The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1910-11-01

BIZ Chat he would consider II MORE
BUSINESS AND LESS POLITICS" %
retain this public building fund III Tho
banks at nominal rate Of interest
and pay some private corporation ex-
trayagant Sums for maintaining the
unfortunate. But on all these propo.
stions we emphatically differ from
Joe McNeal. The Democratic state
administration In the course Of three
years through It's legislature located
all the above new institutions, and II
may surprise Joe McNea to know that
practically all the Republican mem
bers Of both the House and the Senate
voted Ia favor of locating and build.
Ing these new institutions, The ave
hundred seyenty.four thousand dollars
public building money found by the
new state government IN the Joe Me,
Neal string OF banks was drawn out
and invested In these new buildings.
The additional sum Of perhaps tNO
hundred sixty thousand dollars OF rent.
ais on public building lands siuqc
statehood has also gone into new
buildings and 10 cover the rymalul'
er Of the cost of an these new Duilu-
ings and grounds. Tie state authorized
the sale OF certain public building
lands, and as these lands are sold
on long time payments the state auth.
orized the issue and sale OF five per
cent public building warrants SUN.
cient to cover the remainder of the
cost of public buildings Az the time
this authority was given by the legls.
latrrG they authorized a maximum is-
sue Of building warrants Of two mil
lion, twenty-five thousand dollars, but
the contract price OF all these public
buildings shows lis that the total
amount of public building warrants
that Will be issued is one million. two
hundred twentyslx thousand dollars.
These warrants are not charge
against the state. they are not a debt
for tho tax payers to pay, not one cent
OF them II is stipulated IN the war
rant itself that It's payment will be
made out OF the rentals or sale Of
public building lands.
The public building lands were ap-
praised at about four million four hun
dred thousand dollars, but up to date
onc.third of these lands have been
sold at such an increase above the
appraised value that Il Is apparent
that the state will have a total public
building fund of nearly six million
dollars, clearly indicating that after
nll OF the public building warrants is
sued to pay for the completion of all
OF the buildings heretofore provided
for are retired there viii be Il surplus
in the public building fund of at least
four and a half million dollars or more.
And as the state will not likely need
much additional building for many
years TO come. this fund will produce
an annual interest income large
enough to maintain all the public
buildings of the state for years to
come without drawing upon the prin.
cipal. This is what we call more busl-
ness and less politics. We cam say
what Joe McNeal would call II.
The people are entitled TO know the
great embarrassment their state OIL.
GERS have labored under In financing
these public buildings as from the day
the work started Mr.. McNeal's corpor-
alton press bureau at Guthrie have
elandered and assaied the credit Of
oklahoma every day In the year.
Think of It. reader. there was about
one and onefourth million dollars Of
public building warrants being Issued
with land to back them appraised az
over four million dollers and bringing
in about one hundred fifty thousand
dollars a year rent. thus making these
public building warrants a first class
security large insurance company
OF the east was considering the taking
Of the entire issue when the agent
wrote us that owing to the statement
OF tho Guthrie State Capital IN sub
stance that these public building war
rants we're Wild cat securities, not
worth the paper they were printed on,
that the board OF trustees Thought best
not TO risk the Investment. Think of
e. reader, the MeNeal crowd was Will.
Ing TO slandsr. destroy and embarrass
their own state and then the word
came TO Us that the great corporate
interests had agreed that unless tho
State Of Oklahoma would make con-
eesslons demanded by them that they
would prevent our securing eastern
Investment IN these public building
warrants. Is 1t possible that embar-
RAISING, hindering and delaying prog
ress In his own state Is what Mr. Nc
Neal means by more BUSINESS
AND LESS PoLiTicSp We have
labored day and night to build up the
necessary institutions to educate our
young, care for our unfortunate and
detain and reform our prisoners. We
have done this in the face Of this un-
patriotic and contemp;lbIe slander ami
we submit 10 every honest citizen OF
Oxlahoma. regardless OF what his poll
tics may be, that We we're entitled 10
the aid and cooperation Of every
other citizen and that II ig but natural
that we resent the policies Of hose