Sapulpa Herald (Sapulpa, Okla.), Vol. 10, No. 62, Ed. 1 Wednesday, November 12, 1924 Page: 1 of 6
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UNITED PRESS
Full lrairri wire service of the
United Pres* li received by the
Herald.
SAFU
ALB
Average Dally Circulation
lor October 1924
3049
VOL. X. NO. 62.
SAPULPA. CREEK COUNTY. OKLAHOMA. WEDNESDAY. NOV 12. 1924
VANDERLIP
SPEAKS OF !
CONDITIONS
DOG HILL PARAGRAFS
By George Bingham,
All Totals That Show
Extent Of Business
About To Climb To
New Mark.
NEW YORK. Nov. 1*.—Clerka In
romuiissioti anil brokerage houses
again worked through the night, to
handle avalanche of orders from
all parti. of the nation aa the stock
market entered the seventh day of
the great |H>st election bull market.
Public confidence seemed un-
Inninded and In the face of reports
of business .prosperity and expansion
of Industry traders were prepared
for an indefinite continuation of buy-
ing wave.
The turnover In the stock exchange
yesterday was 2258,399 shares, rail-
way and Industrial Issues going into
new high ground for the year. Both
the slock exchange and the curb
market were taxed to capacity wtth
a te.tal of 041 stocks traded In. In-
dustrial. Including coppers and oils
vicing with rails for leadership in
the speculative wave.
A total of 11.67a,279 shares had
been traded in since (he election
when the stock exchange closed last
night. Fifty representative stocks
showed a net gain of 4.12 per cent.
Among representative stocks which
made outstanding gains since No-
vember 2. are American Can, up
1.1 19; U. S. Steel up 6 3-8; South-
ern Pacific up 10 1-4; U. S. Alcohol
up 10 1-2; Atchison. Topeka and San-
to Ke up 3 5-8 und General Electric
up 5.
It was estimated that brokers bor-
rowings have Increased about 1125,-
000,000 in the last month and that
the total now approximately is 81.-
600,000,000, the largest so far this
year.
Even under this Increased demand
the money muaket showed no signs
of strain and the call money rate de-
clined during the day from 2 12 to
2 per cent.
Under the pressure of heavy trad-
ing the tickers fell at timo-s from
seven to ten minutes behind actual
I railing and the stock exchange dear
Ing houses was once more obliged
to extend the time for settlement.
PRICE FUNERAL
SERVICE TODAY
LAST RITES FOR OKLAHOMA
CITY DISTRICT JUDGE
ARE HELD
OKLAHOMA CITY. Nov. 12- Fun
erHl aervires for C. L. Price, district
court judge, who died here last night
following a stroke of paralysis Sun-
day. will he held here at 3 o'clock
Ibis afternoon.
Judge Price was thought to be
on the road to recovery but his
physical condition was too weak to
withstand a second stroke which he
suffered early Inst night. Ho was
43 years old. He was made a dis-
trict court judge tiy former Governor
.link Walton when tfle ninth legisla
tore created a new judgeship in
Oklahoma county. He had engaged
In law prartlre In Oklahoma City
since 1906, when he came here fol-
lowing his graduation from college
al Lebanon. Tennessee.
District Judges and older members
of the bar association will uct us
honorary pall bearers.
SEEK TO ASSIST
EX-SERVICE MEN
MEN ARE URGED TO TAKE AD-
VANTAGE OF CHANCE TO
GET AID
OIL LEASE STUSS.v Sapulpa High School Rest..
| GRAFT HIT
IN INQUIRY
Oku,
'OIUa
Hist
CITY
°*U.
TO SAVE MONEYi
I
THRIFT MACHINFS IN SCHOOLS
HAVE CAUSED GREAT
SAVING.
Thrift uutonmth tillers' niachlm
are being inatalleil In (lie Supiilim ]
schools by saving oe titullons of Ha-
- ] pulpit. Theae machines are being
| i _ _ ____ „ used lii Tulsa und many other large
Uncover Urave Unarges tN(.llMi),M ()VI>r tl„, ,.,rv |iHHt yi.url
At Muvkogee Probe; S',.21
LeaPS Pirates Take Institution whciy I* proved very sm
Indian Land, Claim. .1 k. Linsdaie. when principal <>f
Woodlawn school, persuaded the Hu
IIISKOCFF okln Nov 1" Tile pulpa Building und Lean association,
attorney gen.Tal of ' Oklahoma Will that if a savings Hen,,,,,!Ing machine
he summoned to aid In investigating was put In tb«icll) .bool* much of
'serious" charges uncovered lute y-s . ll-e money which being spent
terday by Urn congressional Indian foolishly could be - u-d if only the
affairs committee meeting here, pupils had the opportunity to save
II I* Snyder. New It. Last year tin . uulpii Building
Place in High School Conference
DRYS MAY
or«“ ***„
Ur .
OPEN NEW
CAMPAIGN
ERYEAR
ICE
DERS
CONTINUES
Sapulpa High School Is once mure
a full fledged member of the
Oklahoma a High School Athletic As-
sociation. its suspension being lifted
by the hoard of control at their _ .
meeting ai Norman Iasi Saturday.' Brokerage Houses Are
and the llltie and White will lie
Representative
York, Indicated to the United Press
today.
The charges were uncovered when
and lumn Association bought a thrift
saving machine and tried It at the
Washington huildliu Mr. Linsdaie.
The compensation act which was
passed by congress sometime ago
enabling ex service men who. prior
to January 1. 1924. show signs of an
in live tuberculosis condition and oth-
er chronic disease to obtain finan-
cial help, will be void after July
1, 1925. anil the American legion
Is trying lo help those men who have
the symptoms of disease to file their
complaint to the bureau so that they
can receive the money that they are
entitled to.
Many thousands of the service men
who have been rated by the bureau
as having tuberculosis or chronic
bronchitis may benefit under the new
law. It Is believed that u large num
her have developed an added degree
of disability since their last examina-
tion an rating by the bureau.
All men suffering from this dis-
ability are advised by the local le-
gion commander, George Broome, to
present themselves to the Veterans
liiireau for re-examination before Jan-
uary 1. 1925.
MRS. HARDING STRONGER.
Columbus Allsop nays most of us
may he in such h financial fix we
don’t have anything at all much, hut
no matter how poor a person is he
always has at least one hat.
• • •
Stic Kildew has fully made up his
mind to write u letter, and has even
gone so far as to notify the post-
master that he was going to need u
stamp in about a week.
* • ♦
Luke Mathewslu, one of our chum-
pion checker pluyers, says checkers
is much like life - because in both
you’ve got to keep moving and If
you don't move right you lose.
TO SEE LEAGUE
ORDERS OBEYED
ADVISORY COMMISSION OF THE
LEAGUE PLANS BODY TO RE-
PLACE ALLIES.
By Henry Wood,
fnlltcl l'rriw Staff Correspondent
GENEVA, Nov. 12. The permanent
advisory commission of the leowue of
nations council * aval
and aerial qu< liore
today for tlu ting
the league organization that will
eventually take over from the allies
the military control of Germany,
Austria., Hungary and Bulgaria.
The final plans aa prepared by the
commission at the present meeting
will be submitted for approval to the
next meeting ot tne council nt Koine
and it Is shortly after that, or early
in January ut the latest, that It is
expected the allies will turn over to
the league, as provided In the vari-
ous peace treaties, the task of see-
ing to it that none of the ex-enemy
countries seem to exceed the arma-
ments that were fixed lor them in
these treaties.
With the final transfer of this (ask
to the league, the latter’H permanent
advisory commission on military,
naval und aerial questions will be-
come one of the most important or-
ganizations In Europe. It will be this
commission which will he charged
with the surveillance of the ex-enemy
states and It is concluded that it
will to a large extent hold the peace
of Europe in its hands. It is expect-
ed. us a consequence, that the com-
mission will be in almost permanent
session at Geneva, at least for u
number of years to come.
The commission, as now constitut-
ed, consists of one military, one
naval and one aerial expert from
each one of the members represented
on the council. Namely England,
France. Italy. Japan, Belgium. Spain.
Sweden. Czecho-Slovakiu, Brazil and
Uruguay.
The general llneH of the plans and
organized with which the league will
lake over the military control of the
ex-enemy states were ugreed upon
during the meeting of the league
council und assembly In September
The present session of the league's
military advisory commission Is for
the purpose of executing the decis
Ions taken at that time.
Under the plan agreed upon the
league's permanent military, naval
und aerial advlsroy commission will
not have the right personally to make
investigations in any of thegBX-enemy
states. It will, however, he the or-
ganism that will be charged with re
celvlng all complaints and Informa
M.'t' Eggleston, lienlson. Texas, was having been transferred to Unit
Testifying before the committee which I school., w as put In i Imrge of it
Is making a survey of the work of The machine proved a big saving
county probate courts In Oklahoma ■ device. In 120 days of Iasi year, 160
In handling affairs of 15.000 Indians pupils deposited over 81.100 In it
of five1 restricted tribes In the stBle If statistics cun prove anything these
Eggleston testified that "there are machines, put Into action Hits year
twenty lease pirates" working in us hss been planned, will save over
86.000 for Sapulpti school children
This year Mr. Linsdaie. with the
help of (lie Building and Loan Asso-
ciation and the school hoard got be-
hind the move and each saving Insli-'
tut ion In the city line purchased an
automatic teller's machine for the
schools.
The schools where these machines
will he installed are: High School,
Woodlawn. Garfield. Jerferson and
Washington. The Hunk of Commerce,
American National, Sapulpa State,
Home Savings und Loan Association
and Building and Loan Association
are the savings institutions that have
pul the muchines in use lu the
Oklahoma In collusion with certain
county Judges to lease valuable oil
lands owned by the Indians at tri-
vial sums
The accused Judges will be sum
moned before the committee today.
Snyder said.
During the giving of his testimony
before the committee yesterday. Eg
gerslon was asked by Representative
S. C. Roach of Missouri, u member
of the committee, if he had definite
knowledge of any attempt to swindle
Indian oil land owners through coun-
ty judges.
Egfcrston told the committee that
he offered Judge T. G. Carr of Me
Curtain county in June. 1923. 815.000
for a tract of land belonging to Hetty
Bailey, restricted Indian.
"lie told me he would consider the
offer." Egfcrston testified. "A deed
for the land was recorded on Me
cemher 2. 1923. and the tract pass-
ed into other hands for 81 The In-
dians was not aware of the transac-
tion."
J. H Finley, probate attorney said
conditions in the territory were fa-
vorable to the Indians In nearly all
counties He testified that several
forged leases filed after the Indian
ull'dnd the land was dead had been
found In Poutatoc county.
All of the men accused by Eggers
ton af belonging to the "piracy" up
engaged In the lease and abstract
business In Oklahoma. Their uctlvl
lies, he testified, have spread over
nine counties in the'oll fields. The
counties were Carter. Love, McCur-
taln, Murray. Marshall, LeFlore, Choc
taw, Uushmata and Garvin.
Eggeirslon. names the following
as members of the alleged consplr
acy: R 8. Oardenshlre, Ardmore; J
A. Hlneman, A. K Holmes and G.
Irving, all of Chickasha; B. I). Tall-
ferro and E. J. Haddock. Madlll; E
1*. Dyer, Durant; W. O. Kesslar and
John Locke. Ardmore; II. Bronsugh.
Hugo; G. H Stone. Waurika; Joe
Marietta and J N. Plppett.
CHICKASHA, Okla. Nov 12—"As
far as I am concerned there is abso-
lutely no foundation for the charge
which J T. Eggleston, made relative
to deals In Indian leaves," said J. A.
Hyndmnn. local lund man and one
of the three Chickasha men named
by the Texas lease buyers. “I have
advised probate officials that I would
he glad to testify before the com-
mittee und I welcome an investiga
Hon of any of tny deuls."
A. A. Holmes and C. T. Erwin
made similar statements.
YOUNG MURDERER
PRISON TEACHER
schools.
DRIVE FOR
BIG CHEST
FUND SOON
eligible to partlcipute in nil high
school nlhletic contest s after De-
cember 1, 1921
Sapulpa High School was suspend-
_ led Inst March for playing Brail
I Nettles on the fooothall team.
Expect Renewed Effort 'Through a mistake Nettles' transfer
.L. * i wr i j fr""i Ada had noi been fully recog-
lo Apply Volstead nixed by the hoard
When word was received this
morning during the chapel hour the
students went temporarily wild with
Joy, their yells being heard for sev-
eral blocks. Tile local school will
eligible to play In the coming
basket hall season, and ns there are
champion team hack In school a win-
ning learn is predicted by the coach-
ing stuff at the school.
The letter received by the school
officials this morning from W. W.
Isle, chairman of the hoard of con-
trol. reuds as follows:
Principal of High School,
Sapulpa. Oklahoma.
Dear Sir:
The Board of Control ut its last
meeting voted to lift the suspension
of the Sapulpa High School on De-
cember 1, 1924. The school will
then become a member nguin. upon
the payment of dues, submission of
eligibility lists, etc.
Very truly yours,
W. W. ISLE.
Chairman of the Board of
Control. *
Act To Liquors Of
Home Brewers.
WASHINGTON, Nov. 12 Renewed
efforts hy drys In tli•• coming session
of congress lo make the Volstead
Act apply to home brew were fore-
seen hen* today ns n result of the
Soper opinion in the trial of Repre-
sentative Hill that It did not so
apply.
Wayne It. Wheeler, general coun-
sel of the anil-saloon league. In a
laconic stalemenl said the Soper
opinion was "clearly right" and that
It might he necessary “to cork up
the law a bit.”
Wets, on the other hand, were
Jubilant. They were of the opinion
any attempt to make the one-half of
one per cent definition of Intoxicat-
ing alcoholic content apply lo elder
and fruit Juices manufactured In the
home or on the farm would alienate
a large portion of the rural vote
which has always been strongly dry.
The Soper opinion was In con-
formity with a four year-old policy of
the department of Justice here. As-
sistant Attorney General Frierson,
four years ago. wrote an opinion that
home brew was exempt from the al-
coholic content definition of the Vol-
stead act. He said home brew manu-
facturers could only be prosecuted
hy proving their brews were “Intoxl
eating In fact."
The prohibition unit bus refused to
accept this view of the department of
justice and as a result there has
been much confusion
The Hill case will certainly he
appealed to the supreme court for h
final decision as authoritative Inter
pretations of the law. It was felt
here. If Hill is acquitted, the gov-
Only Be • runictU will appeal and if he Is not,
' Ask 2d To Give One'"- wl"
Time In Year For SALVATION ARMY
SUBMITS REPORT
NATHAN LEOPOLD BECOMES IN-
STRUCTOR IN ENGLISH AT
PENITENTIARY.
JOLIET, III.. Nov 12.—Nathan Leo-
pold. serving life In the state peni-
tentiary here for his share In the
murder of Robert Frunks, Is now u
professor of English on the prison
faculty.
Next week, Richard Loeb, partner
a
lion to the effect that uny of tie ! )n the crime, will also become
ex-enemy states are exceeding the I member of the faculty und act as
armaments allowed them under tie j teacher In arithmetic,
peace treaties and to order an In The teaching will not conflict with
All Charities.
The campaign for the Community
Chest budget will l>« held during the
week of November 24 lo 29. at which
lime the committee In charge of the
drive will try to raise Ihe amount of
the budget which Is 824.UUO for the
coming year,
This money will he the only sum
sought and will take care of all the
urguniZHlIons In the city, such as
Roy Scouts, Y. M. C. A.. Y. W. C. A
Salvation Army. Humane society and
Ihe Children's Home. In past years
eurh of these organizations had u
drive of tlielr own, which was trying
on the citizens of Sapulpa To elltn-
Inate so many drives the Community
Chest Fund move was brought be
fore the civic clubs Hnd u budget
committee was selected to draw up
an amount that would sufficiently
take care of the charitable needs of
the community.
jimmy Wilson who is in charge
of the drive, will he unable to serve
as chairman of the drive and a
manager of the move will be up
pointed hy him or the general com
mlttee to work with him ami the
committee In charge of the commun-
ity chest activities.
The committees have worked hard
and huve succeded In getting a hud
get prepared that will lie satisfactory
to the citizens, and the time for thn
drive is ("lose at bund. Last year a
large amount was pledged hy the
citizens for the various charitable or
gunlzatlons and as the drive will
he as one this year, every business
firm and Individual Is asked to do
Ills purl In making a success of the
first community chest fund.
COACH PICTURE
COMES TONIGHT
vestlgatlon by special commissions
created for each case.
MAY PICK HEAD
OF AGRICULTURE
MARION, Ohio. Nov. 12.—Mrs
Warren G. Harding was stronger und
more cheerful today. Dr. Carl <'.
Sawyer announced. The dully bulle-
tin Issued by I>r. Sawyer said she
slept five hours last night.
Three thousand persons attending
the Armistice Day celebration last
ntghl stood In silent prayer for Mrs.
Harding.
B1< return* from BenM want tdi
WEST VIRGINIAN MAY BE AP-
POINTED SECRETARY UN
TIL MARCH 4
WASHINGTON. Nov. 12.—Presi-
dent Coolldge hus under considers
I heir regulur work In ihe prison fac-
tories. Warden Whitman said, In
announcing Ihe step.
Leopold gives two hours a night to
prisoners Interested in acquiring
heller knowledge of the English
language. Loeh also will devote two
hours a night to his class.
For their first time since the
millionaire youths entered jull. two
months ago, they met und talked yes
THAT ORGANIZATION HAS BEEN
BUSY SUMMARY SHOWS
TODAY.
The reports from Ihe Salvation
Army show that they have been
busy during the past two months.
Following Ih a stutaement of their
work for ihe months of September
and October:
Number persons given meals, 34
No meals given, 39.
Ice (donated by Ice company; and
cases Investigated hy Armyi, 9,600
pounds.
Bedding furnished families, 2
Buttermilk furnished (donated, hut
distributed by Army), 18 families
Number garments distributed. 326
Number of putrs of shoes distribut-
ed. 71.
Number persons given garments
and shoes, 187.
Number person given lodgings, 9.
Number persons pluced In employ-
ment, 5. .
Number persons interviewed und
advised, 22H.
Medical attention furnished, 2.
Number families relieved by any
liiennH. 114.
Number persons relieved, 331.
Value of relief, 9243 26.
Groceries furnished. 14 families.
Wood furnished (money donated)
1 family.
Number persons furnish transpor-
tation, 9. . . ,
Bed und springs donated and fur-
nished to needy family.
In addition to above approximate-
ly 825 worth of harvest festival gro-
ceries fruits, etc. were distributed
to the poor of the city; various sick
ministered to, helped with one fun-
eral and have set up nights with the
I sick.
Evangelistic work:
Open air meetings, 57.
Attendance open air meetings,
After two di»( oncertlng delays, the
pit 1 d football ......i......
as It Is don<- hy the collegiate ath | Indoor peelings, .17.
letic directors and followed by
player* of tie country will he shown
at the high - hool auditorium tonight
school oiflcui announced today
Knute Rdckm famous coach of
Notre Dame- grid material. Is r<-
sponsible for much of the work don*
.tar Attendance Indoors, 565.
tlon u proposal to appoint Howard l took advantage of Ihe milling around
\« S4,. nf U‘..jI Virolniu an.rnlurY . . i..
M. Gore of West Virginia, secretary
of agriculture lo serve 114ml March
4. 1925, It was said In uuthoratlve
administration circles today.
Gore |s now assistant secretary of
agriculture and has been aiding since
the death of the late Secretary Wal-
lace.
Appointment of Gore would leave
the president free to make a per-
manent selection after his inaugura
tlon it was pointed out.
Gore was elected governor of West
Virginia at ihe recent general *le<
lion and will take that office ufter
March 4.
terday. It was during the holiday * on P1(,,ur< :,n'* 11 1,1 " ,irf “ ..
movie performance-Armistice duy Is ,hat I'^ove Interc iUh-
a legal holiday In Illinois, und they followers of at 'Idle*.___
Five cases were tried In police
court this morning hy Judge Decker.
Joe Archibald was fined $2 for
to meet und chat.
Conversions, 6.
Jail servlcse (county) 2 each Sun-
'war CryH dlslrlhqtod. houpltal and
jails. 400.
Young people meetings held, 9.
Attendance at young peoples meet
ing*. 189.
War t'rys sold. 1*00.
Home League meetings held (char
lty sewing hy women 1, 8.
Attendance ut Home League meet
Inin, 81.
STADIUM EFFORTS REDOUBLED, fulling to slop at the slop slgnul on I Visitation hy women. 68 families
NORMAN Oklahoma. Nov 12 All Park street E. W. Woods colored.] Work accomplished, patched Uu
efforts were redoubled today by Uni- wan fined 815 for being drunk Wood* garments, made 15 new.
verslty of Oklahoma students to raise has been arresied three times In Hi" __
9315.0*10, of their quota of 333s.gnii ' lust week for the same offense Joe
for the memorial studlum hy lonlgft Roberta, colored, whs discharged l*>
A holiday will be given the student
body tomorrow If the sum Is report-
ed tonight when the soliciting com-
mittees meet. The . student body
raised a tolul of 817,085 In the
opening duy of Ihe drive yesterday.
The Junior class collected 87,405.
the court on a charge of disturbing
the peace. Jucoh Martino Is being
held for the federal offhers. lie Is
charged with deserting from th* U
H tray Alin.' Iluley. win WU With
Martino, Is being held on Ihe charge
of blgntny.
WEATHER
OKLAHOMA: Tonight and Thurs-
day partly cloudy to cloudy:
warmer tonight west portion. <’<>0*
er Thursday west portion
Still Working Over-
Time To Fill Great
Demands.
Editor’s Note: In view of thn
nnsurpussed activity In the stock
murket since the elections thn
United Press asked Frank Van-
(lerllp. noted financier nnd econo-
mist, to analyze the conditions
Hint huve brought this about and
to what degree this will result
In a year of unusual prosperity
throughout the nation.
TAKES A HORSE
AND RIDES AWAY
YOUTH RETURNED TO COUNTY
JAIL UNDER THEFT
CHARGE.
I didn't want, to go to school, so
Just caught u horse and rode away,”
the term used hy young Jesse
Arnold, age 12, to explain the Inci-
dent which occured yesterday morn-
ing and caused him to be returned
to Ihe county Jail here today.
Young Arnold was taken Into cus-
tody some time ago for some minor
thefts and wrus held In Jail here for
several days. Home of his friends
sepured s home for htm with a
family nesr Olive who prepared him
for school and offered him almost
everything that a hoy could desire.
He became dissatisfied and early
yesterday morning slipped a bridle
from the ham, caught a horse and
disappeared Instead of Journeying to
school as usual. They traced him
nnd he was relumed to the home.
When questioned he staled that he
was tired of school and Just took the
horse anil rode hwhy.
Today he is being held in the
county Jull because he would not
take advantage of the home that had
been offered him. The object had
been to secure the hoy a home where
he would he given u chance to over
come the desire to pilfer thing** It
was not stated this morning Just
what action in regards to this mattei
would he tuken.
MUST KEEP FIRES
OFF CITY STREETS
BURN
ALL TRASH IN CONTAIN-
ERS 18 MOREY'S
DECREE.
The people of Hupulpu are drifting
hack Into the huhit of collecting their
leaves and trash on the pavement In
front of their home In several sec-
tions of the city anti burning It there,
Chief of Police Ralph Morey, slated
this morning, and unices they refrain
from such use of (he streets, the
city ordinance which provides for
the prosecution of those that so hum
their trash will have to he Inforced
Burning of leaves and other trash
on the streets I* prohibited for the
reason that the Intense heut from a
fire affects the asphalt as well as the
cement and causes tl to crack and
eventually to break and become a
had place. This has happened in
several sections of the city before
this time The proper manner in
which to dispose of the leave* and
trash Is to burn them In » container
on the reur of Ihe house lot, Morey
said, and unless the practice of
hurtling same on the pavement
ceases within the next few days, the
ordinance will be strictly enforced
Besides the damage done to the
streets by this practice there have
been u number of fires started by
such practice which has resulted In
dumugo and logs of property. If for
no other reason It should be en-
forced to protect the homes in this
city, he said.
THREE KILLED
BY HOT WIRE
MONROE. Texus. Nov 12 Three
men are dead and another severly
burned when they cum* In contact
with 2300(1 voll wire which hail fullen
ucioa* the sidewalk Th dead nn-n
ate J It Heukley of Conroe: W O
Rye, of Milvld. Texas, and Travis
Rye. his brother, of Taylor. Texas.
Leslie Harris, the Injured man. Is
expected to recover.
Herald Want Ado bring renulU.
NEW YORK, Nov. 12—Trading on
Ihe stock exchange continued In un-
precedented volume today and pass
e,l two million Hhares shortly after
2:00 p. m.
Brokerage houses reported no let
up I11 the nationwide flood of orders
which followed return of public con-
fidence following the proseldentlal
elections.
Prices of seuts on the exchange
soared us the bull movement con-
tintide and it was announced a seat
will be posted for transfer tomorrow
ut 995,000.
By Frank Vanderllp,
(Written for the United Press)
(Copyright. 1921. the United Press)
NEW YORK CITY, Nov. 12.—I be-
lieve we are beginning an economic
period during which practically every
total measuring business activity will
far surpass former records.
The new record of stock market
activities, both In total shares and
in the number of Issues traded In,
Is but a forerunner of new high
records in many other directions. The
business scene is set for a protracted
period of record breaking totals.
Wo already have satisfactory labor
equipment at high, effective wagee.
With few exceptions there is no ac-
cumulation of surplus stocks of
goods There Is a thoroughly sound
hank position and facilities for an
almost unlimited extension of credit-
There Is an unusual degree of
peace between employers and labor.
There Is a general feeling of confi-
dence which promises to result In
coursgeous undertaking of fresh en-
terprises.
European conditions are much Im-
proved and there ts more reason for
hopefulness than at any time since
Ihe armistice but I am confident
there Is no Immediate serloue threat
Hint European Industrial competition
will endanger our own situation.
European governments have paid
our government In the last months
880.000. 000 on Interest accounts. Eu-
rope now owes our private Investors
8400.000. 000 a year In Interest. Eu-
rope must sell us goods or securities
to pay this Interest bill.
Indications are that we are likely
to he offered European securities on
a huge scale. I fear we may lend
out of our 1 uperubundant reservoir
of credit too freely.
A chief word of warning I would
give to investors at the moment Is to
exercise caution regarding invest-
ments in new European Issues. In
time we ure almost certain to run
Into u phase of Inflation. The
memory of 1920 Is still too fresh to
make such a movement precipitous.
Imt I believe It Is Inevitable. We
Iiuvh every bail® for Inflation. Our
gold stock has risen In ten year*
from 81,*00,000.000 to 84.500.000.000.
Much of that has purposefully been
made useless for the present by forc-
ing gold certificate* Into circulation.
In spite of having bought a billion
dollars of European securities this
year, gold I* still flowing towards
' some Inflation ts now under wy-
Rapidly Increasing bank deposits
mark that rising Index figures of
prices Indicate It. Aa commodity
prices continue to rise there will no
Increased concern on the part of
the huvers to cover their future
needs and constantly Increased stimu-
lation to business.
The time will of course come
when there will be great need for
rauRon. but the outlook for some
months at least Is for great and, on
the whole, sound expanrion^
DRAMATIC CLUB
TO GIVE PLAYS
The dramatic club of the high
school will present three one-act
plays at the high school auditorium
Thursday afternoon. There will be
no admission for the program and
everybody Is Invited to attend.
The dramatic club has been doing
very active work for the past three
years, being sponsored by the dra-
matic teacher. Mr. Shelton. The
plays to he presented tomorrow are
fantasies, and are conceded by the
club to In- a much better program
than the recital given a short time
ago.
The play* to be preneuted
"FenelJ.” "Overtone*. * and ’"The
Lands of Hearts' Desire.”
COFFEE
NEW YORK. Nov 11 Coffee
ened Irregular; December 122.*>*»
4; March 8** 55. up 17; May 132. up
22.
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Reference the current page of this Newspaper.
Young, John W. Sapulpa Herald (Sapulpa, Okla.), Vol. 10, No. 62, Ed. 1 Wednesday, November 12, 1924, newspaper, November 12, 1924; Sapulpa, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1520856/m1/1/: accessed May 30, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.