The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1910-07-11
AVENUE FOR INVESTMENTS.

AVENUE FOR lNVES MEN D.
one of the really important Ques'
tions before the people of this state
one that means the progress OF the
country is the matter Of keeping Ok
lahoma money in Oklahoma In a
published statement signed by Cover
nor Haskell a plan Is set out in de-
tail for safe investments for private
funds and sinking funds of cities and
school districts. The interest paid
on these investments is satisfactory
and the security is abundant. Out
side bond buying companies viii not
make investments in these securities
for the reason that the state does not
guarantee the payment. However
every man living in Oklahoma will
know that payment is sufficiently
guaranteed by the public lands OF the
state.
The Oklahoman in commenting up
on the letter of Governor Haskell ad-
dressed to the people of the state,
says:
Governor Haskells plan to sell Ok
lahomas per cent public building
warrants to citizens of Oklahoma is
somewhat Of an innovation, but one
that should, under the circumstances,
meet the approval OF every resident
in the state.
The sale of the warrants was au-
thorized by the last legislature to Sc
cure Immediately the funds to com
plete the various public buildings that
are in process of erection or have
been authorized, the warrants To be
paid at stipulated periods from the
rentals and sale of public school lands
as payments for these lands are mace
to the state.
AS the governor has indicated,
these public building warrants bear
five per cent interest per annum, pay
able semi-annually and being free
from taxation are equivalent to about
seven and one-half per cent income
TO the purchasers of the warrants
II is readily understood by resi-
dents Of Oklahoma that the war,
rants are abundanty secured,
and the annual income from
the sale and rentals Of school lands
is more than sufficient to enable the
state to retire the warrants as they
fall due.
TO complete its institutions the
state needs to sell the unsold part
of $l.249,250 worth of these warrants,
which is an insi isnficant item when
compared to the great wealth of the
people of Oklahoma.
The governor has especially invited
boards OF county commissioners. city
authorities and school district boards,
which have accumulated sinking
funds for the future redemption Of
their outstanding bonds, TO follow the
provisions of the law by investing
such sinking funds in these public
building warrants, whereby these
sinking funds may earn the taxpayers
of the various communities five per
cent interest as well as absolute pro-
lection against any possible loss Of
such sinking fund, at the same time
observe the law and cooperating in
the upbuilding of the state and free.
ing 1t from dependence upon financial
interests that too frequently demand
toll in the form of special privileges
that are detrimental TO the popular
welfare.
The annual payment OF principal
and interest on these warrants. be.
ginning May /. 1912. will amount to
Sl37462, which is protected by the
annual income from the sale. rentals
and interest from public school lands
amounting to s214613, showing that
the estimates are absolute and devoid
OF any speculative character.
Not only should this appeal as a
good and safe investment opportunity,
but 1t is the opening wedge of move
ment for the keeping OF Oklahoma
money in Oklahoma and taking care