The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1910-07-24

when this five million dollars was
brought by the treasurer OF the state
| Of Oklahoma to this state and de-
posted in the various banks of this
state as provided in that section.
that these banks be required to pay
. per cent interest on monthly bal
auces of all deposits | made this
argument that while the members
of this board were honest, that the
responsibility rested upon the legis-
lature of the state TO conserve the
revenue that should arise from these
public school funds in the interest
| OF the school children of Oklahoma,
| and that while these men in whose
| hands this school fund was intrusted
might require these banks to pay
Interest on this money should they
fail to require it the legislature OF
Oklahoma would be responsible at
the bar of the citizenship of this
state for It's negligence to insert in
the act itself that these banks
should be required to pay 3 per
cent on this money. | further con-
tended that the failure to insert IN
the act the amount of interest re
Qulred would leave It in the power
of the board to be partial between
banking institutions. 1t would
leave it within their power to lei
| one bank have money at / per cent
another at >, another at and an.
other at per cent interest. and
while | believed as thoroughly as
anyone in the honesty and integrity
of every member on that board
yet | believed that the legislature
OF Oklahoma should show itself
worthy of the support of the citi.
zenship OF the state by legislative en-.
! nctment that should leave no oppor.
tunity for showing partiality between
Banking institutions as to this fund.
You know this is the bill on which
this matter arose. then why did you
make the false representation that
1t arose on the bank guaranty law?
You know that you fought my DO.
sition on this amendment, and by
your strength at that time YOU kill.
ec the amendment. And many Of
the leading members in the house
came TO me and told me that was
right on the proposition, but they
mated to vote against your steam
| roller brigade. The members OF the
mouse of representatives all well
Know that what l say in regard TO
this Is true. and they all know that
what you say in regard to this IS
talse' Now why did you make this
laise representation Was it that Won
/ We're ashamed to let the people of
the state know that you had fought
an amendment offered on the floor
OF the house of representatives. TO con-
serve the interest of the school
funds for the benefit Of the chill.
dren OF this state? Was it that Won
were ashamed for the people Of this
state to know that you had opposed
requiring by statute every barl;
which received these funds to nav
the same amount of interest? It was
IN this effort of yours that Won
charged me falsely with renresent.
ing a big bank in Muskogee. none
OF which did l then or at any time
rflor thereto, nor at any time since
represent In any capacity.
Gross Production Tax Bill.
In the gross production tax on oil
as to which you assault my position
Ike yourself l admit that l offered
amendments which everyone consid.
cred had a right to do, except YOU
ana the members of your steam
roller brigade. The record which
you censored and had made TO III
your own purposes will show that
voted for this bill as it passed the
mousse of representatives, Just as you
did, and you know that | voted for
IL and that no motion was made "a
reconsider You know at that time
that the bill provided for one-half ot
per cent gross production tax or
Oil. Mine and your vote appear in
the same column supporting this
measure. That bill went to the sen
ate in which body the amount was
changed from one-half of per cent
10 / per cent, and came back to tn,
house for ratification of the sen
ate amendments. You know the
truth is that I voted against the
ratification of the senate amend
ment. If it was right that pc,
cent should be the rate instead nj