The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1898-12-08

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complex and laborious duties inclden
so HIS vocation.
NATIONAL EVENTS.
Events CT more than n.tlonal i'm
portsnce have tr9n-iared since we las
met without special preparation 70
war nor contemplating any lmmediat
necessity for an unusual contlngeuc,
our people were confronted with "A con
diuon Of affairs requiring calm con
federation and the wiscst counsel tha
our dignity might be maintained ant
the important questions SO suddenl,
and imperatively demanding solution
be wisely considered.
That we became Involved in war wa.
rather tho result Of a combination OF
circumstances as remarkable ns thos,
which continually presented themsel.
YES curing the uerlod Of hostunies
and which 80 mira, clously bed us IL
a wider usefulness as a nation and Il
a victory that astonished the world --
IOld dogmas and theories concerning
territorial expansion hithereto so rev
erentally regarded, became matters OF
small moment compared to the newer
problems, the consideration Of which
had not been anticipated
Notwithstanding our long boasted
superiority as nation. the achieve
ments SO wonderfully wrought were
no more surprising to others than TO
ourselves, not only in conquest abroad
but in the requirements of the occasion
at home.
THAT POPULAR LOAN.
To prepare for SO unexpected and un
usual expenditure an experiment OF
offering 70 the public 500 900. coo OF
government bonds was made. so that
in every respect it might be a popu-
lar loan Noted hnanciers predicted a
failure. but to the surprise OF all sub
Iscripuons were made for several times
the amount ---more than 500 600 900 OF
the loan went to 1900 persons each
of whom subscribed for $500. or at
leatst we are told that II the United
states had accepted in currency, all
the subscriptions made, che treasury
would have absorbed sevetn ninths Of
all the money In circulation in the
country, and II the number Of persons
who subscribed for bonds were stand
ing side by side they would form a
line one hundred and twenty miles
long. almost every occurance has sim
ilarly illustrated how little conception
we had OF our resources and capabn-
tiles.
Disaster to momentary interests was
predicted and We are astonished that
since hostilites were declared sl65
100000 have been expended, or 81 900.
GOO per day in addition to the ordinary
expenses Of the government, and no
IN financial circles has re-
suited. on the contrary the gold re-
serve Ca matter OF much importance
and general interest a few vcls ago
and which We have learned To regard
as an indicator Of pUhlic c5nhdenoe)
has regardless OF hose unusual de.
mands in creased t2C 190, O0) since april
3, 1898 at which time tho then high
water mark had been reached Depos-
"a in the banks Of the country are now
greater than at any time I'm It's his.
tory our merchantable commodities
are more In demand abroad ana con
iequently our exports arc larger than
ever before and all indications be
speak continued National Prosperity.
oKLAHOMA's PROSPERITY:
As community Oklahoma rejolces
with the nation, having reason to be
grateful for the opportunity 20 con
tribute her share, not only by repre-
ientatives enrolled In the Rough Rid |
'rs' whose achievements at San Juan
Heights are historical but in the ship |
nent of wheat, corn, cotton cattle and
hogs that have gone 10 help feed and
,lothe our armies.
Another bountifui harvest has been
sarnered, the returns from which ad IS
largely To the wealth Of the territory
When the people are prosperous our
business prospers, Notwithstanding the
often repeated assertion that the con-
trary is true.
without amy material increase In iLe
banking facilities the deposits In ths
territorial banks as shown by the re-
ports OF the bank examiner were IN
creased from Sl.i99 .l9e 90, July 18. 1897
TO s., $50 is5ls, June 80, 1898 at which
date the report further states. that not
a bank in the territory carried a re-.
discount. In addition 70 this the six
National banks In the territory shovel
hy their statements May g. 1893 an ar
sreEate deposit OF sIa.7 s93.6I with . .
same showing OF re discounts as the
territorial banks. Undoubtedly a large
la.'3se Of busll 1s may
be shown al the same tlme.
The settlement ana subsequent
growth Of ou- territory has indeed
been remarkable lts material prosper
ity has exceeded an expectations. tho