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4 The Commoner.
"Paid in Full" An Oklahoma Incident
VOLUME ! Ji, NUMBER 23
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Guthrie, Okla., Juno 2. Reader did you
ovor see a notice .llko the above posted on the
door of any "busted" bank. No, you never did,
until this one. This is an exact photograph of
tho notico which the Oklahoma state bank com
missioner, in pursuanco of tho laws of Okla
homa, posted on tho door of tho International
Bank of Coalgato, Oklahoma. By tho end of
tho second day tho depositors had all proved
their claims and received their money, except
a fow who lived from six to fourteen miles from
town, and whoso chocks wore made out and loft
in tho hands of another bank to bo delivered
w.hen it was convenient for tho owners to call
for them.
Tho statement made by tho bank commis
sioner to tho state banking board, was as fol
lows: Tho International Bank of Coalgate was
closed because its active managing offlcors had
violated tho state law by borrowing the fol-.
lowing sums, principal and interest: The presi
dent, $7,067; tho cashier, $4,614.
Tho bank commissioner, assembled tho board
oj, directors, and demanded that this borrowed
money bo replaced which, ,ftor a reasonable time
given, they failed to do. Had this money been
replaced, these two ofllcers would have been re
moved, and tho board of diroctors might have
elected new ofllcers, and tho bank continued in
oporation. On account of tho failure to . re
place tho money, tho bank commissioner closed
the bank at 2:15 p. m., and posted on. the door
the above notice.
The bank commissioner found that the de
posits wore $36,744.93; that there was cash on
hand, $9,574.67; due from other banks
$7,564.03, .-.".'
Thursday afternoon, ' Friday and Saturday
STUFF THAT MAKES TARIFF PROSPERITY
r A,morlcan Economist," official organ
of the American Protective Tariff League, says:
On tho record of the Dingley tariff law
tho republic party won a great national vic
tory in 1900 and again in 1904."
It will be cheerfully admitted that the
American Economist's statement as abovo quoted
contains fully as much truth as its other state
ments to the effect that tho same tariff which
makes American wool higher in price by pre
venting competition also makes manufactured
woolens cheaper by stimulating competition
just as much truth, and no more.
. TA10 American Economist evidently forgets
that the elections of 1900 and 1904 are so
recent that men who voted at the first one can
very well remember both.
.; IN 1008
Following is an extract from an editorial
written by Henry Watterson for tho Louisville
Courier-Journal: vmo
m i"?,uLth?ro is that whIcn Is stronger than
tho individual proforonco for Mr. Bryandeeper
than personal sympathy and sentiment tho
conviction that he stands for something other
55?VOC0l Iomlses working their ends
through the arts of expediency laid in dicker and
barter; that ho means something not embraced
by private arrangement, reached in dark and
distant places; that his very simplicity and lack
of prudence give tho people guarantees that he
sufficed to completely liquidate tho affairs of the ""
bank so far as proving and paying depositors
was concerned. Tho bank commissioner drew
on the state guaranty fund for $24,843.73 to
furnish additional cash necessary to pay all de
positors. The remaining amount duo from other
banks, and paper readily collectable, the stato
guaranty fund will bo replaced within thirty
days. Therefore, no assessment on the secured
banks is required.
Tho bank commissioner had the two offend
ing ofllcers arrested; they are now out on bond
awaiting trial. It is the. opinion of tho bank
commissioner that after reimbursing the guar
antee fund, the final liquidation of tlxe bank's
assets will pay the stockholders about fifty cents
on the dollar.
Tho benefit of the Oklahoma banking, law, .
in its regulation and close inspection of secured
banks, is fully demonstrated in this case. These
bank ofllcers had borrowed about thirty per
cent of all tho deposits the bank had. If they
had been permitted, to continue this kind of
business under the old law unUl the bank fell
of Its own weakness, the depositors would prob
ably not have gotten twenty-five cents on 'the'
dollar, but by prompt enforcement of the new
law, the depositors got all their money, and
even tho stockholders will get at least -fifty
cents on the dollar.
Crooked banking in Oklahoma is not tol
erated a single day after it is discovered, and!
tho vigilance of the stato banking department,
as required by law, does no permit any viola
tions of the law to continue long enough to re
duce the bank's assets low enough to make per
manent losses from the guaranty fund even prob
able. OKLAHOMAN.
can not bo cajoled or bought or bullied, but
may be relied on to set his face against low
politics and high finance, sending the Belmonts
and the Ryans of democracy to keep company
with tho Harrimans and the Morgans of re
publicanism. "New York City has grown somewhat caviar
to good men, whether they be republicans or
domocrats. Tho real line separating Ryan the
alleged democrat hailing from Virginia and
Morgan, an alleged republican, hailing from
London, as well as New York they are asso
ciated in a gigantic community of Interest the
real line separating Harriman, the alleged re
publican, and Belmont, an alleged democrat is
invisible to any public gaze. None of them
whether calling himself a democrat or a renub
llcan would o satisfied with a president not at
all times accessible to him. We shall never have
an end of syndicated government until an end
is had of his tainted influence, until the Mor
gans and tho Belmonts, the Ryans and the Har
rimans are led clearly to understand that they
can nbt name tho candidates of both parties and
so buy tho elections each way, coming and Koin
until they are given to know thei? Xct and
madoto find it in tho rear. P
'This is to bo the paramount Issue in tho
campaign. Predatory wealth still seeking-to
rule the trust-breeding tariff behind it the
scTndaTs theatSrCnJH0om GXPT? by the Insurant
scandals, the traction scandals, and the procla-
oStata New1 YoT1 t0 baik it8 eandEs,
tor them vJt 1nWiBi5p0P8 to on-grind
ioi tnem Taft, the middleman and make-believe,
already chosen for the one part?-whS
could we do with a nominee under, the smallest
suspicion, or in tho least degree equivocal? Wo
could do nothing. The case on its face shown
for itself.
"These men plainly tell us that if we nom
inate Bryan they won't give us a cent. They
are supported by a local press, standing for
little else than corporate wealth, knowing noth
ing of the country at large, not caring for any
thing outside the confines of dollar-grubbing
sky-scraping provincialism of big houses and
little men whose business has grown as cor
rupt as its society, and whoso politics is more
corrupt than either. They insult decent people
alike by their effrontery and their money. They
furnish so many additional reasons for declaring
that upon a straight issue between the republic
and the plutocracy, we shall stand for the re
public. "In short and in fine, gentlemen of the
east, if you are resolved to have It so, we havo
come to a parting of the ways!"
w gfi to
CIVILIZING JOURNALISM
(Harper's Weekly, "a journal of civiliza
tion, according to its own explanation for its
existence, is edited by George B. M. Harvey and
supposed to be owned by J. Pierpont Morgan.
Recently Editor Harvey has reprinted several
poetical selections from The Commoner and
commented thereon in a manner calculated to
please the owner, if not the readers, of the
Weekly. Below will be found a verse or two
which Colonel Harvey may reprint and comment
upon at his leisure. Mr. Kipling will pliase ac
cept advance apologies.)
"Now what shall I be writing 'bout?" asked
Harvey-on-parade.
"You'll write about 'steen columns, George," the
genial foreman said. '
'And what shall- be my subject, pray?" said
Harvey-on-parade.
"Just ask J. Pierpont Morgan, George," the
genial foreman said. :'.'
'For Pierpont owns1 tho Weekly,' George so
watch what'you're about;
You've got to keep real busy,' pulling Morgan
chestnuts out; ' - r .
S d2?Iii TSSt! tIn!0 ' ftWi GebrW;' 'for
special interests shout, '' f' ' ' .'
Or you'll awaken jobless in flfcj -mornipg."
"There's wrong that should be righted now,"
said Harvey-on-parade.
"You keep a watchin' Morgan, George," the
genial foreman said.
"But what about my conscience, bo?" said
Harvey-on-parade.
0, Morgan will look out for that," the genial
foreman said. b U1
"He's invested of his money in this literary dope;
It's up to you for slingih' out tho Sly-tickle
soap; lr J -"""o
So chloroform your conscience and get! busy on
the lope,
Or you'll be on the carpet in tho morning."
"A civilizing journal this," said Harvey-on
parade. J
"That's just a bit o' 'bull con,' Georce " the
genial foreman said. eorge, the
"I deprecate your language, friend," said
Harvey-on-parade.
"' raid editorially'" the genial foreman
"YUizSn"biz-Se befre the PUbIiC n thIs civiI"
BUt VetSJ hte-PayS hlS mney yU CaU bet he'B
So grab your pencil, Georgie, and just make tho
language whiz,
Or you'll be on the carpet in the morning."
KTJDLING RJPYARD. .
JAMES K. JONES
fnr ? ?iteai!y Washington correspondent
for tho Louisville Courier-Journal navs this
tender tribute to the late James K? JoS "A
better democrat or man more devoted to his
party and its principles never lived than James
Kimbrough Jones, In tho harsh criticism of his
rainbow chasing,' and the many keen and un
kind jibes and thrusts of the opposition press
?nLi8 1manaeeme1nt of the two. Bryan cam
paigns, ho made absolutely no reply. They may
2w i!"1? PS ol man' but in the knowledge
that he liad done his duty as a man, a patriot,
and a democrat, ho let them rail and snarl."