The Shawnee Daily Herald. (Shawnee, Okla.), Vol. 15, No. 144, Ed. 1 Friday, January 20, 1911 Page: 2 of 4
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THE SHAWNEE HERALD, FRIDAY, JANUARY 20, 1911
EVENING EDITION
HE SHAWNEE DAILYHERALD
ICTOR E. HARLOW, Editor and Publisher.
ctered at Shawnee Post Office as Second-Claw
Mail Matter
nefis. it its doubly nw- ;iry to devise some plan'
to protect it wlif-ii it i- tied into nnmberles*j
oilier enterprise;- which are far niorp hazardon*.
If Deither plan can I*- worked out. if the fie-
ld for trust
>o (rreat to 1
iible to sop;
RATES OF SUBSCRIPTION:
-titr
y carrier, per week,
ne year, by mail...
ix months, by mail,
hree month.-, by ma
ne month, by mail.
.% .10
. 4.00
2.00
! i.oo
. .50'
he jniaranty
ne the two H
ASTERN ADVEETISING REPRESENTA
TTVE—I. Kate, Temple Court, New Fork
Citv, and United States Express Building.
Chicago.
Telephone 278
he result of just this
ontinued no longer.
Either put them o:
ir free the banks froi
lianking powe
t does not seei
s so as to fri\
'.ion offered b
moved from i!
It is not pr-
of institntioi
' <ent conditio
rv to no one.
id it should I
MLLE. GABY DES LYS
UNCROWNED QUEEN
OF PORTUGAL
11-
unji
"RUST COMPANIES AND THE GUARANTY
LAW.
rHK introduction of the bill by Stewart and
Mernrninpcr }* nnittinir the organization
of trust eompanies on a capital of $25,(l00.
erves to call attention to a very grave defect
a our present bank guaranty law.
Under the present law. the five trust com
•anies doing business in Oklahoma are trans
.ctiri^' a general banking business, at the nam-
ime that they are carrying on a general trust
xKnpany busi'ne--. In pursuance of the latter
rt of their bu=ine^s, they enter many line-
rhich are closed to strictly banking institu
.ions, for the reason that they have long been
mown to be too hazardous for safety to deposit
ws. For example, a bank cannot make bonds
>r act as trustee or guardian, or trade in real
tate or loan on speculative security, such as
(il or mining stocks, or do a thousand and one
things, all of which is permitted to trust com-
panies, and are every day done by them. The
result is, that the assets of the trust company
may very readily become absorbed in enter-
prise* which are decidedly hazardous, and
which no bank would be permitted to earn- in
its assets.
Yet, at the same time, these trust companies
are nnder the protection of the guaranty law.
The banks of the state, which are required by
law to be conducted with extreme care, with
reference always to absolute safety, may be in
first class condition, may Is- free from any fault,
yet the fund which they contribute for their
mutual protection and the protection of their
depositors may lie swept away in a night bv
the failure of a trust company which was not
required to comply with anything like the same
protective conditions. This, in fact, is precisely
what occurred in the ease of thp Columbia Hank
and Trust Company. Tt was not the business
which was done in accordance with the require-
ments of the banking laws which wrecked it;
it was the business done outside of the banking
laws, investment in assets which no bank on
earth would be permitted to carry, transactions
which were legal as a trust company but would
probably have sent anv board of bank directors
in the state to the penitentiary, which absorbed
its funds and left it a shell when the crash
came.
Now one of two things should be done.
Either trust companies should be prohibited
from doing a banking business, or some ar
rangement should be made by which their
assets used in banking can be entirely segre-
gated from those nsed in other lines of busi-
ness and freed from the liabilities attaching.
In other words, if it is found necessary to throw
restrictions around the banking business when
it is conducted separately from all other lmsi-
Tbat bill making increase of municipal in-
debtedness t>eyond a limit of 80 oer cent of the
valuation illegal and a felony in the officer-
creating indebtedness, is <• good one and should
pass the legislature. .The tendency in Okla-
1 iiorna is entirely too much towards extrava
gance, both individual and public, and any-
thing which can tie done to limit it is a worthy
I measure. Especially is the tendency marked
.mong city officers to spend money too liberal
llv for city improvement of various kinds, usna"
ly for good purposes, but sometime- for utterly'
unworthy ones, and something of this kind,
which would cause them to consider the matter
a little more seriously would lie an excellent
thing.
—-O
ON PROBATION.
HE eyes of the country are upon the next
Congress, and the politics of the nation
of a good many years to come will be de-
termined by the judgment and patriotism shown
by the Democratic majority in the national
1 louse of Representatives. The party has not
in half a century bad a finer opportunity, and
those who believe in the fundamentals upon
which it has been based for over a century and
who hope to see them again placed in operation
in this government are earnest in their hoj«-
! that the men who have been sent to Washington
! to represent us may not fail.
In this connection the Oklahoinan has the
I following pertinent remarks:
"Representative Champ Clark, who U slated to be-
came the speaker of the house In the next congress, has
called attention to the Indisputable fact that the Demo-
| cratlc party, which benefited greatljr In the recent con-
| gresslonal and state elections, la 'on probation.'
"That Is something Democrats, and particularly those
who figure in politics, should keep well in mind. Borne
in mind It will have a steadying influence in congress
and should prevent some of the follies that have char-
acterized democracy In the past in the hour of triumph.
It should also Impress the democracy in states where
the political balance is even or where political conditions
are Buch that evldrtit ignoring of the popular will may
serve to upset the party In power at a succeeding elec-
tion.
"Politically this la a critical period. Perhaps there
never was a time In the history o,' the country when
men—a majority of men gave so little consideration to
party as compared to the demands of popular welfare.
This Is a time when the average voter is far more con-
cerned in the reduction of the cost of living and limiting
taxation to the exact point of meeting legitimate and
economical demands than he Is In the welfare of indi-
vidual politicians or of a party.
"At the present time the Democratic party Is con-
fronted by splendid opportunities. Yt conditions are
remarkably favorable to nebular groupings politically.
There is occasion for serious thought on the part of the
individual and most careful management on the part of
leaders.
"The Democratic party Ib truly on probation. Its
friends are anxiously hopeful that It will manifest both
strength and pnidence. Its enemies expect it to fall."
•ed in severs •
and rest
lnc ..
lining room was alwa
advance for their use
Manuel returr-1 to Wood
Norton, Mile. DfS Lys went to Eve-
ham for a short stay. There the
Manue continued. He would
from Wood Norton ever-.
_ _ la her company fot
■M n.
m
HAS H0 SUBSTITUTE
PUli-f 71
mmm
Absolutely Pure
"ha nniy bakiny uowtler
."i nde front JfcyaS Gi apo
Cyream of larizr
HuALlJM.NO L!M- PHOSPHATE
a refrigerator by two young burglars
who robbed his store, Charles Ren-
ner, a North Side grocer, was forced
to spend the night there. Wiien res-
cued by his wife this morning he
was almost frozen.
LiiJUiA's iniisc or ine "\k.ihii
/■< 16,000 tons, fine, large, mm
1 I1 unusually steady. 1 ■ *
10 THE ORIENI
February 4 to April 16, 1911
Seventy-ore days, costing only $40#.00
and up, including shore excursions.
SPECIAL FEATURES: Maderia, Ca-
dis, Seville. Algiers. Malta. 18 day*
in Kuypt aad the Holy I.and. Con-
stantinople, Athens, Rome, the Rivie-
ra. etc.
30 Tour* lo Europe. Other Taurc.
FRANK C. CLARK,
Times Building. tt Yark.
Electrical
Equipment Co.
ELECTRICAL CONTRACTORS
UNO ENGINEERS
122 N. Bdwy
Phone 190
•"< REMBRANDT'S GREAT CANVAS, "THE NIGHT WATCH," PARTIALLY DESROYED RECENTLY.
Kembrandl'a masterpiece, "The Night Watch" showing alanhea inflicted by a discharge! naval cook.
The cook wlxwe name la Sigwist, entered the Kljiut Museum, in Amsterdam and deiiDerately mutilated the
famoua painting.
This act of Vandalism Is believed to be in revenge upon the atate for discharge from the Dutch
navy.
Art experts extend but Utile hope of returning the painting to Its original condition though It Is
thought the cuts may be partially repaired.
HELP FOR VETERANS'
HOME THE FIRST
BILL OF SESSION
PROMOTERS OF CONFEDERATE
HOME HAD MORE THAN
FILLED AGREEMENT.
Special to The Herald.
Oklahoma City, Okla., Jan. 20.—
Outside of the legislature appropria-
tion bills, Gov. Cruc© put his signa-
ture to the first bill of the present
session when he signed the house
bill by Maxey Rexroat and Cham-
pion of the house and Allen of the
senate, transferring $10,000 of the
$20.(KK appropriated last year for the
maintenance of the Confederate Vet-
erans' home Ardmore to the build-
ing fund. Ti* original appropriation
was made contingent on the expen-
diture of $20,000 by the promoters of
the home for buildings for it. They
hav«- exceeded that limit by nearly
$10,000^ aud will now be reimbursed
by the state for the excess. The trus-
tees of the home consider that the
remaining $10,000 will be sufficient
for maintenance.
GHOST DANCE
The New Century Club, now in its I
second year, has become recognized
as one of the leading women's clubs
of Shawnee, the city of clubs, and !
by a previous arrangement th.
ghosts of tke members of the New
Century club and the ghosts of the!
husbands held a romlaw a1 the res
dence of Mr. and Mrs. J. O. Prows<
Wednesday evening, January 18.
This lovely home, widely knowi
for the hospitality of its owner * pre
eenter a weirt! and ghostly appoa'
ance with its dim lights and bats an
reptiles confronting you constantl>
amid the wailing and moaning of tie
unhappy ghosts, ctvmlngllng with th<
low sweet murmur of the happy
ones.
Promptly at 9 o'clock the ghos
dance began and continued until tne
high ruler called them to assemble
in one room where their Identity was
revealed after bard guessing by all.
When it was found the ghosts of the
following had aserabled: Mevsr*.
and Mesdames Prowse, Leltch, Hol'n-
way, Smalley, Hartman. Streeter,
Caldwell. Carter, Williams, Ray, Roe,
and Edwaras.
After a short social hour a delici-
ous two course luncheon was served,
the place cards being pen and ink
sketches, the dainty work of the
hostesses, 'l he favors were gilded
peanuts, inside which each guest
found a summon from a departed
ghost to perform some duty, each
entered heartily into the plan, which
created much merriment. It was mid-
night when the ghosts departed to
assemble again in 1912.
To the hostesses, Mrs. Carter.
Leitch, Smalley, Streeter, Williams
and Hollowsy is due the credit of
the successful ghost party, a more
unique or enjoyable afair it has not
been our pleasure to attend and their
hospitality will always be gratefully
remembered by the members and
their husbands, in whose honor they
entertained.
The invited guests were Mrs. Ray.
Mrs. Blair, Mr. and Mrs. Holdsworth
and Mrs. and Miss Myers.
JUSTICES HAVE PETITION.
Murray County Officials Start Move
ment for Better Laws.
Sulphur, Okla., Jan. 19.—At a
j meeting of the justices of the peace
< f Murray county it was decided to
ask the different justices in thr
state of Oklahoma to hold meetings
in their respective counties on Janu-
ary 25 and elect delegates to a state
< onvention to be held in Oklahoma
| City, February 1, while the legisli-
jture is in session for the purpose of
placing with the legislature a bill
giving justices some relief from the
present manner in which their offices
are run.
R. F. Biggers, J. A. Holland,
Mgr., Asst. Mgr.
Phone 768 for
Insurance, Loans, Real Estate
Rentals, Trades and Swaps
R. F. BIGGERS & CO.
Office over Holm's Ladies Ouk-
fitters, first stairway west of the
Kress Building 1073^ E. Main St.
SHAWNEE, OKLAHOMA
Dental Parlors
SPENDS NIGHT IN ICE BOX.
Tulsa Grocer, Locked in by Burglars
Almost Frozen.
Tulsa. Okla., Jan. 20.—Locked in
Eat Luscious
"Red Ball" Oranges {fUl
106 1-2 E. Main, over Hickey Broa.
Phone 1154.
Look for the Marble Steps
at Entrance.
Gold Crown.
| Porcelain Crown.
Bridge Work
Set of teeth, $5; upper and lower,
both $10.
PAINLESS EXTRACTING.
ALL WORK GUARANTEED.
S4T0S5
Lemons
Ask for "Red
Ball" lemons
and note how
much julc
they are. and
how much
farther they
go in pie'
p a r I n i
taucti,
laladi,
c ft k
ptc«
drinks.
Seediest, Juicy and Sweet
Five thousand California orange farm*
ers, raising over 60 per cent of the state's
entire crop, select, each season, their
choice oranges and pack them under the
name ''Red Ball." This enables you to
recognize and buy California's delicious,
tree-ripened oranges.
Until you have tasted a luscious "Red Ball"
Orange, you cannot begin to appreciate the
O. K. Transler Co.
A general transfer and stor-
age business. Household goods
a sjfecialty. Kslick <fe AValknr
205 S.'Union Phone 409
excellence of oranges that are properly grewn,
rigidly inspected, carefully packed and swiftly
transported. Serve "Red Balls" on your table
tomorrow morning and learn the superiority of a
tree-ripened, seedless, solid and souna orange over
the commonplace kind. "Red Ball" Oranges are
so uniformly go d and so nearly all food that they
are a truly economical diet.
The "Red Ball" Orange is a firm, solid, tasty
fruit. Ask your dealer for the "Red Ball" kind
and make sure that each orange you get is packed
in a tissue wrapper labeled "Red Ball. For ,
these wrappers are valuable.
FREE—This Handsome Rogers Orange Spoon
Bare 12 "Red Ball" ortni* 'or lemon) wrapper* and
lend them to as. with 12u lo pe> < packing. etc .
and we will preaent |o*i with n jtenuiui' Roeera Oranirw
Spoon, of beautiful dmi«n aad hittbeal quality. bv«m
M'.n.g wrni'pvni tod*;.
In r*mlttin«. rlcaaa send one-rent utamp* when th
amount i* law than 34c. on amount* abotr !l:, wo pmhr
, monvy order. eipr<-« ord«>r or t*nk draft. V>n will l« '
glad to M-ntf jrow ooaipte* I tat of valuable premium* «
" b"n«-r bcth "H«d B*]!" aad ' Hunkiat" wrapper* f«r P*e-
Oranges
Frail Groweri' Eicku|t, 34 ClukSt., Ckicifo, IlL
Shawnee
Commission Co.
12$ N. Broadway
Rear Fenster Cigar Store
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Harlow, Victor E. The Shawnee Daily Herald. (Shawnee, Okla.), Vol. 15, No. 144, Ed. 1 Friday, January 20, 1911, newspaper, January 20, 1911; Shawnee, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc104957/m1/2/: accessed March 18, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.