Omaha daily bee., 1912-04-04

BURLINGTON
liminary hearing and been held to the
district court.
The Lincoln Telephone and Telegraph
company. which recently bought the Bell
property at Fairbury. has made a propo-
sition to the local Independent company
to buy or sell at an appraised valuation.
Would Build Packing House.
A special meeting of the city council
has been called for tomorrow to act on
the petition of the Union Meat company
of Sioux City to erect a packing plant
in this city.
George Talks of Bond Deal.
In regard to criticism made that State
Treasurer George had bought bonds Of
the city OF Wymore from former Treas
urer Brian and other Lincoln parties in
stead Of buying them fro mthe city
direct, Mr.. George toda ysald:
THE city of wymore never made any
application to the state treasurer for the
sale to the state OF its $1,000 bond issue,
but MIR. Brian filed his application with
the state treasurer for the state to pur-
chase 5000 Of wymore bonds. said ap-
plicatlon was filed as No. on the appli-
cation list and when that number was
reached on the list in the regular order
Of purchase of bonds, these bonds were
called and paid for. These bonds draw
interest at the rate OF per cent and
are optional after five eyars from date,
and were purchased at a rate to the
state Of 40 to the sptional payment date,
after which date the state wa sto re-
ceive per cent interest.
These bonds would have been pur-
chased from the city Of wymore on the
same basis had application been made by
the city and the city been content to
wait until the funds available for the
purchase Of the bonds had been sufficient
to allow their purchase.
THE $1,000 Of bonds were purchased
all at one time and paid for on April q,
1911, $1,000 and on MaY2, 1911. $500.
consider these bonds tirst-class invest
ment at very attractive rate. Bonds
were purchased at that time at rates
from ~ per cent and up. Since July /.
1911, but two rates have been used-4ii
and per cent. All bonds purchased I'M
der the direction of the oBard of Educa-
tionai Lands and Fundssand that board
authorizes the rates at which they are
purchased
why Brian Bought.
Mr.. Brian, in speaking OF the matter.
said that himself and secretaries bought
bonds because the city of wymore had
obligations maturing for material which |
must be met Immediately, and there was
no other purchaser In sight who was
ready TO advance the cash. The issue
had originally been sold to Des Moines |
firm at par. bearing per cent, but when |
delivery time came the purchasers were
not willing TO take the bonds.
He and associates bought them. but |
instead Of getting them at par for per
cent they agreed to take them on 81 |
per cent basis, the difference in interest |
being made up by detaching coupons.
In addition accrued interest coupons
were detached. They carried the bonds. |
some Of them for sixty days and some /
for thirty days, without interest before |
they were sold 10 the state. II was a
question with the city of Wymore Of get
Ting the money when they needed it.
Nels Hansen, food commissioner. and
Chemist Redfern Of the food department
have returned from Manhattan. Kan.
where they have been investigating the
Kansas way OF inspecting cream. In that
state cream is graded for quality as well |
as for butter fat contents, and as a re-
suit those who have good quality Of
cream get more money for IL, and the
plan stimulates producers to get cream
to market in the best possible condition.
This has raised the grade of Kansas
butter
He will recommend legislation to the /
next session TO put the same plan In
operation in Nebraska, believing it win
not only operate TO the direct benefit OF
cream producers, but raise the grade Of
Nebraska butter and bring indirect bene-
lit TO all connected with the dairy in
1ustry. Under present practice in Me-
brasks flat price is paid for so much
butter fat, regardless OF quality or eondi-
Hon In which It Is delivered.
shuris Making Tests.
E. L. ShUrig is making some expert
nents for the state to test the fuel value
81 the different kinds OF coal purchased
b. the state. the relative efficiency of
hand and automatic stoking Of furnaces
ando the reative efficiency of the men in
control OF the various PLANTS operated by
The state. lie has now visited a major
portion of the state institutions and
within few weeks expects to have some
nte. esting statistics to submit TO tn.
Board Of Public Lands and Buildings as
he result of his Investigations.
Taft Autographs Received.
-Four thousand autographed portraits of
President Taft have been received at the
local headquarters and are being mailed
put to all parts OF the state. SeSssttg
Currie this morning received the follow
ing telegram from Secretary W. B. Nc
Kiniey.
Secretary Fishers movements uncer-
tain because Of Illness in his family, but
will make Omaha the twelfth and Lincoln
the thirteenth II condition Of his children
will permit"
Briggs Friends Act.
The following memorial signed by
about 40 rsidents of South Omaha has