davidaulloa/AmericanStories huggingface dataset:
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28
GEORGE W. STERLING.
Biamcs Federal Reserve Board.

York. Neb.. June 24.-To the Ed
!tor OF The Bee: Recently I read a
newspaper article containing a quo
tatlon from tho New York Post ad-
vocating the reappolntment of Gov
ernor Harding OF the federal reserve
board.
Now. before that should be sane
toned by the people they should take
into consideration q number Of very
important facts.
First Of all. under the present sys-
TEN OF finance. the government Is
responsible for the banking system.
and has been ever since the federal
reserve bank law became effective,
which was some time In 1913.
For number Of years the old
system OF banking In the United
States was regarded as haphaZard.
No one was really the responsible
head Of our finances. The comp
troller Of the currency and the Sec
rotary OF the treasury tried to man
age as best they could in times of
financial stringency. Some Of our
best statesmen and financiers work.
ed for many years to, devise system
Of banking that would overcome the
PVVVi W w stiSVt " ptbho dpouS
stringent times at its will.
As I recall. there was a committee
appointed by congress. OF which Sem
ator Aldrich was chairman, to bring
some relief for an intolerable condi-
ton. They originated what was
known as the Aldrich bill during the
latter part of the Taft administra-
ion. 1t was defeated by small vote.
A great many democrats as well as
republicans voted for the bill. When
Mr.. Wilson was elected president he
think In his inaugural
address, the idea Of federal reserve
bank. the purpose being to transfer
he control of our circulating me-
lium from Wall street to the govern
nent. This was the Aldich plan,
and clothed with presi-
lential authority. I think In the
President Wilson delivered
| special message on the subject.
1t was advocated by great many
people that there should be estab-
ished a central bank. but a majority
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28
NOT ALL PLAY FOR MR.. TAFT.

Most of the news that reaches America concern
ing Chief Justice Taft's visit to England concerns
his social movements, most of them taking place after
nightfal but for all that the daylight hours witness
his more important activities. Mr.. Taft is to report
in August to the American Bar association meth
DDS by which unnecessary delays in litigation be
obvated. To this end he is studying the British
court system.
The greater freedom and power of British judges
he finds results in elimination Of techncalities and
thus in speed. cablegram to the Philadelphia
Public Ledger reports that he has first interested
himself in the functions Of official known as "the
master of the court" This officer has power to re-
quire the prospective litgant to make affidavit that
he honestly believes he could prove the charges and
sits the cases, in many instances arranging COM
promises, thus keeping the court dockets clear
"One situation which l Investigated" Mr.. Taft
said, showed that out of 1000 presented less
than 600 ever reached the Judge or jury, and they
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

| EdWln GRANT cohhun ~ Tale Review,
II society had deliberately sci
about the propagation OF the unfit
II could hardly have devised more
effective means than many of those
which are now In vogue. Frequent
wars have taken the best blood OF
the nations. and, while casualties In
modern battle are more or less In.
discriminate, soldiers represent a
selected group. Those who 20 TO
war are usually the young. the
strong, the capable. while the weak.
incompetent and degenerate are left
behind as unfit for military service.
Furthermore. these casualties must
he doubled when their influence on
the race II considered. for In general
every man killed leaves one woman
minated for life. A. a result OF the
last war millions Of women can never
marry or have children-among them
women OF the best human stock the
world Possesses thus the race
Is made poorer for nniny generations
TO come. Enforced celibaey in many
religious orders and societies Of
scholars has led TO the extinction Of
some OF the worlds most gifted lines.
The present customs OF mate selec-
ton condemn any OF the finest wo-
men In the world to spinsterhood,
while the feather-brained and sexu-
ally-daring "flappers' readily find
mates.
On the other hand. personal am
billions and selfishness. the preva-
lence OF prostitution and Illicit sex
ual relations. the fear of misalli-
ances, divorce and alimony are po-
tent causes OF bachelorhood. In
both cases the results are that many
Of the best human lines are wiped
out. Finally. luxury. soft living and
have made children un-
welcome among many married peo-
pie who have shown qualities Of sue
cess In life and whose hereditary
rats are above the average. Under |
,uch conditions the general average |
II intelligence and social fitness In |
he race as a whole must inevitably |
decline.
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

wss opposed 10 II. As q counter
plan they advocated the establish.
ment OF a number Of financial cen
tiers. and this was done, That
brought about the creation of the
federal reserve banking system,
which established 10 federal reserve
banks, The Idea clearly In mind was
that this plan would divide the eoun-
try into 10 commercial financing
systems. with the necessary directors
for each of tho regional banks nt the
same time establishing a board OF
directors TO control the system. or,
in other words, an executive board,
Little did they realize that the
board they had created was 20 con-
solidate the management into one
body. Just the same AZ one bank. II
was made easy picking for Wall
street. ~ was truly said by John
SHELTON williams In his speech and
afterwards in his testimony before
the senate committee on finance,
John SHELTON Williams was comp.
troller OF the currency and was a
member OF the federal reserve board
for eight years under tho Wilson ad.
ministration. lie had been In posi-
ton TO know what he was talking
about. lie made n statement In his
speech. and also under oath. that
five banks In Wall street had bor-
rowed more money from the differ
ent federal reserve banks than all
the agricultural and live stock inter
est together" The agricultural and
live stock interests represent So per
cent OF the assets OF the United
States. Mr.. williams opposed these
loans, but he was In the hopeless
minority. Harding and his colleagues
carried things high handedly. The
result was that the money that should
have been used In the west was seq
regated in Wall street, as II was In
1907, and the federal reserve board
Is responsible for forcing liquidation.
They must not try to put that re-
sponsibility on the regional or the
local banks.
Early in 1920 an edict was issued
by the federal reserve board that
liquidation take place. and l know
of several cases where the regional
banks absolutely refused to renew
paper OF borrowing banks and de-
manded that large element of theft
borrowing must be liquidated. In
several cases the banks were unable
to meet their liabilities and the
Federal Reserve bank charged them
to the account OF the borrowing bank.
an overdraft and compelling
them to iiquidate. SO there was
nothing left for the local banks TO
do but to compel their borrowers to
put their stock an the market i'm
At the saNe time the men
who usually buy cattle for feeding
purposes were unable to get money
to buy the stock. The result was the
stock in many cases went to the
slaughter far In advance of maturity.
Over IS per cent Of the cattlemen
and about 75 per cent Of the tenant
farmers Of the country are insolvent. |
Senator Glass. at one time a men,
Der Of the federal reserve board, and
who resigned to become senator from
Virginia, Il the only man l know of |
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

who has had the nerve TO defend the
federal reserve board, Before tho
senate. In January. is22, he Is quoted
20 have said that the federal reserve
hoard funetioned with great skin and
was largely responsible for the sue
cess OF the world war" That was
true So far ss II goes, but some wise
man years ago raid that the truth
only half spoken II worse than
falsehaod." and that remark Is APP
plleable in this case, Later IN his
speech he furnished some statements
from the federal reserve board show
ing that during thu period OF de-
flation they increased the federal re-
serve notes In circulation about
500, 900. 900. and tho paper held I'M
der discount about 00.000000, lie
leaves his audience In tho dark. how
ever, rs to who got the benefit OF
this, The real facts are that Wall
street got the benefit-another case
OF the truth half spoken.
There never was n more pernieious
crime committed against the Ameri-
can people than the action Of tho
federal reserve board during tho
years 1890 and 1921, II has caused
many suicides and brought about =
depression that Will take many years
OF sound financial experience TO re-
cover.
Now. my remedy for this financial
trouble would he the election OF n
federal reserve board by districts.
and. II that cannot be brought about.
repeal the law and try something
else. for the country cannot stand
another financial disaster like the one
we have just passed through. Look
ing NJ II from n political standpoint.
Il behooves our congressman to law
aside all rtisanship and assist the
farm bloc in trying to get things
right side up.
was glad to see that Senator
Heflin of Alabama. realizing the
danger In the situation from the
standpoint OF the agricultural inter
ests OF the country. has taken the
matter up before the senate.
want TO say to senators and rep
from Nebraska that
am voicing the sentiments Of 90 per
cent OF their constituents when ! say
thew should offer all the support they
can 10 Senator Heflin and the farm
bloc. not only to defeat the reap
pointment Of Governor Harding. but
10 enact the program OF the farm
bloc. Congress should not adjourn
until II enacts law making monop-
DIV in restraint of trade a Felony
by term In prison. inc
Sherman law is not workable. MO
nopoly is the melting germ OF 95 per
cent OF all profiteering. Legislation
all monopolies. the mergers
Of railroads and that proposed by the
steel corporation recently Is desired.
JOHN DORIAN.
Farmers State Bank.
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

were prepared that the actual court procedure re-
'quired comparatively little time"
II must be recognized that certain changes Of
procedure and the elimination Of red tape 10 nsces-
sary in American courts Too many cases are dragged
along until one Of the parties ceases from exhaus-
ton. II Mr.. Taft brings back some concrete sug.
gsstons, they will be given most favorable hearing
Quick justice will do much to enhance the respect
for law in America.
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28
BEES
LETTER BOX
Another Candidate Heard From.


Omaha, Seb,, June 2s,-To the
Editor OF The Hee; An open letter
10 Mr.. byrum. republican candidate
Tor governor Not having received
an Invitation 10 your conference OF
republican candidates for governor
10 outline their respective positions.
! take this means 10 inform you az
you already are not) that ! too. am
a republican candidate for governor.
and 20 my knowledge and belief am
the nrst candidate for said ONCE.
who has during this campaign.
openly come out against the code bill
and budget law. in fact long before
some or my opponents have even
nled for the nomination.
write this. not because you did
not invite me to your party. but to
inform the public that you are not
the only republican candidate for
governor who opposes the code bill
and budget law. and furthermore
would suggest that every candidate
come out openly and nboveboard
with q full platform showing the
people where they stand, just rs !
have done.
GEORGE w. STERLING.
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28
-OPINION-
What Editors Elsewhere Are Say,no

4
The territories known By the nam.
ot East and West Florida" and thai
MS majesty the emperor OF all IN,
Hhsslas agrees 10 eeds 10 the United
States all the territory and dominion
now possessed by his majesty or
the content OF America" That IL q
say, We acquired the Philippines
Just AZ absolutely. UNCONDITIONAL,
and perma nently ms We did Lou.sl.
ana, Florida or Alaska. The world
SO understood II. ms did our owr
citizens. and acted upon that sup.
posedly assured basis. II now o,
AZ any time We should reverse the
police OF our entire career there
would arise an interesting question OF
our moral responsibility 10 all who
might be injuriousiy affected by
such arbitrary reputation OF a for.
NAL treaty which they had taken a.
the basis OF their dealings and en-
terprises.
-
n Voice for Regulation.
From tho Nebraska City Press.
The supreme court Of Nebraska
passed nm Imror,.r, u,,..,.n. Az.
49,, ' '''"''"e '"e
law was declared 10 be constitu-
uohal Wheh the legislation was
sar ,h. .a onhe,s ioukns u, prooaoIy
n.n ,an"h. ,o 'na' n9wspaper
iish.rs 80 III, ,an, m .'as,.s pun
.a rs,nu s, a"'Ia.s re-
rass st., ' ,,. snip, "uep.ea-
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couid,., n. ,,.s. . .nn ~ anu
heam,,.s 90 80 ,S s s.pIp,,,",' ths
ia mnIorh,adiu ~ W ,,.' su,a.on tha'
hodv 'o nonoa "a '"'Ts 70 every
deaiers a,uavs anh, ,.a n,'Sa pu u1n
will ..i,na 49, Hsn,, '"e ru'eS which
nh. ho,as, 80 ~ ro,s -. III. T.,
"a rann.., p,o". -, "as III
n hnrt ,,hat ha ,htnns y, may Low
man, ~ ma-.nna lin. ,'hau.. an ~ ,n.Iimse-
40 he Gas mha. 800 ~ 90 SUI
Sron' I, he Oil. =, ill.,, h sons
!, haas, MsL ~ I' %u ooooines
wall rsn,a,,han ,,h~a =, NJ. "a"
dic,aa IL 81, ,,n',. ~.
s,,a-.a, ,.n, 'ua,'.s ma. .ne
g., Ia" m'ui NIL su." eSeIy
hava hanna,aa T., ~ -. y. TO-. "o ooa
'vi,ho,. :, so,,,.. NJ PES hsn, w. 's.
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'"'"e' ~ '''''N'
rbc Coun,rv Row. Rot,er Cb.rAe
,,on, ~. ~, 49, w.,
''I 1', ,"' Wv iofh ,, "or'a, -,
1uuse gary vislt'hs Wheaton, ~,
us oiu nolie to"h' sala ihat WINE
ne cou'o give no genera! RUE Ior
success ne wouia ADVISE every
'ouns man 10 get MS stalt IN the
,ountry; II VIII MAKE MN neaNPy'
pmysicaiIy, intediec.uaIiy ana NOR
NY ne saio, anu II gives MIN
better chance.
That is, II you would shine on
broadway begin on Main street. This
$ a main Travelled ROAD TO prosper
~, ana many city celebrltles, II not
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

In view Of the talk about protecting American
labor by tariff, Senator Watson's estimate Of the
value of European and American labor measured by
the labor purchasing power of ounce Of gold is
interesting: United States, II hours; England, so
hours; France, lit hours, and Germany, 200 hours
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28
Different Now.

She was innocent once, unalloyed;
But she took up the writings OF
Freud.
So now when you meet her
And playfully greet her.
No subject you need to avotd.-Life.
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

We take it, Mr.. C. w. Bryan proposes to reform
everything that is out of keller, and continue every
thing that is working WELL Well, he scarcely could
promise less.
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

French novels are supposed to be startling, but
for sheer daring Paul Rebaux take the prize with his
novel which advocates the alliance of Germany and
France, denies the story of German atrocities and
pictures the German as the embodiment Of the most
manly virtues It is said that the French read
ing the book eagerly as they took to that one of
Barbvsse, "Under Fire." during the war.
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28
ARBoR LODGE AND NEBRASKA.

A luncheon scheduled for Arbor Lodge today is
said to contain the possibility that tender will be
made the state Of Nebraska of the homestead tract
of the late J. Sterling Morton, to be dedicated as
state park. In the absence of knowledge of terms
definite discussion of the proposal must be held off,
but it is permissible to suggest that the people of
Nebraska might gracefully assume to responsibility
for the care and management Of the famous Arbor
Lodge property.
Such a charge would serve" to perpetuate a
memorial to the man whose name is so intimately
connected with the history of the state whose
pie and precept of such value in developing the
tree planting spirit among the citizens of treeess
state and whose labor in this direction was of such
rich result. However, the final disposition of the
matter will depend entirely the consideration
sought by the Morton heirs. Generosity on their
part will surely be met by similar spirit part of
the state. When it is known what is expected from
the public, the subject may be dealt with in concrete
terms. As rumor, however, it has attraction.
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

An order has been issued banning the sale of
fireworks prior to July and the explosion of fire.
crackers any day except the Glorious Fourth.
Independence Day is yet week away, but in
the residential districts of Omaha the noises of the
battle front are heard giant crackers, blank
trdges and torpedoes are discharged.
who's going to arrest kid for shooting fire.
works just few days before the Fourth" asked
police captain when several citizens complained.
But this winking at violations of the law is one
Of the for the crowding of prisons today.
study of the boys who persist in shooting fire.
crackers this early in the will reveal many
youngsters unruly in school, the streets late
at night loafng at the corner The child of the
regulated family is not permitted to violate this fire.
works ruling
Youngsters should be taught to respect the law.
Grizzed students and authorities in crminology pro-
fess the younger criminals are the most dangerous
today.
These youngsters who are told it is wrong to
shoot frecrackers before the Fourth and then are
permitted to keep on doing it anyway, merely are
being shown the open door to lawlessness.
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

The TorYto Globe declares that the fight for the
St. Lawrence waterway must 60 on till victory is
achieved. 1t can not be claimed that Canada is
unanimous in its opposition to the project.
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

A fifteen days term in Jail will slow up some of
these reckless drivers for two weeks and day, any
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

Mexican brigands are not helping their country
get into the good graces of the world outside.
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

Sun Vat Sen may be sinking, but he is not q
standing sun.
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

That doubleheader in the First district promise
occupation for the voters down there.
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28

Weight is making congress 90 through motions
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-06-28
IF PARTY LINES ARE ERASED.

While tax reduction continues to be the principal
plank in the platform Of practically every candidate
for every public Office, the Nonpartisan league and
others are actively supporting a movement to wipe
the party circle of the state ballot. They would
apply to all state offices the system now in effect
for judges: Two men would be nominated and one
elected to each Office all without mention Of or re.
gard Tor party afflaton.
In behalf Of this plan, il is argued that it would
divorce state from national politics, that it would
remove the menace Of the party machine. This is
based upon the assumption that conference Of prnci-
pie between national and state governments is un-
necessary, also upon the theory that party machine
is an evil even when directly responsive to the peo
pie through direct primary system Of nominating
not only party officials but party directors.
The subject is not simple as appears on its
face. Without party lines state offices, few will
have the temerty to assert that any party organiza
ton could be manained wping out of state parties
means wipng out Of national parties as well. Party
interest can not be maintained the election Of six
congressman every two years, two senators in six
years and presidential electors once in four years.
The question becomes the elimination of all po-
litica parties. What will result? Men and women
will group themselves together. They do it today
in the primary; they will do it in the election. II
parties be eliminated from the ballot as official enti
ties, we VIII nave series OF groups In their places.
Only instead Of two major partes-to which the po-
ltical organization always tends-there will be
era groups based economic or other particular in
terests
There might be, in Nebraska for instance, q
farmers group, labor group womans group, q
merchants group, a west Nebraska group, an Omaha
group. In the legislature, instead of having two
groups in some degree responsible for the carrying
out Of program outlined by conventions Of dele
gates named by the people at their party primaries
we will have perhaps half dozen groups fighting
for particular interests which they represent
Whether this group system is to be preferred to
party group plan is the question.
The Athena press. [volume] (Athena, Umatilla County, Or.) 18??-1942, 1922-08-18
SUMMONS FOR PUBLICATION IN
FORECLOSURE OF TAX LIEN.

In the Circuit Court of the State Of
Oregon, for the County of Una
tilla.
John Vert and Jessie S. Vert
Plaintiffs
VS..
Christian H. Carlson, sometimes
known as Chris H. Carlson, Defen-
dant.
To Christian H. Carlson, sometimes
known as Chris H. Carlson, the above
named defendant:
IN THE NAME OF THE STATE
OF OREGON:
You are hereby notified that John
Vert and Jessie S. Vert the holders
of Certificate of Delinquency num-
bered 1876 issued on the 9th day of
May, 1919, by the Tax Collector of
the County of Umatilla, State of
Oregon, for the amount of Two and
80-100 Dollars, the same being the
amount then due and delinquent for
taxes for the wear 1917, together
with penalty, interest and costs there
on upon the real property assessed
to you, of which you are the owner
as appears of record, situated in said
County and State, and particularly
bounded and described as follows, to-
wit:
The North Half of Northeast Quar-
ter of Section Twenty-six, Town
ship One South, Range Thirty-five
E. W. M.
You are further notified that said
John Vert and Jessie S. Vert. have
paid taxes on said premises for prior
or subsequent years with the rate of
interest on said amounts as follows:
Years Tax, 1918; Date Paid, May
3, 1919; Tax Receipt Number, 5819;
amount, $2.70; rate of interest, IL
per cent.
Years tax, 1919; date paid, April S,
1920; tax receipt number, 5762;
amount, $4.20; rate of interest, 12
per cent.
Years tax, 1920; date paid, March
10, 1921; tax receipt number, 1859;
amount, $5.18; rate of interest, IL
per cent.
Said defendant, as the owner Of the
legal title of the above described
property as the same appears of rec
ord, and each Of the other persons
above named are hereby further not
flied that John Vert and Jessie S.
Vert, plaintiffs herein, will apply to
the Circuit Court of the County and
State aforesaid for decree foreclos-
ing the lien against the property a.
bove described and mentioned in said
certificate. And you are hereby sum-
moned to appear within sixty days
after the first publication of the sum
mons exclusive of the day of said first
and defend this action or
pay the amount due as above shown
together with costs and accrued in
terest and in case of your failure TO
do so, decree will be rendered fore,
closing the lien of said taxes and costs
against the land and premises above
named.
This summons is published by or
der of the Honorable Gilbert H.
Phelps, Judge Of the Circuit Court
Of the State Of Oregon, for the Coun-
ty of Umatilla, and said order was
made and dated this End day of Au-
gust, 1922, and the date of the first
publication of this summons is the
l1th day of August, 1922.
All process and papers in this pro-
ceeding may be served upon the un-
iersigned residing within the State
Of Oregon. at the address hereafter
Raley, Raley 6 Steiwer, Attorneys
for the Plaintiff.
Address, Pendleton, Oregon.