The Oklahoma County News (Jones City, Okla.), Vol. 15, No. 32, Ed. 1 Friday, December 10, 1915 Page: 2 of 5
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I _. '*"1 EADI.NO (lnanclers of Great
I Britain and France recent-
II * I ly negotiated a loan in the
—' * United States for live bun-
7 dred million dollars.
No attempt to raise such a vast
amount of money has been made in
this country since the days of the
Civil war. Older heads in Wall street
recall the furore which attended the
successful distribution of two large
loans put out by this government—
one for flys hundred millions of dol-
lars and another for eight hundred and
thirty mll.-ions—to pay the expenses
incurred ill the struggle to preserve
Jay Cooke, the great financier of
that period, engineered the flotation
of both loans and the machinery he or-
ganized and set in motion for gather-
ing up the savings of people and ex-
changing them for the government's
"five-twenty” and "seven-thirty”
bonds, while perhaps crude alongside
the highly perfected system of con-
ducting banking and investment busi-
ness which exists today, was marvel-
ous from the viewpoint of results
achieved. He succeeded in speeding
up his system to the point where sub-
scriptions for the bonds came in faster
than the treasury department could
supiriy the engraved certificates.
It has been suggested that the bank-
ers who have negotiated the Anglo-
Keeping dally walcb on
THE LIVER AND
At the first sign of trouble resort to
C END us your name and address on cou-
~ pon below, and we will tell you about
'how we are giving complete sets of Oneida I
Community Par Plate Silverware, guaranteed
ten years, FREE with Skinner Products, i
In the meantime commence saving up the
trade-mark signatures from Skinner packages.
Skinner’s Macaroni Products are made from the finest
durum wheat in the largest and cleanest macaroni
factory in America. Combine with cheap cuts of meat,
left-overs, cheese, fish, oysters, mushrooms, etc.
Cheaper than meat and better.
Send Coupon Today /
We will at once return fine recipe /JZrrji f I
book and full information how
a beautiful set of Oneida Gom
Par Plate Silverware FREE. S
ware you’ll be proud of and wh
will make your table look fin.
Allgood grocers sell Skinr '
Cheaper by the ca*e-S
Skinner Mfg. Co.
Largest Macaroni Factory
DepLB Osaka, Neb.
It helps Nature restore normal
conditions throughout the system.
WOMEN Sf;8 KfutKTS!
or and cheerfulness often disappear when
the kidneys are out of order or diseased.
For good results use Dr. Kilmer’s
8wamp-Root, the great kidney remedy.
At druggists. Sample size bottle by Par-
cel Post, also pamphlet.
Address Dr. Kilmer & Co., Binghamton.
N. Y., and enclose ten cents. When writ-
ing mention this paper.
The first dose often astonishes the Invalid,
giving elasticity of mind, buoyancy of body,
regular bowels and solid flesh. Price. 25 cta>
' a SKINNER
Ar / mfg.
7 ♦ COMPANY
A Dept. B
^ Omaha. Neb.
+ Pleas* send me full
▲ information how I
W can obtain Oneida Com*
▼ inanity Psr Plat* Silver*
W war* free with Skinner’s
► Macaroni Product*.
UV'RIJSfG the Great Con-
LZ3flict 'Between the States,
the Federal Government
tfias in Dire ffeed of Funds.
After Others Had Failed to
*Raise the Sum, Jay CooKe,
footed Financier, Suc-
ceeded by a ffebv Method.
Mr. SomeBtayer—How did you ilk,
Mr. Rolllngstone—Oh! Paris is all
right, but I can’t staDd for the Par-
had been on before.
Since the stirring days in which Jay
Cooke achieved his financial triumphs
the processes by which the surplus
funds of the country find their way
Into investment have been refined and
brought up to a higher state of perfec-
tion. There exists In the economic
structure of the nation today a finan-
cial department of perfect machinery
which applies to the country’s develop-
ment the combined energy of the ac-
cumulated savings of men and women
ail over the land. Like the transmis-
sion machinery of the modern indus-
trial plant by which the heat units in
the coal bin are transformed to pounds
of energy in producing useful com-
modities, our banking system gathers
up the savings—the five hundred and
thousand dollar nest eggs—from myr-
iad thrifty homes, unites them in pow-
erful funds of limitless energy and
puts them to work. It is through the
operation of this machinery that rail-
roads and public utilities are financed,
industrial enterprise is promoted and
the funds required to carry on state
and municipal improvements are
To gear this machinery up so that
large foreign loans can be arranged in
this country la the problem now be-
fore the heads of the nation's great
From the very outset of the war
they have realized that nations of Eu-
rope, being engaged in the waste and
destruction of capital on a prodigious
scale, would soon or late be knocking
at our doofs and asking for financial
aid. That time has come. England
and France sent some of their most
gifted financiers and men of affairs to
the United States on a borrowing mis-
Baron Reading, lord chief justice of
England, a man of extraordinary in-
An Improved Quinine, Does not Cause
Nervousness nor Hinging in Head
The hippy combination of laxatives In LAX-
ATIVE UROMO QUININE makes the Quinine
in this form have a far better effect than the
ordinary Quinine, and It oan be takeu by any-
one without affecting the head. Remember to
eail for the full name, laxative RromoQuiutue.
Look for signature of E. W. Qrove. S5o.
“That man looks as If he had some-
thing on his mind."
"Yes,” replied Miss Cayenne; “but
his conversation doesn't sound that
way. He is a walking optical illusion.
Try, Try Again.
Blondine—I understand Mrs. Gid-
digad has been married five times.
Brunetta—Yes, poor dear! She never
seems to have any luck with her hus-
French loan may have studied the
Cooke methods. The government's
“five-twenty" loan was authorized in
February, 1862. It remained on the
market nearly a year without success,
despite various efforts of Secretary
Chase to negotiate it He solicited
offers in New York, but the condition
of the money market at the time was
such that most of the bids were at a
considerable discount below par. In
fact, there was not sufficient currency
in New York to absorb the loan rapid-
ly enough to Bupply the wants of the
It became evident that If the loan
were to be taken It would be only
through popularizing It, by seeking
purchasers among the masses of the
people In all parts of the country, and
no longer merely upon the capital ac-
cumulated In the money centers.
How was this to be done? The treas-
ury department was not adapted to
the management of business of that
character. There were no officers
who could be charged with the under-
taking. All the bureaus were over-
crowded with overworked employees
Besides, the laws regulating the re-
ceipts and disbursements of public
moneys presented lnsuperrble barriers
to a direct negotiation of the loan be-
tween the treasury department and
When these difficulties became ob-
vious Secretary Chase decided to re-
sort to private enterprise and selected
Jay Cooke of l’hlladelphla, head of
the hanking house of Jay Cooke & Co.,
as special agent for the treasury de-
partment In disposing of the bonds.
Mr. Cooko attacked the work with
vigor and enthusiasm. Under his man-
agement there was organized a vast
machinery that resulted In the enlist-
ing of every bank and banker and al-
most every newspaper In the northern
states In advocating the loan. He con-
ducted a publicity campaign which up
to that time was probably without a
The bonds were Issued In denomina-
tions of *50, *100, *500 and *1,000, and
it was estimated that at least three
million persons subscribed for the
loan In amounts ranging from *50 to
sums In six figures.
The Cooke advertisements were
spirited and confident, reflecting the
vigorous character of the man who
wrote them. He kept the loan before
the people constantly.
His newspaper "broadsides" were
characterized by both originality and
Ingenuity. One of his most effective
efforts lu the line of publicity ap-
peared as a kind of farmers and me-
chanics’ catechism, entitled "The Best
Way to Put .Money Out at Interest.”
Mr. Cooke personally called upon
the editors in Philadelphia and New
York to indoctrinate them with his
views. His brother, Henry Cooke, was
on terms of intimacy and friendship
with the correspondents congregated
at Washington and, so we are told, in-
vited them individually and in parties
to partake of the hospitalities of his
splendid home in Georgetown.
Besides the countrywide publicity
carried on in the newspapers and mag-
azines Cooke literally showered the
nation with show cards, posters, cir-
culars, pamphlets and handbills, a mar-
velous variety of devices of the type
to catch the eyes of the people, im-
press their minds and draw the money
from their pockets.
All the while traveling agents
scoured the country from end to eud
seeking money in the remotest corners
of the country. It was not long be-
fore the name of Jay Cooke became
known to every village and farm and
had only to be spoken by one of his
solicitors to draw the carefully hoard-
ed savings from their bidden recesses
as if by magic.
Night agencies at which mechanics,
mill workers and factory employees
could subscribe for the bonds were es-
tablished in all the large cities shortly
after Cooke received his appointment
for the "seven-thirty" loan, in Janu-
The office of a coal and wood con-
cern, a real estate shack, or even the
front part of a corner saloon, answered
the pul pose, so luug as it gave the
wage-earner an eaav opportunity to
Invest his surplus earnings lu United
Nearly a score of these night agen-
cIcb were opened up in Ntew York city.
Brooklyn and nearby New Jersey fac-
tory centers, and for weeks the "seven-
thirty” government furor continued at
a high pitch.
The remarkable success which at-
tended the employment of those meth-
ods fully justified their adoption.
Within less than eighteen months
after Jay Cooke took charge of the
distribution of the "five-twenty” loan
the enormous aggregate of *500,000,-
000 had been diverted from the ordin-
ary channels of Investment and trade
and turned over to the government
without serious disturbance to the in-
dustrial or commercial Interests of the
In ali the period the popularizing
machine was In action there was no
serious pressure resulting upon the
money market, no exhaustion of the
resource relied upon, no faltering or
unevenness in the How from a thousand
rills which fed the constantly swell-
ing current of the supply. In thus
popularizing the loan, distributing it
among the people In all sections, oc-
cupations and degrees of wealth, the
foundations were laid for future loans
and the national crodlt was placed on
a broader and firmer basis than It ever
"Doan Miss Smith look cute this
ebening. Mlstnh Johnsing?"
‘‘Yes, very cuticle, very cuticle!”
\v. Here Comes
Orders It Up.
'Do you pass the plate at church?”
No; I go to Bleep and lot it pass
AVOID A DOCTOR’S BILL
on the first of the month by taking
now a bottle of Mansfield Cough Bal-
sam for that hacking, hollow cough.
Price 25c and 50c.—Adv.
Ethel—“Jack proposed three times
before I accepted him." Marie—“To
whom, dear?"—Boston Transcript.
Spartan Women Suffered Untold Tortures
but who wants to be a Spartan? Take
“Famenlna" for all female disorders.
Price 60c and *1.00.—Adv.
is one of the most won-
derful inventions of the
age. It is absolutely
unique. Never before
More sawing and less hammering is
another thing that is badly needed In
tciicct and foreefuiness, often spoken
Always keep Hanford's Balsam on
hand for nnoidenfs. it’s good insur-
of as England's Disraeli of The twen-
tieth century; Sir Edward Holden, one
of the foremost joint-stock bankers of
London; Sir Henry B. Smith, an in-
ternational banker of wide experi-
ence; Octave Homberg of the French
foreign office; Ernest Mallet, regent
of the Bank of France, and Basil B.
Blackett, a British treasury expert—
these are the men who came to ar-
range for a loan to be pledged jointly
by their respective countries.
In listening to their arguments the
American bankers constantly kept in
mind the fact that in order to get the
people to Invest in bonds of foreign na
tlons they must first make them see
the advantages to be gained by lend-
ing money abroad.
Obviously their position Is not the
same as that which confronted Jay
Cooke, whose appeal for funds was.
after ail, largely au appeal to the peo-
Cold facts concerning foreign ex-
changes. the movement of the crops
and other phases of the country's bus-
iness, vital as they are to general
prosperity, cannot be expected to
awaken the same enthusiasm as the
cry, "The Union must be preserved!"
Nevertheless, when the financial ma-
chinery of the country is once set in
motion wonderful things can be ac-
complished. Jay Cooke demonstrated
without harm. Never before have women had any-
thing which REALLY made dirt disappear as quickly,
as harmlessly, as EASILY as with this extraordinary
dirt loosener. It does HOURS work in MINUTES.
It positively will not fade colored clothes—shrink or
harden woolen, and will not rot or weaken lace cur-
tains so they tear easily, but keeps them STRONG
besides absolutely clean.
3 Sticks for 25c—less than 2c a washing
Sold by all Druggists and Grocers everywhere. If yours doesn’t handle it, show him this
ad—he’ll get it lor you. Of send 25c in stamps to A. B. Richards Co.. Sherman. Tex.
Oklahoma City, Guthrie, Elk City, Chickasha, Shawnee and Altus
Many a married man would Btarve
to death If his wife didn't know how
to manipulate a can opener.
J>r. Pierce's Pellets are best for liver,
bowels and stomach. One little Pellet for
a laxative—three for a cathartic.—Adv.
If wishes were mules most beggars
would have more kicks coming.
|f OKLAHOMA CITY
I 450 Rooms 300 Baths
I Rates: $1 and upwards
by railroads. For, while the movement of these K, AH
heavy shipments has been wonderfully rapid, the VS IT a ■
resources of the different roads, despite enlarged » r K Va • I J |
equipments and increased facilities, have been
strained as never before, and previous records
have thus been broken in all directions.
The largest Canadian wheat shipments through New York ever known
are reported for the period up to October 15th, upwards of four and a
quarter million bushels being exported in less than six weeks,
and this was but the overflow of shipments to Montreal, through which
point shipments were much larger than to New York.
Yields as high as 60 bushels of wheat per acre are reported from all
parts of the country; while yields of 45 bushels per acre are common.
Thousands of American fanners have taken part in this wonderful pro-
duction. Land prices are still low and free homestead lands are easily secured
—. in good localUiee. convenient to churches, schools, markets, railways, etc. .
A there la n. war lax on land and no coaacrlptlon. A
ekr Write for illustrated pamphlet, reduced railroad rates and other
information to Superintendent Immigration, Ottawa, ArY
r Desi^rvcps ^
°S rVitxtiiv^ 'Plc\te s
Improving Human Race.
It is becoming Increasingly neces-
sary to Impress the fact that there
are two distinct lines in the improve-
ment of any race; one by favorable
environment, which brings Individ-
uals up to their best possibilities; the
other—10,000 times more important
and effective—selection of the best
Individuals through a series of gen-
erations, writes Luther Burbank In
Good Health. By this means, and by
this only, can any race of plants, ani-
mals or man be permanently or radic-
The prince of Wales has taken an
oath never to marry a German prin-
cess. The heir apparent to the Brit-
ish throne, who Is directly of Ger
man stock. Is quoted by the Paris
press as having formally registered a
vow that no German blood should be
added to the British throne line if he
could help it. ”1 Intend to marry the
daughter on an English peer,” said
the young prince to friondB recently.
The prince has been serving with the
British headquarters force somewhere
in the region of Dunkirk.
Nearly a ton of wrist watches were
on exhibition at a recent convention
of Jewelers In New York. "The ma-
jority of persons." said one of the ex-
hibitors. "call these 'sissy' watches,
but this term will eventually be dis-
credited—for one thing, because the
officers in the European war are de-
pending a great deal on wrist
watches." The convention, however,
as a whole, did not encourage the use
of the Innovation.
Films Developed ;°;rS
PUm packs, any site, ibe. Print* up to and including
8c; BHxMi and *14x4*. 4c. HUxbUbo Lei
©ur nim exports *?ly« you bolter result* Kastman
Kodak* Film* and all Kodak* Huppllos *ent uny
Ytbert*. prepaid Hend ns your next roll an*1 let us
courtuce you we are doing better Kodak ttui.thing
Bend tor catalog
Westfalt Drug Co., Kodak Dept.
f06 W Mala Eastman Ogenll Oklahoma Clb
0. A. COOK
2012 M a la SL, Etnas* City, Mo.
Canadian Government Agent
W. N. U.. Oklahoma City, No. 50-1915,
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Keyes, Chester A. The Oklahoma County News (Jones City, Okla.), Vol. 15, No. 32, Ed. 1 Friday, December 10, 1915, newspaper, December 10, 1915; Jones, Oklahoma. (gateway.okhistory.org/ark:/67531/metadc859997/m1/2/: accessed December 10, 2018), The Gateway to Oklahoma History, gateway.okhistory.org; crediting Oklahoma Historical Society.