The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1910-10-31

Ant Utht ui inc dibuMtHl
And further, the Enabling Act
passed BY Congress, and our state
laws. require the appraisements un-
der state government to be made BY d
board OF three, two OF whom must DO
actual farmers, whereas. the terrltor-
lal law permitted. end theactuaI pfaca
tlce was. ID uae one appraiser only
whose only qualification was that be
was political hustleri not neces-
sary that he knew anything about
the value Of farm land, just 80 heI
could favor political henchmen, and
punish the nonpartlsan farmer
But don, sor et this, Mr.. Reader,
every year Of state government has
produced the school children OF this
state larger amount Of net cash from
the leasing Of common school land
than the best year of territorial gov
ernment ever produced out Of identl
caIiy the Same number Of acres of
common school land
Five Milton Dollar Fund.
Hon. Bird Mcclure, ON the twenty.
seventh day Of September, In a speech
at Wellston Lincoln County, and Joe
McNeal, in several speeches In his
campaign. have said that the five mil
lion dollar permanent school fund
had been lost or stolen and no record
OF It could be found.
We say that both these men knew
their statements TO be false when they
made them There are public records
OF this money open every week day
Of the year Except holidays). 70 any
one who cares to look at the records.
Below is the report up to the thirty
first day OF August. nineteen hundred
ten. When the management OF this
fund was first taken charge OF by the
state officers It was apportioned to
all the counties of the state, accord
ing to the agricultural population of
each county. and whore a county took
money on their current expense bonds,
rs ipINN-NNt VI Ait hVN NNtiit'o N'
In order TO pay current expenses nn'
iii they would levy and collect tax
moneys. that sum would be deducted
from the amount apportIoned to such
county. The people Of about llfly
counties out Of total Of seventy
seven counties OF the entire state have
gotten the entire apportlonment due
them and the people Of the remaining
counties are borrowing their amounts
I'm the shape Of farm loans at the rate
OF from twelve TO sixteen Thousand
dollars per week, so that the entire
amount will soon be invested.
All Of the investments bear the uni
form rate OF Ave per cent interest.
Blq Interest Joe McNeaI complains
because the farmers got these loan
at five per cent interest.
4 We say the low interest rate add
and encourages our farmers and fur
nishes competition that reduces th'
rate OF interest demanded by privat
farm mortgage money lenders, henc
results In u great benefit instead o
a loss to the state.
Remember this, reader, money talki
aud the fact being tkat we got IN
school children moro money out OF th
hand rentals and that we conduc
the farm mortgage department at
lower rate OF cost than any OF th
private farm mortgage companie
speaks for itself.
False statemef from Joe McNea
Bird Mcclure. and the corporation
press bureau must fall Hat as long 4
school children get more money ou
Of identically the same land than tn
/, old carpet bag gang ever gave them !
any year OF territorial government.
Read the official statement:
Statement OF "Permanent commo
School Fund" Up To and incIud.
ing August 3fst. 1910.
, Receipts to credit OF Fund
Received from U. 5. Treas.
urer ................ s5.oOO,OOOc
Received from u. s. Treas.
urer, account OF Sales
7 OF Homestead Lands. ss.s43s
Received from sale OF
Common School Indem-
e nifty Lands ........... ss,75s.s
L Total ............,5.o76.ss7.i
Disbursement OF Fund
9 Loaned 10 As Counties on
Current Expense Bonds
Is per cent? t)........t tl.ost.5OO.l
r Invested In Public Build ssr
o ing Bonds Is per cent. o5.OOO.l
!, Loaned to 1882 farmers
= on Farm Mortgages
i t5 per cenD.......... s.2io.261I
e Balance OF Fund on hand.
q deposited In 100 banks, all
,. in Oklahoma ......... s75.s3s.l
IOtal ...............-.s0 s0,ofo,5sI'
) We, s. W. STONE. Secretary. NJ
! RAY o. WEEMs, Accountant. do her
: by certify that the above statemer
: showing the condition Of the Perm
! nent Common School Fund" at clo'
! Of business August 0lst. 1919. is TT
!, and correct.
!. RAY o. WEEMS, 8. w. STONE,
: Accountant. secretar
! State OF Oklahoma. Logan County, "a
Personally appeared before me