The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1907-05-25
TOLD BY THE
BANKERS
Gsssiping Stories and Interviews
Gathering from he Visiiors

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bank Of Chiekaca, and now represent
ing chas. Hathaway & Co, Of the
same city, has great faith n our terri
tory
Il was through this section two
years ago. said Mr.. Mccarthy, "and
the progress made here since then is
simply phenomenal I believe the
new state Of Oklahoma has a great
future before it; that its resources
soil and geographical position justi-
fly the prediction that it viii easily
pay its expenses Of state government,
and win accumulate a surplus BE-
sides.
eThe banks are evidently in a
strong position, and have a very sat-
is factory line Of deposits. Whatever
funds they cannot loan to local busi-
ness men they are placing in COM
mercial paper. This is a good indi-
cation, since it means that they are
making headway over the early con-
ditions and are accumulating surplus
wealth"
In speaking Of banking conditions
6n Indian Territory, Frank Craig,
ex-president Of the OkIahoma-Indian
Territory Bankers association Of the
City National Bank Of McAlester,
said:
While banking conditions at pres
ent are very prosperous throughout
the Indian Territory. the business il
being overdone. Too many banks
are being organized, especially in the
smaller towns Not being enough
business to properly support all the
banks has engendered unhealthy CON-
petition, and has caused business to
bc done by many banks along lines
which, to say the least, is not con-
servative. ! fear a touch Of hard
times would hit some Of them pretty
hard"
E. W. Powers, cashier Of the First
National bank Of Cement, Okla, be-
lieves in the group system for bank
ers' associations.
"0ther states have The group sys-
tem," said Mr.. Powers, @and 1t has
invariably proven a srcessS There
is no reason, it seems y. ne, why
the Oklahoma bankers association
should not adopt this plan.
Several groups have been formed,
! am Independent Of the state organi-
zation.
by adopting the group system, the
Oklahoma bankers would have every
thing to gain and nothing 70 lose.
They would merely be following test
ed and proven methods. hope the
matter will be brought up for dis
cussion before the convention and
IaFofaDly acted upon.
sss
Il was here four years ago. re-
marked J. A. Dorsey, president Of
the Dorsey Printing Co, Of Dallas,
Texas, "and am greatly impressed
by the marked improvement that has
taken place since then. / think the
citizens Of the state are to be con-
graduated upon the present showing
and the future outlook for their part
Of the country
Dr. J. A. Sterrett, president Of tie
Eufaula National bank, and promi.
nently identified with the commercial
interests Of McAlester, ID stopping at
the New Early.
Or. Sterretts in speaking OF his
dealings with Indians, mentioned
their seeming lack Of understanding
regarding either legal or moral obIi-
cations.
ITO illustrate this fact" remarked
the doctor, 'let me relate one Of my
experiences.
4 loaned some money to 4 buck
named King, and took a mortgage on
certain property as security. When
his obligation matured he did not
show up. Meantime, learned he
had sold the property on which I held
. mortgage.
4 finally had to send out and have
him brought TO the Office.
"sae here, King" I said sternly,
you have not paid what you owe
me, and you have also sold the prop
erty on which ] have a mortgage.
What do you mean, anyway7s
Well answered the buck, Il tell
my squaw you have plenty money, !.
and she don't hurry It will be ali
right
7 roasted that Indian then from
. TO lizard. Il | overlooked any fine
point It was unintentional. wound
up by saying, King, / not onlv own