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NORMAN OKLAIIOMA, PEIDAY, DECEMBER# 19*7.
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.. NUMBER 2i
NATIONAL BANKING
System; Special Priveleges
banks enjoyed.
1. The money they invest In bonds
escapes taxation, whereas If the;
were to Invest It In land, merchan
dise, cattle, or produce, It would
have to pay its legitimate share of
the exDenses of the government.
2 The interest and the principal
paid to them from the taxes of other
clti.-enn is payable in coin, Instead of
in paper money; and under the favor-
itism thus practiced by the govern-
ment "coin" has come to mean gold.
3. The money invested in bonds
assumes none of the risks of legiti
mate business. Contraction of cur-
rency only adds to its value. The
shrinkage of all other classes of prop
erty serves but to enhance the ad
vantage it enjoys. The hond being,
in effect, a national mortgage, every
dollar's worth of property in the
Union is pledged to its payment.
The government, through lis power
of taxation, is bound by the law of
the contract, to exhaust, if need be,
every acre of land, every bale of
cotton, every bolt of cloth and every
chattel rather than allow the bonds
to go unpaid:
Money Invested in bonds escapes
all the burdens of government, all
the expenses of legislation, all the
chances of trade, all the risks of fire
and flood. No panic affects it, no
riot dismantles it, noboycot or strike
or lockout can touch a hair of its
bead.
The merchant has to work with
hand and brain to win prosperity;
the farmer has to toil from sun to
sun to achieve success; the manufac-
turer has to study every change of
machinery, explore every channel of
trade in order to reap profits; but tbe
bondholder—what has he to do?
Nothing, save to sit, like Matthew,
"at the receipt of custom." Paying
no taxes himself, his job simply con-
sists in fattening upon the taxes of
other people.
So great are the advantages de-
rived from putting large sums of
money in bonds that many capitalists
are content to keep the bonds with-
out reaping the additional harvest
which comes from banking upon
them. Mr. W. H. Vanderbllt, for in-
stance, invested $40,000,000 in govern-
ment bonds and did not bank upon
them at all. He considered the abso-
lute security of the investment, and
the freedom from taxation of the
money so invested, as a sufficient in-
ducement to buy bonds.
4. The interest, to be the extent
of many millions per year, has been
paid in advance during a long period
of years. This is shown by official re-
ports. On page 203 of the "Laws Re-
lating to Loans and Currency," will
be found the law (Section 3099) under
which this practice of paying inter-
est in advance hns become a otand-
ing rcproach to our government
The law was passed !>y the Republi-
cans in 18J>1, but the Democrats con-
tinue it in force.
During my brief and breezy career
in Congress, I introduced a bill to
stop this payment of interest, but
the Democrats smothered it in the
committee-room.
5. Having salted his cash down in
a bond which pays no tax and which
runs no risk, and which can only fail
when the Republic dies, the bond-
holder now takes a step forward He
lays his bond in a vault which the
government provides for him, takes
a receipt therefor, and demands $100
of notes for each $100 of bonds. This
$100 of notes are issued to him in
blank,4jut the government guaran-
tee is back of each note. He signs
the face of the note and immediately
it becomes what the National Bank
act describes as "money." It is
called "National Currency," and is
practically made a legal tender.
Hence, the bondholder gets money
on his property, while the land owner
and the produce owner cannot do so
0. He can lend the $100 at 8 per
cent, when it costs him nothing.
True, he pays 1 2 of 1 per cent tax,
but that amount barely covers the
labor cost of engraving the notes and
storing the bonds.
7. The government agrees to take
the National banker's notes in pay- }
ment of taxes, excises, public lands,
and all other duties to the United
States, "except import duties." All
salaries and other debts due by the
United States to individuals or cor-1
porations of this country shall be I
legally payable in these notes.
No such privilege and power is giv-
en to any other citizen's note. Im-!
port duties must be paid in coin; so |
must tbe principal and interest of
the public debt.
What is the public debt?
Tbe bonds held by these national
bankers.
import less to check. Thus all other kinds
of property are at the mercy of those J
who wield the tremendous power.
Jefferson and Jackson and Benton
saw this, and they fought National
banks with all the strength they
potessed.
But the party of Jefferson, Jack-
son and Benton is now controlled by
National Bankers, and we find good
Democrats everywhere favoring the
system and giving their support to
the infamous Fowler bill.—Watson's
Weekly Jeffersonian.
Why is coin demanded for
duties?
In order thai the government may
be able to give It to these national
bankers.
Therefore, the law Bays that a
National banker can compel every
other national creditor to accept his
notes in full payment, but t}iai the
banker himself can refuse to accept
his own note, and demand gold!
8. The guarantee of the govern-
ment Is what sustains the value of
the National bank note. The bond-
holder pays nothing whatever for
this guaranty.
9. The government guarantees
payment of the notes, free of charge.
The people borrow the notes at 8
per cent interest.
What constitutes the government?
The people.
Therefore, the people iudorse a
note for the National banker, free of
charge, and then turn round and
borrow the note at 8 per cent!
10 National banks become deposi-
tories of public funds—paying noth-
ing for the use of them.
The National banks have had more
than $165,000,000 of the tax money of
tbe people all ihis year. The admin-
istration can thus enrich its favor-
ites. at the public expense. Few
Southern banks enjoy this sidedish of
the "picnic." The North and the
East get the lion's usual allotment.
The government reports show the
full fatness of this system on page
110 of the "Statistical Abstract "
The figures for 1905 stand thus:
Capital $782,000,000
Undivided Profits  409,000,000
Net Earnings  53,000,000
The table does not include the in-
come from the bonds themselves.
Nor does the table show what the
exemption from tux is worth. Ttie
income from the bonds must be added
to the profits made from the bank-
ing, and then you will have the grand
aggregate of the double revenue de-
rived from the money invested in
the bonds.
The .fundamental objection to Na-
tional banks is that the right to is-
sue money is a sovereign power The popular young comedians "The
which should be exercised by the | Lyman Twins" will bring the largest
government alone. It should not be musical at taction thy have ever
delegated. To farm out to any indi- i neen seen in here shortly called "Tbe
vidual or to any corporation, the tie- Yankee Drummers." which is just as
mendous privilege of expanding and j breezy as its name implies and which
contracting tbe currency is to make is not only the longest but the best
a class the masters of the situation musical succ> ss these twin stars have
They can contract the volume of ever attempted A handsomely dress-
money, force prices down, and buy; ed chorus is a big feature, wh ch dis-
they can inflate the currency, force play some stunning sowns and new
prices up, and sell. They can do this novelties in a way that will satisfy
upon a regular system wh ch the bal- the most sceptical. At The Franing
ance of the business world is power- Friday Evening, December G.
PROCURING A BOND
District Court.
Judge McMillan opened his first
term of the district court in Norman
last Monday. The term of court is
devoted to the trial and disposition
of court cases. No jury cases will be
taken up until the legislature pro-
vides for the selection of a jury list
Judge McMillan seemed to fit into
the chair occupied by Judge Irwin
very well. Some feared that the
judge might rattle around In it some;
but he seems, in a judicial sense, to
fit it quite snugly, physically you
might stuff into the chair beside the
judge about two such barristers as
Gresham & Dudley The first im-
pression made by the judge on the
bar and people is most excellent.
About the Blind Tiger.
For a number of years there stood
in the show window of the Echols sa-
loon a stuffed Mexican lion or blind
tiger. When the saloon went out of
business on the 16th day of Nov.
"Stub" the harness man, purchased
the stuffed skin and put it in his har-
ness show window where it is doing
service now advertising for one of
the best and largest stocks of har-
ness and saddler goods in the new
state.
"The Lyman Twins"
Winning New Laurels.
The Selection of a Suit
The points concerning which a buyer
should most concern himself ....
There are three classes
of clothes: -good, bad and in
different. The bad and near
bad comprise 80 per cent of
all clothes, and the reason
for their badness is usually
poor making-they're not
brought up right--and the
hot flat-iron is used by the
makers to shrink or stretch
the cloth into temporary
shape.
You will ask how you
are to know the difference"
and how to tell clothes that are "doped" with the flat-iron.
Well ! It's hard to tell, very often. You know what
a hot iron can do to a suit of clothes. The best way we
know of to avoid the undesirable kind is to get the clothes
that have earned a name for quality—-workmanship.
Sincerity Clothes will fill the bill every time, and you'll
save money by buying them.
flwejMKnnr cLcnnnta
CL>n-NATRfcN * riscnu«rto
County Treasurer Muddle,
Settled.
Sherman Davis filed his bond as
county treasurer and assumed the
duties of the office last Monday af-
ternoon. It was reported at first
that Sherman would not be able to
make the necessary bond and latei,
it was reported that failure to file
bond within the time prescribed for-
feited his right to the office and that
Roland Hughes would refuse to sur-
render the office. In the matter of |
making bond Mr. Davis did exper-1
ience unexpected difficu>ty It seems |
in fact appearance are strong, that
bonding companies, were influenced]
not to furnish him with bond and talk
indulged in was such as no one cared
to risk going on Mr. Davis' bond and
the result was that it looked very
doubtful of his being able to give
bond, Every effort he made to make
bond seemed to be blocked by the
Democrats, who had elected him
Seeing that the Democrats seemed
to be unwilling to assist him in pro
curing a bond and the bonding com-
panies also refusing, it did look as
though Mr. Davis was going to fail
to secure the office to which he was
elected.
He had tendered the position of
Deputy to James Burton, a Demo-
crat, and a young man well qualified
and who had years of experience in
office; but Mr. Burton declined. He
then offered position to anyone the
Democrats would name provided that
they would assist him In making
bond; but t-till no bondsmen. In the
last ditch of despair he tendered the
position of deputy to J. V. Downing,
son-in-law of Chas, Lauer, of The
National Bank, and a young man
thoroughly competent to handle the
affairs of the office. This move on
the part of Mr. Davis soon resulted
in his having one of the best person-
al bonds, ready to present to the
commissioners last Monday, that was
ever presented in this county. But
Mr Davis' troubles were not over.
He was met with a refusal to surren-
der th« office to him, Mr Hughes
doubting if he and his bondsmen
would be relieved from liability
should he 6Ut render the office to Mr.
Davis, who had failed to file his bond
wi«-hiu the time prescribed Mr.
Davis and Mr. Hughes with an array
of legil talent appeared before tbe
county commissioners Monday, but
things began sizz ing around the
edges and an ugly feeling was being
engendered fast. Mr. Hughes re-
fused to surrender ofiice to Mr. Davis;
because he believed such surrender
would not relieve him or his bonds
men from liability.
As a way out of tangle Mr. Hughes
filed his resignation with the county
commissioners and same was accept-
ed by them and Mr Hughes and his
bond-men relieved from all future
responsibility and county com
1 A FULL LINE OF i
JUST RECEIVED
Qrality is the best money could buy—
Prices no higher than you pay for infer-
ior bramls.
Club House Brand Oat Wafers 2 1b
packages 15c 2 for  
  2 5c
Club House Brand Pearls of Wheat
per package 15c
Club House Brand Cracked Wheat
per package  15c
Club House Brand Buck Wheat
Flour per package ..  15c
Club House Brand Pan Cake Flour
per package   15c
Club House Brand Hominy Grits
per package 10c
Club House Brand Wheat Wafers
per package  15c
Club House Brand Rice per pack-
age      25c
Dill Pickles
Just opened a barrel of genuine German
Dill Pickles. AA
They are fine; per dozen £yC
Preserves
A full line of Club House and Heinz's
preserves just opened up. You can buy
your preserves for less money than you
could have made them yourself. The
quality is perfect.
We are better prepared than ever to
say that "IP IT'S GOOD TO EAT
YOU'LL FIND IT" at
Brockett's
•«. %r4
State Legislature Convenes.
The first legislative assembly of the
new state of Ok aboma convened in
tbe city of Guthrie Monday for the
purpose of drafting a code of laws
for the new state, and were sworn in
by Chief Justice W illiams. Hon. H.
S. Johnstoo, of Perry was chosen
President Pro tem of the Senate and
Hon. W. H. Murray was unanimously
elected speaker of the house, even
the republican members voting for
him. In assuming bis duties about
the first thing the Speaker called
the attention of th < mem >ers to was
"That the people by their vote
mission- ratifying the constitution bad
era at once appointed Mr. Davis agreed to the sale of the school
who tiled bis bond and assumed the |ands and the question before tbe
duties of the office last Monday even legislature is to provide means for
ing. I he question now to thresh out sale. The people want the land
is, how long can Mr. Davis bold the sold.' In Cleveland county the vote
office tinder appointment? Mil be to ratify the constitution was 2,305
hold only until the next ge era! elec- against 807; hut if a vote was taken
t'°n whlcb wil' be n. xi tall or wil he 0n the salr of the school lands it would
hold for term of three years? It stand fully 5 to 1 agains tbe sale of
looks very mucb a- though this coun. . the school lands Should legislature
nexT'faO haVC '° elect a trea"urer j attempt to make provision for the
 —— | sale of the school lands we believe
that the proposition should be sub-
the mens outfitter
j Dead Body Found.
! Tbe dead body of D. R. Rankin, the
missing bank cashier, of Lawton, was
| found in cache Creek, 2 miles north
| of Lawton last Tuesday afternoon by
j an Indian boy.
I The man hid been missing since
[Nov. 7th, when bank examiner was
i making an investigation of his bank
and who because of condition he
j found bank closed the same on the
i Nth. He found condition of the bank
bad and Mr Rankin owing bank
j $3,100 on an unsecured note. It was seems
[ feared at time that Rankin had com- Roland
mitted suicide and diligent search
was made for the body until it had
became generally believed that he
had fled the coun ry
Mr. Rankin was prominent in the
South Methodist Church, made a
strong race in the Democratic pri-
mary for the nomination of state
mitted to a voie if tbe people for ap-
proval. Io case legislature should
fail to submit such action to the peo-
ple for approval we be ieve that the
referendum will be called into use by
the people Hon < lias H. Pittman,
of Enid was elected chief clerk Dr.
Ra , of Oklahoma City, chaplain;
and W. A Hobbs, sergeant at arms.
Served Without Bond.
In ihe Treasurer controversy it
disco ery was made that
Hughes served as county
treasurer for the past two years
without having executed a bond at
all. It seems that Mr Hughes and
county commissioners thought bond
executed by Mr. Hughes when first
assuming duties of tbe office held
good during his two terms; but
Attorney Jackson said bond only held
treasurer. It is thought that his de- for two years and twitted Hughes
feat in the race, and ihe coming on for having served the county for two
so soon of the financial crash unbal- years without a bond. If this is true
anced his mind causing him to com- however, Mr. Hughes did not realize
mit suicide He carried $25,000 life it and even had he realized, we be-
insurance, leaves a young wife and 1 eve he would have discharged his
three small bahies 'is wife was
formerly Miss Agries sleeks, of this
city and well known to many Norman
residents.
dut es just the same.
Reported Some Better.
W. E Barnard and bis 13 year old
son who have be« ti seriously ill at
their home In this city from an
J. R. Carmack and wife left last attack of typhoid fever for the past
Thursday for their new home at Man- three weens, are reported some bet-
ou, Colorado ter>
Off For Their New Home.
IN HANDS OF LAW.
Ike Sale Secures Requisition
Papers.
SheritI Sale secured requisition pa-
pers from Governor Haskell on the
governor of Colorado for S T. S.
Robinson, charged with embezzlement
in connection with the organization
of the Eagles Lodge in Norman two
years ago. Robinson was in jail at
La Junta, Colorado
Eat More Candy.
"G ve children plenty of tiure su-
gar, taffy and butterscotch and they
will have little need of cod-li 'er oil,"
says Dr. Woods Hutcinson in the
Christmas Woman's Home Compan-
ion.
"In short, sugar is, after meat,
bread and butter, easily our next
most important and necessiry food.
You can put the matter to a test
very easily. Just leave off the pie,
pudding or other disserts at your
iunch or mill day dinner You'll be
astonished o find how qm. hu toii'll
feel 'empty' again, aod bow 'unti >•
ished'• he meal will seem Y'U in't
get any working man t accrp' a
dinner pai. without pie in it. And
he's absolutely right. Theoily thing
that can take the place of s>gar here
is beer or wine. It is a significant
fact thai the free-lunch counters run
in connectio wiih bars furnisn ev-
ery imaginable thing except sweets.
Even the restaurants and lunch grills
attached to saloons or bars often re-
fuse to serve desserts of any sort.
They know their business! The more
sugar and Bweets a man takes at a
meal, the lesi alcobol he wants.
Conversely, nearly every drinking
man wi'l tell you that he has lost his
ta-te for sweets. The mo e ca dv a
nation consumes, th.- 1. ss alcohol.
"The United States government
buys pure candy by the ton and ships
it to the Philippines to be sold at
cost to the soldiers in tbe canteens.
All men crave it in tbe tropics and
the more they get of it, the less
'vino' and whisky they want.
"In fine, the prejudice against su-
gar is born of purltamsm and stingi-
ness, equal parts. Whatever child-
ren cry for must be bad for them,
according to the pure doctrine of or-
iginal sin; besides, it costs mo ey.
I know families in the rural districts
yet where the head of the family
groans over every dollar's worth of
sugar that comes into the house as a
sinful and 'unwholesome' luxury."