Muskogee Daily Phoenix (Muskogee, Oklahoma), Vol. 10, No. 272, Ed. 1 Sunday, November 5, 1911 Page: 4 of 14
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F
SUNDAY MORNINO —o— MUSKOGEE DAILY PHOENIX —o— NOVEMBEE FIFTH
SPECIAL SESSION
10 RAISE FUIDE?
I to see that there were no bogus war-
rants paid out, and that It would only
lie a question of eight or ten months
■ until warrants they wore buying
would be railed. With this under-
standing the banks purchased thoun-
nds of dollars worth of slate war-
Iranm at par. Now It turns out thut
Slate Treasurer Dunlop Says may have to wait an indefinite
That is the Only
Remedy.
OKI<AH<<MA CITY. Nov. 4.—(Spe-
cial) -A special session of the legis-
lature Is the only source of relief In
the matter of handling state wurrants
over which much complaint has been
• nd is now extant, is tho emphatic
statement of State Treasurer Robert
Dunlop. According to the state treas-
urer, the legislature could authorize
the lmuance of funding bonds for. the
deficit that has accumulated during
the three yeans previous to the pres-
ent administration and take up all
the old warrants. These are what
ore causing all the troublo now, so
says Mr. Dunlop.
Governor Cruce says that If he were
treasurer he would pull all the depos-
its out of the bank* which refused to
cash atate warrants at par. This Is
Ills ideti of a remedy for the present
trouble. With Dunlop It Is different.
He nays he will not do anything of
the kind, even If thy .overnor does
■tlggest it.
State Treasurer Dunlop says "the
banks of Oklahoma Ctty and the
atate In general that are depositories
for state fund* have been cashing
atate warrant at par until recently.
The banks in Oklahoma City that are
carrying state deposits nre also carry-
ing from four to si* times tho amount
of state warrants that they have ntate
funds, and at this time It would be
bad business for me as state treas-
urer, as having promised banks of
Oklahoma City that if they would par
warrants and deposit no other kind
of security with me as stuto treasurer,
except state warrants, that I as state
treasurer would do all in my power
Hood's
Sarsaparilla
Eradicates scrofula and all
other humors, cures all their
effects, makes the blood rich
and abundant, strengthens all
the vital organs. Take it.
Get it todn 111 usual liquid form or
chocol.i. .1 tablets called Sarpatabs
No Grocery Trust
ONE OF THESE
10,0 00
MISSION
CLOCKS
is yours if you will secure
two subrcriptions to a
Week'v Magazine
length of time to get those warrants
cashed.
"I see no reason why that 1 as stats
treasurer, should double-cross the
banks that hav. Invested hundreds
of thousands of dollars In state war-
rants. And that Is not all, as state
treasurer of Oklahoma I expect to do
exactly what 1 told the banks five
months ago, that tho warranto they
were then refusing to accept would
be paid In eight or ten months. Now
it turns out that they will not be paid
for an Indefinite period and I propose
to see to it that what little state
money they have at this time shall
remain so long as I am state treas-
urer, or until the warrants they have
nvested In have been paid.
'It may have been the custom for
former treasurers to deposit funds
outside of the state of Oklahoma but
so far as I am concerned that will
never happen while I am treasurer, rt
would be an easy matter to go to
certain banks In this state, probably
In Oklahoma City, that have never
carried any state warrants and prom-
ise them a deposit of fifty to one hun-
dred thousand dollars If they would
par state warrants, but that would be
a disgrace to the treasurer's office and
to tho state administration and every-
body concerned.
"For the past five months I have
been doing my best and now that It
comes to the point where banks are
loaded up with this class of paper and
'annot take any more, I do not pro-
pose to *lvo them the double-cross
and check all of my money out of
their banks and leave them holding
from *60,000 to 2B0,000 worth of
state warrants In each of their banks
with no market In which to dispose
of them.
'I have on deposit at this time
general revenue money to the amount
of about $1,000 000. There Is about
$3,600,000 warrants outstanding, |2,-
8*6,000 of which will probably not
be paid until the legislature convenes
and for some months thereafter, and
the banks that have loaded up on
those warrants shall at all times re-
ceive any favors that this office can
confer. I have induced practically
every depositor in the state to pur-
chase state warrants to protect their
deposit und now It turns out that
they will have to wait an Indefinite
period to cash their 6 per cent paper.
"I don't propose to make any
hango at this time except to do
anything 1 can to protect the state's
credit, and also to protect the banks
that have Invested In housands of
dollars of state warrants upon my so-
licitation."
There Is something like n hundred
thousand dollars state money on de-
posit in local banks. Mr. Dunloi
snys these same banks are carrying
about four to six times that mttct.
state warrants for security. The whole I
trouble Is with the old warrant*.
There seems to have gained an im-
pression outside of the state that the
old warrants have not the right kind
of backing behind <hem, and It is
complained that banks holding them
cannot negotiate them. They are un-
marketable. Having tilled up on those
warrants as much as they can carry
I It Is clalmde the bankers do not care
•ash any more warrants at par.
That Is the reason for the complaint
that present salary warrants are not
ing cashed for par. This only hap-
pens, however. In those departments
that have no earning capacity.
Governor t'ruee is determined th.it
there Is no occasion for a special ses-
sion. When the greatest effort was
being made to Induce him to call it.
this feature was not mentioned as
constituting one of the necessities forj
the session. It Is argued now that
the legislature alone can effect the j
medy for the present condition < .'ti-
ming the state warrants.
Muskogee, Okla., Nov. 8, 1911.
Mr. E. M. Kerr,
Care Times-Democrat.
Dear Sir
You have continuously carded on In
your paper for more than a month a
campaign of misrepresentation with
reference to the grocery prices, in
which you have practically been tell-
ing the people that the local dealers
were robbing them. Your statements
have largely been only of half truth,
backed by ostensibly genuine letters
from persons signing "Housekeeper,"
"House Wife," "Reader," etc., telling
of cheaper prices elsewhere. Your as-
sault Is replete with evidence of an ef-
fort on your part to actually run the
tnde in groceries away from Musko-
gee altogether.
Your ruthless attack upon the groc-
erymen of Muskogee and your allega-
tions of a trust among them Is an act
of treason against the commerci
welfare of a class of merchants who
havo fully as legitimate Investments
and as much right to the voluntary
patronage of the people of this com-
munity as your paper has. Never be-
fore have we witnessed any newspa-
per attempting to blackmail advertis-
ing patronage out of any class of busi-
ness men as you have by your slander-
ous procedure. If the grocers don't
see fit to advertise, that Is their priv-
ilege and they should not be attacked
In any such fashion In cxerclslng It.
It is a fact that groceries are high
er In price generally than they were
five or ten years ago; nearly every ele-
ment entering the cost of living Is
more costly. The retail grocer, how-
ever, enjoys less net profit on a given
amount of business now than ever.
There are many articles handled by
every grocer at a positive loss, and the
grocer who does not get a sufficient
average profit to cover his unavoid-
able and comparatively large expense
of doing business Is sure to fall.
Do you know of any retail grocer In
Muskogee getting rich? Surely the
local distributor of groceries per-
forms a service of some value and he
should receive a just reward for his
labors. The average Muskogee groc-
er assumes a burden In extending
credit, away out of proportion to his
ability, simply to accommodate the
necessity of his patrons, and he is
entitled to consideration.
You told the people that grocers ti.
Joplln and Oklahoma City were sell-
ing 15 and 16 pounds of sugar for a
dollar, while Muskogee grocers were
giving only 12 pounds, but you did not
tell of the spcclal conditions surround-
ing the former. You did not tell It
all and say that the special price was
made by cash grocers as a trade lead-
er and only applied with grocery or-
ders of $8.00 or more, nor did you tell
that the grocers as a rule were selling
12 pounds In Oklahoma City and from
10 to 12 pounds for a dollar In Jop-
lln and Ft. Smith. It did not serve
your purpose to do so.
You blatantly printed that a cata-
logue house In Kansas City was sell-
ing 25 pounds of sugar for $1.00, but
upon request you would not show the
evidence you claimed to have sub-
stantiating It. In reply to « letter the
same catalogue house quoted a Mus-
kogee citizen a price of $7.39 per 100
pounds; not by the dollar's worth, hut
by the sack, and limited one sack to
a customer, price subject to change
without notice. With freight and dray
age added, the true price was over
twice the figure you alleged. That
letter was offered you to run In your
paper, but you would not give It space,
and It appeared In the Phoenix of
Sunday, October 8th.
And yet you had the audacity
wonder (') why the grocers didn't
"answer" your spleen. Even told the
public that your columns were open
to the grocers In that respect.
Your attitude from the outset has
been one of narrow selfishness In your
desire to drive the grocers Into your
advertising columns as plainly ex-
posed In your first article September
22nd. Seeing that you could not. even
through your efforts to poison the peo-
ple, drive the grocery business out of
Muskogee, nor force the grocers to ad-
vertise, you have prolonged your abu-
sive tactics in another direction in the
evident deliberate attempt to Injure
the benefit of one. We say this with-
out prejudice to Mr. Brown's entry,
as we welcome him to Muskogee and
wlssh him success. An open field and
fighting opportunity is all any hon-
est retail grocer asks, It is all we have
ever had In Muskogee. But we do
resist your unfair efforts to prejudice
the situation.
Your Insinuations regurdlng a groc-
ers' trust In Muskogee are so absurd
as to require no answer, but we do
say there is no combination or agree-
ment or understanding by which price
of groceries to the consumer Is fixed,
nor never has been In our knowledge;
and furthermore, thut your statements
and Insinuations in that connection
Were groundless and were malicious-
ly false; also that you made them, we
honestly believe, to serve the mercen-
ary purpose of drawing the grocers
Individually into making statements
and advertising In your paper.
We furthermore assert that our av-
ertge price Is not exorbitant, but is on
the other hand so small as to yield a
less net return on the capital invested
thnn any general line of retail busi-
ness In Muskogee, and this can be
easily demonstrated to any uspre-
Judlced person who knows anything
about the cost of doing business In
Muskogee.
Yours truly.
Third Street Grocery Company, by
Arthur Nichols.
Pure Food Grocery Company, by
J. C'. Redfield.
Gaines & Ebersol.
By E. B. Gaines.
Chas Seeklngs. Grocer.
H. E. Stuckj-lager.
O. P. Hereford,
By A. E. Martis.
Jameson Grocery Company.
Eaten Mercantile Co.,
By H. T. Estes, Manager.
O. I,. Baker. —Adv.
Yourfirs
Bank account
'I am pleased to recommend
Chamberlain's Cough Hemedy as the
best thing I know of and safest
remedy for coughs, colds and bron-
chial trouble," writes Mrs. L. B.
Arnold of Denver, Colo. "We have
used It repeatedly and It has never
failed to give relief." For sale by all
the business of eighty odd grocers for I dealers.
"C1 very thing has a beginning. The
-L-rf only beginning to wealth is saving.
If you wish to be rich—to have all the
things that money controls—start sav-
ing today.
Open an account at this bank—
even a dollar will do it
4 PER CENT. PAID ON TIME DEPOSITS
American National Bank
Capital $150,000.00
"A Bank of Strength and Character."
A GRUESOME FIND.
THIS 8-1'AY MISSION CLOCK
of black flemished kiln-dried
oak, im'Ii reined metal numerals,
iiirgo i.iuks pendulum disk and
ornam " de weights, cup bell
trlk>M the half hour and cathedra:
(join 011 the hour. SIZE 2ltl %xl3i
Is yours at no cash coat to jou.
A Superb Xmas tilft—
\ Perfect Timekeeper—
A handsome object <>f Ainerb ai.
art, suituM. for th. filial home.
If *. tar frcm you before Nov
16, tbl* cln. k will be shipped l>«-.
15. send us your name and ail
dies* and will tell you what to
do, to k' ' It. I It worth the ask-
ing for "
Write To-Ni htTo
Mission Clock Dent.
147 las' Jth St., New WrW CI}
PAItlS, Nt'i. 1 -A gruesome dis-
covery was made In the basement of
11 Nice bank the other day b> the 1 >t'-
flclal Receiver, M. Augeard, while in-
speetlng the furniture of the Creata
Hank in the Itue Massena. which i>
in proceca o liquidation owing to the
death of the head of the ftrm, the
official came across a amall wooSen
cheat, which, when opened. K >,H
found to contain a human head.
M. Augeard immediately Informed
the police, and the commissary sum-
moned before him all the former em-
ployes of the bank who happened to
be in town. Meanwhile, those who
had minutely examined the head dc
lared It to be that of a woman, prob-
ably nn Indian. The new s «,>on spread
of a horrible sequel" to the death of
the head of the firm.
Disappointment met the amateur
detective*, however, when an ex-cm-
ploye of the bank cleared the mys-
j tery with a statement to the effect
thut the mummllled head waa a relic
which an explorler friend of M Cnwa
had brought Iroin Indian.
For coughing, dryness aiul tlukllitK
In the throat, IniarrcurM and i<'•
coughs ami colds, tufce Cole..'* lion
and Tar Con\poun4> ContaHMi 10.
opiate*. For MkJe by Ml drugirtw*
Homes
These are not all. Others are building. A handsome two story brick residence
started yesterday by Mr. W. E. Davis.
Six months ago Monticello was unbroken prairie.
To-day homes representing more than $50,000 have been constructed.
The best sewerage systen in Muskogee is now completed.
Paving of several of the important streets nearing completion.
Muskogee's Interurban almost ready for active operation.
Monticello is the only large restricted area in Muskogee.
Look at the class of homes. They all must be good in Monticc1lo.
Muskogee has long needed an exclusive residence section close in. which would
have all the modern conveniences. Where your neighbors could not build a
shack across the strett from your home.
Monticello fills this need. As it is close in and has the most beautiful elevations
in Muskogee.
Then too. it is being sold at prices which insure for the purchaser handsome profits.
You can build a home in Monticello. live in it for several years and sell it for a
good profit.
You can buy a lot in Monticello and double your money in a short time. There
is not a better investment in Muskogee.
The prices have not been raised notwithstanding all of this improvement has been
made. They will be raised soon.
You have the opportunity to get in on the ground floor. Why wait and pay more?
Put your savings in a lot and let Monticello double them for you.
Selling
Agency
W. R. EATON COMPANY
Office Turaer Hotel
Phone 179
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Muskogee Daily Phoenix (Muskogee, Oklahoma), Vol. 10, No. 272, Ed. 1 Sunday, November 5, 1911, newspaper, November 5, 1911; Muskogee, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metapth351519/m1/4/?q=hamilton+county: accessed June 26, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.