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THE BEE: OMAHA, FRIDAY, JULY 12. 1918.
KcnmauTlkfflMc Progress of Mie lasted w HOTEL COMPANY IS PERMITTED TO CONTINUE WORK Government Allows Securities Issue Which Means Early Completion of Six Hotels. The capital issues committee in Washington has granted a permit to the North American Hotel company to issue additional securities and to finish hotel buildings now nearing completion at Hampton, la.; Grand Island, Kearney, Scottsbluffi and Ogalalla, in Nebraska, and at Ottawa, Kan. The committee which controls all security issues which exceed $100,000 during the war, after months of in vestigation, has granted this issue of securities as not being incompatible with national' interests. t An official of the North American .Hotel company stated: "This action 'means that there are excellent pros pects for the completion and getting into operation six fine additional fco tel properties in Nebraska, Iowa and Kansas in the near future. There has been considerable delay to build ing of all kinds in the past, due to shortage of labor and inability to get delivery of certain necessary building materials, d'.vices, fixtures and equip ment, and these elements may yet cause slight delays in our work. "However, at the present time six of our buildings are so far advanced that we anticipate but little delay in getting theu. open within a very ew months, since practically all of the furnishings, carpets, silverware, dish es, linen, etc., have been purchased and some have been shipped and are now in storage awaiting completion of various buildings. "Under the permit of the capital is sues committee we are rushing to completion four hotels in Nebraska, one in Iowa and one in Kansas. The capital Issues committee has re- requested that we proceed slowly with work on the hotels at Norfolk, Neb.; ToDtka. Kan., and Eldorado. Kan.. and that we delay our Sioux City note! until after the war, . "The North American Hotel com pany is amcng the first of middle west institutions to receive a permit to issue its securities under the au thorization of the capital issues com m it tee." ' Helping School Mate Gets Rooney Into Lot of Trouble In Omaha '. A desire to help a schoolmate who had become involved financially through "fast" living is alleged by G. .-,A. Rooney of New York to have xaused his arrest in Omaha. Rooney, according to a confession, which po nce allege he made, says he was vis iting at the home of William Faber, a schoolmate in bturgis, i. D. Faber, he says, became involved in debt and was facing disgrace at the time of his visit. In order to pay his creditors he stole two valuable dia monds from his mother,, which he in duced Rooney to bring to Omaha and sell and remit the money to hm. Mrs, Faber on discovery of trie loss of the valuables suspected Rooney arid filed a complaint in South Dakota. He was arrested in Omaha and is being held as a fugi tive from justice. Rooney expects to return without extradition papers and says he is confident the charges will be dismissed and the matter settled. Rooney says he and Faber were schoolmates in New York and that he was spending his vacation visiting friends in the west He planned on enlisting in the navy after a visit and was enroute to Chicago when ar rested. , . Honesty of This Farmer Lands Him in Bastile On the theorv that, "honesty is the best policy" a farmer, from Belgrade, Neb., on arriving inHnis city from St. Joseph, Mo.,a admitted to a police officer who bad him under suspicious observation at the Burlington station, that his bulging suit case contained twelve quarts of Old Judge Kentucky whisky which he was transporting to his home. On investigation uTe con fession was found to be well founded and the farmer, who refused to give his tiame was booked under a John Doe warrant ' , - The modern George Washington explained the presence of the whisky in his grip by saying that he had gone to St Joe in search of harvest hands, and was only able to secure them by providing liquid refreshments f for them. He assured the officers that he had no ulterior motive in bringing the contraband into Nebras ka, but is being held for further in vestigation Grocers to Refuse to Buy From Curb Brokers As a result of the charges of profit eering growing out of the hearing , before Food Commissioner Allen of the accusations against the curb bro kers, the Omaha Grocers' association Thursday decided that hereafter they will buy no vegetables of ny specu lator in truck. They will confine ;heir purchases to regular gardeners. This statement was given out Thursday by Secretary J. J. Cameron of the association, who stated that the organization in thit.way hoped to reduce the probability ot profiteering, by confining themselves to the profits ; on the cost of production allowed by the food commission. Nebraska Service Garage Till is Tapped for, $23 The Nebraska Service Garage No. 2, 1102 North Eighteenth street, was robDed Wednesday night ot iii, pre' sumably by two men who called os tensibly for the purpose of purchas ing gasoline. The two, then came in v at -MU ibursday morning and said their automobile was stalled at Twen ty-fifth and Cuming streets and that tfery needed gasoline. The attendant ' started out with the gas, but found ' on arrmn at the cppoi.t".d place - that there was neither car nor men On returning to the garage ne found the back window broken and the Successful Management MR, WILLIAMS was for 30 years district manager of the Grand Union Tea Company, now a subsidiary of Jones t 11 rn- r .1 lj i - n n liruuiers xea company, anu nau cuarge 01 au 01 lucir stores and interests in eight northwestern states. He is a man widely known among business men throughout this part of the country and has demonstrated remarkable ability as director of chain stores. His methods of producing efficiency and greater profits have been widely copied in the Grand Union organization. The r 1 C " ' ft Vi 11 A y": A Basket Stores Com pany is protected against the loss of his services by death by an in surance pohev for $50,000. of the Company's Growth Is Shown by the Following Table MR. WALTER D. WILLIAMS, President and Manager. The Basket Stores Have Been Paying Regular Divi dends for 8 Years 1 i nnnn YEAR 1910 1911 1912 1913 1914 STORES SEVEN EIGHT EIGHT TWELVE EIGHTEEN THIRTY FORTY Two IMew Basket Stores! NO. 45-ORD, NEBRASKA. NO. 46-NORTH BEND, NEB. THE BASKET STORES chain began in 1908 in Lincoln, Neb., with one store. Within two years the business prospered until seven stores were in operation. Each one of these stores was placed upon a profitable basis. In 1910 the business was incorporated as the Basket Stores Company, its assets being seven stores and the stock these stores contained. During the next two years two addi tional stores were opene d. The following year four new stores were installed. The next year six more stores were put in. The ye ar after that, twelve additional stores were opened. The succeeding year ten more stores were started, and, at the close of 1917, forty stores were in operation. The business has been phenomenally successful from the first day, as the above record will indi cate. The volume of sales has grown from $175,000 in 1910, when the company had seven stores, to $2,143,000 in 1917, when the com pany had forty stores. However, during the. year 1917, upwards of only thirt.y- six stores were actually operating in full force. SALES $175,936.00 $267,100.96 $394,193.92 $532,842.06 $837,497.23 $1,350,852.52 The Basket Stores Have Been Paying Regular Divi dends for 8 Years $1,870,141.34 FORTY $2,143,080.95 Basket Stores Stock a Proven, Profitable Investment An Assured Dividend in Addition to High Speculative Possibilities We now offer subject to prior sale 1,000 shares 7 Preferred Participating stock, carrying with it a bonus of one share Common with each two shares of Preferred, the increased capital to be used to establish additional stores. Privi lege is retained to at any time modify, or withdraw the bonus offering of Common stock. While the Company could wait until the profits have accumulated out of which to open a number of new stores, by waiting it might lose the op- ' . portunity it now has of seizing the most desirable locations. 1 Location of the Forty-Two Basket Stores No. Interior Ylew of Store Bakey, Where Bread Can B Sade at a Good Profit, let Sold for 20 Per Cent less 1910 Sales - $ 175,000 1917 Sales - $2,143,000 1301 South 11th St., Lincoln, Neb. No. 21426 O St, Lincoln. Neb. No. 3887 North 27th St., Lincoln, Neb. No. 41601 South 17th St, Lincoln, Neb. No. 51733 O St, Lincoln, Neb. No. 61020 P St, Lincoln, Neb. No. 72712 O St, Lincoln, Neb. No. 81845 South 11th St., Lincoln, Neb. No. 9508-512 North 14th St., Lincoln, Neb. No. 10137 South 9th St., Lincoln, Neb. No. 11 Havelock, Neb. No. 122202 O St., Lincoln. Neb. No. 132643 Randolph St., Lincoln, Neb. No. 14 University Place, Neb. No. 15815 South 11th St., Lincoln, Neb. No. 16 College View, Neb. No. 172001 J St.. Lincoln, Neb. No. 18 10th and T Sts., Lin f), coin, Neb. No. 21816 North 16th St, Omaha, Neb. No. 221522 North 24th St., Omaha, Neb. No. 23-1807 Vinton St, Omaha, Neb. No. 242061 Fa mam St, Omaha, Neb. No. 252518 North 24th St., Omaha, Neb. No. 264108 North 24th St., Omaha, Neb. No. 27638 South 16th St, Omaha, Neb. No. 282221 Military Ave., Omaha, Neb. No. 291702 South 10th St., Omaha, Neb. No. 302409 Cuming St.. Omaha, Neb. No. 312003 North 20th St., Omaha, Neb. No. 325832 Main St, 'Ben son, Neb. No. 333137 Fa mam St, Omaha, Neb. " No. 34. 2910 Sherman Ave., Omaha. Neb. No. 85.-5224 N. 24th, Omaha. No. 362411-13 Leavenworth St., Omaha, Neb. No. 3725 Pearl St and 26 South Main St, Coun cil Bluffs, la. 5 X?' ,r K: Interior of a Basket Store on Saturday TUlght When the Stores Are Full of Customers and the Goods Move Fast. No. 384610 South 20th St, South Side, Omaha, Neb. No. 391401 William St, Omaha, Neb. No. 404001 Cuming St, Omaha, Neb. No. 41 Florence, Neb. No. 42 Ashland, Neb. No. 43150 West Broadway, Council Bluffs, la. No. 442921 Leavenworth St., i Omaha, Neb. J Remember, Co-operation h the foundation of the Basket Stores Company. By buying direct in carload lots we thereby eliminate middlemen's profits. Our central warehouse distributes this merchandise to our various stores, thereby making it possible to pay you handsome dividends. ' AS W XT- Dividends Are Payable: Januarv First . v AnrH First f 9 October tirst Z&JFS HNANCIAL DEPARTMENT, 640 FIRST NATIONAL BANK BLDG., OMAHA, NEBRASKA A e.i ,vU' V N money gone from the till. i