Enid Daily Eagle. (Enid, Okla.), Vol. 8, No. 139, Ed. 1 Monday, March 8, 1909 Page: 3 of 8
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i'
PAGE THREE.
ENID DAILY EAGLE. MONDAY, MARCH 8. I WW
Oklahoma Christian University
To Pay the Liens for MaJcriaJ and Labor
Against *he Magnificent Buildings of tRe
The Enid University Investment & Development Co., will place on sale 100 Lots, no more, no less, in —
University Place Addition at a Great Reduction. Sale to Commence
MONDAY MORNING, MARCH 15th at 8:00 O'clock a. m.
M WITI pc SOLD BEFORE THAT DATE. The Liens on the building in no way affect the title to the lots on sale. Lots that have heretofore been
and continue until the 100 lots are sold. NO cptlfnrth in the terms of sale. Every Enid booster should buy two or more of these lots. They are on the STREET CAR LINE, they
selling for $500.00 and $450.00 each will he sacn ice^ a p JJJJ" J GroundSi they are near the beautiful University Lake, new houses are continually being constructed on this addition, they are
r—zrszizz ..a ** w,l „ *—. ...«c„„P„,
wtMP nr C/ll F* Your Choice In the Addition for $350 for Corners; $300 for tnsides
I tfiiliJ W" 9 Payable $5 O Down and $10 a Month
This sate must £0 .o satisfy the creditors of the Oklahoma Christian University and alter the 100 lots are sold the sale stops, the priee Joes up ajain, and the opportun.ty of a life time will ha.e passed.
NOW fe the Goose that Lays the Golden Egg. The Following Real Estate firms of the City will Handle this Sale
At-nff Brothers
Dick.piiNhM.s Land & Loan Co.
Jeffrie* Kemlty Co.
Rainey & Robinson
Ilenetlel Co.
Fugun & Pagan
King & Pratt
Ray & Bailey
Bradfleld lleulty Co.
(J&nnon A CJouldin^
L.ghtfoot Rrothen
Sanders & Daxcy
Burwell & Fisher
(irwn Realty Co.
Mitlone, Chas.
shohe & Bridge#
Cameron Brothers
Howfil Co.
Oklahoma-Texas I.ami Co.
Smith, Chester
Ciirter & Seit'ers
Him Ik ins lU'alty Co.
Pfteratt-Whitloek Realty Co.
Strickler Brothers
Cheneweth Co.
Runter Realty Co.
Putnam Brothers
TtnU\ Realty Co.
THR CONDITION OF TITO
CONDKNSKD STATEMENT OI
Author of the Paragraph Pulpit
CHROMIC "JLCEHS
Any chronic ulcer shows an unhealthy ancf impure condition of the
Wood. It is a diseased condition of the flesh at that particular spot, caused
and kept inflamed and irritated by a continual discharge into it, of un-
healthy matter from the circulation. No treatment can have any curative c-
feet except a medicine which will renovate the blood and entirely remove the
cause. Salves, washes, lotions, etc., are sometimes helpful in reducing in-
flammation, cleansing the ulcer, or perhaps lessening the discharge, b«ts"™
applications do not reach the blood where the disease germs are located
and can never effect a cure. S. S S. goes down into Uie circulation
drives out all impurities and morbid matter, and by nourishing the Uesli
with rich pure blood causes the place to heal naturally and permanentlj.
S. S. S. does not make a surface cure, but by beginning at the tottom and
rebuilding broken-down tissue, and supplying healthful, healing qualities to
the blood, causes the place to fill in with new, firm flesh, while it steadily
but surely effects a permanent cure. The ulcer can not exist when
Wood is pure, and S. S. S. will thoroughly purify the blood. Book on bores
pnA Ulcers and any medical advice free to all who write.
THE SWIFT SPECIFIC CO., ATLANTA, GA.
In Same Building with Daily
Eagle
Splendidly Equipped Job
Printing Plant'
EMPLOYS UNION LABOR
Phone 99
Southwest Corner of Square
Green Realty Co.
PHONE 152
General Real Eitate Buaineu-
Our SPECIALTY ia selling
EAST SIDE PROPERTIES,
Stock8 of Mdse. etc See Ua
GIVE US YOUR WANTS
Also Write Insurance, Make
Loans, do Notary Work, etc.
Office Room Over Garfield
Exchange Bank
TWO GENT RATES ARE
NOT REMUNERATIVE
THE SALTY DOG
PHONE IIIB
BiUiarda, Pool. Imported and
Domestic Ci*n and
SaoUaf Tobacco f\ | ]
TIE PROPER PLACE
PUR PROPER AMUSEMENT
FOR. PROPER. PEOPLE
Kimmel ® McGuire
f
1
# i
bb
M
THE MODEL
Grocery & Meat Market
A. C. Ahlswede, Prop.
Phone 195
We are the exclusive selling agents
t t Chase & Sanborn Teas and Cof-
fees. Dou you, on the mere ground
of economy buy the cheapest cloth
for your dress, the cheapest furni-
ture for you house? And If you
don't why buy cheap coffee? It Ib
the most expensive of *11 economes.
Do you realize that the best coffee
to be bought (Chaso & Sander'B
Seal Brand) cost actually only one
cent m cup! You need to use very
little of It because of its high qual-
ity. Don't tak our word for this!
Test It yourself!
Phone Your Orders
And Receive Prompt Attention
(Continued from page one.)
reasonable doubt, that the statute Is
invalid. In these cases the Court
has recognized this rule. The au-
thorities upon this question form a
long and unbroken line, with the
single exception of the majority
opinion In the Pennsylvania case de-
cided a year ago. (68 Atl- Rep.
676.) And that one authority is
not persuasive.
"All testimony and argument
bearing upon the questlou as to what
consideration the Legislature of Mis-
souri gave to these enactments, is
utterly Immaterial. Much was said
in argument as to the message of
Governor Hughes, of New \ork two
years ago in declining to approve
the two cent fare statute of that
state. Governor Hughes had the
moral courage to veto a measure of
popular favor because as he believed
the question had not been fully con-
sidered. But the relations of a gov-
ernor lo proposed legislation and
and those of a court to legislation
consummated; are entirely different.
"Most or the laymen and many
lawyers believe that the question is
whether the railway company as a
system is earning sufficient revenue
upon the value of the property of the
system. They believe that if the
Burlington, Santa Fe, Wabash, or
any other railroad system is earning
such money as will pay all charges
and expenses including taxes and in
terest, with reasonable dividends, to
the stockholders, that state rates
for state business must stand. Of
course no one believes this who has
given the slightest attention to the
question The precise question was
before, and was decided by Justice
Brewer, and affirmed by the Sup-
reme Court In the Nebraska case of
Smyth v. Ames. The only question
Is as to Missouri rates, less expenses
properly charged against the same.
And If tills balance does not leave
sufficient to pay a reasonable return,
the law Is invalid. And if the rail-
road system of any company Is earn-
ing more than a reasonable return
by reason of interstate rates, and if
such interstate rates are too high.
Congress acting alone or through a
Commission must make the correc-
tions.
"The Supreme Court during the
present year in the case of the City
of New York \. Consolidated Gas
Company of New York, decided that
six per cent was fair and right to be
given to the owners upon the true
valuation. My opinion is that white
a gas plant is In some respects dif-
ferent from a railroad, that a rail-
road property, properly built, and
properly managed, should over and
above expenses make a return of
six per cent per annum. And con-
sidering all the evidence, the evi-
dence fairly shows that all of these
roads were properly and economical-
ly built and are being properly and
economically managed, and that af-
ter paying the expenses for maln-
enance and Operation, that there is
less than six per cent of returns, and
not more than three per cent, upon
any of them and as to some of them
a deficit, taking the property as
above stated within the State of Mis-
souri at its fair valuation. And tills
Is so without reference to bonds, be-
cause in no case do the bonds bear
six per cent interest. But taking
the bonds into consideration, ther
Is still not to exceed three per cent
returns, and many cases a deficit
after considering all debts and cred-
its, upon the true valuation for the
state business. There is no evi-
dence that any of the existing bonds
were Improperly issued either as to
amounts or rates of interests. In
fixing the value the Court has con-
sidered the evidence of witnesses
as to the stocks and bonds outstand-
ing, and the State Board for taxing
purposes has valued these proper-
ties. Of course these findings aro
not binding nor conclusive, but they
are persuasive. Both Independently
of what the State Board has
valued these properties for taxing
purposes, the evidence shows the
valuations to be as recited In the
findings of fact herewith filed, and
to which reference will be made in
the decrees.
"it is absolutely necessary that
many trains both passenger and
freight do both a local and Interstate
business. Even the fast trains stop
ping at but few stations in the state
carry state passengers between such
stations. And the same is true as to
freight trains carrying freght both
In carload and less than carload lots.
"The valuation of these roads has
been fixed by the Court as shown by
the findings of fact- The entire
state and interstate earnings of each
of the roads within the state Is
known and fixed to a certainty. The
expenses are known and fixed. To
apportion these expenses, must be
done according to one of the two
theories, and the correct theory Is
that according to revenue. One
theory or other must be applied to
both freight and passenger expenses,
and the Court should not adopt the
one theory as to one part, and the
other theory to another. The one
theory Is helpful to the one side, and
the other theory helpful to the other
side, the one theory to the one side
In freight, and the other theory to
the other side In passenger. But an
arbitrary splitting of the theories is
illogical and unfair, and cannot be
recognized. The Court has adopted
the revenue theory because a great
number of the best railroad experts
of the country, against a limited
'number to the contrary have so tes-
of the Supreme Court of the United
States; In the two cases, by two Cir-
cuit Judges of this Circuit Court; by
three District Judges of this Circuit,
and by the Supreme Court of Flori-
da, State v. Atlantic Coast Line.
And Beale & Wyman on Railroad
Rales Regulation, announces such as
being the correct rule. The values
of the property within the state have
been fixed by the Court. The en-
tire earnings within the state, inter-
state and state, freight, passenger,
and miscellaneous of each, have
been fixed. The entire expense If
known, including the extra cost of
each. To ascertain whether the re-
sult is a profit, and if so what per
cent, or a loss, is but a problem of
primary arithmetic, as is shown by
Judge Van Devanter in Arkansas
Rate Cases. There are other meth-
ods equally simple, the resultant
figures of course being the same.
These computations show as to the
commodities covered by the freight
rate statute of 1907, that two roads,
the Hannibal & St. Louis, and the
Burlington, allowing nothing for ex-
tra cost, there Is a deficit and with
all other companies less than two
per cent. But with the extra cost
added, the deficit Mr the two com-
panies is much greater, and the
other companies show a deficit.
"The passenger earnings under
the two cent fare law of 1907, al-
lowing nothing for extra cost over
interstate business, give no return
whatever to the Rock Island, St.
Louis & Hannibal, Kansas City,
Clinton & Springfield, and the Great
Western. The other companies will
have the following:The St. Louis &
San Francisco between three and
four per cent; the Kansas Clt>
Southern a small fraction over two
per cent; the M. K. & T. between
two and three per cent; the Burling-
ton between three and four per cent.
But all this is arrived at by allowing
no extra cost of service. But to add
the extra cost for freight and pas-
senger, there are no earnings over
jxpenses. This is confiscation under
the Constitution.
"It being a legislative act, and not
judicial one, this Court cannot
fix rates. If I could, two and one-
half cent passenger rates would be
fixed for the stronger roac)s. and
three for the others. But that t
tor the legislature acting Itself with
■xperts, such as the State employed
in these cases, or through a Commis-
sion with like assistance."
Judge McPherson also states in
the decision: "When the statutes
In question were enacted. It was be-
lieved by many that by reducing the
fare there would be much more
travel. For a month or so this prov-
ed to be true. But with the novelty
gone, the testimony shows that the
increase has been less than three per
cent and more nearly one per cent.''
He says further as to the abolition
of passes that the evidence shows
the passenger revenue is increased
by reason thereof less than one per
cent.
Rev. C. W. Casson, of Boston.
(Unitarian, once a Methodist) orig
Inator of the "Paragraph Pulpit., a
bright, sensible, progressive, mod-
ern, thinker, writer and speaker will
hold a public evening meeting In
Enid, March 9, at the Christian
Science hall, on North Grand, Tues-
day, at 8 p. m.
Mr. Casson Is Secretary of th
Publicity Department of the Ameri-
can Unitarian Association and is
making a western trip through Kan-
sas. Oklahoma and Texas, stopping
also at Guthrie for a meeting March
18th. He speaks for Religion of to-
day. He is to hold a Berles of meet-
ings In Oklahoma City from the 11th
to the 14th and will visit Shawnee
for the 15th and 16th.
In January Mr. Casson made a
trip through Canada and the north
of the U. S where he was greeted
with large and enthusiastic audi
ences. He was given a complimen-
tary banquet at 'the Grand Union
hotel in Ottawa. The Governor-
General of Canada, Earl Grey and a
party from Government House at-
tending the religious service. It
will be a pleasure and profit to hear
and to meet Mr. Casson.
BANK OF ENID
100,000.00
3,862.47
7,000.00
As made to the Suite Itank Commissioner ut Close of Buniuess February
Oth, 1IHJU:
Loans and Discounts $53t,691.54
Government Bonds to Secure Enid National Circulation 1nn ftn
Overdrafts
Furniture and Fixtures
CASH RESOURCES.
Government Bonds 150,000.00
Premium Government Bonds 6,449.42
Due from United States 150.00
Wurrants, Garfield County, Enid School and
Enid City 70,699.60
Cash and due from Bunks 326,154.75
453,453.77
$1,096,007.78
INCREASE IN DEPOSITS SINCE I AST STATEMENT, NOV. 27,
1008, NOT INCLUDING GOVERNMENT DBP08IT8, #1H1,800.80.
1100,000.00
100,000.00
15,000.00
7,370.77
45,000.00
828,637.01
Capital Stock
Circulation, Enid National Bank
Surplus
Interest, Exchange and Profits
Goevrnment Deposit
Deposits
1,096,007.78
We, 0. J. Fleming, President, Frank H. Letson, Cashier, do solemnly
i swear that the above statement Is true.
O. J. FLEMING, President.
FRANK H. LETSON, Cashier.
Subscribed in my presence and sworn to before me this 9th day of
February, 1909. ELVA POLSLEY, Notary Public.
My commission expires January 15, 1912.
CUT ADVERTISED
DY NEW FIRE WAGON
COUNCILMAN RANDOLPH RE-
CEIVES INTERESTING LET-
TER K IIO M T H K
MANUFACTURERS.
Pieratt-Whitlock Realty Co.
titled. Every Court that has ever
had this question before it in so far
as I am advised by the briefs of
counsel and my own independent in-
vestigation has so held in the cases
Ferguson's Itank Complfmented.
The following letter is self-ex-
planatory:
Oklahoma City, Feb- 18, 1909.
Mr. J. B. Ferguson.
President,
Garfield Exchange Bank.
Enid, Okla.
Dear Ferguson: —
Small packages are valuable.
That certainly was a neat little
statement you sent us showing the
condition of your bank Feb. 5th.
I guess my deposit is safe since you
carry such a large amount of cash
and sight exchange.
Allow me to compliment you and
wish for your continued success.
Very truly yours,
W S. GUTHRIE.
Cashier.
Enid's splendid new chemical
hose wagon will arrive here the lat-
te rpart of this week. Unknown to
anyone here Enid has been receiv-
ing much good advertising from the
purchase, as is told in the following
interesting letter received Satur-
day by Councilman C. F. Randolph,
who is chairman of the tire comml •
tea.
Dear Sir: —
You are no doubt wondering why
we are a little bit delayed in the
delivery of your Automobile Com-
bination Chemical Hose Wagon. I
want to offer a word of explana-
tion! You know the Automobile
show has just closed in St. Iyouis
and your car was the only one we
had for exhibit and thinking that
the City of Enid would appreciate
our exhibition of it as this was the
greatest display of Automobiles in
this country, we put it in the show.
1 think this was as good an adver-
tisement as your city has ever had
in the larger cities. There were
more comments on this machine
and on the City of Enid at the show
than on any other piece of apparat-
us exhibited.
We expect to make delivery eith-
er next Thursday or Friday and the
writer will be there in person and
hopes to have Chief Magee there,
and also hopes to have the Fire
Committee from Anadarko. We
have engaged for you the best
chauffeur for tire department ser-
vice we think, in the country, he
has been for some time driving the
insurance Patrol in the City of St.
Louis. If you are Just one-tenth
| as pleased with your piece of ap-
paratus as I am. 1 will be more
than satisfied. It is a beauty
Trusting to see you in a very few
days. I am
Your friend.
H. H. ALVIS
(j room, 160 ft. North Grand, good barn, to trade for vacant
property in University addition. Price . • • $2 500
7 rooms, 50 ft W- Cherokee, near car line, modern . - $2,600
0 rooms, 50 ft. 1005 W- Maine St. *2,000, 1,000 Cash
Acreage 2, 2 1 2, 5, 7 1-2, 10 acre tracts, 1-2 mile north of bnuer-
sity. Oood soil, no waste land, l-j cash, balance easy.
ItiO acres ioining Enid, can be platted and sold at big
profit. Price ; • J'4'0®®
Third Floor, Chamber of Commerce Building Phone 131
A HONE in the C0UNTR.Y
la the fertile villey ol Pecos, New Mexico, in Pecoa Valley, life's con-
dition. are easy; no necessity for protects stock or ptnon Hunt the
bitin( blasts of snow ice and front. Five acre tracta lor sale on easy
payments; close to Arteaia; no drawing scheme, make your own selection
WRITE, PHONE OR. CALL ON
RAY <a BAILEY
GENERAL AGENTS for FACTS md FIGURES
Suite 215 and 216 Chamber of Commerce Buildini
THE LAND MEN. Offico Phono 1066
Phonea Rea. 978 Brown, 894 Red
Etiquette a la Mode.
Augustus—Hullo, old man; how aro
vou ami how arc your people, and all
Itm sort of llly rot?—London Olobo.
Don't
Borrow
Money
IF YOUiMUST, COME AND SEE US
Don't Carry Large Sums of Money, but if you must, do so only
until you can see us.
We combine absolute safety with satisfactory service.
Give particular attention to the business of farmers.
Invite new accounts and new business upon our
own merits for strength superior facilities.
A strong bank can afford liberal treatment to its patrons.
Our past policy and ample resources are our guarantee for the future
•oxxxooooc*^
WE WANT YOUR BUSINESS
THE FIRST NATIONAL BANK OF ENID
On the Flrat of the Month.
Every "billet-doux" sooner or later
brines Us big brother "bill duo" with
It.—Yule Record.
Preference.
Any woman would rather have small
(oei than a thorough acquaintance
with the clasBlcs.
(
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Enid Daily Eagle. (Enid, Okla.), Vol. 8, No. 139, Ed. 1 Monday, March 8, 1909, newspaper, March 8, 1909; Enid, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc142453/m1/3/: accessed April 19, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.