The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1901-03-01
COLONY OF 10000
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drst time any considerable part Of the
money paid 20 pensioners Of the civil
war was distributed IN the South. In
the Georgia enterprise shares sold for
$40 each and $4,000 acres Of land tgare
purchased. In the proposed Oklahoma
colony which viii be known as the
New Colony shares sell for s25 and
$1,000 acres win be acquired. The
pla1 for naming the streets has not
been announced In the Georgia town
the main business thoroughfare vas
Main street and popularity called the
Midway. The streets west Of Main
We're named after leading Confederate
generals. zee. Jackson, Longstreet.
Johnson, Gordon, Bragg, Hill. erc.
Those east Of Main were named for
Grant Sherman. Sheridan Thomas
and Logan.
Within one year after Fitzgerald
had been established a special charter
was granted It by the Georgia leglsla.
ture. permitting Il to establish a local
government A mayor and council
We're elected, and the company sur
rendered it's Jurisdiction aud became
a business corporation Ituring the
year the company spent more than a
million dollars ia public improve
ments. graded and stumped twelve
miles of streets, erected -rf rnain-
tanned two public schools The main
streets are 1875 feet wide with parks
IN the center The most conspicuous
new building eroted was a hotel which
represented an Investment Of 500 600
Before the town was six months old
it had erected huge temporary
structure. which was called the Corn
and Cotton Palace and here an ex-
position was given. Livery month
$4,000 came to the town in pensions
and three railroads were extended to
the new city to get share OF its busi-
ness. All this and more is promised
for the Oklahoma colony.
The promoters Of the Grand Army
colony in Georgia are said to have
made vast sums OF mony They sold
land to the colonists at the actual
cost to them Their profits came from
subsequent sales after hundreds of
ten and tweny acre farms had been
cultivated and thousands OF people
had built up a thriving city The
scale on which It is proposed to estab-
lish the Oklahoma colony win permit
OF even greater profits if it prove a
success. On the receipt which has
been given the purchasers Of S25 GER
tihcates is the authority to sell OF
transfer it at any time. The receipt
is In the following language;
Received of ---------- the sum OF
$50 ss payment upon his application
for one share Of said Investment stock
II is understood that for every S25 paid
in the company will issue one certih-
| thAc VI FAVNr " ht iHANNliitA ~ the
company from the sale of its city lots
and alternate land tracts; that one
half Of so per cent Of all money re-
eeiyed from such sales is to be set
aside for the payment Of said guaran-
teed preferred stock.
Stock certificates to be issued as
soon as the organization takes place
within a short time. Balance due to
be paid upon thirty dags' notice.
II the stock issued runs five years
the company will pay 500 for It, but
has the privilege Of calling it in at
any tiiAe,
Some of the farmers who had sub
scribed for stock in the Oklahoma
colonization scheme have become
anxious about their investment The
project has been more or less con
fused with the opening Of the Kiowa
and Comanche reservations The in
dications are that the Oklahoma col
onization scheme, If It proves sue
cessful, will be in full operation before
the indian lands are ready for settle
ment.