The Daily Ardmoreite. [volume], February 09, 1909, CITY EDITION, Page PAGE THREE, Image 3

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

Image provided by: Oklahoma Historical Society

                
Ardmore, Tuday, February 9, 1909
rue DAILY AROMOREITB
PAGE THREE
Uiited States Depositor
Oklahoma State Depositerv
City Depository
Ardmore National
Bank
ABDMORE, OhUHOMK
Cipilal, Surplus and Miltonl
$250,000
If this bank Is a eafo placo
for the city, stato and nation to
deposit tholr funds It Is a safe
placo for tho farmer end bust
hobs man to koep his funds.
TRY IT.
LEE CRUCE, President
G. W. STUART, Cashier
Phone 618
Chas. Kcrncr, up-to-date
meat market. I kill my
own meats and furnish
the very best satisfac
tion guaranteed. Give
me a trial.
CAPITAL FOR
OKLAHOMA
EASTERN WEALTH IS WATCHING
DUT FEAR AMENDMENTS TO
BANK GUARANTY LAW.
DEPARTMENT OFFICIALS MUM
Pending Measure In Kansas Legisla
ture Also Increases Alarm, and
Treasury Officials Have Deen Ap
peaed to.
Ardmore Concrete
Company
Quin Wicker, Manager.
Sam II. Owens, Assis
tant Manager.
Office 114 Fourth Ave.
Southeast, at the Marble
Yard.
TELEPHONE 436
Sidewalks built and all
kinds of concrete work
done. All our work is
thoroughly guaranteed.
J. L. Wilson
Transfer and Storage
I have a good building
leased injwhich I store all
kinds of household poods
at reasonable rental. Phone
72 and I will do the rest.
Goods hauled anywhere
or packed and stored.
I'romp and caroful atten
tion to every order.
::
:t
::
::
tt
::
t:
j:
Si
it
P. C. Chnstnlne, a competent
newspaper man formerly of
tho (ialveston News lias ac
cepted u situation with tills
paper and any courtesies
shown him will bo appreci
ated by tho Ardmorelte.
ElkR, Take Notlcel
There will ho n meeting of un
usual Interest Tuesday night, Fob.
H. Following tho regular order of
business a smoker will bo given and
some bright speeches by visiting
members on tho good of tho order.
A full attendance Is desired.
WAL'PKIt C. I) KAN,
Kxnltor Huler.
.1. II. ADAMS. Secretary.
ALBATROSS
That's tho name of the best floai
old In Ardmre.
WE CAN DO YOUR GAS FITTING
"RIGHT NOW."
Don't wait until It gets cold again.
Phone 60. Ardmort Supply Co
C noono Taliaferro about your pic
turs framlnsr. SMm
Washington, Fob. s. The attention
of tho treasury officials Is again call
ed to the bank guaranty question In
the southwest as affecting .not only
the existing law In the state of Okla
homa, but the problem pending before
the legislature of Kansas Intended to
produce a similar law In that state. A
new situation Is presented as a result
of agitation of plans for amending the
Oklahoma law, which It Is expected
will result In raising Important legal
questions Involving the rights of cor
porations In that stale, and perhaps
I banks In different parts of the conn-
i iry.
Letters have been received at the
departments from '1anl;s In Now York
and In tlie southwest, Inquiring
whether the proxsltton Involved In
the proposed amendment to tho Ok'
lahonia law would be In violation of
the provisions of the United States
constitution. The suggestion Is made
that the promised amendment to the
Oklahoma bank gunranty law would
make It Illegal for any corporation
organized under the laws of that state
to make a deposit In any bank that
Is not operated under tho bank guar
anty system of tho state. Also, thai
no bank In Oklahoma under the
guaranty system shall be permitted to
maintain a deposit with any national
bank outside of that tsate.
These qm-stlons coming to t'he de
partment nre not answered because
the, officials do not regard It as with
in their province lo answer questions
regarding the constitutionality of
ponding legislation In any state. The
officials have also seen the bill pend
ing In the Kansas legislature Intend
ed to create In that state a bank de
positors' guaranty fund, but they do
cllne to express opinions regarding It
except to sny that file provisions of
tho pending measure Intended to In
vite national banks of the 1'nlted
States to accept the terms of the pro
posed Inw cannot be made effective
so far as national banks are concern
ed. without amendments by congress
to the national bank act. Tin' attitude
of the department offllenls towards
the bank guaranty question, It Is as
serted. Is the same as It was a year
ago. when a written opinion was giv
en by the attorney general of the
Fulled States that a national bank
may not be a participant In a system
to guarantee depositors without-vlola-tlon
of the national banking act. The
officials of the treasury are practical
ly unanimous also. In expressing tin
opinion that the bank guaranty sys
tem Is fundamentally wrong, and that
It Is not only luiolltlc but Impraetl
eal Vront an economic and banking
standpoint for one Imnk to guarantee
the depositors of another, or be par
tlcipants In such a system 'by the pay-
inent Into the common fund to pay
the creditors of failed banks.
The offleals also call attention ;i
what they believe to be a serious de
fect lir the guaranty system, which, so
far as national banks are concerned
would make It practically impossible!
fo rthem. oven If they were permitted
to do so under the law, to participate
lik It. Attention Is called to the pro
visions of the guaranty bills In th
states of the southwest requiring that
reserves must be maintained by Iwnks
in the stato that are working under
the guaranty sysrem. The natlonnl
law requires that banks operating tin
dor It shall maintain reserves in ma
tlonal banks In the reserve centers
Participation in tlio guaranty system
wou'd require tho nuilnteinnnco of two
such reserves.
The treasury officials have taken
occasion to examine banking court!
tions in Oklahoma and Kansas slaco
the establishment of the bank guar
anty system In the former stato. Some
Interesting figures nre shown In the
comparisons of the existing conditions
w It'll those just previous to tho estab
lishment of the Oklahoma system In
I'clruary of last year. It appears that
about thirty -five Oklahoma national
bunks have relinquished their federnl
charters to become stato banks un
der the guaranty system. On Febru
ary 1.", 190S, there were IS12 natlonnl
banks In Oklahoma with capital of
$rj,21fi,000, -These banks has Individ
ual deM)slt8 to the nmount of $3S,
298,000, :nd loans and discounts of
131,579,000. On November 27, 190S,
the date of the last reort, there were
2SS banks In Oklahoma lth SI 1,447.
000 capital stock, Individual dctKislts
$3t.,2SO.OOO and loans and discounts
I3I.99S.00O. This shows only twenty
four less luniks, whlcli nHiuis that
there havv been new banks started
under the national law to take the
place of some of these that relin
quished their charters to organize ns
state banks.
The most striking feature of these
llgures Is the fact that while there Is
a small diminution In the capital
stock and Individual deposits of the
Ok'ahoma batiks, their loans and dis
counts are nearly 500,000 In oe?ss
of the showing made Just previous to
the guaranty lnw going Into effect.
In view of tbe claim that national
batiks liad difficulty in effecting loans
during the monetary stringency. It Is
disclosed by the reports o fthe comp
troller's office that the percentage of
reserves held by tho national banks
of Oklahoma In- February. 1U08. Just
previous to tbe guaranty law going
Into effect, was 2:5.11 per cent, while
on November 27. the piMcontngo was
19.99. 'In oilier words, the volume of
loans and discounts Increased by near
ly $3,500,000 and the percentage of
reserves Is about I per cent lower at
present compared with a year ago.
The situation In Kansas during the
same period shows a gain of six In
the number of national banks, from
201 to 210. The capital stock Is practi
cally the same, as Is also the volume
of their note Issues. Tbe Individual
deposits in tlie Kansas banks In
creased from $r.s. ino.ooo to $i;2.too.ooo
or about $1,000,000, and tb" loans and
discounts Increased during the same
time nearly $10,u0o,0ou. or from $."2.
300.000 to $fi2,r00,000. There was a
decline of only 2 per cent in the ier
centage of reserves held, the percent
age on November 27 being IS. IS per
cent.
IN THE REALM Of LABOR
HEVIEW OF THE WEEK WITH ME
CHANICS AND ARTISANS EV
ERYWHERE.
Foley's Honey nnd Tar clears tho
nlr passages, stops the Irritation In
tho throat, soothes the Inflamed mem
branes, and tbe most obstinate cough
disappears, Soro and Inflamed lungs
are healed and strengthened, and the
cold Is expelled from the system. Ho
fuse anv but the genuine In tho yellow
package, sold by all druggists.
LEON.
It. K. Thompson has a nice resi
dence built on bis allotment south
of town.
Mrs. .1. (1. Forkner is reported
sick.
Our school Is progressing nicely
under tho management of Prof. T.
C. Hunter.
Mrs. .lennle .tones had tho mis
fortune of getting two or her rius
broken recently.
S. J. Unllcy. son and nephew, of
.Mannsville, nre hero doing carpenter
work for H. K Thompson.
Messrs. Homer and Hill .lones of
Mm lc tin were visiting In l.eon
Sunday.
.1. M. Iteser Is reported on the
sick list.
V. F. Thotnivsoii Is contemplating
nioilng to Marietta.
Lawrence 'Montgomery visited rela
tives In l.eon SatunJay and Sunday.
Mrs. Allre Craves of lloyd, Texas,
is lulling relatives in l.eon.
Will (illbort has moved to this
place from Illinois lleiul, Texas.
Wlnnl'g. Cin., prtniMncn no work ,
eight hours a day.
The Canadian P.iclflc engineers and
the company -will arbitrate their dlf i
ferences.
Typographical t'nlon No. 7 of Pitts
bur. IM.. tins over 000 member, i
A local of the Iswt nnd alio uoik
era' nntiotml union has hetw formed
In lloston.
Farm bands In the Dominion liver
age $2 1. CO a month, ami female help
$13.50 a month.
A number of engineer- at Cleveland
Ohio, recently notified ee manag
ers that they would not sign open
shop contracts fomiext season.
An effort will be m.ide In Florida
lo bring ttbout the rooritnnlaaitlon of i
the Alligator Catchers' union, which j
illHlKiuded about a year ao
The strike of the rnilwav worker
in France has t criiihitfl by the al
most (Winp'ete victory of the workers '
Work has been resumed I
Wages of blast furnace men In Hug
laud were reduced per cent at the
close of the year, to continue through
out this quitrtor. Tin; tiMliicttou 'ook
place under the sliding sch'o.
An educational session once
a month with a professional export ns
Instructor, will be bold henceforth by
lloston. Mass.. coal hoisting (nglnecr
union No. 71.
Ifulldliig tnulosunlons tn Mlnue
npolls and St. Paul, Minn, are making
efforts to obtain wnge scales and
working rules which -v 111 guarantee
the same conditions to both cities.
Under the 'Worker' Insurance
laws there were on the average about
10.000 workers Insured In Stuttgart,
(lermatiy. In tlie year IK"" This ium
her fell, In consequence of the de
pression to nr. .ooo in i9os
The Japanese iinvo taken up the
niaufactnr of celluloid two factor
ies having booiv established recently.
one managed by an American, -with
American machinery, tin1 other by n
Swiss, with machinery from (lerniany
and France.
Miss l.aura A. Ilecox has tended
the light In tbe Santa Cruz (Cal.)
lighthouse fo rtlie Inst 2" years. Hir
ing nil that time the light hns v. v-r
gone out at night. Miss Hecox Is
quoted as declaring that she finds her
life neither lonely nor monotonous.
The bakers and emckor lmkers at j - -- .
Son Francisco. Oil., bavo apKilnted a , operatives, and the proMMt'ii h ii
committee to wait on the proprietors' boo ncarrled by 123 to 1.
May wood
THE BEAUTIFUL
An Addition to Ardmore in 10 Acre Blocks
FOR SALE
Overlooking' Ardmore from the North. Only one-half
mile from city. Location fine, soil fine and the price is
right. Rest proposition near Ardmore. Five io-acre
blocks already selected. Don't wait until they are all
sold then ask someone to kick you. Buy now while
you can get the best, all good, but some are better.
1 he price is right. Call at our office for full informa
tion. Phone 726.
Riggins Suggs Adams Co.
Ardmore, Oklahoma
Iloarso coughs nnd stuffy colds,
that may develop Into pneumonia
over night are quickly cured by Fo
ley's Honey and Tar .and It soothes
Inflamed membranes, heals tho lungs,
end expels tho cold from tho system.
Fleet to Leave Callao.
Cullo.1. Fob. 9. Tho American Pa
cific squadron under Hear Admiral
Swlnbuine. 'which arrived hero on
January 27, today completed prepa
rations for resuming Its trip and will
sail tomorrow for Madab-na May via
Panama.
The stay of th squadron horo has
been markol hy enthusiastic festivi
ties In this city and Minn, tho pro
gram Including a series of banquets,
balls, regattas, races and other
sports and pastimes. Adinlra' Swin
burne and stalf were given a hearty
reception by tho president of Peru.
Pneumonia Follows La Grippe.
Pneumonia often follows la grippe
hut never follows tho uro of Foley's
Honey and Tar, for la grlppo coughs
nnd deep seated colds. Hofuso any
but the genuine in tho yellow pack
age. Sold by nil druggists.
Read This.
Yates Center, Kan., Sept. 18, 1908.
After my doctors gavo mo up to die
Hall's Texas Wondor cured mo of
kidney nnd bladd.-r trouble. It Is tho
best medlclno on earth. Mrs. 11. S
Johnson. Sold hy all druggists. n&W
WE CAN DO YOUR CAS FITTING
"RIGHT NOW."
Don't wait until It gets cold again
Phone 60. Ardmore Supply Co
Phone C. F. Fraloy. Ho Is prepared
to do that carpenter work on short
notlco. 8-lm
of the local cracker Iwkerle to adopt
a union distinctive lnliel I iv order that
tholr products shall 1k recognized by
purchasers.
A movement starting In Chicago,
III., has lieen begun wllb a view to
holding proti'st meetings under the
auspices of orgauliuil labor In every
cJty In the llnlttM Slates on Lincoln's
birthday to protest sKnlust the sen-ten-ce
lniM)sed upon fioinper. Mitch
ell Mid Morrison, of the American
Federation of I.alior.
Unemployment Is on the Increase In
Oeniiiark as In all other count r'M.
The Federation of Danish Trade Urn
Ions states that tbe mporU of the va
rious federate! unions show that In
the middle of November out of 91.27:!
unionists, 12.871 were out of work,
one man out of seven.
iKviu-y third girl In the state of
Minnesota between the ages of lfi
and 20 years Is a wage earner, and
every second girl In Minneapolis and
St. Paul works for litre. For every
glil In the school room, university or
home, there Is a girl In the factory,
the mill .the store, the shop.
Massachusetts State Ilmnoh, A. F.
or I, legislative committee bus Intro
duced at the slate house bills for an
amendment to tbe eight-hour law lo
make It effective antl- InJnnotlTi,
peaceful picketing, workk-igmen's com
pensation, direct legislation nnd nine
hours In eleven for street car num.
A great national bureau for the em
ployment of labor Is soon to be estab
lished In tho national capital, Willi
branches In nil the largest cities of
the United States. If the plans of Sec
retary Straus, of the department of
commerce and Wilmr eu!mlnt as be
lias every reason to hope that they
Till.
A bill ling boon Introduced hi the
assembly at Albany. N- ., the pro
vision of which exempt employers
from liability In chsoh where the in
Jured employe Is able to return t'
duty within two weeks. Tho bill also
provides for the arbitration of tin'
sum which shall finally be paid to
an.liijurol workman.
With a vlow of consolidating. "
labor movement In the Imot trade, 'lie
Kngllsh national union of boot and
shoe clickers has recontly been !.ik
lug a ballot of its member on IV
question or whether they should Join
the national union o fboot and sho"
Women employed ns ordlnnrj dii
laborers ill the construction of l.ul'd
lugs, mixing the mortar. slf"i,", .mil
carrying bricks, and for u il'i.idn.g ,
coal, aro tho unusual conditions i isi (
lug In Prague and tdsowhen- In lleho 1
mill. Tho women uro paid lioni 32
to 10 cents a day. TV w-i-klng tl j
for thoio women Is from ', a. in to'
(' p. in. 'with an hour for dliinc". i
President Uoiiiners w II! it'il thol
next session of tho HritUh trade union i
congress to bo held no.-: spring and i
be has been ins'.ru?: J to Invd-tUu'" '
the workings of th-i KnulU'.i l-tw ' ill
ed the Kugllsh trad.-s dlipul'- act U s
Igned for the protectlor or tf
funds of tho unions. This be will i'o
with a view to obtaining material on
which to Vase a propose! .iv t ) pro (
tect the funds of Aiii"ru,m iin'ons
On the ground tint. Aauviem in om j
miners aro prevontel frin uik'i; a(
living in coal mines In Ohio because,
foreigners who have no experience1
have been allowed lo work for loS
wages, having been admitted to the
union at $lo a head, tho organization i
In convention at Columbus recently!
Increased Initiation ftw of Inexpert j
onced men from $10 to $1.1. Kxperlenc- (
ed men will be admitted at the for I
iner fee of $10, ,
Hills Imve been Introduced In the
Pennsylvania legislature to create
the state bureau Of labor statistics,
and Pennsylvania free employment of
(lc(. They are nnwlfUil after law
now ill force In IJIlnols. The si ate
bureau w-4'. he slmibtr to the fedei.il
dopartniwit or labor. One nea-ure
provides for alsiut ten five mplo
nnd ngmieles to be located 'n 'h
loading cities of tho state. Thrlr
m:ilii4enauco would cost about $t",0
000 annually.
The Oldest Inhabitant
Suys this is to be the hardest winter in ten
years, and that reminds us to ask you about
your plumbing. Better have it done now
hadn't you?
We are making red hot prices on both
plumbing and tin work.
SPREKELMEYER COMPANY
West Main .Street Phone 9
A. D. HYDE
Miner and 'Refiner of Asphalt
WOODKORD, OKLA.
Your inquiries and patronage solicited if interested! in
rock asphalt for paving purposes, refined
asphalt for roofing, etc.
Write lor prices and samples. Shipping point Ardmore
Plies Cured In B to 14 Days
PA'O OINTMKNT Is guaranteed to
euro any caso of Itching, blind, bleed
Ing or protruding Piles In 0 to 1
days or money refund-'d, 50c.
A POSITIVE CURE FOR DANDRUFF.
SCKMO fltopaltcbltiR Instnntly nnd will
euro any case of Dandruir or Itching
Ri-dln. ZRMO destroys tho dandrull
germ and prevents fulling hair. It will
give tho hair iiricb glossy color undlcavo
tho scalp clean and lieulthv.
For tnlu everywhere. Wrlto for sum-
nle. IS. V. IUMuJlcdielnoCo.,St. Louis
For salo by W. I). Frame.
$25
TO
CALIFORNIA
1 1-an ili.titly hL'lit'r Irt I t mime
t
1A
ONE WAY COLONIST TICKETS
O.t SAl.t: I1AII.V M.lHt II I IO A I'll II. ,1(1, I ))).
Tourist Slct'iM r tia'vi Mifi I i Ij , r.tltii. ry TunMlay si iixivir will lie n't xv
til at Hie druml I'.uiyot i nrtli n Lrinlv m irsdtr llnrvty .Murs l'irfi,"t h isln
i n-lit I-jim Time A ikiMiiI wM' tiru e y i our U luxu booklets un (.ultf irula
Kor ilctiilliu Hit irmutli ii, t Mtipitr. Auwit, ira lifi'sn
IV.S. Kt;i'VN. (.!.. V., UuhcMuu.
Use Ardmoreite Want Ads