The Billings News. (Billings, Okla.), Vol. 10, No. 40, Ed. 1 Friday, July 2, 1909 Page: 2 of 4
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D. O’DONNELL, President.
CHAS. L, GOBBLE Vice Pres.
8. W. SMITH, Cashier
THE CITIZENS BANK
■tilings, Oklahoma.
Surplus and Undivided Profits $.r>,000
CHATTEL AND FARM LOANS.
Directors:
D. O’Donnell
R. F. Howe
Chas. L. Gobble 8. W. Smith
J. W. 8troup W. G. Cook
Ospoillori are protected by the Guarantee Deposit Fund of the State of Oklahoma.
Established 1899
Fred Kingery
J. M. Smith
Entered in the Post Office at Billings,
Dkla., as second class mail matter.
Subscription Rates,
1 year paid in advance............1.00
6 months....................... SO
1 year not paid in advance........1.25
FRIDAY. JULY 2, 1900
THE BILLINGS NEWS!am*ndmen* wil1 be wholly against its
- publicity features. Already the repre-
Published every Friday by L. C. Brown ; sentativee of corporate interests are at
work in the capital creating sentiment
on one hand and begging on the other.
Thore they are suppliants to their sel-
fish interests, but to the people they
are maaifeitly cold and indifferent.
The idea of being required to eobrnit
their records for inspection to govern-
ment agents is most forboding. Tha
fact that a fine and imprisonment awaits
the officers who makes a false verified
return is not at all satisfactory.
The system of the Vanderbilts,
Rockefellers, Gouida sad Harrimans
has become astonishingly permanent.
The key to it ia "aeereey.” It hidee
behind secreoy; iti defense is secrecy;
its pewer is secrecy; its stability it
secrecy. It is a deceptive, rapacious,
oppressive system so deeply implanted
in the politics and commerce o( the
country that nothing short of publicity
will operate as a remedy. Therefore
let ui publish.—Enid Morning News.
PUBLICITY
President Taft, aftor conferring with
members nf his cabinet and certain
esoatora and congressmen, has recom-
mended that a tax of two per cent up-
on the not income of all corporations,
exempting therefrom $5,000, be provid-
ed for in the new tariff bill. He also
advisee that all corporations liable to
taxation under the provisions of this
amendment be required to make an-
nually, on or before March 1, a report
to the commissioner of internal revenue
in Washington. The report will cover
nine propositions which, when anal-
yzed, will disclose:
First—Amount o! paid up capital of
domestic eompaeies, and amount of
capital in use by foreign companies.
Second-Total indebtedness.
Third—Gross income.
Fourth—Amount of dividends receiv-
ed from other corporations subject to
the tax.
Fifth—Total expenses actually paid
out.
Sixth—total losses actually eustained
duriag the year not compensated by in-
surance.
Seventh—amount paid on bended and
other indebtedness not exceeding tne
capital stoek of the company.
Eighth—Amount paid for federal or
local taxes.
Niath—Net income after making de-
duction as above mentioned.
If the president is eucoeeiful in the
enactment into law of the several jjkop-
ositioae wbieh he has recommended it
will be the most signal victory in the
line of reform yet won in the legislative
history of this country. For fifteen
years the press, platform, reform par-
ties, in fact, the whole people, have
been working for the enactment of a
law that will unmask the corporations,
combination! and trusts of the United
States so that tha officers of the govern-
ment and ae wall of the several states,
■ay see and know the amount of capital
actually invested; the amount of bond-
ed debt; the gross income; the net in-
come; the method or manner of con-
ducting the business, la brief the pub-
lie as investor and taxpayer has long
since demanded the eaactment of a law
that will lift the lid of eecreey from off
the business of the corporations of the
couatry in the interest of good gevern*
ment, investments, trade and commerce.
Publicity of the affaire of corporations
end trusts ia imperative that the best
form of government may ebtain. It is
lndispensible to the best interest of
stockholders and others uterested. The
proposed law regarded oaly as a tax
does not worry many people. It will
not trouble any corpe ration that ie hon-
estly conducting its business and will-
ing to pay its just share of the expense
nf the government. If the government
becomes satisfied that a false return hae
been made, or whan no return hae been
made, the commissioner is authorized
to examine the books and records of
the corporation, to take testimony of
its officers, and, finding that any re-
turn ie intentionally untrue, he is ro
qnirod to double tho percentage of tax-
ation, and in oaeos of neglect or refusal
to make due return, the eomraiseionor
(boll add 50 per cent to the tax. The
2 per cent tax feature of tho proposed
law ie not the most important part
thereof. In many of tho states the as-
sessor has no adequate means of as-
certaining the monies and property of
the corporations with the result that
corporate interests are not required to
pay taxei on only a portion of their
property. According to the report of
tho commissioner of corporations, re-
cently made, tho corporate property of
the state was rendered far taxation at
about $13,000,01)0, when in fact it was
worth about $35,000,000. When reports
of the corporations of the country are
made public it will result in still more
legislation tending to regulate and safe-
guard investmente In this claes of prop-
erty. We hare no doubt but that the
fight which will be made against this
Sees Mother Grow Young
"It would lie hard to overstate the
wonderful chuuge in my mother since
she began to use F.lectric Bitters,"
writes Mrs. W L. Gilpatriek of l)an-
forlh, Me. "Although past 70 she seems
really to be growing young again. She
suffered untold misery from dyspepsia
for 20 years. At last she could neither
eat, drink nor sleep. Doctors gave tier
up and all remedies failed till Electric
Bitters worked such wonders for her
health.” They invigorate all vital or-
gan#, cure Liver and Kidney troubles,
induce sleep, imparl s'renglli and ap-
petite. 50c at Corner Pharmacy.
PLAN TO BE ADOPTED
Guthrie, June 17.—That the indemni-
ty and public building lands will ba sold
by the School Land Commiasioners as
soon at the value on the lands and their
improvements can be satisfactorily ad-
justed, was announced by Governor
Haskell last night to a committee ot
echool land leasees who had appeared publio eervioo corporations, which ie
before the board. The committee rep- j set by the state, figured out to be at
reeenting the lessees were: J. B. Tosh, I least $6,500,000. According to news-
credit. This was working a serious
hardship upon the lessees of the state,
who in good faith had placed these im-
provements upon the land, and the
omitting of them from the sehedale
was not benefiting the state, because
in case of sale the purchaser of the land
instead of the state would ba benefitted
by the low price; placed upon the im-
provements.
The board deeided that all of these
things constituted improvements and
that in case of sale, the lessee should be
paid for the same.
The following schedule for apprais-
ing the improvements was fixed by the
board:
For placing prairie land in a thorough
state of cultivation, from two te four
dollars per acre.
For placing grub or stony land in a
thorough state of cultivation, the max-
imum price to be twenty dollars per
acre.
Fences, cost of material, and three
per cent per year for deterioration.
Buildings, cost of material, and con-
struction, and four per cent per year
deducted for deterioration.
Tanka, wind-mills and pumps, eoet ef
same with five per year for deteriora-
tion.
A Millionaire's Baby
attended by the highest priced baby
specialist could not be cured of stomach
or bowel trouble any quicker or surer
than your baby if you give it McGee’s
Habv Elixir. Cures diarrhoea, dysen-
tary and all derangements of the atom
ach or bowels. I’rice 25 cents and 50
cents. Sold at-Smith’s Drug Store.
OUR RICH COUNTY
The total amount of taxabla property
aeaesaed in Garfield county, as fixed by
the county board of equalization ie
$20,000,000.
This statement ia a nucleus of a
lengthy report submitted to the state
board of equalization by County Clerk
Ira Williams. Exclusive of thie
amount is the taxable property
i large
of dll
Hobart; C. H. Hyde, Alvn; W. M,
Anderson, Wanrika; T. 8. Paris, Jef-
ferson; W. M. Draper, Genry; H. C.
paper dispatches the state board will
raiaa tha amount of taxable property in
the county twenty per eent and should
Seott, Bramen; A. P. Stuard, Kremlin; ! this be done it will mean that at the
present time there is $31,000,000 invest
ed in property that is taxable in Gar
field county.
Tha total amount of property as-
sessed is $3,830,911. Considered ae a
whole at the first glance it would seem
that the assessor must have been sue-
a statement of
nearly every taxable article in the
county. Taking the items separately,
however, there are some humorous
statements in the report. For inetance,
the report says that there are 307 degs
in the county the average value of
which is $5.68. The total value of the
canine family in the county ie $1,746.
There are 596,990 acres of land in the
county and the total value of which ie
E. D. Brownlee, Kingfisher.
The committee had appeared before
the board for the purpose of working
out a plan for the correction of ap-
praiiemente on both lands and improve-
ments, The lessees admitted that the
appraisement on most of the lands for
the purpose of sale was approximately I ce„fui jn obtaining
correct, but that for the purpose of1
farming that much of it was too high,
and cited many instances where reutala
on echool land would be from $400 to
$2,700 per quarter on land, that was to
eey the least only ordinary land, but
that it had a high commercial value on
account of it being close to some town.
The presentation made bv the lessees
showed conclusively that au agricul-
tural value ahould be placed upon the *11,005,799, and the value of the 34,997
echool lands for the purpose of oollect-
ing rentals thereon.
The lessees of the state have corn-
city, town and village lots ie *5,147,345.
The report further says that there are
14,289 horses in the county, the value of
plained bitterly of the value fixed upon j which is *91 930
their improvements by the appraisers
and the board of oommissioneri an -
The property of the various public
eerviee corporations ia now contained
nouneedthat the following plan would In thie report, einee an act of the legie-
be adopted to review the appra.aments |ature lhifta thi| duty ,0 th„ rath.
andtogiv. equal and exact justice to , ,r tbaa to the county. „ is
both the leeseu. and the state. ,hal lhero i# at prMent talabl, r
Each les.ee who feel, aggr.ived over, ty t0 th. amount of 8il and , ha,(
the appraisement of either land or im- ljon, ln the haBds of bllc 88rri„ c&f.
prevementa will be required to make poratioB8 of the cauntT._Eoid ETent|
out a schedule corroborated by two,--
neighbors and send to the board. The A Contented Woman
board will then appoint an adjuster for js always found in the same house with
each eounty who does not reside in the j Ballard’s Snow Liniment. It keeps
couaty, also two good men, one demo- very member of the family free from
crat and one republican, who live in aches and paint, it heals cuts, burns
the eouaty. These three will ait as and scalds and cures rheumatism, neu-
a board ef arbitration and decide be- | ralgia, lumbago and all muscular sore-
tween the lessees and the state on all | ness and stiffness. Price 25c, 50c and
differences of appraieemant. The Bad- *1.00 at Smith’s Drug Store,
iag of this board it subject to review
by the board of commissioners on either PROPOSED ORDER NO. 55.
the application of the lesseat or the To all Transportation and Tranimiseion
state. Thin method for reviewing the Companies, all Gas, Electrie Light
appraieemant ie perfeotly satisfactory | “ -
to tha lessees, to their committee aa-
nouncid. it it also absolutely fair to !
the atate and school land fund.
The queations at to what constituted
improvements on eohool land has been
a vexed one, and noma have maintained
Heat and Power Companies, doing
business in the State of Oklahoma,
and all other Public Service Corpora-
tions doing business in the State of
Oklahoma, and to all persons whom it
may concern:
You are hereby notified that in the
of July, 1909, at two o’oloek p. m., the
said Commission will hear any objection
wbieh may be urged by any person in-
terested against the following proposed
order, rule, regulation, and require-
ment:
It is hereby ordered, That all publie
service companies, both domestic and
foreign, which are organized or doing
business in the State of Oklahoma un-
der the laws or authority thereof, shall
have and maintain a general or publio
office or place in the State of Oklahoma
for the transaction of their business,
where transfers of stock shall be made,
and where shall be kept for inspection
by the stockholders of such corpora-
tion, books in which shall be recorded
the amount of capital atock subscribed,
tha names of the owners of stock, and
their postoffice address, the amounts
owned by them respectively; the amount
of stoek paid and by whom; the trans-
fer of said stock, with the date of trans-
fer; residence of its officers; the names
and residence of directors and the date
ef expiration of the term of each; ac-
counts of outstanding bonds, deben-
tures, and indebtedness, and the amount
respectively thereof, when issued, and
rate of interest, when due, and for what
purpose issued, how used, to whom
issued, to whom sold, and the price in
cash, property, or labor, if any, receiv-
ed therefore, the disposition of the
proceeds, by whom the indebtedness it
held, the amount due thereon, the float-
ing indebtedness of each of such com-
panies, to whom due, and bis address,
the credits due thereon, and the judicial
or other sales of its roads, plants, pro-
portion and franchise*, and the amount
paid, and in what manner paid there-
for; the amounts paid for ealariet of
officers of tueh public service compan-
ies and the wages paid its employee;
and in such general or public offiee it
shall also keep ita books, accounte,
memoranda, records and contracts, or
verified copies thereof, relating to all
ite business, properties, and operations,
showing the value and cost of all of ita
properties, all kinds, and tne amount of
all of its Receipts or Revenues of the
various classes, and all of its disburs-
msnts in classified detail (inaluding
Operating Expenses, Taxes, Interest,
Dividends, Rentals, and ail other fired
charges;) showing the detailed records
of all assets, and liabilities; and, profit
and loss accounts; segregating and
ctasaifying all Revenues and Expenses
accruing to account of Oklahoma busi-
nees from entire business.
It ia further ordered, that the direct-
ors of eaeh such Company shall hold at
least one meeting annually in the State
of Oklahoma, public notice of which
shall be given thirty days previously.
It is further ordered, that the resi-
dent agent in the State of Oklahoma
designated as the person upon whom
service of summons or other notice may
be bad for foreign corporations, ae pro-
vided by the iawe of the State, shall be
vested with equal authority with that
of a general manager of eueh Public
Service Company in so far ae effects
service upon such agent of any process
issuing by or from said Corporation;
and in relation to any matters to be
transacted by him with taid Commis-
sion. Such agent shall be vested with ‘
full and complete authority to act in
the same capacity as would such gener-
al manager; and ali foreign public ser-
viee companies which are unincorpor-
ated shall designate and maintain a
resident agent within the State of Ok-
lahoma who shall be vested with all
powers as herein provided for resident
agents of foreign corporations.
Ae used in this Order, the words
"Company,” "Publie Service Com-
pany" ahall include all "Transportation
Companies," "Transmission Com-
panies,’’all "Public Serviee Corpora-
tions,” and all "Persons,” as defined in
each instance in Section 18 b, and 34,
Article IX, Constitution of Oklahoma,
or any Company, corporation, trustee,
receiver, or other person owning, leas-
ing or operatiag tho business of any or
either of tame.
Corporation Commission.
Starved To Death
is what could truthfully be said of
many children who die. They have
worms, poor little things—they don’t
know it and you don’t realize il. If
your child is cross, fretful, pasty com-
plexioned and loses weight for no ap
parent reason, give il White's Cream
Vermifuge, you will be surprised at the
results and how quickly il picks up.
Price 25 cents. At Smith’s Drug Store,
wvwvwvw^
ANNOUNCEMENT
| Have again engaged in business in Billings.
* Having purchased the St. Clair & M011-
crieff stock of merchandise, which consists of a
fine line of Staple and Fancy Groceries,
Queensware, Crockery, Overalls, Jumpers,
etc., find cannot be beat anywhere for fresh-
ness and newness, I ask the public generally
to call on me and price my goods and, if satis-
factory, give me a share of their patronage.
To all old patrons, I extend a very cordial
invitation to again make my place their head-
quarters. All will receive the attention due
them and every courtesy possible will be ex-
tended. You all know “my way of doing busi-
ness and you will always receive the kind,
cornteous and thoughtful treatment you have
received in the past. A trial will convince the
most exacting and I ask von to give me that
trial once more. Yours for the best the mark-
et affords at the lowest living prices.
F. E. Redfearn
*
•JFIIE Farmers Exchange Bank of Red Rock,
/ Okla., have several Tracts of 120 and
160 acres each of deeded Indian Lands for
sale at very reasonable prices. Titles guar-
anteed perfect, abstracts furnished to pur-
chasers. For further Information address,
Farmers Exchange Bank, or
C. L. Woolverton, Red Rock, Okla.
> - ®
» We have Just Received a lot of X
; NEW LUMBER. |
> Our stock is complete, our prices are right. We also <^>
> have a good supply of Bols O’Arc and Cedar Fence <*>
, Posts, Lath, Shingles. Rooting Paper, Sash, Doors, V
^ Mouldings, Lime, Cement, Plaster, Soft and Hard Brick.
; NEW LINE OF SCREEN DOORS. |
’ Elfie Big' Jo Lumber Co. f
W. J. KERN, - Manager. f
If you have a good farm, well im-
proved, and want to sell It soon It will he
well worth your time to call on or address
THE SOUTH WEST LAND CO.,
Billings, Okla.
Vacation
Time
0L1NES & BRUNS,
CATTLE, HOGS AND
HORSE BUYERS......
Billings,
Oklahoma
that wells, breaking, tame gtastes and 1 office of the Corporation Commieelon
even orchards were not improvements of the State of Oklahoma, in the City
upon which the lessee could be given |of Quthrie, Oklahoma, on tha 24th day
If you have one or a car of cat-
tle, hogs or horses to sell, and
want the best prices the market
will afford, tell Glines <fe Bruns
your troubles and they will help
you out. You can find either one
or both of them here at all times.
in
Colorado
PIANO TUNING
Clyde Catkey, who hae returned from
Illinois, has located in Enid, and will
be in Biliingt at different times to do
piano tuning and repairing. Alto all
kinds of organ work. All work guar-
anteed. Leavo orders witn W. A.
Blakeley, the piano dealer.
A vacation at any time is good,
but a vacation in Colorado in sum-
mer is ideal.
The ozonated mountain air, the out-
door life, the wonderful scenery,
the cool nights and the restfulness
that prevails, combine to make a
Colorado vacation one never to be
forgotten.
Colorado is easily and comfortably
reached in the de luxe trains of the
Rock Island Lines,
Every comfort and convenience
of modern railway travel provided
by these tr«ns.
Go to Colorado!
Full information on request.
J. S. McNALLY, Dtv. Pass. Agent
Oklahoma City, Okla.
STEVENS
If Generations of live, wide-
awake American Hoys have
obtained the right kind of
FIREARM EDUCATION
by being equipped with the
unerring, time-honored
STEVENS
I progrowl . |_____________
wo will ship direct, exprcmi prut mid
upon receipt of Catalog Price.
live Hardware and
Send ft cents In stamps for
luO Pago Illustrated Catalog.
Keplete with
s T E Yr K N 8
anti general
11 rear in in-
formation.
Striking cover
in colotR.
J. STEVENS
ARMS k TOOL CO.
P. 0. Boi 4099
Ckkim Fail*, Maw.
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The Billings News. (Billings, Okla.), Vol. 10, No. 40, Ed. 1 Friday, July 2, 1909, newspaper, July 2, 1909; Billings, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1172660/m1/2/: accessed April 19, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.