque, Ia., located on a home- fi = S $1.75 and $2 Gloves years. some years. county, home. of this city. THE BEE: OMAHA, THURSDAY, year and those of exports $2,768,589,- 340 greater. Anti-Narcotic Law. Congress is asked to amend the anti- narcotic law, in view of the supreme court interpretation of the clause re- lating to drugs in possession, and to provide funds to care for drug addicts through government treatment. “To cut off suddenly the supply of drugs without curing the addict of his | — cravings or making any provision for the amelioration of his says the report, “is not only inhu- man, but encourages evasions of the law.” Appropriations are asked to enable the public health service to prosecute investigation of and for the aviation section of the coast guard, authorized but given no funds by congress. The report concludes with a sume of operations of the various bu- reaus in the Treasury department. Farmers of Pine Bluffs Organize Loan Association Cheyenne, Wyo., Dec. 6.—(Special.) —The first Farmers’ tion to be organized in Laramie coun- ty and one which will include a num- ber of farmers residing in Nebraska, has been formed in the Pine Bluffs district, forty miles east of Cheyenne. The association has an initial mem- bership of twenty-five and $40,000 of its capital has been subscribed. president of the new association is Stephen Hames; vice president, A. J. Droesler; acting secretary, George L. Nelson, and these, with the following, constitute the board of directors: J. Henry Wisworth and The association’s territory comprises the castern por- tion of Laramie county from a line about thirty miles east of Cheyenne, and extends about one-half mile into The Colorado line is the infantile stead north of Laurel in 1874. children survive her—John Lorang, Mrs. Willlam Horan and Margaret Lorang, living north of Laurel, and Mrs. John Leetch of Crawford, Neb. Bhe is also survived by forty grand- children and fifty great-grandchildren. Never in her long life did she require the services ?t a physl:ian until dur-| by ing the last few months, il S DIETRICH SCHINDLER, one of||[f and street wear, white the best known ploneers of Otoe ||i died at his home south of |} Nebraska City Tuesday morning after | J'ii an {llness of several months of stom- ach troubles. Mr. Schindler was born | (i in Switzerland, July 10, came to America with his parents in |} the late '50s after a voyage of sixty || days, landing at New Orleans. I family then came by boat to Nebras- ka City and located on a farm near this city. He later resided in Arkan- sas, where his father was killed by bushwhackers during the war. Schindler county, where he had since made his He engaged In farming and became wealthy, owning land in Ne- braska, Kansas and Texas at time of his death. He leaves a fam- ily of five sons and three daughters. He was a member of the Elks lodge || His body will be taken F‘ to Omaha Friday where it will be|}! cremated. 1843, then returned sufferings,” paralysis Loan associa- The roprietor of died Four and [l The Mr. to Otoe the KING I§ TRYING T0 RECONSTRUCT OLD COALITION (Continued ¥From Page One.) there was no reason to believe Mr. Lloyd-George had any ambitions for i the task. The Guardian, which sup- ports Mr. Lloyd-George, says that in | a letter to Mr. Asquith he took the | stand that a man could not act both as | premier and as a member of the var | council which would have to sit| morning and evening and deal with “the terribly urgent” war problems, | The hope is expressed generally | re-| that an election will be avoided on ! account of the delay and of interfer- | ence with the business of war. Should an election become necessary, it will be held under a three-year old regis- ter, so that 4,000,000 new voters would be disfranchised. Predict Asquith’s Return. Whether Mr. Lloyd-George, whose action led to the disruption of the coalition government and the resigna- tion of Mr. Asquith, would have any greater success in forming a ministry than Mr. Bonar Law is a question which has not been answered. Politi- cal correspondents predict that Mr. | Asquith will be back at the head of | the government before many days. | Mr. Asquith takes a majority of| the liberal ministers with him in his | retirement, Mr. Lloyd-George being assured of the support of only Her- bert Samuel, the home secretary; Ed- win S. Montagu, minister of muni- tions; some of the junior ministers, including Dr. Christopher Addison, parliamentary under secretary for mu- nitions, and of a small section of the party known as the “ginger group.” It is not believed probable Mr. Lloyd- George would have any more suc- cess with the labor members than did Mr. Bonar Law, the parliamen- tary correspondents say, while the attitude of a large part of the union- ist party is doubtful Bonar Law, Sir Edward Car- son and the earl of Derby probably would act under Mr. Lloyd-George, DECEMBER 7, 1916. Practical Christmas Giving Christmas is coming and the Christmas spirit is already with us. Many people want to spread good cheer, but don’t know just how to do it. The Bee provides opportunities to do Christmas good that will have PERMANENT RESULTS—opportunities to help un- fortunate families get on their feet, especially families where there are helpless women and dependent children. The Bee describes today three cases, all thoroughly investi-| gated by the Associated Charities and pronounced deserving IN EVERY RESPECT. Other cases will be described from day to day. The cases are designated by numbers instead of names | so as to save those concerned from humiliation or embarrass- ment. All of them are such desperate cases and so thoroughly worthy that the appeal is sure to meet quick response from the | big heart of Omaha: 1. Mother and eight children. Boy 13, girl 12, girl 11, boy 7, girl 6, boy 4, boy 2 and baby 10 months. Father has been sent to the insane asylum as incurable. Mother ill from worry and trouble. Unable to work on account of small children. Shoes, clothing and provisions are needed. 2. Widow in last stages of tuberculosis. Two children, girl 13 and boy 8. Father died of tuberculosis a year ago. Mother’s health ruined by heavy work trying to support family during father’s illness. No income. Need rent paid, food and warm blankets. 3. Man and wife. Woman ill with cancer. Man has broken arm. Relatives unable to aid. No income. Need rent, food and fuel. 5 Those who want to help can send money or goods to Mrs. George W. Doane, secretary of the Associated Charities, 1716 Dodge street, or to The Bee. as they supported his ultimatum to Premier Asquith regarding the for- mation of a smaller war council. No Dismay Among Liberals. The Westminster Gazette says Pre- mier Asquith’s resignation was not 5 received with any dismay in liberal Blaze in BrOOklyn circles. A majority of the party| New York, Dec. 6—Fire in the warmly approved his decision and|business district of Brooklyn today was prepared to give a unionist ad-|destroyed the four-story brick build- ministration a fair chance if one were | ing occupied by the Flatbush Storage formed. But it predicts that any mi-|company, burned part of the structure nority government would have a pre- | housing the piano factory of Free- carious existence. The Gazette con-|born G. Smith and slightly damaged tinues: adjoining properties, with an estimate “It may well be that Mr. Asquith |loss of $500,000. One policeman was will as the result of the crisis be sum-|injured. The collapse of a wall led moned once more to the palace to|to a mistaken report that six firemen form an administration which would [ were killed. have the advantage of commanding a majority in the house, which no other administration seems likely to be able to obtain.” Half Million-Doilar ALLEGES PACKERS CORNERED CHEESE | Wisconsin Maker Charges They Nearly Doubled Prices on Stock Bought in Summer. BURKE URGES AN INQUIRY | Py . Chicago, Dec. 6.—Anticipating an attack on the alleged concentration of the packing industry at today’s | session of the national conference on marketing and farm credits, high offi- cials, including Arthur Meeker, gen- eral manager of Armour & Co., at- torneys and others representing the | big packers were present today. “I am here as a listener only,” Mr., Meeker explained. | The first attack came from Henry | Krumrey of Wisconsin, an official of |a co-operative cheese makers’ associa- | tion of that state. : “The packers are constantly in- creasing their hold on the food situa- tion,” said Mr. Krumrey. ‘“Last sum- mer they went into the cheese busi- ness along with the speculators who are customarily in the market. They bought up practicallv all the cheese in sight at an average of 1334 cents a | pound. Wholesalers are now selling | this same cheese at 26 cents. The retailer has added his profit and the | effect on the public is bad. | F. L. Burke, a live stock man of | Omaha, urged an investigation of the whole live stock industry by the fed- | eral trades commission. W Al{. Par- ry, representing the commission, was among those present. | Amendment to Siéb ‘ Betting On Elections [ Washington, Dec. 6.—Prohibition of betting on elections was proposed |in an amendment of the corrupt prac- ! tices bill offered today by Senator Kenyon, republican, of Towa. Betting would be made punishable by a firfe of $500 for each offense. THOMPSON. BELDEN & COMPANY Thursday $1.49 ‘A timely special is of- fered; styles for dress and colors, all sizes 51% to TV4. $1.75 and $2 qualities For $1.49 a pair. Linen Pilk;-v Cases for Gifts— individual pillow cases. i Cases, 75¢c each. dividual Cases, $1 each i —_— $100 $500 $1000 which we have develop- ed in thirty years of! experience. Toilet rticles. In Sterling Silver, Ivory er Plated. Ryan Designs, Quality and Price RYAN JEWELRY CO., Rose Bldg., 16th and Farnam. SITTINGS ' Made by Appointment | Before December 20th Will Be Ready for Xmas THE Y Heyn Studio § 16th and Howard. Dm‘.mwmmé g PETERS TRUST CO. HOW NEAR CAN WE COME The 20th Century Question TO PERFECTION? asked by the public of every professional and business man is: “Are you doing everything humanly possible to give me the very best there is to give”? Personally, we say yes to this question and our hundreds of patients agree, often stating their opinion in letters praising our service. We guarantee our work, something not every dentist WILL do, and we employ the latest, most efficient equipment, something not every dentist CAN do. We demand of ourselves a stan- dard as near perfection as human effort can come, and have done so during all the twenty-eight years of our ° experience in Omaha. We are only satisfied when our patients are more than satisfied. 708 City Nat'l Bank Bldg., 16th and Harney, Oraaha, G. D. Shipherd, Mgr. Office Hours, 8a.m. to 6 p. m. “——=BAILEY THE DENTIST Dr. R. W, Bailey o ——— BONDS Yielding 54 to 6 Per Cent We are offering a well diversified list of safe first mortgage bonds. Each issue is secured by improved real estate and has been protected by the definite system of safeguards i The Family Hose i Prevents Confusion marking. ender, pink and blue. 50c a pair. [ — New Challis Bright and Different a yard. —— Toilet Water, cordial. 3 $1.00 to $3.50. Embroidered and plain, The plain H. S. Individual || The embroidered H. S. In- Every member of the family has a different col- or top; no chance for mis- | takes, and no need for The hose itself is a fine black lisle with tops, heels and toes of lav- They came in during the past week and make a delightful showing in i both light and dark col-. ! or effects; 49¢ and 75¢ - The Best Toilet Waters For holiday gifts we | suggest a bottle of fine knowing | that its reception will be | [ | Scores of odors, 50¢, 75c, | Sufficient Silk for a Waist or Dress A Gift Indeed The largest and most choice selection of really fine quality new novelty silks in the city and at reasonable prices, too. $1.25, $1.50, $1.75, $2.00, $2.25, $2.50. The Loveliest Gifts from One Woman to Another Embroidered hand-sewed gowns, skirts, corset covers, combinations, chemise. Beau- tiful, practical, an ideal gift. Women)s Gowns of fine nainsook, slip-over style, with kimona or set-in sleves, square, round or V neck, $3.50, $4, $4.25, $4.75, $5, $6.50, $7, $7.50, $8 and more. —/— e e L0 : o emien. cand | atvelpe | Trimmings Disclose | These New Effects Paisley and Bulgarian trimmings in bandings and New Heatherbloom Petticoats ¥ motifs. Distinctive patterns and styles, each in a Christ- Dull gold banding and or- mas box, naments, for lamp shades. atin o $2.05 Spangled and bead trim- Basement. mings. Rosebuds in all colors. Hand Made Ribbon Novelties Display a great amount of originality and distinct- iveness. One must necessarily see the showing itself in order to appreciate the novel designs. Four articles are pictures: A vanity jar, a vase, a pin cushion and a guest’s vanity. Each is made over glass, which is covered with gold lace and decorated with French rosebuds and ribbons. A decided novelty. Orders taken for the above; also ribbon bags, beaded and brocaded effects, slipper bags, boudoir caps and slip- pers and bows for lingerie. Nebraska 411 South 16th St. COAL FROM THE CAR We have a car of SUNBURSTS SMOKELESS LUMP, which will be in today. We will deliver this excellent Semi-Anthracite Coal right from the car, unscreened, for $9.00 A TON. Order now. Fuel Co. Phone Douglas 430. If you want good help put your ad in the “Help Wanted” column of The Omaha Bee. Phone Tyler 1000 Persistence is the cardinal vir- tue in advertising; no matter how good advertising may be in other respects, it must be run frequently and constant- ly to be really successful. Suggesting Haberdashery for his Christmas Handkerchiefs Gloves Silk Pajamas Hosiery Silk Shirts Reefers Bath Robes Belts, Buckles Vestograms Umbrellas The Men’s Shop To the left as you enter. A Gift Good Every Month of 1917 | I } ‘ McCall’s Magazine will bring fashion news every month. The cost is but 50c for the whole year. i Basement. Women's Union Suits A fine ribbed cotton fleeced union suit, low neck, no :H sleeves; Dutch neck, elbow [ sleeves; high neck, long i i sleeves; all styles ankle length, $1.00 a garment. —_— HaveYo;I;repared Your Gift List? For those who have and those who intend to, we advise a visit to the won- derful Section of Novelties from the Pohlson Galleries A line of gifts so dis- tinctive and likable," al- though moderately priced, that choosing is a real pleasure. Art Needlework Third Floor —————