The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-11-05
FIGHT OVER SCHOOL BONDS
SPENCER BANK SCENE or QUAR-.
REL-YoUNo TAKES HAND
ORDERS RETURN or PAPERS

worth Of school bsnds from the
Spencer bank at spencer, Okla,
early Tuesday afternoon, when VII
liam l.. bradford. owner OF the
warrants, and Porter n Morgan,
cauuscl {, l.. $. stone, one Of the
factors Of the banking institution,
u.adc q spectacular dash in an auto
mobile from spencer to oklahoma
city. while stone and Howard Rob
crts. president of the bank. engaged
m nsucufr exhibition Stone later
returned to Oklahoma city in Il bug
~. but was unmarked as result OF
,hc pugistic attitude said to have
been assumed by President Roberts.
Th, school warrants We're depci..
cd with the Spencer bank several
months ago by William l.. Bradt RI
\ bond iu the sum of $1,000 guaran.
t.cing their return November 3. was
signed by Stone and Roberts ard
another realty Owner.
Nth,ugh an of the parties to taa
affair refused {, be- interviewed yes.
lcr3ay T. developed that when Stone,
bradford and Porter II. Morgan ~
attorney of this city rushed mp 20.
the Spencer bank Tuesday afternoon
and demanded the surrender Of the
sohoJl warrants, quarrel between
stone aud Roberts ensued during
which Bradford secured the warran,3
and ia company with Attorney Nor.
gan red to this city. The bonds
were then turned over to Attorney
john H. Wright
Friends Ct Stone ana Roberts are
said to have separated the men. af.
ter which stone iourneyed back to
Oklahoma City and held confer
oncc with local attorneys
When consulted yesterday Bank
'.mmis i1ucr A. VI. Young ordered
/ the return of iho school warrants
to .Jo bank q, Spencer and suggest.
90 that friendly sui, be iustitu'.
I'd .o determine the ownership Of
'ur smo. Iuasmuch aa the deposit
OF the spencer bank are I'm o>ncss
oI S25ooo with @ small amour OF
liabilities. f. is MT believed that
any further action viii De taken by
Commissioner Young
ln commenting upon the clash be.
tween the spencer bank president
and T.. : stone last night, Bank
Commissioner Young said; The no..
turn OF the ,rho.l bonds to the bank
was suggested hy myself II there
.s any question about the ownership
of the same, ! hay" recommended
that court action De- commenced
10 determine the merits / say this
h-wcyor without questioning the
gight OF Mr. Bradford 10 the possess.
sion Of the warrants The Spence,
hanE Is in good condition and tho
dizlut. must not be construed as
having any effect upen its ability as
q banking institution"
Attorney John H. Wright yestcr-
day surrendered the bonds 10 Attor-
ney Porter II. Morgan 1t is under.
stood that the paper has been re-.
turned To the Spencer bank and that
action will be Instituted t-day or 10
morrow tending to determine the
owner of the bonds.
William L. Bradford claims hc
loaned the schcol bonds % the bank
srN Neral months ago and that upun
the expiration Of written agree.
ment, in April last. another contra rt
was entered into whereby the bond.
Bradford claims. were to be- return.
ed NCvcmbcr g. on that day a re-.
quest Tor the same was made ana
subsequent developments az the banI.
furnished excitement for the citizens
Of spencer, after which bradford ST..
cured possession e the same and
fastened 20 Oklahoma city. whi!n
L. ; stone ana Howard Roberts ar.
surG ,Hr question at the bank.
The Warrant. i'm question are tho.a
covering The equipment of gcho. Is fla
q number G.. districts I'm Oklahoma
They boa. dates In 1907 ana 1905.
and were loaned Ia taa Spengpr