The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1905-12-11
Mr.. eAimes assloNss.
ccontinued nom page II

O. How did you learn that It vas
to be issacd to yoG7
A. From Jenkins.
q In a conversation with him?
A. That matter came about like
this: Governor jenkins came up to
my office and used substantially this
language: do ycu think there would
be anything wrong in my owning part
Of that sanitarium stock9o and ! ans
wered, and said in answering the ques-
tion that I thought there would be
nothing wrong in It, but I thought he
would be severely criticised for owning
It, He then asked me II would loan
him the money TO pay for It, and said
would. And we made an arrange.
ment whereby the stock would be is.
sued in my rame and was to give a
contract that when he paid back the
five thousand dollars. with ten per
cent interest, would deliver It to him
on his order.
Q. Did you take any security.
A. had the stock.
@. eHld it as security
It Paid so Per cent-Then Some.
A. Yes. sir had Investigated the
matter with Cottingham sufficiently to
satisfy me that it would pay at least
fifty per cent per annum on the invest.
ment, and thought there could be no
risk whatever on loaning the money
on it at par, ON an investment that
would pay that per cent
Q. You learned that from Cottlng.
ham?
A. Yes, sir. He explained what the
property there had cost and the cost
of keeping the inmates there under
Threadgill administration, and what
the contact was with the governor,
and It wocid show on the face Of It
more than fifty per cent, so that It was
practically certainty that It would
pay at least fifty per cent on the In.
yestment.
Q. You made that investigation be.
fore you took the stock?
A. Yes. sir.
Mr.. champlain Figured Some.
Q. By Champlain: That would be
more than fifty per cent Of the cost;
there was fifty thousand stock, and
only twenty-five thousand cost, paid up.
A. It was showed to me where it
would pay twenty-five thousand per
year.
Q. That would be one hundred per
cent on the Investment?
A. Yes, sir; but making allowance
for any loss or anything that might
harpcn 1t ought TO pay fifty per cent.
By strang:
Q. You spoke of the contact?
A. Yes, sir.
q. What contract?
A. The contract set forth, or the
terms Of agreement, between the gov
ernor and myself.
Q. Have you that contract?
A. have letter press copy OF 1t.
Q. BY Decker; This is the contract
between Governor Jenkins and your.
self for this ten thousand dollars
worth Of stock?
A. Yes. sir It has nothing to do
with the contract of the company and
the governor, Jenkins. / tore this out
Of the letter press.
Q. Just read It.
The Famous Memo"
A. (Reading) June 1st 1901; mem.
orandum Of terms Of agreement be.
tween w NJ. jenkins, Of the first part,
and J. w. McNeal, of the second part
relative to the purchase and transfer
of one hundred shares OF the capital
stock OF the Oklahoma sanitarlum com
pany. The party OF the first part Is to
have the option Of purchasing and pay
ing for said one hundred shares at any
time during the next two years, for the
sum Of five thousand dollars. and 10.
terest at ten per cent from this date
said purchase price to be credited with
any dividends hereafter paid by said
company and retained by said McNeaL
Should any dividends be declalesd by
said company during the time above
mentioned in this option equal to ten
per cent per annum CThere IS a little
corner not very plain here) That evl.
d9ntly means, amount equal to the
principal and ten per cent per annum.
This says here that interest shall be
paid by party OF the first part. This Is
a little indistinct Evidently tho idea
TOO MUCH MEDICINE.
THE excessive and lndlserinlnats