Garber Sentinel. (Garber, Okla.), Vol. 6, No. 14, Ed. 1 Thursday, January 26, 1905 Page: 1 of 8
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GARBER SENTINEL.
Whole No. 274
GARBER, OKLAHOMA. THURSDAY, JANUARY 26,1905.
VOL VI No 14
Q&a and Oil-
Ttid marvelous development of the
gas and oil resource# of 'lie state: plac-
ing this commonwealth in the trout
rank of those endowed b) the Creator
with tin* kind of wealth, imposed a
duty upon this legislature which no
former legislature has had to meet.
Monopoly threatens to rob our people
of the chief benefits of this great en-
dowment and appropriate the profits
to itself. How to Bitve this Wealth to
the state and its people and secure
them its greatest benefits is a serious
problem. One phase of the subject is
of vast immediate importance and
that Ts, how to save the gas for th«-
development of manufactories on Kan-
sas soil, .schemes are already on font
to pipe it out of the state lor the de-
velopment of manufacturing indus-
tries elsewhere. 1 he desire to knep
this wealth at home to furnish fuel for
manufactories that shall pay taxes in
toour own treasuries,give employment
to our own laborers and enrich our
own commonwealth is a uatural and
laudable one, and if this legislature
can find some l^gal method topreseive
this gr^at source of wealth to the peo-
ple ol this state, it will have periorni
ed a great duty and will receive from
the people the plaudit, well done.
Whatever miy.be the limitations ol
power of the slate in reference to pip-
ing the gas beyond ii* borders, one
duty clearly ithiu its power demands
immediate performance. Vast .mounts
of gas are constantly going to waste
in all the gas fields of the state—a con-
dition which Indiana and other statin
have learned, to their sorrow, should
not be permitted to continue. Stringent
laws to preveHt this waste should be
immediately enacted. Our oil interests
are also in jeopardy. 1 am a firm be
lieverin the competitive system and
entertain with caution any proposi-
tion tending to he centralization t
governmental power over commercial
enterprises which should, as far as pos-
sible, he left to individual ownership
and control. I have been a student of
these subjects for years and as ground-
ed in the philosophy of the competi-
tive system in contradistinction to the
socialistic idea of governmental ab-
solution of business enterprises. The
compe-itive system is essential, in my
judgment, to healthy industrial growth
while socialism is a soporific which
would put the industrial world to sleep.
But, while profoundly imbued with
this conviction, i refuse to be blinded
by a theory however sound, or con-
fused by misleading terms. If an ar-
rogant and almost omnipotent monop-
oly is to control in any business circle,
the competitive system is slaughtered
in the house of its rrieuds, for monop
oly is but one form of socialism mas-
querading under the name of compe-
tition. Monopoly destroys competi-
tion and that is all socialism does, con-
sidered from an industrial standpoint
Rather, therefore, than permit the
great monopolies to rob us of the ben-
efits of the vast reservoirs of oil which
have been stored by the Creator be-
neath our soil, I am inclined to waive
my objection to the socialistic phrase
of this subject and recommend the es-
tablishment of an oil refinery of our
own in our state for the preservation
of our wealth and the protection of our
people. A respected correspondent
objecting to this proposition says that
"every Kansan has always wished
that our corn might be converted into
beef and pork before it was shipped,
but no one thinks it would be a good
idea for the state to go into the busi-
ness of feeding corn in order to bring
about that result." This is a plausable
but not a sound argument. The eases
are not analogous. If a trust should
become able to universally control the
price of corn, and should do it to the
continual detriment of its producers,
then, the cases would be similar, and I
apprehend my friend can now see the
fallacy of his argument. Our produc-
ers are now compelled to sell their
crude oil entirely too cheap, while the
consumers of the final product are com-
pelled to pay too much for it. Thus
are we being ground beneath the upper
hnd nether mill stones of monopoly,
and the people are rightfully demand-
ing relief.—(Jov. Ilooii of Kansas.
Ingmire Bauk Oredit- Strengthening Bill.
Mr Ingmires bill relating to the.furn-
ishing of depositors bonds by all Okla
lipma ban Its which was prepared alter
much study by Mr. Ingmire, is of great
interest to the territory generally and
distinct deporture in4the interests of
all classes of people.
The act is intended as a credit-
strengthening institution. In other
words it is the opinion of Ingmire that
when his act becomes in full force and
effect that bank deposits will increase
50 per cent, money which is now being
kept in socks arid sent out of the terri-
tory will be greatly aoguineuted. In
fact all the small banks will favor the
passage of the lull, as its passage will
stren. then them materially. The bill
has many good features which speak
for Itself. It is as i olio as;
An act relating to Banks and Banking,
Providing for a Depositors Bond, Pro-
tect iui: the depositors in cases ol fail-
ure and insolvency, as then respective
interests may appear.
Be it enacted by the legislative assem-
bly of Oklahoma Territory.
Section 1. Any individual or cor-
poration doing a banking business in
tile territory of Oklahoma shall not
accept or receive on deposit, with or
w itliout interest,any money, bank bills,
or notes, or United States treasury
notes; gold or silver certificates, notes
United States bonds, bills checks or
dralts, until such individual or corpora-
tion shall have entered into a good alio
sufficient bond for the use, benefit
and protection of the deposiloraa
of said banks as then repective
interests shall appear, and the
| same has been tiled w ith and approved
j by the bank examiner, in the sum equal
| to the amount ot its deposits on the
! lirst day ol January ol each y ear,winch
, bond shall remain in full force and et
feet until a new bond shall have .been
liled slid approved by the Bank Com-
missioner, and shall be made payable
to the territory of Oklahoma and shall
be substantia lly the following fprui
lo-wit;
(Form of Bond)
Sec. 2 A new depositor's bund shall be
given each year aud must be filed with
and approved by the Bank Commiss-
ioner on or betore the lath day ot Jan-
uary of each year.
Sec 3 1 lie bank commissioner shall
keep a oook, designated as the Depos-
itors lloud Uecord, and record all de-
positors bonds therein, aud said record
shall at all times be open for public
inspection.
Sec. 4 Whenever it satisfactorily app-
ears to the bank commissioner that the
security on the depositors bond is, from
any cause insufficient or the bond is
lusuticient, he may make an order re-
quiring the bank to additional security,
or to tile a uew bond substantially in
the form as prescribed' within a rea-
sonable time, not more than ten days
Sec 5 If a bauk fails or neglects or
refuses to comply with the order within
the time prescribed in the preceding
sections, it shall immediately suspend
business until it shall have furnished
a bond as hereinafter set forth, aud the
bank commissioner shall take charge
thereof and if a good and sufficient
bond is uot filed with and approved
by the bank commissioner within twen-
ty days thereafter, he shall proceed to
liquidate and settle up its affairs as
provided for under section 27 of Wil-
son's ltevised and Annotated Statutes
of 1903 and pay its depositors as re-
quired in section 6 of this act,
Sec. ti Upon the insolvency or failure of
h bauk or its failure to comply with
the lorenoing section, in giving a depos-
itors bond, the bank commissioner
shall t;ike charge of its effects and as-
sets and on the behalf of the depositors
shall make a written demand up lithe
sureties on the depositors bond for the
payment of the amount ot deposits
covered by that bond, and tiie receiver
of said bank Khali immediately proceed
to collect, with or without suit, the
amount of the deposits from tile sure-
ties on the depositors bond, and w hen
so collected, pay the same upon demand
to depositors of said baiiK, as there re-
spective interests may appear.
Sec, 7 In the organization of new
banks there shall be filed and approved
by the bank commissioner a depositors
bond in a sum m tless than lifiy thous-
and dollars, before ? charter shall
issue .
Sec. 8. All banks now engaged in the
banking business in theterritory of
Oklahoma, shall be required to file
with and have approved by the bank
commissioner, within thirty days after
the passage and approval of this act,
a depositorsbond in an amount equal
to its deposits on the day of the pas-
s age and approval othis act, and a fail-
ure to comply herewith shall subject
said bank to all the provisions of Sec-
tion o of t'iis act.
Sec. 9. Evejy banker,officer employe
director, or agent of any bank who
shall knowingly receive or accept or
deposit, with or without interest, any
money, bankbills, or notes or, United
States treasury notes-gold or silver
certificates, or currency, or other notes,
bills, checks, drafts, without a depos-
itors bond having been filed with aud
approved by the bank commissioner,
as required by the provisions of this
act, shall be deemed guilty of a felony,
and upon conv iction thereof shall be
punished by a tine not to exceed live
thousand dollars nor less than one
thousand dollars, or b> imprisonment,
Sec. 10. All acts and parts of acts in
conflict herewith are hereby repealed.
Sec. 11. This act shall take effect
and be in force at the expiration of
thirty days after its passage and
approval.
Russian Teacher's Pitiful Pay.
The condition of the village school-
master in Russia is not to be envied.
The case is reported of a master who
has been in one school tor thirteen
years, a married man of thlrty-flv#,
with Ave children. His annual salary
Is 2(H) roubles, or *bout $100.
"What the democratic party most
needs today is to be animated lay the
spirit of Andrew Jackson as it ap-
proaches pending problems. It suffer-
ered overwhelming defeat last Novem-
ber, and the prime cause of that de-
feat is to be found iu the fact that it
lacked this spirit. It cannot hope
either to win or deserve succes until
it becomes in reality a Jackson party,
and, like Hickory, is to take the peo-
ple's side on every question without
stopping to •ount the cost or to meas-
ure the prospects of immediate suc-
cess." Concerning railroad regulation
Mr. Bryan said: "President Roosevelt
is just now entering upon a contest
for the regulations of railroad rates
and the democrats ought to heartily
support him iu the position he is tak-
ing. If with democratic assistance he
ucceeds in securing more strict reg-
ulation of the l'eilroads engaged in
interstate commerce the public
>vill receive the benefit and the
o-niocratie party will share in the
credit. It even with democratic as-
sistance, he tails, the democratic party
will profit by educational work which
he is doing, and the railroad question
will be still more acute While I am
anxious that the virtue of government
regulation shall be fully tried, I find
myself inclining to tjie belief that pub-
ownership is the only permanent cure
for the evils which have grown out of
the management of the great arteries
of trade by a few individuals who have
only their own pecuniary'interests in
view and who exploit the public to the
. xtent that the traffic will bear it."
— W. J. Buy an.
Heavy Plowing.
"About the biggest yarn in the way
of a story about plowing that I ever
heard was told by old man Hobbs, who
used to work at the Caldwell pottery,
years ago," said John Criswel!, of
(irand Prairie, who was swapping
stories with the Fulton Gazette's edi-
tor on sod-turning, last week. "Old
man Hobbs used to tell of the big farm-
ing he did out West in Ills younger
days, and said that in working twenty
v *e of cattle to a plow going around
a 1,000-acre field, he turned under brush
and all, never stopping for even sap-
lings as big around as your arm—plow
cut them off slick as a whistle and
went right along. Old fellow said
that one morning, just as he had got
the cattle strung out and hitched to
the plow, his old lady called to him
and told him breakfast would be on
the table in about half an hour. lie
told her he would go once around and
be back in plenty time, and started
around the 1,000 acres fast as the cattle
could travel, with his old dog at his
heels, following in the furrow. He
declared he got back to the house in
exactly thirty minutes from the time
he started, and as lie knocked the dirt
off his shoes at the door, previous to
going in for breakfast, Mrs. Ilobbs
asked liim what had become of the
dog. Going back to the field, lie found
the dog drowned in the furrow, about
forty rods from where he stopped tin
plow, and declared that the sweat that
streamed from him as he went round
that land that morning had run in the
furrow to such au extent as to drown
the poor dog! Hobbs could tell that
tale without cracking a smile, and it
was only a fair sample ot the stories
he used to tell down at old Caldwell "
Wny Stop at Oil?
Governor lloch recommends iu his
message that the state ot Kansas shall
go into the business ot refining oil.
Why oil any more than the other bus-
iness enterprises which are more or
less in the hands of monopolists, the
governor does not say. It would be
much more to the point, for example,
if Kansas went into the business of
packing beef and pork. The packing
house monopoly affects ten Kansas
producers where the oil industry all
ects one. So far as its territory ex-
tends, every railroad iu Kansas is a
monopoly. Why not stand for the
Bryan project of state ownership of
railroadsV Why not, in short, go the
B A. Garber,
President.
M. C. Garber,
Vice-l'resident.
George J. Taft,
Cashier
THE FARMERS STATE BANK.
SURPLUS and CAPITAL $16,000.00.
Farm, Chattel and Personal Loans Made Without Delay.
We Pay Your Taxes. Ample Funds for all Kinds of
Loans at all times.
GARBER OKLAHOMA
.PA. Hill, President.
John Grother, Vice-l'resident.
II. E. Hrunken, Asst. Cashier.
J. F. Walker, casliie
GARBER STATE BANK
Capital, #10,000.00.
I 'Ollectb taxes aud does a general banking business. We have ample funds on
hand at all times to loan on real estate in I personal security, mid every
privilege is granted our customers consistent with safe blinking,
Your Business is Solicited
WOLFE
Heat riarket and Staple Groceries.
Highest market price paid for Hides of all Kinds.
Home-rendered Lard, 12'.jc per pound.Market price paid for country pro-
duce in meat or groceries. Ice always ou hands in any quanity desired.
ICE IN ANY AMOUNT WANTED.
The World s Only
Dustless BRUSH.
Wil sweep your Floors and Carpets Perfectly clean
without any Dust. For sale by ITrs. Lewis Lippert,
Agent, Garber, Okla.
j, i). flown.
(Successor to s. L. Tuttle.)
Veterinary Surgeon and Dentist*
LIVERY, FEED AND SALE STABLE.
Phone No. 57. Good liigs. Careful Drivers. Your Patronage Solicits
r
Hu
SALE and JOHNSON
L umber
LATH,
DOORS,
LIME,
S HINGLES,
WINDOWS,
BRICK, CEMENT.
i
All kinds of building material kept on hand.
Your trade solicited.
LOUIC LIPPERT, Mngr.
whole socialistic programme and stand
for state ownership of everything?—
Kansas City Journal.
It is reported that when Captain
Frantz went to Washington with bis
band of Osage braves that Secrets r>
Hitchcock turned down his appliba
tion for the payment of the hotel bill
and intimated that he had better bike
back to the reservation. The Captain
made a call on the president, told his
troubles and Roosevelt called the sec-
,et'try down and ordered the bill paid.
—Enid Echo.
The secret of the success of the mail
order houses is that they advertise.
They wouldn't last a month if they
didn't. They have discovered the fact
that in order to get business you must
let the public know that you are deal-
ing in bargains. The local merchant
who adopts the same policy is the one
that succeeds.—Enid Fagle.
l'lie beef trust is held responsible lor
the suicide of eight bankeis, the failure
of forty banks and the loss of $12,000,-
000 of the peope's money "Why don't
he people eat vegetables f, inquires
the president of our ladies club.—Enid
Eagle. .
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Peters, S. H. Garber Sentinel. (Garber, Okla.), Vol. 6, No. 14, Ed. 1 Thursday, January 26, 1905, newspaper, January 26, 1905; Garber, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc143646/m1/1/: accessed April 19, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.