davidaulloa/AmericanStories huggingface dataset:
The Omaha morning bee., 1924-05-15
LINCOLN BISHOP
THROUGH OMAHA

The Rev. Francis J. Beckman. new
Catholic bishop of the southern Ne
braska diocese, formerly president of
Mount ST. Mary seminary near Gin
cinnati and for the last five years
The Omaha morning bee., 1924-05-15
Doctor Wants Razor.

DR.. John T. Mathews. II, Omaha
physician. who began a five-year term
for murder through an illegal opera
tion Tuesday. telephoned his son, FL
fred P. Mathews, Wednesday to bring
him his razor and take home his
watch
The Omaha morning bee., 1924-05-15
Dahlman Oust Report.

Rumor that Mayor Dahlman was to
he ousted by other members of the
square six" was circulating about
the city hall Wednesday. Commits
sioners Koutsky or Hummel is to be
made MAYOR. the story goes.
The Omaha morning bee., 1924-05-15
Athlete Wins Prize.

Essay of Martin Swanson, Techni-
cal High school athlete, entered In
the National Chemistry society's con-
test, won the first prize of 500.
The Omaha morning bee., 1924-05-15

the World. The show Is regarded as
among the best the big playhouse las
offered. Today and tomorrow marx
the conclusion of the engagement.
Starting Saturday. three hesdliners
are featured on the six.act bill. These
include Hughes and Merritt. Sherman
Van and Lyman and Ed Blondeil and
company.
Amateurs will be an added attracs
The Omaha morning bee., 1924-05-15

Amateurs will be an added attrae
, 1924-02-21
'":-NnM1 E-<r,KILo.N. RAviivs wYo,u>G. THJnsn,1. rERRU Ally ;. 1924

o. fach thonn
81 y-hve .,u,.s. dollars Ind
:. oppus'tion +. T., ,.,.n1 n,nn.
tt'h Their s:I,atfbn ., pr,yn,e
mortease c',ncerns and also from
banks, be u they feared the low
81 NV est rates and the long time
io"' privileges would ruin their
D .siness. In the case of banks.
where the Land Bank system is un-
derstood this fear is fast disappear
ing. In less than seven years the
twelve Land Banks have supplied
seven hundred and sixty-five million
dollars of capital to the agriculture
al interests of the United States. AS
long as the holder Of a loan pays his
interest and amortization payments,
there is no danger OF his oar being
called regardless OF financial condi-
lions At this time h Land Banks
have about twelve per cen of the
total mortgage business of the
United States.
The Land Banks stand as the in
t~ermediary agent between the owner
of capital and the purchaser of
capital. In other words the Land
Banks do not do a gene. nj banning
business but their primary object is
to buy and sell capital. They guar
antee to the owner OF capital that
at the end of a certain time his
capital will be returned to him and
that his interest will be paid at
regular intervals. They guarantee
to the borrower that his capital oar
will not be called as long as he
meets his interest n amortization
payments.
In this way Congress has met two
requirements by providing first. a
currency system for the commercial
necessities OF our business, and sec
ond, a capital system for our agri-
cultural lands.
Now you may say, why the crea-
ton Of the Federal intermediate
Credit Banks?" When Congress ere
ated the Federal Reserve system 1t
said. mo notes shall be made with
a maturity of over six months" This
system is created for and is suffic-
lent for commercial usage. When
Congress created the Land Banks,
it said. These loans shall be only
upon agricultural lands" In other
words, this is capital to build the
farmers plant. In the majority of
cases the farm loans are in the ma
ture of %refunding capital to take up
a mortgage that was given for a
short time at a higher rate of in
~terest. or it may be used for i'm
provements, or for the purchase of
more land.
, 1924-02-21

A farm or ranch succeeds. as does
n manufacturing plant, by its turn
er. They require machinery to
operate. and raw products to i'm
prove. The latter may be agricul-
'"-"' crops in the curse OF growth.
or livestock in the same condition.
Neither of these crops may be plant
ed, grown and threshed for market,
nor bred and grown for market, in
six months. Have not all of you,
year after year. shortly after thresh-
ing time, read something like this in
your newspapers: Railroad unable
to supply cars to carry the crops
This has been true of livestock cars
as well as of cars for grains. l do
not believe it is any more possible
or sensible for railroads to have all
the cars required for a given crop
at a given time. than it is for a
ranchman to have twice as many
cattle in the summertime as he could
take care of in winter, simply be-
cause they might exist in the sum
mer. If the railroads did have
enough cars to meet all of the de-
mands at one particular time, what
would We do with the crops after
they are loaded They could not
stay in the cars indefinitely: some
one would have to buy them. When
too many cars OF grain. wool or
cotton get to the market in one day
it il the anne as too many cars of
livestock getting there in n day:
someone Is going to sell out for less
than the cost of production. This
Is exactly where our trouble begins.
The growing Of crops and livestock
mus be done by the Individual. and
the personality which he puts into
the ARE Of them is the SAINT as that
which the manufacturer puts into
his wares. They come out with a
stamp OF individuality. which makes
them grade and stand out on a mar
ket. For his efforts in accomplish
ing this. he must have something
with which to meet his obligations.
If he must order cars and ship when
everyone else is in the same fix, he
then is at the mercy of the law OF
supply and demand. If the crop
comes all at ace then naturally
the demand cannot use it all at once.
Referring back to the report of
the Comptroller of the Currency it
, 1924-02-21

will be seen hat the 8249 national
Banks have nearly n half OF the
total deposits and about the same
Of the loans of all banks. This
would mean hat the smaller banks
out in the agricultural centers are
not financially able to carry all the
farmers and ranchmen, with their
turnover crops, for periods of over
six months. and many cannOt carry
them for the shorter periods. There
fore a system is required that will
take care of the crop demands of
he farmers and ranchmen 80 that
they may provide for an orderly and
systematic marketing of their turn
over crops. This must be lone by
some institution which is able to
transfer capital rather than currency
for such purposes. The War Finance
Corporation attempted to provide
this necessity. and at the time they
came into being and began to func-
ton there is no doubt that they did
advance a great deal of iieiD t o th-
agricultural conditions Ut the Unit
nance Corporation was created as
an emergency corporation to supply
temporary relief. and as such. loan
ed the currency of the United
States Government and not capital.
The intermediate Credit hanks
are now in a position to Offer capital
TO the stockman of thu range states
as we'll as to the farmers. ANY
agency that has beer securing re-
discounts through the Var Finance
Corporation is new eligible t. do
business with ,hs Intermediate
Credit Banks. ali am also author
lied to say tina. Z two per cent
| spread will b. allowed u discount
inS agencies for cattle paper from
, 1924-02-21

this time on. II IL the hule of those
charged with the administration Of
the intermediate Credit hanks to
make them as productive OF good to
the agricultural interests Of the
country as safe loaning conditions
will allow. To the stockman we are
prepared to bring a capital that will
be safe and dependable, and in which
his opportunities for renewal will be
safe where he shows he is able to
handle his business. The farmer,
who has crops threshed and ready
for market where these may be
warehoused. may obtain a fair loan
upon such crops for a period that
will carry him to a reasonable and
remunerativ~ market.
The intermediate Credit Banks
are not created for the purpose of
competing with commercial banks.
but to stimulate them. We would
prefer to have bankers organize the
rediscounting agencies, because we
feel that their thorough familiarity
with all forms OF paper makes them
better versed in preparing such
papers for the needs of the borrow
ers. When they have customers
whose wants will run beyond the six
months period of a loan, we desire
their recommendations for such
loans.
The Intermediate Credit Banks
had made, on the 29th day OF jan
uary, loans to the amount OF $42,-
6%l7,7l8.45. These loans are made
in W ways: Direct loans to Agri-
cultural Credit Corporations, h In
turn loan to their membership, and
rediscounts. which are loans already
made by banks. livestock loan COM
panies and trust companies.
, The following is q classification OF
, 1924-02-21

probably twenty billion more. Then
in the general turnover of these first
mentioned commodities and in man.
'utacturjng them into food, cloth -
,.n,,, materials. im~.-ments, and
oti Thar nece -''sss. Including trans.
p]ortation. we paid out aiinther eight
hundred billion dollars. This seems
a stupendous turnover for the
amount OF our circulation Bot our
very efficient banking system W., h
our credit dollars makes, this nossi-
BILE.
For instance, ba.s In Omaha in
the last seven m ..nths. Wyoming, s.
Dakota and Nebraska have marketed
81 800 head >of range cattle. which
have sold FOR around ten to twelve
million dollars. 1t is probably safe
10 say that 80 per ent of this moneN
was RENTED back to the owners by
hank drafts. and by them again paid
out in checks.
Generally speaking. with our
eight billion dollars Of circulation,
and our thirty thousand odd banks
with total u of over fifty
billions, the agricultural interests OF
this country must borrow the ma
jority of its working capital from
the deposit credits OF these banks
Heed the words deposit credits"
In other words. agriculture must
in the main do its business on the
expansion and contraction of the
currency instead Of a fixed depend.
able capital. Congress probably
mindful of this fact, In 1916 created
the Federal Land Bank system,
which is somewhat similar to the
Federal Reserve system. except tina,
these banks are created for the pri.
mary purpose of supplying capital
to the farm lands OF the United
States. The United States ID III,
tvided into twelve districts with a
bank in each district. and al. are
under the supervision OF a Federal
Board in Washington. To provide
their capital, the be rowers mus,
subscribe through their local asso'
Citations for five per cent 81 their
loans for stoGk. The banks are al
lowed to sell bonds up ID twenty
times their capital stock: thus there
Is no limit to the O of capital
they may prprine for agricu,tn'"l
necessities. Ia III" east Of the Lane
Banks. how er, thav can loan only
On land, taxing 4 In Il mortgage iJr
,ecurity and looming fifty per cent OF
llke appraised ...t ~ II" ',nd
1i.ese ioahs mty II " til I" nv
ears. The interest rate is five and
.t-half per c"nt Per y N TIM,
/ ara .es a tuta. payment !ur Zach ndi
, 1924-02-21

the direct loans made to agricultural
credit corporations and cooperative
associations:
otton-$15,5s7 $3.50
Tobacco-$S. 216,444.25.
Wheat-$2,675,l53.83
Wool-$153,s02.40.
Canned Fruit-$1,0O5 ,395.32.
Red Top Seed-$21 100000. !.
Raisins-$5, 00O, 100000.
Rice-$342,939.95.
10000.
Prunes-$4O0, 900. 90.
Broom Corn-$1O0. 100000.
Total-$33. 500 .641.S1.
R~ediscounts to livestock loan
companies have totalled $780,
891.71.
1t will be seen from these figures
that the banks are ready and willing
to do business where the security is
ample. and that as time goes on and
people better understand the nature
OF their operations, their usefulness
will increase.
, 1924-02-21
c:RFnIT BANKS

] III 11lihA S.-- Wal |
Continued from Page .,-
roads or manufacturing establish
ments, wish to expand their plants
by larger constitution OF improve
ments, they do not borrow money on
short time notes from ;hcir local
banks, but rather they seek capltai
hroug the sale >. bonds TOR some
well defined psrlol OF time, at nj
fixed rate of ~rcuscnGbla interest.
neither of which VIII be subject to
withdrawal upon demand owing TO
some depression in their seasonal
sales of service or commodities. II
this il true of indnsrrill conait.trs.
then SO it Is with agriculture.
Neither can compete with the quick
of commercial activities in
seeking to expand and Improve their
plants.
To make this more plain let me
call to your attention certain items
in the reports of the Comptroller OF
the Currency for the years 1900,
1914 and 1922.
Year Banks Capital & Surplus
1900 1882 $500, 600, OOO
1914 26765 3,80O,O 900 ,O0O
1872 3OS46 $500, 900 200
During that period loans and de-
posits were
Year Loans Deposits
1900 $500. 5000 $1,000 900 .O0o
1914 5000. 900, 900 lS.50O, 900 ,0o0
1892 $4,000. 900, 900 $4,000, 900, oOO
Circulation OF money in the same
years
1soo-s2.3oo.o 600. 10000
1914 $1,000 900 100000
1922 5000. 900 100000
A careful study OF these tables
gives much food for thought and an,
alysis. The total loans and deposits
run much heavier than the actual
circulation of currency. We may de-
duce from this difference that there
is a limit to the amount of money
hat la be used productivity but
there is no limit to the amount OF
capital that may be used productive
ly. Hence we find here n reliable
reason for the establishment of the
Reserve System that the currency
may be kept in a working proper
ton to the capital necessities.
Now let us look at our circulation
for the year 1922 from another angle
The total circulation is eight billion
dollars. We paid Il in 1922 fol-
our various raw materials approx
mately sixty billion dollars. We
paid for personal services to oul
lawyers doctors school teachers, and
clerical assistants of other natures
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11
ROAD BLOCKED DEMOS ACTIVE
WOoten, Berry and McAdOo
Meetings Planned

Dudley q. Wooten former con.
gresham. viii speak al the weekly
meeting ~ tho King County Demo
cratic club saturday noon It's sub.
ieet win be "Monucrlio. and be Will
discuss the nationu DE movement 20
obtain funds TO purchase and restore
the old jefferson home. known aa tho
shrine % Democracy
Major George l.. Berry. vice rrosi-
dental candidate. viii also be a guest
az the club and win talk on the
ideals and Purposes Of tho Demo
cratic Party"
A meeting ~ prominent democrats
20 plan a welcome Tor william Gibbs
McAdoo VIII b. held Friday evening
Al o'clock al parinalla. Dinner
will bo served al tho cafeteria az .
o'clock. An who attend viii be made
members OF the MoAdoo reception
committee.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11
Major Berry Will
Speak at Tacoma

TACOMA. April ii.-Democfa,s u
this section will greet Ma. George l..
Berry. candidate for democrats vice.
presidential nomination. ~ tho an
nual Jefferson day banquet here FAT
urdhy evening It's topic az tie Ia.
coma hotel will BE- ''Ths American
Legion 10 Peace"
Berry viii 10 introduced BY Mayor
=. J. Brown of Seattle Tho major
IA senior national ylce.prcsldent OF
the American legion and president o.
the Proasmnn's international union
II, =. Irvine. Portland. ore. editor
will npeAk on 'The paaslnE Show
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11
P RICE WAR is
RUMORED!
Lumber Conditions Hardly
Permit II, Belief
nY ERANK nnSTER

Aftcr holding steady Tor the
whole q last year, loss have fallen
in price No. Is aro now SO. No
- are $40. and No. 3 yariously
quoted SIS "a sit. These are the
Official prices. but the smaller los
gcrs and operations OF tho frce-lancs
type do not feel bound by eSab
ushcd prices and RATS have been
sold by them as low az 81 for small
Z logs of low grade. but good enough
for No. common lumber. There
are threats Of a prioe-cu,ung var
but with many % tho camps closed
and business pauSing for a sest
such a course could only react on
those who instigatod ~.
on the Atlantic coast tho sales
man for the Southern pine Inilis
Is out with instructions 20 sell
uppeTs. tho they have not much
common 20 offer except IN small
sized cards OF low grade. This mar
sized boards Of low grade. This mar.
ket Is worthy OF tho closest at.
almost illimitahle buying power con
sutute Il BY far our best customer
In tho future.
There Is little change In tho Jap
aneso situation. Tho japanese *
porters in this city are looking well
20 tho dark side % things. old
orders arc being nled-soue 50 mil.
lion feet went out during March,
and. STRANGELY enough. several NIL
lion OF this was for Yokohama. a
port popularity supposed 10 DO
literally smothered In stored lumber.
SMALL ORDERS
HEADED FOR JAPAN
Small orders are being placed
here for other destinations NagoyR.
Osaka and Kobe. and more suhsian'
tial ones for cedar loss IN British
Columbia Medium and large
squares are So and 80 respective
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11
Fallen Trees Cut Off Sno-
qualmie Scenic Section

one of the most scenic districts o.
tho county Is shut off from tourists
b. fallen trees which have blocked
the Fuller road 20 the north fork Or
- snoquaimie river. tho beard Of
county commissioners were informed
In a communication Friday
The letter was sent 60 the commits.
sioners b. tho snoaualmie sports.
mems association. the snoqualmle
Commercial club and the North Bend
business Mems association. IL viii
require tho expenditure o. 5000 10
clear tho road and reconstruct the
fallen footsridgo across the north
fork.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11

~ az shipside. and baby squares
SO for AKA. and ga TO 80 for frae-
tional sizes. Hemloek arc 81 lower.
Frcights are heaItrendinE 0or the
ehartewrul-t9 and even occasional.
" IS Il accepted.
Shingles are now officially where
they have been Informally for Homo
time. Extra Stars. 90 :. are
quoted az .sis. and 10 az $40.
There arc orders on hand for is2
cars and the ears on hand remain.
ting unshipped number $40, Hut
II Il fair contention that tho bad
weather conditions prevailing all
over tho country except on this
coast have injured the market by
delaying tho sale OF transit cans.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11
Juniors Conclave
Set for May 1924

Juniors Of the university VIII hold
their annual celebration, Including
tho spectacular canoe carnival. over
the weekend q May 20 and "a. u
wns decided At a meeting Of the
class Thursday.
The events viii start Friday even.
ing with Carnival night. Junior day
Win BE- Saturday with tho eiaSs
breakfast IN the morning. and the
program win close with the decorat
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11
Law Students Will
Dine Seattle Men

Law students % the University OF
Washington viii entertain prominent
lawyers and tho King county bench
az a banquet this year instead q tho
annual law school smoker. which was
barred hy the faculty because of too
much hilarity. Tho banquet viii be
held April II.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11
Promises Hordes
of Tourists Here

Tourist travel this year will ss; a
new and unusually high record. ae.
oordinE % a letter received today BY
tho Seattle Chamber OF C0mmerce
from A. u. Smith. q 81. Paul paassn.
ser traffic manager q tho Northern
Pacific railsay.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11
Radio Amateurs at
Annual Convention

Approximately 800 amateur radio
operators ~ Washington. Idaho.
oregon. Montana. Alaska. California
and British Columbia. opened their
1884 convention of the Seventh Radio
district az tho T. ~ G. A.. Friday
morning Tho convention will end
saturday evening A business ses.
zion started AZ 10 a. m. and the
sang was 10 visit the University
of Washington engineer "open
house" AZ .. m
A view ~ the university crew
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11

races Saturday and another business
session VIII preoede banquet at the
"Y' a. .. m and an Initiation Of
the Royal order Of the W0uff
honFs" ~ midnight.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11
Only Caucasians
May Buy Tracts

Crawford a Conovvr Will open its
realty auction uale o. aa5 lots uni
Eanien tracts In tho University dia.
triet on Saturday afternoon. Only
whites may purchase land
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11
Western Giant Cords

Made to conform with
the high standards Of
QUALITY set by the
Western Auto Supply Co.,
the pleasing low prices
are made possible by the
large volume sold and
methods Of distribution.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11

Heavy barred rubber mat prevents slipping.
Aluminium frame. Ornamental as we'll M nrae.
tical. Price $50. Other plates, si.I5 10 ST. go.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11
Ducasse to Meet
Philosophy Body

DR.. Q. J. Ducnsze. of ths phiiosa.
ply department ~ the University a
Washington. viii leave M0aay for
Chicago. where he win read q napft
entitled "A Defense ~ Ontoi0gieal
Liberalism" before the conyentlou
Of the Western division o. the Amsr
loan Philosophical association. 10 l.
held IN the Illinois city Thurzaay
Friday and Saturday u next week
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-04-11

sd canoe parade Saturday night
Alumni will be entertained on ths
campus during the two days.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-04-10

regular time, but will arrive in San
Antonio at 9:30 o'clock in the eve
ing. instead of 1925 O'Clock.
Other schedules for the road are as
follows:
Northbound: No. 4 leaves at Z a.
m. instead of 0 a. m, No. s. st. Louis
Limited, leaves at :45 D. m, instead
of S:15 p. m.
Southbound: No. arrives from Sc.
Louis at S:55 a. M. instead of $50
a. M; No. 3. local. arrives from north
at q 40 p. m. instead of Gas p. m.
Laredo section: No. 6. Mexico City
Limited. leaves at o 30 a. m. instead
of 10 a. m; No. l leaves at IL p. M,
instead Of 10 80 p. M; No. . arrives
from Laredo, O 80 n. m. instead of
Z a. M: No. . arrives from Laredo
at 3 40 p. m, instead of 80 p. m.
No. s from Laredo is the only
major change in the 5 .hedule. leaving
Laredo at 0 80 a. m, instead of noon.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-04-10
WOMEN need SWAMP ROOT

Thousands of women have kidney
and bladder trouble and never suspect
it.
Women's complaints often prove to
be nothing else but kidney trouble, or
the result of kidney or bladder disease.
If the kidneys are not in healthy
condition, they may cause the other
organs to become diseased.
Pain in the back, headache, loss of
ambition, nervousness, are often times
symptoms of kidney trouble.
Don't delay starting treatment. DIR.
kilmer's Swamp-Root, physicians
prescription, obtained at any drug
sore, may be just the remedy needed
to overcome such conditions.
Get a medium or large size bottle
Immediately from any drug store.
However, if you wish first to test
this great preparation send ten cents
to DIR. Kilmer & Co., Binghamton, n.
Y, for sample bottle. When writing
be sure and mention this paper.