The Peoples Voice (Norman, Okla.), Vol. 14, No. 18, Ed. 1 Friday, November 10, 1905 Page: 1 of 8
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eoples Voic
ijCm3 &
c
VOLUME 14,
NORMAN OKLAHOMA. FRIDAY, NOVEMBER 10, 1903
N CMBER IB
CO VERMEHT BANKS
OFFERED AS A
SUBSTITUTE TOR SECRETARY
SHAWS EMERGENCY CURRENCY.
Separata Stat3hood a D3al Oaa
Last Tuesday the people ir
the
pay it out soon, and the chances are
the identical money will be deposited
in the bank within twenty-four hours,
i The banker loans and loans and loan*,
I but all the time has about the same
amount of cash on band. We offer
further increase the number of dan. | K°vernn.ent banking as a substitute
i for Secretary Shaw's proposed emer-
gerously wealthy and impoverish the I currency.
masses, would remain the wealth of |
the people Nothing is building' up j
an aristocracy of wealth so fast as I
1 the banking business. If there was
i none but the small banker it would; Indian Territory favoring separate
(not so concentrate wealth, as he i statehood voted upon the adoption of
Editor Missouri World: • J spends most of his income in living, the Sequoyah constitution but at only
Secretary Shaw, head of the Uni- The government would not need any j a few points in the Indian Territory
ted States treasury department, in j considerable sum of money in order ! was any interest whatever taken
recent speeches, has advocated an | to start one or more banks in every
amendment to the na- county in the United States. The
tional banking law, to help the na-j building and bank fixtures would be
tional banks out in case of emergen- j about all that was necessary, for no
cy. He proposes that the govern- sooner would a government bank be
merit issue to national banks cur- opened than those who had surplus
rency, without security, equal to one- ] money would deposit in it. They
would do this because they would
know their money was absolutely
safe. Quite a number of people now
deposit their money in postoffices by
buying money orders and holding the
orders until such time as they need
the money. The borrower of any con-
Governor Ferguson to be
half of their capital stock, and charge
them five per cent, a year for it. He
argues, and correctly, too, that the
banks would not keep tbe money
longer than the emergency lasted,
because of the high rate 5 per cent,
interest. In the eyes of the banker
the election and only a vote of 250(10
was secured out of a possible vote of
150,000. The single statehood men
in the territory ignored tbe election
«very where save at Wilburton where
they turned out and defeated the
seperate statehood fellows to the
tune of 4 to 1. The election removes
all doubt that may have existed as
to the kind of statehood favored by
Indian Territory people. The terri-
tory is practically unanimous for
single statehood.
Election Results.
, . , i The result, of la*t Tuesday's elcc-
OUCCeeded oy OciptrrEintZi tions proved to l>.- very i", isperatitig
j to the machine candidates of b itb of
Last Wednesday it was given out j the o d parties. The people stepped
up to the plate last Tuesday awl the
way they knocked the old p.irty
it was given out
from the White House that Captain
Frank Frantz, Osage Indian Agent,
would be appointed governor to suc-
ceed Governor Ferguson, when the
latter's term of ollice expires .latiu"
ary 13. Capt. Frantz is an ex-Rough
Ilider and a personal friend of the
President. This announcement will
come as a great surprise to most of
the people in Oklahoma, who thought
there was not much doubt but Gov
ernor Ferguson would succeed him-
self, in view of the excellent record
he haB made as governor. The Gov-' candidates
ernor when seen concerning the re- ! ownership
port from Washington gave out the
following brief statement:
"I have no knowledge of the mat-
ter, except what was contained in
the afternoon press dispatches, but 1
that is a high rate, sure—when they j siderable sum usually leaves the bor-
rowed money on deposit in the bank
and draws checks against his deposit.
He gives his note to the bank, the
bank gives him credit on its books and
that's all there is to it. Some bor-
rowers especially those borrowing
small sums, take the cash, but they
Last Wednesday night a drizzling
rain set in and sti'l continues as we
go to press Thur?day afternoon.
Thursday morning it looked as if the
weather might clear up and many
farmers started to Norman with cot-
ton, but were caught in the rain and
had a very disagreeable trip.
« - JA -Aft J-t -If JJL -if Jfc -if--W -i' -i' •
IF IT COMES FROM
T=P.
haye to pay it It probably does not
seem so high to them when the inter-
est is coming their way. Some banks,
of course, would never be able to pay
the emergency currency thus borrow
ed of the government, but Secretary
Shaw doubtless calculates that most
bankers borrowing emergency cur-
rency would repay the money and
that the live per cent, interest would
cover any losses the government
might sustain. Mr. Shaw's proposi-
tion may be a good thing. Certainly | 2
it is hard on the people when there '
is a bank panic. Did you ever notice ^
that the great capitalists so shape 4
things that to save the people they !
(the capitalists) must have a big slice Tj
of favoritism? When tlie receipts ^
of the government are considerable j
in excess of the expenses and the
money is piled up in the treasury, it
is deposited in the banks free of in-
terest-practically loaned to the j ^ everything
banks without interest, for the reason $ wear, Shoes, Ladies Cloaks, Skirts and Millinery,
that it would be injurious to business > '
if the money were hoarded in the
treasury. The banks lend the money
thus deposited by the government j .
and thus keep it in circulation.
Mi st all the time for nearly twenty
years the government has had from .
fifty millions to one hundred and | ^
fifty millions of dollars
with the banks, for the use of which I,
the banks do not pay one red cent, j ^
but they have kept it loaned out at ■ *3
stiff rates of interest. The banks | ,
hundred and !
machine candidates out was M . re-
freshing to reformers every, here.
Tbe democrats Wednesday morning
looked like sick kittens ai d the re-
publicans were dazed. In the elec-
tions the democrats failed to re-elect
an important Candida'e n;: tig for
re-election, save Me('leiI i ul ind his
election contested, and the republi-
cans met a like fate lo ing oi t in
Ohio and Pennsylvania. The reform
running on Municipal
r Independent ti l<ets
triumphed nearly everywhere even
running strong enough to defeat fu-
sion candidates of the two old | ties
as was the case in San B'rat si o.
The democrats i< st everywhere save
believe that the reports are correct. 1 where democratic candidate- were
In the first place, I was not an appli- | 'he only ones people could ,ise to
cant for the place and it came to me j smash the republican macb'nt as in
unsolicited. I have been making no | Ohio and Pennsylvania two states
elTort for reappointment and heard I notoriously anti-demoeratic yet last
months ago that the President was Tuesday the republican machine
contem plating the choice of Captain I candidates were defeated badly. In
Frantz
has no regrets.
"I have no regrets, recognizing the
right of the powers that be to ap-
point whom they desire. Having
never sought the oftice, I will not re-
gret retiring from it. I have tried
to give the people of Oklahbtna
the southern state elections the re-
publicans showed some gain of
strength. The candidates champion-
ing the reforms advocated by the
Peoples Party were the winners every
where without regard to ticket they
were on. Tammany received the
greatest jolt in its history at the
good administration, and am willing j hands of the Municipal Ownership
that it should be judged by the peo-
ple.
iiis recoud wilt. show.
'•After my appointment, when 1
returnel from Was lington, I had but
one thought, and that was to carry-
out the policies suggested by the
President ami by the department of
the interior. In doing this I have
I sometimes been criticised by parties
party led by William Randolph
Hearst. Tammany lost practically
every thing in the election ino uding
its bets. It is true it is claiming the
election of McClelland by a little over
:t,000 plurality over Hearst but the
Hearst followers have already filed a
contest and thousands of affidavits
showing where the Tammany inspec-
tors of elections cointed Hearst votes
' Now is the time you need Fall Goods, and we have :
^ everything you need. Dress Goods, Clothing, Under- "
I
have probably ma«le
fifty million dollars c^ear money out
of the government deposits in the ^
last twenty years all for the good of j ^
the people. There are ways of car- *j
ing for the people's interest without J ^
giving the already rich millions and
millions more. Instead of providing
an emergency currency for the banks ; ^
to meet panicky conditions, why not
avoid the possibility of panics? Why ^
not establish government banks? j ^
Why should not the government re-j ^
ceive the people's deposits and lend ,
money? The banks have not more , ^
than one dollar of their own where | ^
they have live loaned out. The busi-
ness of banking is really a public
utility that ought to be in the hands
of the government. The state of
Indfana was for many \ears in the
banking business, and while it made
loans to the early settlers of that
state at what was ihen a low rate of i ^
interest, it made five dollars for each ! ^
dollar it invested. The Civil war Jjj
came on, diverting the people's at-
tention and the bank's charter was
not renewed; the private bankers and
money lenders no doubt being active
in seeing that it was not renewed.
Government banks lending money at
a low rate of interest that would be
very profitable. They would clear
not less than five hui.dred million dol-
lars a year and this would all go back
to the people in the way of public
improvements or tax reduction. In
twenty years ten billion dollars—
more than enough to pay for all the
railroads would be made, and the [3
borrowers would bo saved as much,
Thus In twenty years not less than 11
twenty billions of dollars, now on its j
way to the coffers ox the rich to | a
f -. r
clever tailor-
i'v. \
I,. i",
Pl:MC.H BROS Li.
j in OitI ihomi for not participating I for McClelland and refused to le: the
more in partisan affairs, but I have j Hearst men vote. In one district
I endeavored to give the people a good j alone in city tbe Hearst men claim
j administration, believing that the ! Hearst lost .50,0'>0 votes by I ammain s
| best government is the best politics." I methods and that a
To women
contemplat -
ing Skirt or
Coat buying
we recom-
mend i n -
deposit spection of
inhirh I ' i
our magni-
ticent assort-
ment, every
model of
which is of
the distinc-
tiveness that
results from
Exceptional Values Bewildering in Beauty and Variety
, Our Dress Goods have the quality which stamps them
i above the average fabrics—in fact, they occupy a place of
^ their own as leaders among the favorite dress material
this season.
KEMLMBCR Obit LINE OF
Gl-iOCEKIES
Is always Fresh and complete.
GET THE HABIT TRADE AT
BERRY'S.
The President also assured Delegate
McGuire, Cash Cade and Charles Fi 1 -
son, who called on tbe President the
first of the week, that he would rec
ommend single statehood for Okla-
homa and Indian Territory [in his
. tssage to Congress.
Married at the home of the bride's
parents in this city last Wednesday
at high noon, Il;v. F. M Alexander
officiating, Chas. M Christenson, of
Kansas, City to Miss Josina Longwell,
daughter of Mr. and Mas. W. II. Sea-
! well. A beautiful wedding was ser
1 ved by bride s parents to about forty
i guests. The young couple received
I many beautiful wedding presents and
j a big shower of rice as they took the
afternoon train for their future home
in Kansas City, where groom holds a
position as book-keeper for a big
Commission firm. Some mischievous- ten thousand,
ly inclined fellows tied a pair of baby
shoes to bride's trunk: but the couple
will know nothing of this present un-
til trunk is delivered at their home in
Kansas. The bride i* a very estim
able young woman and enjoyed a wide
I circle of friends in Norman and the
I groom, for a time served as book-
keeper here in the National Bank
and made friends with all he came in
contact with and the young couple
departed from Norman with the well
wishes of many Norman people.
There is a man here whose obesity
and slovenlyness Increase with his age
He lias reached that point where
personal appearance i- the least of
| bis worries. The other morning he
came down town with his chin all
I smeared with egg. 'I'll bit I can
tell you what you had for breakfast
| this morning," said a bright young
lawyer who met him. "What did 1
have," asked the man. "You had
eggs," replied the lawyer. "You
are mistaken," said the man. "I had
eggs yesterday morning."
Street Commissioner Shelton has
had street force at work this week
recount of the
ballots will show Hearst elected by a
big plurality. The following is
Hearst's interview given out to press:
"We have won the electron : all
Tammany's fraud; all Tammany's cor-
ruption; all Tammany's intimidations
■'and violence : all Tammany's false
registration, illegal voting and dis-
honest count have not been able to
overcome the great popular majority.
The recount will ahow we have won
the election by many thousand- of
votes. I shall fight this battle to the
end in behalf of the people who
have cast their votes for me and who
shall not be disfranchised by any ef-
fort on the part of the criminal
; bosses."
Bird S. Coler, elected president of
' the borough of Brooklyn on Muni- pa1
Ownership League Tickef, declares
that Hearst is rightfully elected by
He says:
"Hearst ha> been cheated by tre-
mendous fraud--of 'Tammany 'I hep'
is no doubt whatever of bis eh lion
I shall work day and night to see ti at
justice is done
District Attorney .lerome won in
spite of Tammany, aid he, ton, be-
lieves Hearst elected and lias prom-
ised to do all in his power to see that
the will of the pe >ple is not set aside
by Tammany. Mr. Hearst h.1: If
say-: That in less th in a year's lime
he will have a string of Tammany
men marchiny to Sing Sing peniten-
tiary for the crime* they committed
against the franchi-e of the people
in the recent e'ectinii. F. very body in
New York seems to be backing up
Hearst in the tight he has inaugura-
sed against Tamm in., and the chain es
look good for IT -t being seated as
mayor.
The -1 year-old child of Mr and Mi -
ll. H: Wallace died last Sunday night,
and on Wednesday night their 7 yeai-
old daughter died. The children were
afflicted with a throat trouble very
much resembling, if not, diphtheria.
This Is the first instance we have
where two members of the
putting down brick street crossings j heard of
on Main street. A number of new same family were afflicted by this
brick walks have been put down all | tbroat trouble, although there are a
over the city during past week and number of case* of trouble in the i ity
the old rickety plauk walks thrown | and surrounding country, but few fa-
aside. | taiities up to present time.
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Allan, John S. The Peoples Voice (Norman, Okla.), Vol. 14, No. 18, Ed. 1 Friday, November 10, 1905, newspaper, November 10, 1905; Norman, Oklahoma Territory. (https://gateway.okhistory.org/ark:/67531/metadc116097/m1/1/: accessed May 7, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.