The Daily Ardmoreite. [volume], January 02, 1908, Image 1

About The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current

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-THE OLDEST DAILY NEWSPAPER IN EASTERN DISTRICT-ASSOCIATED PRESS REPORTS ALL THE LOCAL NEWS MRS!
The Best Advertising
Medium in the New
Stale
The Ardmoreite
THE ARDMORTE
BEST
a I
Jo.
ARDMOIIE, OKLAHOMA, THURSDAY lJVI5NIN(i, d ANTAHY 2. UHM
VOLUME XIV
NUM MEM IS7
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THE YEAR IN
. WALL STREET
1907 A MOMENTOUS ONE IN Fl
NANCIA LCENTER.
GREAT SHRINKAGE IN STOCKS
great shrinkage In sticks
Unsettled Conditions Shown by De
crease In Business Many New
Members In Stock Exchange.
(Written for The Ardmorelte)
New York, Jan. 1. One of tho
most momentous years In tho history
of Wall Streot was that Just brought
to a close. Practically from begin
nlng to end thero was one con
tinuous succession of shrinkages lu
security values, which culminated In
ono of the greatest panics ever
known, following that which took
Iilaco In March. There Is still a
great ileal of doubt ns to the causes
that led up to this panic, which shook
tho financial center to Its very foun
dation nml brought about numerous
hank and trust company suspensions,
ns well ns other failures and busi
ness hardships, from which tho coun
try at largo Is only beginning to
recover, but whether It was from
too much of tho "Illg Stick," or
from tho peoples extravagances, as
claimed by former Secretary of tho
Treasury Shaw, tho fact remains
that thero was an unprecedented fall
In values.
It Is reliably estimated that the
shrinkages In tho values of listed
railroad stocks alouu during 190i
amounted to $100,000,000, while that
In slocks of Industrial corimratlons
reached $600,000,000. If to this wero
ndded "outside" stocks, the depre
ciation In the market vnluo of stocks
alone during tho past twelvo months
would no doubt be bound to havo
reached tho stupendous sum of elev
en hundred million to twelve hun
dred million dollars something un
heard of In tho history of this
country. In railway and miscellane
ous bonds thoro was also a tremend
ous decrease In value, xslbly np
provlmntlng that which took place
In stock and In view of these facts
tho wonder Is not so much that the
panic was so great, but that It was
not oven greater.
On the New York stock exchange
tho unsettled conditions were re
flected In a pronounced decrease In
business, ns shown by the record of
transactions for tho year. The total
transact'ons In listed stocks amounted
to 197,212,000 shares In 1907, 4as
compared with 2S0,4II,292 shares lu
1900, while the total sales of bonds
aggregated $.110,022,000, compared
with $070,410,000 In 190C. At the
close of the yenr tho feeling In re
gard to tho future was a little more
hopeful, especially In view of the
enormous January 'Interest and divi
dend disbursements, which will reach
the record breaking fl?nre of $220,
000,000, ns against $207,000,000 In
1900, and tho fact that our crops
are good and that monetary conditions
nro on tho mend.
Notwithstanding tho two panics
and the genornl falling off In busi
ness, tho Consolidated Stock Ex
change enjoyed ono of the most
prosperous and lniKrtant years In
Its history. Not only does tho record
of transactions compare very favor
ably with that for tho calendar year
1900, somo departments actually
showing Increases In tho amount of
business done, but the growing use-
THEY ARE
SATISFIED
CORPORATION COMMISSION IS
PLEASED WITH RESULTS.
NEW TARIFFS EFFECTIVE
Oklahoma Corporation Commission
Most Satisfied Branch of State
Government Railroads Slow
With Jim Crow Law.
BEGIN FIGHT ON TAGGART
'A LEGAL
DISTRICT CONVENTIONS BEING
HELD IN INDIANA TODAY.
STATE FOR BRYAN.
(Continued on Pago Sfx.)
TREAD WELL'S
Great Semi -Annual
Clothing Sale
BEGINS JANUARY 2ND, 1908
33 1-3 Per Cent Discount on all
Snellenburg & Kirschbaum Clothing
$10.00 Snellenborg Suits $C63
$12.r,0 Snellenberg Suits $ 8.35
$15.00 Suellenberg Suits $10.00
$1S.00 Kirschbaum Suits $10.00
$1S.0O Kirschbaum Spits $12.00
$20. KIrtchbuum Suits $13.35
25 Per Cent Discount on all Stein
Bloch Suits and Overcoats
$25.00 Steln Hloch Suits $18.75
$27.50 Stein Ulooh Suits' $20.05
$.10.00 Stulii-Uloch Suits $22.50
18.00 Overcoats .
$20.00 Overcoats
$25.00 Overcoats
.$13.50
.$15.00
.$18.75
1-4 Off on all Odd Pants
$3.50 ranis
$4.00 Pants .
$1.50 Pants .
J2.-.3
$3.00
$3.38
$5.00 PanU '. $3.75
$5.50 Pants $4.15
$0.00 Pauls ....$4.50
Ardmorelte Six-vial,
(iiithrle, Ok., Jan. 2. With every
railroad 1 in Bhe state having pro
mulgated n tariff complaint with the
letter and tho spirit of the Oklahoma
'constitution, the corporation com
mission Is tho most satisfied brnncfli
of tho state government. Yesterday
after ono and one-half months of
3 per cent mile rato after thy con
stitutlon becamo effective, tho Fort '
smith and western finally enmo
through and ordered tin sale of
tickets at tho ratu of 2 per cent
per mile.
Kvo.-y railroad In the state do
ing an Interstate business, according
to tlie Information of the commission,
havo complied with every other de
tail of the constitution and the com
mission's orders. All fcuve arrang
ed their passenger ratu tariffs to
comply with the spirit of tho 2-cent
rate law on Interstate travel, so
that the benefit of tho law may bo
had to tho Intersection of the road
with tho stnto linn.
It will not now be necessary for
the railroads to erect dejMjts and
other station facilities at tho Inter
section of their road with tho state
line, which wa9 tho substance of
an order by tho commission Is
sued some time ago, upon tho refus
al of the roads to arrange their
tariffs as directed.
Thus far nono of tho rlalroads
have shown any disposition to put tho
sepa ate coach and waiting room law
Into effect, which becomes opera
tie about February 10. Are they lay
ing plans to fight the constitution
ality of tho established constitution
"Jim Crow?" It begins to look llko
It. Several days ago It was runiorel
that a fight would bo made on tho
law and this may bo dono.
The first permit of hearing will
bo given tho railroads tomorrow up
on tho first order Issued by tho com
mission aelatlvo to minor dctUlls
ACtwuhed to tho railroad service.
suoh as lKistlng "bulletins, of the or
rival of trains, etc.
Attorney General Charles J. West
will continue tho prosecution of his
suit ngalnst tho Fort Smith and
Western railroad to force It Into
tho hands of a receiver. Tho case
will como upon tlnal hearing be
fore Judge Maben, of tho Pottawa
tomie county cou t, next week.
Ity Southwestern Press.
Indianapolis Ind., Jan. 2. tvtno
orallc district conventions were held
today in tho thirteen district of India
na for the selection of new members
of the central state committee, who
will meet next Thursday and reor
ganize by selecting a chairman and
secretary. Stokes Jacli.wii of Green
field, Is ono of the most prominent
aspirants to the o!-nlrmnnship, al
though tho opposition to the Taggart
regime will 8iipMrt James Kirk Klsk,
whlie many of tho Taggart men will
'us,, tlielr Influence to secure the se
lection of Gilbert Ilendren.
It Is hoped that by tho time the
committee. meetB a spirit of harmo
ny will have been restored among the
democratic lenders of the state and
Dint the bitter fight expected In tho
election of a chairman will not ma
terialize. Indiana democrats are hope
ful of victory lu the coming state
and national elections. Already a
number of candidates have been spo
ken of for tho governorship, among
tho most promising being Carroll II.
McCullougb, a wealthy manufactur-
r of Anderson and 11 member of
tho stato legislature.
John W. Kern of lndianaiolis will
not again seek the nomination. l)es-
Ito stiff opposition lu certain Influ
ential quarters, It Is npparent that
Ilryan Is a favorite among Indiana
lomocrats and tho Hoosler delega
tion to tho national convention will
probably favor tho Ncbraskan.
VAULT OF ASH FLAT BANK WAS
BLOWN OPEN THIS MORNING.
LOSS NOT KNOWN.
BURGLARY AT M'CURTAIN
Winter has just come. You have three months to
wear heavy suits and overcoats, so you can't afford to
pass up tin's opportunity to buy new, up-to-date
clothing at the above prices just at the time you most
need good clothing. Come today, don't wait until
your choice and size is gone.
ft
Tread well Sn Go.
Tell the Truth Clothirs
2nd DOOR WEST CITY NATIONAL BANK
CHOCTAW BANK RELIEVED OF
THREE THOUSAND DOLLARS
EARLY TODAY.
Dy Associated Press.
Fort Smith, Ark., Jan. 2. At three
o'clock this morning tho vault of
tho bank at McCurtaln, Okla., forty
miles from hero, was blown open
and threo thousand dollars In gold
ami sliver secured.
Thcrv Is no cluo to tho robbers
Sand Is 0:10 of tho lniortaut In
gredients In tho elixir of success.
Wo hnvo somo
EXTRA CHOICE FARMS AT
"PANIC PRICES"
Want to sell your
lands to homeseeKers?
List them with us
JOHNSON I MMADE, faros Oily
QLNEY BANK 'BURGLARIZED
Ardmorelte Special,
Olney, Okla., Jan. 2. The vault
of the Ash Flat Dank was blown
open here early today.
There Is no clue to the robbers.
The bank officials will not give cut
anything other than that they have
nt yet been able to ascertain wheth
er any of the Institution's funds are
missing or not.
PRECEDENT
WAS ESTABLISHED DY JUDGE
RUSSELL IN DYRD CASE.
RIGHTS OF INDIAN HEIRS
To Deed Inherited Land Deforc Pat
ents Have Deen Issued Not Nec
essary to Particularize In
Description of Land.
RECEIVERS FOR SEABOARD
UNITED STATES CIRCUIT COURT
NAMES TWO RECIEVERS
FOR RAILROAD.
Jt--i ! " 1
! Associated Tress.
Richmond, Va. ,Jan. 2. U. Uan-
caster Williams of Richmond and S.
Davie of llaltlmoro wore today ap
tmlnte,! by tho United States Dis
trict court as receivers for tho Sea
board Air Lino.
The Seaboard lino was placed In
tho custody of tho courts yesterday
afternoon, following a lengthy con
ference by tho voting trustees In
Now York City, Tho company has
been lu a bad condition for several
months owing to a fight among the
stockholders.
Tho property Is ono of tho most
valuable on tho Atlantic Seaboard.
Its capitalization and bonded debt
Is said to bo In oxcess of $180,000,000.
Williams & Wnrfluld, Baltimore
bankers, declare thero Is no neces
sity for any nervousness on
the art of tho bondholders of
tho road over tho roiolvorshlp action
and persons closo on tho Insldo of
the property declaro Hint In their
opinion that security holder of Ixith
stocks and bonds will profit by It,
Transgressors should ho mado to
pay a road tax,
Judge Still w.-ll It. Ilussell, of the
district court, has set a precedent
In Ills decree In favor of the plain- I
tilTs In the ease of I'M llyrd et al
vs. II. C. Mc.Murtiy, In setting aside ,
the deed held by Mc.Murtry and J
said to havo been derived from lite '
heirs at law of Sukey Fllniore.
In all probability the case will
lie finally adjudicated by the supreme
court of tho state of Oklahoma, but 1
neither of tho points raised lu tho 1
caso have ever been decided lu I
this section of tho country and
Judge Ilussell by reason of that
fact was compelled to set a preco-
dent.
Judge Ilussell holds that descrip
tion of property set out In a deed
of conveyance Is sulllctent when
tho property Intended to be con
veyed can bo Identified, and that
It Is not necessary to particularize.
Tho Ksltlon of tho defaudants In
this case was that tho description
of tho property said to have been
conveyed by Ithohijrs of Suklo
Fllmoro to Kd llyrd et al was Insuf
ficient lu as much as it did not
particularize tho certain pleco of
property.
The second Important question de
cided by tho Judge is that of tho
tltlo to tho' land vested lu Suklo
Fllmoro and her heirs when she
rwns enrolled as an Indian, and that
when she was enrolled and enti
tled to her patents of allotments that
her heirs wero entitled to convey
tho same, did not ileicnd Ukii tho
fact that the patents to tho land al
lotted had been received.
Tho decree lu brief Is as follows:
"Wo conclude that defendant's con-
tendon that there was no convey
ance of tltlo by tho lielrs, by virtue
of tho deed of December 1, 1!03, be
cause (1) thero was no description
of tho lands therein and (2) because
said deed was executed prior to
U10 segregation of tho allotment of
Suklo Fllniore, Is not well taken.
The law is clear that Identity rath-
er than particularity of description
Is essential to constitute a valid con
veyance, and It Is our opinion that
If tho deed named convoyed a body
of land that could by tho terms of
tho deed bo afterwards surveyed and
set apart from other lands, then
tho words "allotment of Suklo Fll
more," taken In collection with tho
treaties and agreements existing be
tween tho United States und tho In
dluns, wero a sutllclent description
to Identify tho laud.
The only question then that re
mains Is as to whother Suklo Fll
more acquired tltlo which her heirs
Inheriting, could convey. It seems
that wo aro called upon to decide
this question utmost ns a caso of
first Impression, although some de
cisions have been cited by counsel
bearing Indirectly upon the point at
Issue. The conclusion seems to mo
Inevitable ns to Suklo Fllmore's tltlo
to tho lands in question anil tho
right of tho heirs to eonvey tho
same, that It was not a condi
tion precedent to her title or their
HALF PRICE
We place on sale Friday and Saturday
a beautiful line of
HNEJMBROIDERIES AT EXACTLY HALF PRICE
Those consist mostly of bands with ,1 few wide edgings.
We will also sell everything left in Furs
these two days at just HALF PRICK.
Many other bargains in Underwear,
Blankets and Trunks which are all
going at a big discount.
wmmm
Russian Officer Shot.
Associated Press.
Samnra, llussln, Jan. 2. Colonel
Ilabroff, chief of tho Provincial
Guards, was shot and killed In n
crowded streot hero today.
Tho mines of tho world would em
ploy 6,000,000 persons, and more
than one-third of thum aro In the
Ilritlsh empire.
Phone Orders of 25c or Over Delivered.
EMPEROR'S SON IN FIRE.
Dy Associated Preen.
Herlln, Jan. 2. Flro broke out
this morning In tho bedroom of
Prlnco Kltel Frederich, tho third
sou of tho German emperor, In the
royal chateau at Bellovue. Much
damage was dono to tho contents of
tho castle, Which was built over a I
century ago.
J Cut Rate Newspapers
- .. 1 1. .. ,
Tho newspaper tliat sells it advertising ut u cut
llguro is always conscious of its own weakness. A
newspaper thai has the circulation is neither wil
ling to cut its advertising rato nor eou'd it con
tinue to remain in business if it did; white paper
costs too much. The Ardmoreite treats all adver
tisers alike. Exacts a fair price for its advor
Using, which commensurate with c rculation and
servicu is tho lowest in Oklahoma. When you ac
cept it cut rato from a weak newspaper how do
you know you havo reached tho bottom llguro.
Hotter realize that the best is always tho cheapest
and stick to tho Ardmoroito.
m
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Best Wishes
For 1908
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(Continued on pago six)
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As wo enter upon tho now year wo wish to express
our apprecia ion of tho trade and contidenco accorded
us hv 1 lie people of this community during tho past
twelvo months.
Our business has not only been wholly satisfactory,
but wo have had many evidences of unusual loyalty
and good will on the partof our customers.
Wo endeavor to please thoso wc servo and to protnota
their interest in every way, and it is a satisfaction to
find this effort brings udoquuto responses.
In the coming year wo shall maintain tho highest
stand inls of pharmacy and business dialings and wo
know wo shall retain your friendship and trudo.
Wo oxtotid to all our kindest regards and our best
wishes fora healthy, happy and prosperous Now Year.
l J. RAMSEY, Druggist
0t
p'l'fr, PJ. 1jj eV, ffVA
Fancy China
and Poltery
AT COST
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xtOT desiring to carry over so much in Fancy Chinas
we will on the 9th, 10th and ut
any and all fancy China and Pottery
we will on the 9th, 10th and nth of January sell TTorirAr fliiri
cry at absolute cost. j viuiu
and rottery
Nickel Store and China Palace AT COST
II. P. WOLVERTON, Proprietor. wWFWWW"
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