Omaha daily bee., 1921-04-20
Expects Trade
Revival at End
OF Fiscal Year
,sadge Lovett, Chsirman Of u.
P. Board, Makes Predic-
ton After Trip Through
West.
BY HOLLAND.

BY HOLLAND.
Judge r. S. Lovett, who is chair
man of the board of the Union Pa
cific railroad and is man of unusual
discretion, always measuring his
word. has told his friends in New
York that the reasons are excellent
for expecting a renewed activity in
trade beginning at the end of the
present fiscal year. That, perhaps,
is the most interesting OF any OF the
statements made by Judge Lovett
after his return from his prolonged
tour of inspection covering the en-
tire section OF the country which
I the Union Pacific railroad serves.
\ Others have ventured to predict
return OF business activity at the
close Of, Or Immediately following.
the end of the present fiscal year.
But in almost every case the pre-
diction was made by men who were
reluctant about making statement
OF this kind in any other way than
impersonally.
Why Judge Lovett11ixes the first
OF July as the date WI lh will iden-
tify the beginning of great business
activity. he explains by. referring
to the crops. Report has been made
in this column recently OF the re-
turn to New York of business men
who have been visiting many sec
1sUns of the country and especially
the great agriculture belts.
Farmers at Work.
All spoke of the evidences with
which they met everywhere that the
farmers are beginning the cultiva-
ton of the soil with energy and
without any attempt to curtail acre
age. This activity justifies, in their
opinion, the view taken by these
business men that if the weather be
benign we may expect this years
harvest which will average we'll with
1.-THE best harvests Of any other year.
Judge Lovett has confirmed the re-
s0fss few ~hls days aso se by 9Ft these business men
He has personally discovered. SO that
he IL competent to give testimony as
1t is now possible to forecast. 10 better
il The mid,sprn.. The asF,ssst;; ;,.s sers; 3;
last last Year. W but probably greater. Aithoush
the farmers have been passing through
ns been tSe o e oSsr
nevertheless they have. their surplus grain
in. storage awaiting the time when they
been able to command for some months.
Good Business VIII Continue.
Another point which was made by
Judge Lovett was in full agreement with tn |
hs other leaders IN our n
dustries and transportatfo tfon systems. For |
he believes that when tie business ac- |
continued at least throughout the year.
Judge I.ovetts views are spoken OF as
M h' es Wien e tie
ness depression. For he holds that this |
depression 10 .momentary and represents
8 davs and also the year. succeed |
Sng the signing of the armistice. TEe
ablest men believe that this Is no time
ins evidence that tEe railroad workers
will be willing, to accept the reduced
scale Of wages. Lower prices for ma
costs will aid the railroads; BY mid
summer the whsle situation Will be much
brighter and very likely before the sum.
SAn is over the European situation VIII
'bs cleared up.
Another Distrlbution ,of Wealth.
Emily +. Southmayd Is to- be included
in the list OF those who possessed great
wealth and whose estates have been dis
al ana religious institutions. Mrs. A. A.
Anderson, who died few weeks ago, |
be9ueathed some $5,oeeooo to various In,
.s,tut0ns G. sos nyoSsss whs,s w,
apart s2,oeo,ooo to be distributed among
various Institutions, educational, prilanthro-
pic and religious.
Miss Southmayd. wi1ose will was offered |
for probate Z day or two ago, bequeatked
te,625,000 to various Institutions. There
fore, within . few weeks. nearly $40.
zoe, 900 OF wealth which was accumulated
within the past so or 20 years has been
distributed chiefly to educational and phil
anthropic institutions.
Miss soYthmayd Inherited the estate
which was laccumula.ed by her brother.
Charles F, Southmayd. who was for many
years a member OF ne law firm. one OF
whose partners was William N. Evarts
and another was Joseph H. choate, Mr..
Southmayd was unmarried ana made his
home with his sister.
Made Safe Investments.
Mr.. Southmayd, after his wealth began
10 increase greatly, decided not to make
anv investment Of It in industrial cor.
poratton or railway stock or bonds. His
Ions experience had taught him that there |
might be some danger In making invest
ments of that kind. Therefore he con-
verted his money into government or state
bonds. being somewhat Indifferent about |
curities carried as compared with the |
standard rate upon high grade stocks. He
coveted peace OF mind and knew that II
his several millions were invested In gov-
ernment and state bonds he would have |
no cause to worry. Probably in the dis- /
trihution OF the property in accordance |
With the will of his sister the bequests |
will be made. in the form OF government
fo- state bonds. Mr.. Southmayd agreed |
with the late ex-Judye Dillon, 20 far as /
Inv estment Of personal wealth was con- |
sScerned. Judge Dillon looked with favor |
upon Investment. not only Of his own |
wealth but that Of his clients. In gov-s
eriment bonds. often advising his clients |
NOT to receive stocks or bonds In payment |
o. obligations but instead of that cash, |
which then could be invested In govern |
ment bonds.
Chicago Live Stock.