The Madill News. (Madill, Indian Terr.), Vol. 10, No. 6, Ed. 1 Friday, August 19, 1904 Page: 1 of 8
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The Madill News.
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A Live Newspaper, Devoted to the Best Interests of the People of the B.I T.
Bvql.x,
madill, i. t., friday august 10 1004.
no. 6.
MADILL CAN MIT AFFORD TO MISS THE BAILBOAD POINTING THIS WAY. WILL SHE?
S^it'st Rational ZBank
First National Bank in Madill,
Wo cai efully guard the interest of our
customers in ever? logiinn' w \y.
All business transactions \v th thin bank
are regarded'as strictly confidential.
!J WE RESPECTFULLY SOLICIT YOUR ACCT.
F. R. HEDRTCK, Cashier
A. B. Dunlap.
A. B. Dunlap, of Shawnee,
Oklahoma, is president of the
follwoing banks in Indian Ter-
ritory : the First National Bank
of Madill, the First National
Rank of Tishomingo, the First
National Bank of Mill Creek, the
First National Bank of Henry-
etta, the First National Bank of
Sallisaw, the A. B. Dunlap
Banking Company of Okema,
N'o banker in the rich indian
Territory has equal prominence,
notwithstanding the fact that his
0*£ patfh, until comparatively a few
Jg years ago, was strewn witji ob-
6^ stacles. He was born near Mad-
ison, Wisconsin, December 13,
1861. His parents moved to
£|r Iowa when he was three years of
age. Mr. Dunlap was practi-
cally unable to attend school be-
cause of a bad impediment in his
speech. His mother died when
quite young and ho was thrown
on his own resouroes when but
twelve years of age. He worked
on a farm until he attained the
6S*
ber. 1900, Mr. Dunlap organized
tho First National Bank of Ada,
I. T., with a capital of 825,000.
He was made president, holding
that position until he sold his
stock aboutuo years later. In
March 1901, Mr. Dunlap organ-
ized tho Southern National Bank
of Wynnewood, I. T., with a
$50,000 capital. He was made
president, resigning that portion
in May,J202. He is still a di-
rector. In April, 1901, the State
Bank of Henryetta was organ-
ized with 85,000 capital. Later
this was increased to 8S,000, and
in July, 1903, the bank national-
ized, with S25,000 capital. Mr.
Dunlap was made president. In
April, 1901, the State Bank of
Mill Creek, I. T., was organized
w th So,000 apital. About one
year later, this was increased to
$10,000, and on April 1 of this
year the bank was nationalized
with 825,000 capital. Mr- Dun-
lap was elected president. In
June, 1901, the First National
Bank of Tishomingo, I. T., was
L i ' -•••"* J 8ge of twenty, when he engaged organized, with 825,000 capital.
ORIGIN OF THE BOLL WEEVIL.
By J. J. Taylor, Weatherford, Texas.
wj\
M
It happened many years ago
In the cactus wilds of Mexico;
A tumble bug sat down to rest
On the shifting rim of a dondle bug's nest.
In his swallow-tail coat of Paris Green,
A handsomer bug was never seen.
The doodle bug, too, was queenly ; nd fair,
And her bosom had never known a care;
But'her heart throbs thrummed like a fly in a jug
As she gazed on the handsome tumble bug.
So, shaking the dust from her royaJ head,
She approaohed har guest and blushing said:
"Tis leap year, ntrangor," th?n hn nro-se
And pointedly asked, do you propose?"
* *****«•*
Invitations soon went around
To all the bugs that could be found,
And the crowd that gathered was not the least
That ever attended a marriage feast;
And the pomp and the gl:>re and tho groat renown.
Were never surpassed in doodle bug town.
At the midnight hour the knot was tied,
And the bridegroom kissed his loving bride,
While the parting guests joined one and all
In a farewell song called "AFTER THE BALL.
Thp honeymoon passed like a summer aream,
While time flowed on like a crystal stream,
And all seemed well with husband and wife
As they settled down to pratical life.
"Yankee Doodle" his wife's best song
Mr Tumble bug heard the whole day long;
And her ladyship laughed till her eyes turned red,
When he rolled his dough and stool on his head.
So the "circus" bug had plenty to do
When it came to making a living for two,
For he aided his wife as a good husband should -
Brought in the water and cut tho wood,
Washed tho dishes ai d swept the hall
And pushed her to town on a rubber-tired ball.
But when their children began to come.
A= thick as fleas in a bull pup's home,
Th'ir g van food instincts' were too quiet
For the "outstinks'' of their father's diet;
q0 bi idin"- their parents a fond adieu,
They spread their pinions for pastures new, |
\nd halted not on tho yello v ^ad o
That gleams like gold on the Rio Gran |
But rising high o'er hill and plain
Thev fell in the cotton belt like rain, g
And hurried them. Ive i both bod,; an - sou +
I°'h'h rtolttoT.ia.Mto bol1-r)ttoii011New<. |
lmmw
in tho business of pressing and
shipping hay at Webster City,
Iowa. His brother, A, J, Dun-
lap, now of Hobart, Oklahoma,
was his partner. He continued
in this business until about seven
years ago, and employed as
i many as 300 men at a time. In
1899 and 1890 the two brothers-
purchased about 2,300 acres of
land near Ledyard, Iowa. They
cultivated 2,000 acres and estab
Mr. Dunlap was made president.
In 1902 he organized the A. B.
Dunlap Banking Company Qf
Okemah, I. T., with $2o,090 paid
up capital. He was eleoted
president. In May 1902, he was
elected president of the First
Bank of Addington, I. T., hold-
ing that posi' ion up to the time
he sold his stack in that bank,
about three mor.ths ago. In
August, 1903 ho helped to organ-
?
\ The Pacific Mutual Life Insurance Company s
I of California. s
j t
£ The Pacific Mutual has just put out a new policy con- £
J taining benefits that has solved the problam of "Ideal Life J
? Insurance Protection-" 3
{ 0
1 This new policy provides that during its continuance, *
> the insured stiff r Permanent Disability the premiums *
J forthwith cease, and the policy becomes payable to tho *
jj insured in ten equal annual installments.' 5
j| This policy removes a di \ ! contingency, and not $
J only perpetuates Life Insurance but prov . ; tli > insured *
J with moans of support when most needed. This feature i3 *
* without extra e- t, and the policy also provides cash *
$ loans, ensh values, paid up and extended insurance after *
o three payments. J
o The well known financial organization of this "Old J
o Line" company will make this oontraot worthy of your J
* investigation if you contemplate buying insurance. £
2 They still write the Mutual Investment Contract whose S
8 popularity is attested by more than twenty of our best 0
2 citizens of Madill and vicinity. 0
* • I will be plen "ft to figure yon out a sample contract on g
* either of the above plan if you will only drop n.. postal £
* card giving vour age. E J. Humphrey, Agent, g
2 ' Madill, 1. T. £
* McConnell & Osborne, General Agents, $
* Oklahoma City, O. T, 5
0 0
3 *
*9*9*0*0*0*0*9*0*0*0*a*0«t*0*0*0*0*O* KU*0*0*0*0*0*i?
lished a grain elevator at Led- izo ti e Valley State Bank of Ind-
yard. They dealt extensively in j ianola, I."T., but sold his slock
farm lands and realized S25.000
in a short time fro m their deal-
ings. In 1895, A. B., A. J. and
|E. F. Dunlap founded the Dun-
Ilap Brothers's Bank, at Led-
■ yard, which they sold in 1899.
The Subject of this sketch and
his brother, A. J. Dumlap,
moved to Shawnee, Oklahoma,
in December, 1897, at which time
they organized * he Oklahoma
State Bank of Shawnee, with a
paid up capital of S17,000. A.B.
Dunlap soon purchased his
brother's stock, and in the fall
of 1900 sold his interest in that
bank. In Dacember, 1898, the
Bank of Holdenville was organ-
ized, with Mr. Dunlap as presi-
jdent. The capital at that time
was 810,000, which was in-
ceeased to $25,000 latear and in
April, 1900, the bank was na-
tionalized, with a 850,000 capi-
tal , with Mr. Dunlap as presi- self exceedingly bright young
dent. He held that position up men as cashiers, and to him be-
longed a large share of the credit
nd r.?t'rrd .i r>r> the bnnk the
following December. He has
never sold any stock for less than
bock vahie, and nearly all he has
sold has brought a good premium
some selling as high as 8200 a
share. He has never known of
any stock in the bank he controls
selling at less than book value,
and he would gladly pay a prem-
ium for any of it now. He at-
tributes hi, success to hard work
add close attention to details.
All loans, overdrafts and import-
ant matters of all kinds are re-
ported to him direct. His early
experience on the farm and the
fact that he has been brought in
contact with all classes of people
have made him a good judge of
human nature, thus inabling him
to steer his bank free of plugners
and grafters. Fortunatly he has
J been able to associate with him-
to the time ho sold his stock,
J j about a year ago. In the spring
. of 1899 the Washita County State
I j Bank of Mountain View, Oklaho-
ma, was organized With Mr.
Dunlap as president, which po-
sition he resigned in favor of his
brother, A. J. Dunlap, in the
summer of 1900. This bank was
nationalized in the winter of 10 '
-01, with 825'000 capita!. it
was elected director and still
hoids that position. In the
spring of 19f0 the Valley State
Bank of Cloud Chief, Oklahoma,
for the success his banks have
mode. His cashiers are all
I heavy stockholders. Thus they
are partners in the business in-
stead sf hired men. His banks
do not buy business or popular
ity. If they have a good custo-
mer they talro good care of him.
They avoid doubtful customers.
His banks make no effort to
make a big showing. Their
statements are not padded in
order to show more deposites
than their competitors. He di-
capital will not make more than
one or two loans a year as large
as 82,500. They have few loans
as large as 1,000. He does not
permit much overchecking, the
overdrafts averaging about 8125
to the bank. His banks are pre-
tieally independent of each other,
and no active officer
is permitted to borrow from his
own bank either directly or indi-
rectly, and no active officer or
bookkeeper is permitted to over-
draw his account. Neither Mr.
Dunlap, his cashiers, assistant
cashiers or bookkeepers owe a
dollar to the bank they are con
nected with. Neither Mr. Dun
lap nor his cashiers make any
' 'friendship" loans, and they
never make a loan that they do
not think they wi 1 feel good oyer
after it is made. Thty holi the
expense down to as low a figure
as is consistent,looking after same
closely and saving a dollar when
they can. They have good
building and good fixtures,
though not fancy. Their losses
are very small. They do a strict-
ly bankling business and do not
tie up their funds in any outside
speculations. The always have
sufficient mone*' to take care of
the demands of their depositors
up to the amount they are ratifi-
ed to. They never force the col-
lection of a piece of paper against
a good man. They never permit
their banks to get in such a con-
dition as to make it necessary
for them to call in loans. It is
not their policy to c arry loans for
a longer time that a year except-
ing where a farmer has been un-
fortunate with his crops or has
some other good reason for not
being able to pay. They charge
off all poor paper as soon as it
shows up, either waiting until
the end of tho year or tho end of
the month to do this, and they
fight every p!iy of what is known
as "dead paper." It is their
policy not to draw out all of their
earnings, but to build up a good
undivided profit and surplus ac-
count. They have good safes
and have never lost a dollar by
robbery nor by the dishonesty of
an employe — a remarkable re-
cord.—The Southwestern Bank-
er,
There have been a good num-
ber of prospectors in tqwn lately.
They have been looking for
farming land. All of whom we
have heard express themselves
ore delighted with tho country
and have a desiro to make it their
home. Our country does not
flow with milk and honey, but
we have big streams of prosper-
ity. Come west and grow np
with the country,
T. M. Dumas has sold a 100
re track of land to Lewis
Dum. ; of Sh.;man. Land is lo-
cated six miles east of town.
—— O&IIK OL wiOUu v>l11"1| v&kluuUia; Lilctu if'*'--**
^ ^ ,,*A>. ,^fiu*0*0*0*0*0W*0*0*0*0*o*0*0*iwag organized with Mr. Dunlap rects his energies to make his
¥0*a#0*0* - - ^gaffes. * as vice-president, but he sold 'banks as safe as any in a Terri-
v t-x -a r r-t \ I* / ^ ' a ^ I . . 1 1 1." 1 4.U 1 I I .... 4 i. ,, , n a in at i 1 1 ti nn a n cj
dr. w. M ADER
madill, i. T.
Eight yoats a spochlis
vithlhe "leading dentist ot
- America, with the Royal
Dentist of Spain in Cuba during tho Amor-
ican government,
. C. BSLES I
ti
DEALEH IN ^
11
guaranteed AT MODERATE PRICES
ALL WORK
OFFICE ROOM 6. IN TALIAFERRO BUILDING
0*O O*dv--.¥0¥0*0*tlv0*5*0*0¥O*O*0*0*0*0*0*0*0*0*Cl*<N
president
his stock to his brother and re-
tired from that bank the next
fall. In June, 1900, the Cotton
\ I National Bank of Oakland, I.T.
2 was organized with 825,OJO cap-
fj ital. Mr. Dunlap was made
JI president* The following Feb-
-1 ruary the bank was removed to
Madilll, I. T., the name changed
to the First National Bank of
Madill, and the capital increase •!
to 850,000. In October, 1900, tho
First National Bank of Sallisaw,
I. T,, was organized with S25,-
000 capital. Mr. Dunlap was
elected president. In Decern-
any
tory tkat has institutions
cars fully raanagtd as oan be
found in the state. A bank ex-
aminer once said to Mr.
Dunlap: "Try to make your
bank better than your competit-
ors, instead of bigger." He has
folicvrcd that timely advicc.
Kis banks cater particularly to
the small depositor and small
borrower Their deposits aver-
age about 8135 to the name, and
their loans average about the
same. The make no large loans
except to good depositors, and
some of his banks with 825,000
Cold Drinks
Ice Cream
Soda
School Books
School SuDDlles
Stationeru
Cigars
Toilet Articles
❖
Prescriptions filled day or night <V
by a rfq13t6red pharmacist m<! #
*
OMLY THE purest DRUQ8 9t0 uscd. +
RODERICK'S OLD STAND MADILL, I. T,
D*l' C 'I 0*4*0
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Kendall, Clyde P. The Madill News. (Madill, Indian Terr.), Vol. 10, No. 6, Ed. 1 Friday, August 19, 1904, newspaper, August 19, 1904; (https://gateway.okhistory.org/ark:/67531/metadc269031/m1/1/: accessed March 18, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.