The Daily Transcript (Norman, Okla.), Vol. 6, No. 292, Ed. 1 Friday, March 7, 1919 Page: 3 of 4
The following text was automatically extracted from the image on this page using optical character recognition software:
The Daily Transcript. Norman, Oklahoma
Barbours Lease Texas
Land for $100 Acre
At the time of the death of Mr.
J. B. Barbour, father of the Bar-
bour brothers of this city and lone
one of Norman's most respected
citizens, he was the owner of 320
acres' of land near Iowa Park,
Texas, which he had purchased
when land was low in price in that
locality. Since his death, Mrs.
Harbour and the heirs have been
offered fairly good prices for it,
but declined to sell, and their good
judgment or good luck has been
demonstrated by the fact that they
have sold an oil lease on half of
it at ¥100 per acre or a total of
$16,000, and closed the deal to-
day. They still retain their rights
in the other 160 acres, which is
probably worth as much or more
to the oil men, but they can now
afford to wait for future develop-
ments. Wells will be commenced
on the 160 acres at once, and inithe
event anything is struck, Mrs.
Barbour and the heirs get one
eighth royalty in addition to their
$100 per acre lease money.
Iowa Park is near the center of
the new Texas oil fields, and a
telegram from there to John W.
Barbour, Thursday, told of oil be-
in* struck in a well within one-
half mile of the Barbour land.
Numerous other wells are going
down all around it and tho prom-
ise of a rich field is excellent.
' All who know Mrs. Barbour and
the children will rejoice with them
over their good fortune and hope
they may all be mlllionaires-
A-hich is by no means impossible.
Charging off £ebts
On Income Returns
'•Numerous inquiries have been
received concerning the allowances
for 'bad debts' in the ft tog: of
an income tax return, sal
'lec'or of Internal Revenue Hubert
L Bolen. , , .
"Bad debts recognized as sue
prior to the taxable year 1918 are
not deductible. Only such debts
as have been charged off as wort
U-ss within that year may be
claimed. Where all surrounding
circumstances indicate that a de
is uncollectible and that legal ac
tion to enforce payment, m all
probability, would be useless a
showing of these facts is suffi-
cient evidence of the worthiness
of the debt for the purposes of
"Bankruptcy may or may no
«, indication of the worthlessness
of a debt. Actual determination
of such worthlessness in such
cases is possible only when settle-
ment in bankruptcy is made
Only the difference between
amount received in distribution
and the amount of the claim may
be considered as a bad debt,
difference between the amount re-
ceived by a creditor in distribu-
tion of a decedent's estate and the
amount of the creditor's claim
may be considered a worthless
Kodak film-, developed FREE;
save; twvnty-i"> e per cent on
your i:cual< wo •> Prompt ser-
vice —BP-OPin ST' 1IO.
2-d & w 24t
Closes Famous t ase
At 3 o'clock on Thursday after-
noon, March 6, 1919, the jury in
the case of John Jay, charged with
complicity in the murder of Depu-
ty Sheriff Grover Fulkerson,
brought in a verdict of acquittal,
after being out seventeen hours,
and coming into court twice dur-
ing their deliberations to have cer-
tain testimony repeated to them.
Jay was released from custody
following the verdict, and return-
ed Thursday night to his home in
occurred. Holden and Jay were
1 two notorious bootleggers, and
when they were stopped by Mr.
Fulkerson, who desired to search
their automobile for liquor, they
showed fight and in the scuffle
that took place, Holden shot Ful-
kerson. Holden and Jay then
piled the body of Fulkerson into
their machine and brought him to
Norman, where he died shortly
after, but not before he made a
dying statement, which later caus-
ed the conviction of Holden as the
man who did the actual killing.
Holden is now in the penitentiary
serving a ninety-nine year term.
This closes all proceedings in a
murder that stirred Norman and
Cleveland county to the very-
depths, on August 17, 1917, when
the young deputy sheriff met his
death at the hands of Chas. Hold-
en and John Jay near the south-
west corner of the D. R. Boyd
section of land, west of Norman.
The jury has said that Jay was
not concerned in the actual mur-
der, but he was in the Ford road-
ster with Holden when the murder
Mr. and Mrs. J. E. Lovett have
arrived from Tuttle, Okla., and are
in their new home, the property
! north of the high school formerly
owned by Judge Wolf, which they
I recently purchased for $1,000
Mrs. Lovett is a daughter of Capt.
and Mrs. Furbee and they are in
every way desirable citizens.
All the New York papers speak
in the highest terms of the pic-
ture, "Cleopatra," which comes to
the Liberty Theatre in Norman on
Friday and Saturday of this week,
The Transcript and all her
friends are pleased to learn that
the condition of Mrs. Will Morris
continues to improve and there is
every hope now that she will per-
manently recover. It will be re-
membered she was brought from
her home in Noble a week or two
aKo and underwent an operation
for appendicitis at Sunshine hos-
pital, and for a time was in a ser-
Marvin Kidd and family have j
moved to the Jim Boyd farm.
—a complete line of
for the individual
See them at
j CLEAN - SANITARY
We know our service will
meet with your approval.
Our Prices Are
Pay the English Kitchen a
visit when hungry.
Number 757 DeBarr Avenue
MRS. BELVA CAPSHAW.
MISS ISABELl.E MUMFOBD. |
IS NOW OPEN FORI
A Car Load of
"Bliss T riumph
$1.40 Per Bushel
U. S. Tubbs
Phones 31 and 224
Hauling of All Kinds
DONE PROMPTLY AND CAREFULLY. GIVE US
WE MAKE A SPECIALTY OF HAULING TRUNKS
Office Phone 225 Residence Phone 505
N < ^1' «
Your Earnings Fram Worh
Your Earnings From Investments
iy lit Have Twffl Incomes
. tans. Your money back
Are in Demand
5 Ford Touring Cars.
Prices range from $27o.OO to
I Maxwell Touring Car.
1 Pullman Roadster.
1 Chevrolet Touring Car.
1 Oldsmobile Touring Car.
Hie above are all in good
mechanical condition, and are
priced to sell.
A few good ones left at
prices that are less than the
buildings cost. We give you
|F you can save $S a month you can become
I a profit-sharing partner m
Oklahoma Gas & Electric Co.
7% Preferred Stock
Your partnership earnings checks willI come to
vou regularly every three months, just a.
have to our ever-increasing number of preferred
shareholders, promptly ea.t". «.,u every quar
for many years.
Thi« is a real, high-class investment oppor■
tunttyCa^the worker depend,,We .^worthy
- on-the-square. No red tape. Your money back
with interest if you can't complete your payments.
Here is something that a wage earner can
haidle and get a square deal, on just as go
capitalists. A re^ar m-
come paying investment in a large sou y
managed company that is growing all the time.
>\s long as a utility company grows it needs
investment money to build extensions and addi-
tions. We put the money of the wage arne
•ind the capitalist alike to work in public
service needed for prosperity and development.
Send me the tacts about your partnership
McDaniel 6 Matthews
^ " wj *' Mil!
once o.Ti/ie KncJ to FmancialJndepenJence.
OKLAHOMA GAS &
FRANK CARDER, Manager
122 West Main. Norman, Oklahoma
Here’s what’s next.
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
The Daily Transcript (Norman, Okla.), Vol. 6, No. 292, Ed. 1 Friday, March 7, 1919, newspaper, March 7, 1919; Norman, Oklahoma. (gateway.okhistory.org/ark:/67531/metadc113989/m1/3/: accessed February 22, 2019), The Gateway to Oklahoma History, gateway.okhistory.org; crediting Oklahoma Historical Society.