The Searchlight (Guthrie, Okla.), No. 483, Ed. 1 Friday, July 26, 1907 Page: 1 of 16
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GUTHRIE, OK LA., FRIDAY JULY 2(>, 1907
Terms: 80 Cts. a Ykau
farmers in banking business.
Articles of incorporation were filed
this morning in the office of the ter-
ritorial secretary by the Co-operative
Bank and Trust company, of Oklaho-
ma City, with $500,000 capital stock.
The directors are: Cephas Miller, of
Seward; W. J. Clarke, of Okarche; E.
A Bowerman and B. C. Henson of
Shawnee; J. L. Vaughn of Krebs I T
with the object of conducting a gener-
al banking business in Oklahoma.
The promoters assert that the in-
stitution is to be made strictlv a un-
ion labor concern, and they hope to
draw the financial support of th<? labor
unions and farmers* union of ihe two
The five members of the board of
directors are all prominent members
of the Farmers' union, or of estab-
lished labor unions, and the subscrip-
tions for the stock are confined ex-
clusively to members of labor unions
according to the statement of W. J
( lark, the president of the company,
and Cephas Miller, the treasurer.
The Incorporators are W. J. Clark
of Okarche chairman of the state ex-
ecutive committee of the Farmers' un-
ion; B C. Hansen of Shawnee, secre-
A?.rn Farmers' union; Cephas
Miller of Seward; E. A. Bowerman of
shawnee, a prominent member of the
central trades assembly of that citv
and J. L. Vaughn of Krebs, I. T. a
members of the Southwestrn Miners'
W J. Clarke of Okarche has been
elected as president. B. c. Hansen of
hhawnee, sercetary and Cepha-s Miller
tosmS ,rea""rer "" "»"
nnni *500,000 eapital stock, $200,-
000 had been subscribed at the time of
the signing of the articles of incorpor-
fQ n^a,CCOtr,ding to the declaration con-
^d.in instrument. This stock
is divided into shares of $100 each
The original plan called for shares of
$25 each but it was found that under
the banking laws of Oklahoma no
shares of less than $100 could be is-
"We expect that the institution will
hv #hrg£y "atronized and supporter]
by the Farmers' union and the organ-
zed labor of the territories," said
r»M^Ilre.r pephas Miller who was In
Guthrie today. "We expect to make
banl! iV114'011 realty a union ,abor
ank. The employes and officers will
?JL mfmbers ln good standing of
A s' No stock wl|l be sold,
™«?Pi » "n,on members, and an es-
pecial effort will be made to interest
and accommodate union men."
A MAGNIFICENT HERIITAGE.
.J,or fi-soal year ending June 30,
Oklaihoma received $586,408.87
for the rental £f her common school
college and public building lands.
Capitalized at 5 per cent, this means
tnat the Oklaihoma lands bring a 5
Per cent income on $11,728,177.40.
This difference is accounted for in
two ways. There is over a million
acres of this land included in Gover-
nor Frantz's estimate that is granted
MV i' ' s,
v '"" ' "fv'"!. j y'"y y as
>&s ■ &
The fourth president of the United Stat«s succeeded Thomas Jefferson In
1809 and served two terms. He was born at Port Conway, Va., in 1751. Be-
ing a politician rather than a soldier, lie took no active part In the Revolu-
tionary war. He was honored with many offices bv his native state He did
able work in the framing of the constitution. During his occupancy of the
presidency occurred the war of 1812, After his retirement Madison settled
on his estates at Montpeller, Va., and wrote much upon public topics He
was associated with Alexander Hamilton and John Jay in the authorship
and publication of the "Federalist" essays in favor and In explanation of the
United States constitution. Of the eighty-five essays, twenty-nine were by
Madison. He died In 1830 at the age of eighty-five years.
to the new staie by the enabling act.
Then it is in part accounted for in
iihat the rentals do not come to five
per cent of the value of the land in |
many cases. Then, too, there is j
some vacant land.
On the whole, it must appear that
Oklahoma has made a marvelous
record for iherself in the management
of her school' fund and has far sur-
passed the best record of any other
state in the Union. This does not
look like Oklahoma was so unfitted
for self government, or had made a
failure of it, where it had a chance.
No question that can or will come
before the people of the new state
will be of more importance than the
proper management of her school
lands. It will he approached with a
sincere desire to dispense equal
y.istice for all.
Ft. Leavenworth, Kans., July 19.—
Win. January, alias Charles Ander-
son, who was pardoned by the Pres-
ident upon petition of 50,000 persons,
was released from the Federal prison
here this morning and immediately
started for Kansas City, his home.
an ingersoll statue
Peoria, Il«., July 20.—Tomorrow will
be the eighth anniversary of the death
of Col. Robert G. Ingersoll, the famous
agnostic, orator, lawyer and politi-
cian, who passed away suddenly at
j Dodd s Ferry, X. y., on July 21,
Colonel Ingersoll made his homJ
! Peoria for many years. To perp
I ate his memory his Illinois friends
admirers have arranged for the erec-
tion of a statue in Glen Oak Park ln
j this city. The statue is now com
; pleted and ready for unveiling,
j The statue is of bronze and of hero
; lc size. The position chosen shows
I Col. Ingersoll standing erect in an
j easy, natural pose, dressed hi ord!
I nary every-day clothing. The hands
i are carelessly and naturally placed on
! e'ther h<P. one of Col. Ingersoll^ most
: characteristic attitudes and one which
I he unconsciously assumed as lie be
| came more and more Interested in the
j topic he was discussing, either in
; Court or on the lecture platform. The
I swe* %a: , desiSned >»' Frederick
I Efnest Trieber, of New York. Mr
j Trieber formerly lived in Peoria and
I during his residence here was well ac
j quainted wiih Col. Ingersoll.
I m-TtheiSt?.tlleJS flesiSned coniinem-
oiate both the military and civil
; career of Col. Ingersoll. The project
i for its erection wa« conducted hv the
( Ingersoll Statue association of |->eo-
j ria When the association was organi-
sed it was decided to expend $10 000
in its construction. Subscription books
weie opened and the response was im-
mediately more than liberal he
amount decided upon being q'mcklv
subscribed. The unveiling will bo at-
tended by many of the veterans of
Hie Eleventh Illinois Oavalrv. of which
whie ," wrS°n T'aS commander and
Peoria Priin<i Pal,y recruited in
i eona and vicinity in 18G2.
j CHARGED WITH
COAL LAND TRAl/DS.
Milwaukee, Wis., July 24.—The case
of Chauncey Lloyd Jones, I. J. Rosen
men, af"d I0,iaS AlnH,d' indit".
!?', . <™3„lracy against the
I ni'ed States government in securing
coal lands in excess of the amount
allowed by statute, was called for
hearing in court today. The three
defendants are representatives of the
frederal Coal and Iron company. The
complaint against tihem alleges that
they entered into a conspiracy with
° fsj" defraud the government out
of 6,000 acres of land. The conspir-
acy it is alleged was entered into at
Glen wood Springs, Colo, May 24
1905. The defendants are charged
with having inspired false affidavits
of intention to settle on land by men
who filed on tihe lands in question
under the homestead law. and paid
$3 per acre for such lands, it is
charged that there was no bonafide
intention on the part of the men who
filed ihoniesteads on the lands to set-
tle there, and that it was but a put
up scheme to sell the lands to the
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The Searchlight (Guthrie, Okla.), No. 483, Ed. 1 Friday, July 26, 1907, newspaper, July 26, 1907; Guthrie, Oklahoma. (gateway.okhistory.org/ark:/67531/metadc285394/m1/1/: accessed March 24, 2018), The Gateway to Oklahoma History, gateway.okhistory.org; crediting Oklahoma Historical Society.