The Weekly Chieftain. (Vinita, Okla.), Vol. 27, No. 32, Ed. 1 Friday, January 21, 1910 Page: 1 of 8
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VINITA CRAIG COUNTY OKLAHOMA JANUARY 21. 1910
Lack of Uniformity Cost From Fifteen
to Twenty In Life Insurance
Policies Says Fouse.
By Associated Press.
Wasnington Jan. 19. From fifteen
to twenty million dollars a year is the
toll paid by the life insurance policy
holders of this country as a result of
the lack of uniformity in state Insur
ance laws and practices according to
L. O. Fouse. This is at least five per
cent of the yearly payments to policy-
holders and beneficiaries he figures.
Mr. Fouse who is president of the
Fidelity Mutual Life Insurance com-
pany of Philadelphia made these fig-
ures known today in an address before
the third annual meeting of the As-
sociation of Life Insurance presidents
in Bosslon here. He is a member of
the executive committee of the associ-
ation. "The magnitude of the interests in-
volved is stupendous" said Mr. Fouse.
"Some twenty-five billion dollars of
life insurance in various forms are in
force in the United States with accu-
mulated assets of four billion dollars
of which three and one-half billions
are held by the legal reserve com-
panies. Over one-third of the popula-
tion has a direct interest in life in-
surance and more than one-half of the
remaining two-thirds an indirect in-
terest. It is exceedingly important
that waste and unneeesiary taxation
he stopped while extending ample se-
curity and protection to the interests
"Some would seek to accomplish the
desired end through national laws and
supervision; others through the har-
monizing of state laws and practices.
For the present we are particularly
interested in the latter. It is a fact
that cannot be controverted that the
lack of harmony in laws and practices
has been a detriment to the business.!
In recent years however we have
been drifting towards uniformity and
harmony and there are many who be-
lieve that the laws of the various
states can be made consistent and
homogeneous and that it would be
better for all concerned that the busi-
ness be conducted under such improv-
ed laws rather than under a centraliz-
ed administration. Hence if the uni-
formity hoped for can be accomplish-
ed there will be no need of national
laws and supervision."
TO HEAD NEW BANK
Oklahoma City. Okla. Jan. 19. "I
have accepted the presidency of the
proposed Oklahoma State Reserve
bank and will assume the active man
agement of that institution as soon as
my duties In connection with the Co
lumbia Bank & Trust company have
Further than this A. M. Young
state bank examiner Saturday refus
ed to talk of his connection with the
proposed new $500000 bank which
will probably result in his resigna-
tion from his present office the latter
part of next summer.
It is understood that the capital
stock for the new bank which in ef-
fect will be an Oklahoma clearing
house for state banks has already
been subscribed the greater part of
the subscriptions having been taken
up in the state and the minority hold
ings by eastern capitalists.
The bank is expected by its manage
ment to become a strong competitor
to national banks which have been
thus far enjoying patronage as re
serve centers for state banks.
REPORTED IN URUGUAY.
By Associated Tress.
Buenos Ayres Jan. 19. A revolu
tlon is reported to have broken out in
the republic of Uruguay against the
government of the president Claudio
William. It is Impossible thus far to
confirm the report as a rigorous cen
sorship has been established at Mon
tevideo the Uruguayan capital.
BOLT THE CAUCUS
Emphatically Declare That the Demo
crats Should Be Allowed to Name
Their Own Representatives.
COAL AND IRON COMPANY
STOCK DROPPED 52 POINTS.
By Associated Press.
Now York Jan. 19. The failure of
two stock exchange firms Lnlhrop
lliiNklns & Co. and J. M. Fisko & Co.
vas caused today by the collopse of
the sto k of the Columbus and I lac k-
ing Coal and Iron company which fell
to tiAly five dollars a share a de-
cline of fifty two and a half points
from the day opening.
IDE BIG GUIS
Rank Seventh In Industries of United
States Coley Is President of
At the onusl convention of the Ok-
lahoma Lauiiclrymen's association held
at Enid January 17 and 18 W. B.
Coley of this city was elected presi-
dent and J. II. Wells. of the Ivy
Laundry company of Oklahoma City
was elected secretary for the ensuing
Washington 1). C Jan. 20. The
caucus of republican members of the
house last night named the house
side of the Ballinger-Pinchot Investi-
gation committee and Incidentally re-
jected Rainey of Illinois cne of the
two democrats selected by the demo-
cratic caucus last Saturday night as
the house minority representatives on
the investigating committee.
The six men selected Include three
"regular" republicans McCall of Mas-
sachusetts; Olmstead of Pennsylv-
ania and Danby of Michigan; one in-
sugent" republican Madison of Kan-
sas; and two democrats James of
Kentucky and Ioyd of Missouri.
Rainey of Illinois who. with James
was named by the democratic caucus
was rejected and Loyd was named
li Lis stead.
Tiie caucus lasted three hums and
while characterized by considerable
acrimony was more peaceful than
the most of the mcmibors had ex-
pected. Even at that there was a
bolt of six insurgents led by Cooper
of Wisconsin the other bolters being
Lenroot Nelson and Cary of Wis-
consin and Davis and Lindeberg of
In several speeches strong objec-
tions to both James and Hainey were
voiced; the objectors claiming to ex-
press tho views of Taft.
Against Hainey was cited activity
in stirring up trouble for the republi-
can administration In Panama cnnal
Tho matter will probably come up
in the house today and it is expected
that tho democrats will to a man vote
to repudiate the republican caucus
Progressives Have Made Inroads Into Ranks of
Standpatters as Shown by Insurgent Vote on
Resolution Endorsing Taft and Tariff
Most of Resolutions Adopted Were in
Condemnation of Democratic Rule of
StateVery Large Attendance.
DENNIS FLYNN AFTER
BALLINGER S JOB
Guthrie Okla. Jan. 18. James
Harris of Wagoner state chairman
ana N. G. Turk of Checotah treasur
er of the state committee were elect-
ed by acclamation at the meeting of
the republican state committeo here
yesterday. On resolutions the com-
mittee split over national questions
but both progressives and standpat-
ters agreed that state issues should be
given the' prominence in the coming
The progressives made a surpris
ing showing securing twenty-four of
the sixty-six members against the res-
olutions Indorsing the votes of Con-
gressmen McGuire Morgan and
Creager for the Payne tariff bill. It
has been supposed that the commit
tee was composed almost altogether of
The committee on
brought in a report on
ed against tabling the Stanford resolu-
tion. They were: W. I. Lacey of
Caddo; Wm. Mauri-r of Canadian;
W. I. Durand of Cimarron; it. G.
Brownleo of Dewey; H. D. Levy of
Harper; Edward Bradbury of Major;
W. F. Bush of Texas. Five in
Crenger'a district voted no. They were
B. F. Rice of Tulsa; John Johnntone.
of Washington; H. E. P. Stanford of
Okmulgee; W. T. Drake of Creek;
S. E. Walker of Craig and one com
mltteeman in McGuire's district Dr.
Janeway of Stillwater voted "no."
The Fourth and Fifth district not rep-
resented by republicans In Washing-
ton furnished the other eleven votes
Including A. E. Perry of Coalgate
and Dean Crafton of Pottawatomie
the county worker of National Com-
mitteeman C. M. Cade of Shawnee.
The resolution of the committee
resolutions containing the endorsement of the tar-
national af- iff bill nnd the votes of the rep tbll
Guthrie Okla. Jan. 18. The fact
became known here today that Dennis
Flynn Is a candidate for the position
of secretary of the Interior should
Secretary Ballinger retire.
Many republicans attending the
meeting of the stato committee here
today are for Flynn for the guberna-
torial nomination believing that fin-
ally he would enter the race. Flynn
told a number of his friends yester-
day that for the last time he wished
to say that under no circumstances
would he be a candidate and many
republicans now believe him.
Ex Governor T. B. Ferguson la here
enjoying an Incipient boom for the
gubernatorial nomination. From a
partisan standpoint FergChon belongs
to the regulars. Tbi story is being
told that Oklahoma's three republi
can representatives in congress have
declared for Ferguson and that Flynn
would be for him. It is not belk ved
however that the story is true.
A strong sentiment has developed
at the meeting of the state committee
that tho only resolution adopted
slrbuld ba one indorsing In a general
way tho national administration with-
out going into tariff matters and
other things that have caused the dif-
ferences between the regulars and in-
surgents. Tills sentiment was thev're-
suit of the belief that the republicans
have an excellent opportunity to do-
feat the democrats in the state cam-
paign next fall.
WALL STREET 01ILV
Central Bank Advocates Misrepresent
the Operation of Central Banks
In European Countries.
1ST RESPECT THE
fairs endorsing the administration rf 'can congressmen were adopted by a
President Taft and declaring tLnt the
splendid prices of products of the
farm are a verification of the declar
ation of President Taft that the
Payne tariff passed by a republican
congress Is the beRt tariff law ever
H. E. P. Stanford of Okmulgee who
has been mentioned as a candidate
against Congressman Creager moved
that the closing portion of the resolu
tion which read as follows be elimi-
nated: "We congratulate the country
upon its adoption and commend the
action of the republican congressmen
of Oklahoma in voting for this bill
and in giving their loyal supiort to
the national republican administration."
Stanford as a substitute offered a
resolution endorsing President Taft
but making no mention of the tariff
bill or the Oklahoma congressmen
and declaring that: "We believe that
party principles are but tho concen-
trated opinions of men; and freedom
of speech thought and action by the
ridivhlual members of our party re
lative to it's platform are by this com-
mittee given the greatest encourage-
ment; realizing as we do that the
underlying principle of our govern
ment is that the voice of the people
Stanford's motion was tabled by a
vote of 42 to L'4 amid brink erics of
'postmasters." Seven committeemen
in Congressman Morgan's district vot-
vlva voice vote. The other resolu-
tions condemn the democratic mis-
rule and Incompetency in Oklahoma
that have made It necessary to call a
special session of the legislature to
correct its own errors; demand a law
forcing an accounting from the school
land department and proper protec-
tion of the school funds; thank the
various committeemen for their work
in securing petitions for tho referen-
dum of the Taylor election law;
thank the republican press; thank re-
tiring Chairman Joe H. Harris for his
services; condemn democratic extrav-
agance; demand u fair election law;
and authorize the organization of re-
publican clubs under the direction of
the county nnd precinct committee-
men and the calling of a convention
of republican clubs by the state chair-
man after a sufficient number of the
clubs have reported the state conven-
tion to bo addressed by some speaker
oi national repute and to perfect a
state organization of republican clubs.
The resolution committee was com-
posed of W. U. Winn Ada; Waiter
Ferguson Ci.erokeo; I'd Arnold IIdd-
enville; George Lalng Kingfisher mid
Del Lash Norman.
The committeo mcciiug was the
most largely attended in tho history
of the republican parly in Oklahoma
seventy-four of the seventy-six coun-
ties being represented ned only eight
of these by proxies while many other
republicans were present.
TULSA AUTHORITIES ARE
Ofl LOOKOUT FOR KELLY
State Justices Lecture.
Norman. Okla. Jan. 19. The stu-
year. The election of Mr. Coley at dents in the law school of the state
this 1 1 mo was very appropriate con-
sidering the number of Vinita men.
who have been elected to the presi-
dency of industrial and official asso-
ciation)! within the last month.
A somewhat remarkable fact that
shows the enormous proportions to
which the laundry business has grown
in the United States was made known
by the secretary of the National
Laundry Association who statfel that
in point of the number of persons em-
ployed and the amount paid in wages
the laundry business ranked seventh
among the Industries of the United
The gathering at Enid which did
not represent more than sixty per
cet of the laundries in the state
represented an Investment of over
fJ&O.OOO In laundries In Oklahoma.
university of Oklahoma were favored
recently with addresses' by Justice
Dunn of the supremo court nnd Jus-
tice Furmun or the criminal court of
nppealg. These lectures were the
first of a series which will be deliver-
ed to the .students of law from time
to time by other members of the su-
Both of the distinguished visitors
paid glowing tributes to the leading
Institution of the state and spoke in
the highest terms of the law school.
Names Land Office Register.
By Apsoc.afcd Press.
Washington D. C Jan. 19 Presi-
dent Taft sent to the senate today
the nomination of Ira T. Brenson to
be register of the bind office In the
seventh district of Missouri.
Tulsa Okla. Jan. 20. The local
police authorities last night received
instructions over the telephone from
Vinita to locate If possible and hold
for the sheriff at that place Otto
Kelly an auto chauffeur who is
thought to be In the city at present.
Kelly who is morn or less well known
here having been employed by a local
automobile owner for some time is
wanted by the Vinita authorities for
forging a check supposedly upon a
merchant of that place.
Although the police were furnished
with a good description of th man
they had not succeeded in locating
him by three o'clock this afternoon.
GRAND JURY BEGINS
By Associated Press.
St. Joseph Mo. Jan. 13. The grand
Jury began an Investigation of the al-
leged cruelty to patients in the state
asylum for the insane here today. An
attendant is accused of having beaten
a negro male patient almost to death
several weeks ago and fleeing from
the state. Other similar cases are
HEARING ARGUMENT AGAINST
SIXTEEN MISSOURI RAILROADS.
By Associated Press.
Jefferson City Mo Jan. 18. The
arguments be ran today In the su-
preme court in t : milt flld by At-
torney Get ! M'jors to fine or oust
sixteen rain.;-! from Missouri for
alleged viot of the anti-trust
laws in fixli ' ' 1 -eight and passen-
ger rates. V i- is filed a demurrer
to the petit ii
UNIVERSITY OF COPENHAGEN
By Associated Press.
Copenhagen Jan. 19. Tim commit-
tee of the university le re completed
the examination .of Dr. Frederick A.
Cook's otlglnnl notes today confirm-
ing tho previous conclusions that not
the slightest proof of the explorer's
reaching the north pole bad been submitted.
Missouri Representative Refused to
Serve on Ballinger-Pinchot In-
By Associated Press.
Washington 1). C Jan. 20 Ucpre-
sentatlve Lloyd of Missouri today
told the house that he would not serve
on the Balilnger-Iinchot committee.
This statement was greeted with
Representative Clayton of Alabama
(democrat) offered an amendment to
the republican rule naming the mem-
bers of the committee and proposing
to substitute Rainey for the former.
Chairman Dalzell presented a resolu-
tion from tho committee on rules pro
viding for the election of six members j
to represent the house on the joint 1
committee cm the controversy. Car-;
tier republican offered the names of
McCall D. lih.v Madison (Kansas).1
James and Lloyd. All of them were
the republican selections. Lloyd nu-
I'OUUCcd that ill tin; selection of ti'
democratic tneialx rs the choice d the'
democratic caucus should be re-spec t-j
ed. James and Rainey licving been1
selected by the caucus for those
places bo declared be could not.
serve on the committee. ;
Clayton of Alabama made impas-j
sionetl plea for "fairness" "We demo-j
crats." said Clayton "concede to the
republican party the right to dictate'
to democratic party how it shall con-1
duct its own affairs." The Clayton j
resolution to substitute Rainey fori
Lloyd was lost by a vote of 192 noesj
to 147 ayes. Finally the Currier reso-j
lution was adopted by 186 to 145.
Washington Jan. 20. "While in the
west Senator Aldrich declared a cen-
tral government bank is established
would bo a bank for the people. Bun-
combe! That is misrepresentation
pure and simple."
Representative Oscar W. Gillespie
of Texas one of the most prominent
members of the house committee on
banking and currency made tho above
statement yesteiday while discussing
the project Senator Aldrich la cam-
"The advocates of central banks
are not correctly representing the op-
erations of the central banks of lead-
ing countries of Europe and are try-
ing to saddle on this country a cen-
tral banking institution purporting to
be modeled after those of other coun-
tries but In reality entirely different
"The bank Senator Aldrich la plan-
ning to set VP 1 a bank for banks
not one with which the people of the
country ca ntransnct business. It will
be solely a bank of issue. It will not
receive deposits or make loam. In a
time of crisis tho banks which have
loaded themselves with securltiea will
be helped out by an issue of notea.
"The Inference has been glveu the
public that tho idea of the proposed
central bank tn this country is to be
taken from such institutions as the
bank of England the Bank of France
and tho Bank of Germany. Now as a
matter of fact the bank of England Is
not a bankers' bank. It does a gener
al banking business. The same is true
of the bank of France.
"Those batiks stand between the
other banks and tho people. When
Senator Aldrich was in England he
waa told by the heads of the leading
British banks that their principal com-
petitor was the bank of England itself.
In Franco Senator Aldrich was told
that tho Bank of France was not a
bank of banks but that it din it large
share of its business directly with the
people of France. When efforts were
made to get the president of tho bank
of France to say officially that the
Bank of Prance was a banker'B bank
and that the banks were its' principal
customers he refused to admit any-
thing of the kind. He paid that while
the banks did the larger khare of busi-
ness with tho Bank of France yet that
a highly Important part of tho busi-
ness was transacted directly with tiie
French people themselves.
"Ah matter of f.ot win re some
time ago the Rank of France was do-
ing ebout 7 per cent of its business
with banks it is row doing only about
GO per cent with the banks nnd the
rest directly with the people.
"In cent ra.-t to modeling !. ceo-
trnl bank nft r those of Engla-nl and
France m tiator Aldrich would set up
an institution vastly differentone
that would have nothirg t) do with
tiie people whatever."
PARLIAMENT HOUSE IS
DESTROYED BY FIRE.
Constantinople Jan. 19. The palace
of Cherngan where tho Turkish parll-
ment sits was practically destroyed
by fire today. The chamber of de-
puties was burned Out and the senate
hall so badly damaged that it cannot
be occupied aeain.
Bryan Not a Candidate.
Lincoln Neb. Jan. 19 Charles V.
Bryan brother of William Jennings
Bryan and Richard L. Metcalfe associ-
ate editor of tiie Commoner tonight
made a statement denying the pub-
lished report that William Jennings
Bryan is planning to s' cure the d mo-
cratic nomination for president of the
United States in 1912. They declared
Mr. Bryan had no Intention of being
FAILED 10 FILE
MCE OF APPEAL
M. C. Shinn Will Be Taken to McAles-
ter to Begin Serving Out His
By Assoc lated Press.
Washington D. C Jan. IS. The
conference report on the Ballinger-
iiriehot resolution was adopted unan-
imously by tiie house today.
The Leader ia Installing a new Mer-
genthaler linotype. This machine is
a model number five low base nnd is
like the one installed in this office in
February 1909. This ia the best type-
setting machine made.
M. E. Sfilnn convict- d at the last
term of the district court of man-
slaughter and sentenced to twelve
years In the state prison at McAU-s-ter.
and who secured his freedom on
$1.00i) bond pending the llllhg of an
appeal from' the decision of the dis-
trict court was ngain taken in custody
Tuesday by Deputy Holland Clark
and brought to the county j.iil here
and will be taken to McAlester as
soon as Sheriff RUleuhour returns
The attorneys for Bhiun failed to
f!l notl . appeal in the time re-
quired '.i1 Ahich expired jitter-
day. ' n f til now lie taken to Me-
Alest i rt t'e- original commitment
and .- I:- v rue will begin from the
tk- !::'. Uh sentence was pronounc-
ed 'u . h'.Mr last.
vi':i 1-e remembered that Shinn
u'uvicted of killing N. it. Ueuder-
t "ar iRdlow about a year no.
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The Weekly Chieftain. (Vinita, Okla.), Vol. 27, No. 32, Ed. 1 Friday, January 21, 1910, newspaper, January 21, 1910; Vinita, Oklahoma. (gateway.okhistory.org/ark:/67531/metadc772550/m1/1/: accessed February 18, 2018), The Gateway to Oklahoma History, gateway.okhistory.org; crediting Oklahoma Historical Society.