fsr
f)
VOLUME XI
raiDNKY aofjoa.
I PiopBiuroa.
ARDMOJIE. INJ). TEH. TTESDAY EVENING MARCH i 1004
sog per mm
NUMBER )"
SPECULATION
SHOWS WHERE VAR DOMINATES
FINANCIAL MARKETS.
Many Failures Reported From Eu-
rope Due to Speculations Based
Upon the Mistaken Theory
That Peace Would Reign.
Si- ial to the ArdmorelU.
N.-w York Feb. 27. The extent to
A'hir-h war dominate the financial
ir.arkots In Europe Is seen liy the nu-
noious failures In Dorlln Paris and
otiu-r centers de to speculations
x-"l upon the mistaken theory that
n.sil!l..es between Itussln an.l Japan
wonM be averted. Whether thetaou-
i ios of those who erred In this ro-vp.(.-t
pro ended or not can not be told
. tlh time and It remains to ho
i n v.nat further developments will
orm? lorth. No doubt these troubles
hiivc been aggravated by lnrso opera-
tuns lor the fall which precipitate!
c mmpoiary panic on the Paris bourse
and was not at all surprising In view
n. the Immense holdings or Russian
bunds in France. Thus far neither
Tiitala nor Japan nas made any actual
attempts to place war loans on t:ic
utt rnational markets both having
t'u lar met Increased expenditures
i id tiu'lr own resources. It Is Im-
1 iuli however to feel any certain
U I.; this respect and should the war
i'ow long and very costly one or
.jjta of me coniosianis win uu uuns
to tap the world's money markets.
Prudent toreign bankers are there-
fote. especially caroful about tlietr
commitments' and arc likely to ro-
main so until tho lssuo of tho war
..... . 1 . -..III
.eerns more certain than at present.
This noes not Imnly any unsoundness '
in t.ie foreign financial markots bnt ty. Hit the great mass of consump-
simplv is a necessary preparedness Ul" production go on about ns
for now demands or surprMes which usual and this year the Issues do not
oar own bankers tflso have In view prt.nsc to be exciting or disturbing
A good deal of uneasiness certainly a tlu?e ot 1900 llml 1S0G-
txlsts regarding the situation In the the locnl money market appears
HalUns. where Russian Intrigue on alte serene the Panama canal pay-
the one hand and Turkish mlsiulo on nients firmer foreign exchange o- dls-
tiu other have kept that part of Kit-j :'? n cos abroad having no npprecla-
rope in an unhappy ferment for years bio effect here. Funds are plentiful.
Any weakening of Itusslan povor orJl't ot socking borrowers
prestige in tho far Uast la sure to while conditions abroad are so tin-
weaken her Influence In tho nalkans. settled i.lauldatiou has been so thor-
and hence stimulate Kuropean unrost;
In short the check to Russian ambl-
t on which must follow should Japan
sut coed will Inevitably havo world
wide consequences. How serious tho
dlstiirimncp or conflagration way be-
come no ono can tell; but every In-
telligent jobserver appreciates that
the cause of civilization will bo Im-
mensely advauccd by tho curtailmen
o the standards of government and
progress represented by Russia of to-
day It Is quito safo to predict there-
fore that the world's financial mar- (
kets will be strengthened by Japanese
ultimate success because that would .
lead to freer and moro stable govern-
ment as well as wider commercial
relations with portions of tho earth
that are ready for modern Ideas and
improvements.
lcal Influences havo also boon dot-
rimeutn' to tho stock market so that
professional operations materially In-
J A. BIVEN8 President
A. H. PALMER Cstrtltr.
Capital
Surplus Funds
A-ooountsof firms and lndltlduali
Accorded
THE CITY NATIONAL MM
W. S. WOLVERTON & SON
Insurant. Rnnris. Baal: Fstafe
AH ABSTRACTS.
The Largres; and Strongest Afjency
in the Two Territories.
Managers Ardmore- Abstract- Co.
vN-PRAr aopk-t? I Illinois Life Insurance Co.
ue.serau agents United - Stote FidelUr and Guaranty Co
r.as'i ta1 short Interest A g ol
Hpa! of unnecessary apprehension ex-
its rardin? (Tie Northern Securities
decision which is shortly expwtel
Thl. It is generally Inhered will be
adverse; such a rosult having already
been largely if not fully discounted.
FerhaiHi the most depressing home
lnlluence however Is the Immonse
Increase of new securities by our lead-
ing railroad corporations with the
certainty that considerable additional
amounts are still held back for suita-
ble opportunities. It Is not argued
that these new Issues are unwise and
unnecessary; In many cases thoy are
Imperative and In the long run will
prove wise; but thoy come at an un-
fortunate time when Investors are
shy. when profits seem likely to co-
cllne and when confidence has not
fully recovered from the vicissitudes
of 1903. No doubt those at the hend
of these operations being men of
proved sagacity appreciate the unfa-
vorable conditions which they have
to encounter and have guided them-
selves accordingly. Still an Increase
of several hundred millions' of new
securities nt a time of general reac-
tion or readjustment Is not a bull ar-
gument but simply evidence of the
urgent demand for better transporta-
tion facilities that must be satisfied.
It lollows of course that In case or
pressure on the market the poor se-
curities will suffer most; the better
grades taking care of themselves. Not
earnings for January and February
are likely to make poor comparison-!
owing to decreased traffic and In-
(.leased expenses resulting from the
severe winter which has been hard
upon the rolling stock of all Northern
toads: The reaction In busings Is
also telling and Is having its etfert
unon ratos. causing an onmronK oi
cutting on some cf the tiunk linos.
F.vldently tho conimiinlty-of-lntProM
idea is not as potent as when tinfflc
was plentiful. Tho presidential cam-
paign as nibiislncsj factor Is often ex.-
&ftiMated. A few new enterprises
may be deferred .luring the uncertain-
' nimli II nt tiir.li Incc nintiov IS t'Pll
up In speculation than formerly and
thh
partly accounts for abundance.
HUNY CLEWS.
Two Years and $10000
Washington D. C Feb. 0. August
Mat-hen Ocorge I-orenz and Dlller
Ooff wore todny each sentenced to
two yoail In tho penltentinry at
Motintlsvhle W. Va. and to pay
fine of $10000.
Samuel (Jroff has a motion pending
for a new trial. None were present in
Iho court except the prisoners and
tho attorneys.
For Sale.
t
Two flno Jacks "Star Light Chief
and "Hancock." age respectively 0
and 7. Sired In Tennessee. Made
two seasons In Territory. Show fln
record. For particulars address Q.
P Dlcltlnson Davis I. T. 17-lm
DON LACY Vlce-Prsldnt
W. A. WOLVERTON A.t. C.
$100000.00
30000.00
solleltad Courteou trettueat
all alike
A HARD FIGHT
THE FIGHT FOR ADMISSION HAS
NOW BEGUN IN E ATM' ST.
Democrats Are Opposed to Union of
Arizona and New Mexico and Re-
publicans May Adopt the Gag
Rule and Pass It Through.
Special to the Ar.lmorelte.
Washington Feb. SO.The fight
over the iidnilsslon of the four terri-
tories Into the Union as states hat
now begun In onrnest. The nemo-
ciatlc members of the committee on
Territories of the house have already
given evidence of a determination to
fight for separnto statehood for New
Mexico and Arlsona. It had been
hoped by Chairman Hamilton tha't
the committee regardless of politics-
could agree upon some bill that would
be satlstactory to all. This now ap-
pears to be Impossible aud as n result
the KepubllcaiiB intend to take tho
bit In their own teeth prepare a
hill along the Hues already suggested
In this correspondence namely for
the union of Arizona and Now .Mex-
ico and Oklahoma and Indian Terri-
tories adopt the gag rule If necessnry
ii. the house and pass It through that
body without further dolny. Leading
members of the senate have asked
the Republican members of tho com-
mittee to defer action until the nAt
session of congress unless n plnn
could be agreed upon su:lsfnctoiy to
Democrats and Republicans alike. It
has been explained that the Republi-
can members of the senate do not
caro to again shoulder the responsibil-
ity of adotermlned and aggressive fight
In that body If It can possibly bo
avoided. If a bill goes over to tho
sonato providing for tho union of
Arizona nnd New Jioxico It will be
vigorously antagonized bv tho Ilnm-
ocrats. This means a protracted light
and will prevent the passage of the
bill at this session.
In assuming this position tho Dom-
ocrats assert that they are living up
tc their campaign declarations nnd
that tho Republicans are illsroganilns
their nnto-eloctlon pledges. Thoy
point out however that ns thnre havo
been no declarations with reference
to Indian Territory thoy are at lib-
erty to support a bill for tho union
or Oklahoma and Indian Territory.
Tho Republicans reply to this by say-
ing that they believe In legislating
for tho best Interests of all tho poo-
pie and particularly those most af-
fected; that If the Republican party
has made mistakes In Its platform dec
larations and those mlstnkes have
now been discovered. It Is tho duty
of tho Republican party to correct
tho errors instead of enacting a law
Impregnated with evil provisions.
Thus tho debate between tho Re-
publican and Democratic members of
the commltteo rests and tho Indica-
tions arc that the battle Is to he
We are not price cutters
but try to give you full
value for every cent you
spend with us
R. A. TONES 
FURNITURE
ARDMORE NATIONAL BANK
ARDMORE I WD. TER.
Capital Stock and Additional Liability : : : : : $200000.00
re Conduct a General Banking Business for You and
Accept Small and Large Accounts.
DIRECTORS.
C. Ii. SAUTM President.
C. M. CAflPBELL Vice Pres.
LEE CRUCE. Cashier.
O. W. YOUNO Farmer.
J. C. THOMPSON Lawyer.
fought nit un similar lines on the llo r
of Hi. hon.40 reuniting as It will le-
suit in the complete victory ot the
Republican majority.
THE INDIAN'S FUTURE.
Demand for a White Man's Chance for
' the Nation's Ward.
Hon. William A. donos tho com-
missioner of Indian affairs has a
more Intelligent Interest In and un-
derstanding of the American Indian
Ills needs and possibilities than was
fwid b many of his predecessors In
Bltlce. He Is as far removed from
the sentimentalist moved (o tear
Over the alleged wrongs of the lMMir
fndian. as he Is from tne embittered
victim of Indian raids who considers
that there Is no good Indian save
the dead one. This ftut gives Inter-
Oit to Commissioner Jones' views on
the subject of Indian education at
given In his annual report.
These views are i-ertalnly founded
on solid common sense ilo recog-
nize the lnlluence of heredity to the
e.tent that the Indlnn Is handicapped
In Hie struggle for existence by a
lack of hereditary capacity for labor.
Therefore he believes the government
owes a slightly larger duly to the In-
dian tlinu to the white man. He be-
lieves that It In a legitimate oflice for
the government to tench the Indlnnc
how to tarm intelligently. Further
than this he does not go. For the
rest his view Is:
"Olve the Indian a white man's
chance. I-Mucnte him In the rudi-
ments of the language. Teach him
U work. Send him to his home and
tell him to practice what he has been
taught or starve. It will In n gener-
ation or so regenerate the race. It
will exterminate the Indian but de-
velop a man. Protect him only so far
that he may gain contidonco In him-
Helf and lot nature ami civilized con-
ditions ilo the rest."
This Is advice which commends It-
self to all who havo been iirought
Into contact with Indians. The trou
blc has boon that the Indians have
.been treated with precisely trie oppo
' slto policy. Too many of them havo
been pauperized liy the reservation
'system with its accompaniments of
rations annuities loaso money and
the llko. Those Indians for whom tho
government has done nothing but who
have had to hustle for themselvos
hnvo made the best showing of pro-
gresi. In this section of the country at
least many Indians by deliberate
choice adopt the white man's ways
and without any advantages of edu-
cation dovolop Into thrifty Industri-
ous citizens. Thcie Is ns much of a
place for tho Indian In our cosmo-
politan population as thero Is for oth-
er men white yollow and black who
work out their own salvation. Tho
Indian is fully capable of doing tho
same. Seattle Post-Intelligencer.
Noble Confirmed Postmaster.
Special to the Ardmorolte.
Washington Feb. 29. William No-
ble was cdnflrmed by the sonato this
afternoon as postmaster at South" Mc-
Aloster. Tho confirmation of J. Blair Shoen-
felt as Indian agent Is dally expected.
CARPETS
K. A. JONES Furniture.
SAfrt NOBLE Hardware Merchant.
J. R. PENNINUTON Wholesale Her-
chant R. W. RANUOL merchant.
THE JAPA-
NESE FLEET
NOW OFF VLADIVOSTOK CLOSE TO
RUSSIA'S SECOND FLEET.
Today the Date Set for Attack on
Port Arthur Commander of That
Port Says Will Never Surren-
derDriven Back.
Paris. Feb. 29. Dispatches from St.
Petersburg confirm the report that the
Japanese Meet is off Vladivostok
where the second Russian fleet lies.
Another dispatch says one of tho main
.lapauew armies In still fifty miles
south ot Ping Yang ami Is held thero
by dllllcultles In communication.
IJao-Yang Manchuria Feb. 20.
The foreigners living at Yln-Kow say
the Japanese Meet has received or-
ders to attack and to oapture Port Ar-
thur on March 1 at all costs.
St. Petersburg Feb. 20. The Cour-
ier do Tlen-Tsln snyH that in spite of
tho Jnpauem measures to conceal
their losses It is known that tho bat-
tleship Yushlinn and the armored
cruisers Asama and Tnklwn have been
towod to Nagasaki to repair the dam-
age thoy havo sustained.
l-ondon. Feb. 2t. Tho I.findon
Times has apparently succeeded lu
coinpUMIng a wlrolows telegraph sys-
tem from Chemulpo Korea to Wol
Hal Wol on tho Chlnoso mainland.
Wireless dispatches say 20000 men
and IXiOO horses and six batteries of
artillery havo landed at Chemulpo.
Tho belief thero prevails that tho
Japanese land advance Is being held
In abeyance ponding naval operations
against Poit Arthur.
St. Petersburg Fob. 20. General
Stoessel commanding at Port Arthur
Issued an order today calling tho at-
tention of tho Inhabitants to tho fact
that the Japanese Intended to In-
and seize tho fordoes. The ger
say ho will never lssuo an ordei
suriender and calls upon all to fig.
to tho death as thoy cannot save
themselves except by lighting.
Among tho rumors circulating hero
today Is ono that two Russian battle-
ships were sunk at Port Arthur this
evening. It Is boliovod this refers to
tho Cznrovltch and Retvlzan torpe-
dood two weeks ngo.
Chefoo Feb. 20. Tho Twenty-ninth
Japaneso Infantry occupying Ping
Yang midway botweon Seoul and the
Yalu river on Sunday encountered n
body of Russian cavalry scouts north
of Ping Yang and drovo them back.
It la estimated that 80000 troops have
been landed to Chemulpo. Tho trans
ports now aro not escorted by war-
ships'.
L. P. ANDERSON President. b. F. FRENSLEY Vlce-Pres.
C. L. ANDERSON Cashier. C. S. MAUPIN Ass't Cashier.
FIRST NATIONAL BANK.
Ardmore Indian Territory.
Designated Depository for Bankrupt Funds of Chickasaw Nation
Capital paid in $ 60000.00
Surplus Funds 180.000.00
Total .$240000.00
The oldoijt bank In Indian Territory. Accounts of hrms and Individuals
aollclted upon the most liberal terms oonslstlni: with Rood banking.
ASK FOR
"CHERRY"
HAMS . AND . BREAKFAST . BACON
Thev Will Please You.
Whitaman Brothers Company
WHOLESALE
Si Petersburg Fe. 2) T!i
v ." Vremyaa today published i
markablo editorial on the parail : 
tweon Port Arthur and Seba.-t .; . 
pointing out that the ports are Mn i
eallly situated Golden Hill corresp-n I
tng to the Mnlndof Delnjr to the Ku
torla Admiral Atexleff to Admiu1
Nachlmoff and Retvlzan to the Tr t
Sviatltelln. The editorial how-no .
warns Russians to abjure fatalist i
llefs. AlthfVuih written without f .
knowledge of Oenerai StoeateU -q V
ly remarkable general order Issue.t
Port Arthur yesterday the No.
Vremyas editorial comes as a ?tn.';
reinforcement ot Its purpose !i i
menus that Port Arthur must frt i
case be surrendered. Both seem i
foivshttdow n siege of Port ArTSur n 1
the bombardment which the dKpr
from Mao Ynng snys It Is rumor.
Newchwang will occur tomorrow
The official opinion continued t o
that the Japanese will make n a
tempt to Invest Port Arthur Imm i
ately although It is added that th y
evidently are determined to force :uv
torn as rapidly as possible.
In a Bad Location.
Kdltor Reavesky of the Harder.- i
Free Pressky says that If the P. ; .
slqns are caught between Wlibcky -
k' and Hudwolsoroff while the Ja..
anese aro converging from SchliUl I
Tamaleslilmn and OldtomglnklU
they might ns well bo between H-- I
ski and Ironworksodovsk Memp:m
Commercial-Appeal.
HER SECOND BIRTHDAY.
Twelve-Yenr-Old Margarett Juny En-
tertains Her Friends.
Yesterday little Margaret Juny .i!
though 12 years old celebrated .v
second birthday. Sho was born nt.
February 20 1802 and yosterday wai
tho second tlmo hor birthday has hap-
pened since Sho entertained many
ot her schoolmntoB and friends at h-i
father's homo Rev. F. A. Juny. 2u0
13 streot southwest.
To Whom It May Concern.
Don't bo mlslod by our competitors
Ask them If thoy will ngreo to mak
a public tost of their material against
ours with water pressuro and crush-
ing strength we to pay the cost.
Write M. Ingalls Cincinnati O. who
Ii building a sky-scraper slxteon st'ir-
I - high with the same material an I
ss nB ours.
build plera for houses 2t cents
.- foot. Closets from $2fi up con
pletu (plasteren).
Can save you money on any mason-
ry. See .Mill's to n for ostlmates.
Watch our buildings put up In free
lug weathor without a crack In tlv
Wllllt).
ARTIFICIAL STONK AND CON-
STRUCTION COMPANY.
Mm L. R. MARSTON Mgr.
Good drossers of surrounding town3
aro Invited to call and seo tho finest
nssombly of swell hats ovory shlpped
tv tho Indian Territory. They are a
fresh a tho stylos of Paris and the
world. Oomo today and soo them.
MISS RUSSHLf SHINHOLSF.R.
Ardmore I. T. 29-2
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