The Claremore Progress (Claremore, Okla.), Vol. 17, No. 6, Ed. 1 Thursday, January 13, 1921 Page: 4 of 8
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THE CLAREMORE PROGRESS
THURSDAY, JANUARY IS, 1921.
The Claremore Progress
Entered at the Postoffice at Clyrv*
more, Oklahoma, a* second-class mail
matter.
Issued Every Thurssday by
A. L. Kates ... Publisher
W. C. Kates Editor
OFFICIAL COUNTY PAPKB
Foreign AdvtrtUlng RtpmniMtiva
THE AMERICAN PRESS ASSOCIA1 ION
- — -
THE
CANCELLATION EVIL
The present situation has been
gravely aggravated by the widespread
cancellation of sales contracts. Ac-
cording to a statement made just be-
fore the close of December by Charles
L. Bernheimer, Chairman of the
Committee on Arbitration of the
Chamber of Commerce of the State
of New York, more than $2,000,000,000
worth of merchandise is to be found
on piers^ in warehouses, at railroad
stations, on cars and in steamships
in the United States, ownership of
which is disputed because of fault
finding, attempted cancellations and
actual cancellations; while another
$1,000,000,000 worth of American
goods abroad is held up under similar
circumstances.
Caught in a falling market, many
buyers have been seeking to avoid
their share of the setback by outright
repudiation of orders. Domestic buy-
ers have cancelled orders for goods in
process of manufacture, and this has
made the manufacturers of those
goods, in turn, feel impelled to can-
cell their contracts. Firms abroad
have refused -to accept American
goods at high prices, which have al-
ready been completed and shipped,
and yet representatives of those firms
are reported to be/ buying in-' the
market he^e at the new level of
prices.
That the cancellation evil has
spread to many lines, that it has be-
come world-wide, and that petty dif-
ferences over technicalities in con-
tracts are often made the excuse,
does not raise the morality of the act
nor alter the seriousness of its effect.
Many of the buyers who seem to
imagine that when the market goes
against them a contract ceases to be
a contract, were bringing suit a short
time ago, when prices were rising,
for delayed deliveries under orders.
What is needed in business is more of
the code of business ethics prevailing
in Wall Street. On the floor of the
Stock Exchange brokers in a few sec-
onds enter into verbal contracts with
each other involving tens of thous-
ands of dollars; they make a pencil
memorandum of each transaction on
pads, and-do not even exchange mem-
oranda. Among foreign exchange
dealers rapid contracts are made over
the telephone involving large sums.
In every case, no matter which way
the market goes, contracts are scrup-
ulously observed; there is hardly a
dispute, and never a "cancellation."
On December 2, the Committee on
Finance and Currency of the Cham-
ber of Commerce of the State of New
York submitted to that body its
opinion that the loose business meth-s
ods which enable purchasers to re-
ject goods whenever prices decline
will cause a perilous business de-
rangement at every downward turn. |
"The uncertainty created by the sway 1
of such vicious practices," said the
Committee, "extends far beyond the
two parties immediately affected, it
spreads like a contagious disease and
ultimately determines and menaces
the safety of all branches of produc-
tion, trade and finance of the country.
For our whole economic structure
rests upon u contractual basis and
upon a clear recognition of the sanc-
tity of business obligations." The
Chamber unanimously adopted reso-
lutions which in part read as follows:
"Resolved, That an effort should be
made on the part of the business com-
munity to incorporate into written
contracts a frank stipulation respect-
ing cancellations, in order that busi-
ness may be established on a clear
and definite contractural basis, and
that the possibilities of misunder-
standing and disagreement may be
lessened and an elementNjf dangeri^us
uncertainty be removed; and be it
further
"Resolved, That the Chamber of
Commerce urge upon the business and
banking communities that buyers who
disregard their written agreements
shall be considered as being lacking
in business morality and as undesei*v-
ing of confidence; and that business
and banking leave no doubt that at-
tempts willfully to violate contracts
shall be frowned upon as violating the
code of business ethics on which rests
the entire structure of American in-
dustry, commerce and trade."—The
Merchants & Metals National Bank,
New York.
29 DEGREES OF MASONRY
. GIVEN PRES.-ELECT
/
COLUMBUS, Ohio, Jan. 6.—
President-elect Harding became a
:!2nd degree Mason tonight at tht
end of a 12-hour initiation ceremony
participated in by ranking officials
of the order, from all parts of the
United States.
Starting as a master Mason, the
president-elect was raised through
the other 29 degrees at a continu-
ous sitting arranged for his accommo-
dation.
""He Vlas the third chosen chief ex-
ecutive to travel through the high-
er degrees of Masonry before the
Scioto valley cdnsistory, James A.
Garfield and William McKinley hav-
ing been given their 32nd degrees
here.
At the conclusion of the cere-
mony Mr. Harding was presented a
Masonic ring given by the 32nd de-
gree Masons of Marion, his home
town, who had occupied posts of hon-
or ifi the initiation. He may return
here Friday to receive membership
in the Mystic Shrine.
With Mrs. Harding, the president-
elect motored here from Marion
before leaving home being with Fred
Upham of Chicago, treasurer of the
republican national committed He
will go back by motor tomorrow
morning.
WANDERER TO HE TRIED FOR
, KILLING "STRANGER"
CHICAGO, Jan. H—Carl C. Wan-
dered, the former army lieutenant
serving a 25-year sentence far the
murder of his wife, will be brought to
trial for the murder of the "ragged
stranger" whom he hired for the
"fake hold-up" in which his wife <vas
killed.
Officials of the state's attorney's
office today served notice on peni-
tentiary officials to produce Wan-
derer in court next Thursday.
COMMERCIAL CLUB MEETS
AT MASON HOTEL
The Claremore Commercial Club
met Thursday noon at the Mason
Hotel in regular weekly Bession. In
the absence of the chairman, F. E,
Keith, the vice chairman. R. R. Heath,
presided and the following business
was transacted:
Minutes of the previous meeting
were read and approvedr
Leo A. Moore, chairman of the pav-
ing committee, reported that the city
.council had dicided to appoint a pav-
ing inspector to see that the proper
mixture of materials \yere usej and
that the council would also pass an
ordinance prohibiting heavy traffic,
such as tractors, etc., on the paving
twhen completed. The committee was
thanked and continued.
H. O. Hurst made a Lyceum report.
He stated that at the present the
Lyceum fund is $25 behind but with
pi'oper care it is believed the course
will pay for itself before completed.
All of the numbers to date have been
paid excepting a balance of $25. And
the best are yet to come, especially
Judge Ben Lindsay, who ought to
draw a big crowd. He is the great
juvenile judge and is a national fig-
ure. The single admission sales at
his number, March 22, should go far
towards putting the season's course
in the clear financially.
Bourke H. Bayless, treasurer of the
club, rendered his report, showing
the receipts and expenditures since
he took office. His report showed a
small balance with some bills yet to
be paid.
The secretary, W. C. Kates, ren-
dered his report for the year. The
report showed the collection of
3.001 on dues from January^!,
1920, to December 31st, 1920. He has
•the receipt of the treasurer for this
amount.
On motion both the secretary's and
treasurer's reports were accepted.
J. Herbert Moore, as chairman of
the hard surface rodclcommittee, re-
ported that at present the road to
O. M. A. is being held up on account
of the fact that the survey has not
yet been completed but he said F. H.
Boyd had promised to complete same
at a near future date. He said after
the completion of the survey, if it
was done right away, it would be pos-
sible for the state to let a contract
for a hard surface road to the school
by the middle of February.
Mr. Moore also spoke of the pro-
posed buffalo .ranch being promoted
by Col. John J'. Spurrier. He said
he had seen the city council about the
concessions requested by 'Col Sp-
rier and he had been assuerd by this
body that the concessions could be
secured at the proper time, sueh as
water for the buffalo from the city
suply, etc. Mr. Moore's committee
in this connection was thanked for
the work done ?nd dismissed.
F. S. Walker presented a bill of
Paul Wiancko for $10 for band ser-
vices on July 3rd. It was referred to
T. C. Ellis for adjustment as Mr.
Ellis had charge of the amusement at
the Fourth of July celebration.
To replenish the treasury it was de-
cided that a number of the members,
dues this month for the entire year
who felt so inclined, might pay their
and that in the future due caution
should be exercised in the expendi-
ture of the club's money.
A motion to adjourn carried.
SEQUOYAH'S ALL RIGHT
The Sequoyah Community Club
which was temporarily organized
'Dec. 27, 1920, met on the night of
Jan. 5 and completed a permanent
organization.
| The house was called to order by
the temporary chairman, Charlie
( Fnanci.^ aftetwhich Mr. Spencer,
! County Agent, gave a talk on the pur-
pose and opportunities of such a club,
j The purpose in short, is for the beU
terment of the community in general,
i Permanent officers were elected for
the year 1921 ,as follows:
| Charlie Francis, president, Mrs.
,Tolbert, vice president, S. A. Miller,
| secretary-treasurer, Mrs. S^A. Miller,
reporter. Miss Matilda Miller was
appointed chairman of the social com-
mittee.
After the business session all ad-
journed for supper, which bad been
prepared by the ladies of the com-
munity. There was everything good
to eat from corn-bread to the finest
of cakes.
The community was well represent-
ed and all had a good time.
Mrs. Watson, Home Demonstrator,
was not present on account of bad
roads in the norteast part of the
county, where she had gone in con-
nection with her very busy business
which her office calls for.
Regular meetings of the Sequoyah
Communijfy Club will be held at Star
Chapel on the first and third Wed-
nesday nights of each month. All
members are expected Jo attend and
visitors are welcome.
SUSPENDED RACING STAR
IS REINSTATED
The suspension of six months which
was imposed as a penalty upon Eu-
gene Walker, a famous American
motorcycle racing star, has been lift-
ed by tlie chairman of the M. and
A. T. A. competition committee fol-
lowing a majority vote of that com-
mittee favoring the reinstatement.
Walker was suspended in October
following a meet at Readville, Mass.,
at which he refuse* to ride in an event
in which he was entered. He rank as
a topnotcher in his profession and his
ability as a pilot of fast two-wheelers
has won him more victories than any
other rider in the game. He is the
holder of a long list of speed records
including his Daytona Beach perform-
ance of 115.79 m. p. h.
WHY NOT A MUNICIPAL
BAND HERE?
It is time to begin some agitation
for a municipal band for Claremore
to provide music during the summer
months. This seems the only fair
and equitable way to support a band
—by taxation. For in this manner
all of the pepole pay for the main-
tenance of the musical organization
that provides music and entertain-
ment for all Vie people. Under the
law a direct levy cannot be made for
band purposes but it can be incor-
porated in the levy for park purposes
and then used for the maintenance
of the band which is an essential
requisite for a park. BoQst for a
municipal band for Claremore for
the coming summer.
REPORT OF THE CONDITION OF
Farmers State Bank of Inola
No. 86-1170
Of Inola, Oklahoma, at the Close of Business December 29th, 1920.
RESOURCES
Loans and Discounts - - $21,061.90
Overdrafts, secured and unsecured - 3.74
Securities with Banking Board 500.00
Stocks, Bonds, Warrants, etc. ..1 - 1,651.45
Furniture and Fixtures 3,000.00
Due from Banks 25,002.72
Checks and other Cash Items 393.06
Cash in Bank 2,185.80
Total .$54,398.67
LIABILITIES
Capital Stock Paid In T
Undivided Profits, less Expenses and Taxes puid
Individual Deposits Subject to Check
Time Certificates of Deposit
Cashier's Checks Outstanding
$15,000.00
674.06
. 35.346.961
2,984.94
392.71
Total $54,398.67
State of Oklahoma, County olj Rogers: ss.
I. J. O. Geiser, Cashier of the above-named Bank, do solemnly swear
that the above statement is true to the best of my knowledge and belief, so
help me, God.
J. O. GEISER, Cashier.
Subscribed and sworn to before me this 12th day of January, 1921.
(Seal) , EDWARD McDAVIS,
My commission expires Feb. 7, 1924. Notary Public
CORRECT ATTEST;
N. F. Woolard, R. L. McLain, J. O. Geiser, G. D. Davis, Directors.
KNIGHTS OF PYTHIAS HAD
GOOD MEETING
At the Wednesday night meeting
of the Knights of Pythias Lodge a
large class took the work which fin-
ished their long journey to Knight-
hood.
The work was put on by Deputy
Grand Chancellor L. A. Westgate, as-
sisted by John A. Gustafson, C. L.
Dawson, G. H. Chandler, P. W. Whit-
taker of Tulsa, and they showed
themselves to be past masters in put-
ting on this degree. Some of the
minor positions were being filled by
members of the local lodge.
The visitors recommended placing
D. Esco Walker as captain in charge
of the various degree teams which
it is the intention of the local lodge
to start getting together in order to
be more fully prepared for future
work in the various steps necessary
to bring candidates through the very
impressing jDurney to Knighthood.
After the meeting the members ad-
jourped to the Mecca Cofe, where an
enjoyable spread appeased the inner-
most of man who felt tired and hun-
gry after the evening's program.
This is the second trip of the Tulsa
K. of P. to this place to assist the
local lodge in their effort to put on
the impressive ceremonial exercises
of the order, and which are always
enjoyed by the new as well as the old
members. Come again Tulsa.
JUSTICE J. E. LONG MARRIES
FIRST COUPLE
Mrs. Joe Coulter has returned to
her home in Parks, Texas, after a
pleasant visit in this city and Inola 1
with relatives and friends.
GOLD-LINED SHOES TO RE-
TAIL FOR $100 A PAIR
NORTH ADAMS, Mass., Jan 6.—
Two pairs of shoes designed to sell at
retail for $100 a pair and said to be
the most expensive ever made in this
tate, were exhibited at a factory
here today. One pair is made of pat-
ent leather kid with pure gold leaf
lining and gold underlining of all
perforations, gold hooks and eyes and
has a $20 gold piece inserted in the
heel of each shoe.
The other pair is of tan jfcith a
lining of bright red satin and a gold
watch of the wrist tjrpe inserted in
the left shoe just above the ankle.
Mrs. Walter Burgess was reported
on the sick list Tuesday.
John Jones, of Cpffeyville, Kan.,
and Miss Daisy Manley, of Claremore,
were married Wednesday morning by>
Justice of the Peace J. E. Long. This
is Mr. Ling's first wedding. He went
into office a week ago.
Lloyd Lafferty and John Dougher-
ty, of Foyil, were among the out-of-
town people in the city Monday even-
ing
Attracts Labor to
the Farm
Are you short of "hands"?
Delco-Light will attract labor
to your farm. A "hired-man"
will appreciate the electric light
around the barn. He will ap-
preciate the electric power that
aids with the chores. He will
appreciate a cheery home sur-
rounded by modern comforts.
Write for catalogue
J. C. RESSLER
DELCO-LIGHT
The complete Electric Light mad
Power PUnt
LIGHT AT ALL TIMES '
EVERY DAY A SALE DAY IN
OUR STORE
You can always come lo our
store wilh the assurance that
you can buy the Best for Less.
Walker Department Store Co.
Sells the Best for Less; Why Pay More ?
JUST RECEIVED
Ladies' Sport Wool Hose at
REVISED PRICES
Now $1.00, $1.50 and $2.00
Men's and Women's
Ready-to-VJear
All Ladies Fall Suits and Goats
ONE-HALF PRICE
Children's Coats
ONE-FOURTH OFF
Ladies' Dresses, both Silk ai.d Wool, for
Less Money than we ever sold them,
even before the war.
Men's and Boy's
Clothes
are marked down about !' 3 1-3 per
All Men's Shirts show a bi^ reduction,
cent.
Men's Hats are now 25 to 50 per cent
leas. f
Final Clearance of Our Famous
Munsingwear
WE HAVE NEVER HAD TO SELL MUNSING WEAR AT THE HIGH PEAK PRICE
FOR THE REASON THAT WE WERE ABLE TO GET A LARGE SHIPMENT LAST
JANUARY AT LAST YEAR'S PRICES WHICH* PRICE AFTERW ARDS ADVANCED
NEARLY 50 PER CENT.
THOSE WHO HAVE NOT YET PURCHASED THEIR FULL WINTER REQUIRE-
MENT WILL DO WELL TO TAKE ADVANTAGE OF THE CLEARANCE PRICES.
=====
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Children's Cotton Unionsuits
Children's Cotton Unionsuits
Children's Cotton Unionsuits
Children's Wool Unionsuits
Ladies' Cotton Unionsuits
Ladies' Cotton Unionsuits
Ladies' Cotton Unionsuits
Ladies' Wool Unionsuits
Ladies' Wool Unionsuits
Ladies' Wool Unionsuits
Indies Silk and Wool Unionsuits
_peak
_peak
.peak
.peak
.peak
.peak
.peak
.peak
.peak
.peak
peak
price $2
price $2
price $2.
price $3.
price $2.
price $3.
price "$ 3.
price $4.
price $5.
price jo-
price $6.
00, our fall
.25, our fall
50,#our fall
.50, our fall
.50, our fall
.00, our fall
50, our fall
50. our fall
00, our fall
50, our fall
50, our fall
price $1 50.
price $1.75,
price $2.00,
price 2.50,
price $1.75,
price $2.00,
price $2.50,
price $3.50,
price $4.00,
price $4.50,
price $5.00,
now
now
now
now
New Hosiery Prices
All ^>ur Wemen's and Children's Hose
are now marked down to conform to the
present factory prices.
Our Famous Cadet
Hose
for Boys and Girls bought to sell at
$1.00 per pair is now only 50c per pair
and other brands of children's Hose is
now aboiit HALF the high peak price.
All Ladies' Hose, both silk and lisle, are
marked in accordance with the new
spring price, which range from $1.00 to
$4.00* about 12 the hikh peak prices.
Cotton and liales from 10& to 7Sf
All cotton goods it half former prices, some at less than half; in fact our entire stock is marked down to low spring prices
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Kates, W. C. The Claremore Progress (Claremore, Okla.), Vol. 17, No. 6, Ed. 1 Thursday, January 13, 1921, newspaper, January 13, 1921; Claremore, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc183306/m1/4/: accessed April 24, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.