The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1910-10-31

lne DeAl Oi nc argument
And further. the Enabling Act
passed by Congrsss. and our state
laws. require The apprsisements uu.
der siate government 10 be made by q
hoard OF three, TWO Of whom must be
actual farmers, whereas, the lerritor
ial Law permitted and the actual prac-
tice MAS, 10 use one appraiser only
whose only qualification was that he
was political hustler; not neces'
sary that he knew anything about
the value of farm land, just so he
could favor political henchmen, and
punish the non-partisan farmer.
But don't Fors.at this, Mr.. Reader,
every year st 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 uoV,
ernment ever produced out Of identi'
csliy the same number Of acres Of
oommon school land.
Five Million Dollar Fund.
Hon. Bird McGuire. on the twenty
seventh day OF September, in speech
al WelIston, Lincoln County, and Joe
McNeal. in several speeches in his
campaign, have said thai The Ave mil
lion dollar permanent school fund
had been lost OF stolen and no record
-of II could be found.
We say that both these men knew
their statements W be false when they
made them. There ara public records
of this money open every week day
Of the year Except holidays, to any
one who cares 10 look al the records.
Below is ths report up 20 the thirty
first day or 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 where a county took
money on their current expense bonds,
as forty-fiye OF the new counties did
In order TO pay current expenses nn-
til they would levy and collect tax
moneys, that sum would be deducted
from The amount apportioned to such
county The people Of about Fifty
counties out OF total Of seventy
seven counties OF the entire state have
gotten the entire apportionment due
them and the people OF the remaining
counties are borrowing their amounts
in the shape Of farm loans At the rate
Of from twelve 10 sixteen thousand
dollars per week, 20 that the entire
amount will soon be invested.
All OF the investments bear the uni
form rate Of Ave per cent interest.
6ia Interest Joe McNesi complains
because The farmers got these loans
al FIVE per cent interest.
We say the low interest rate aids
aud encourages our farmers and fur
nishes competition that reduces the
rate Of interest demanded BY private
farm mortgage money lenders, hence
results in great benefit instead of
a loss 70 the state.
Remember this, reader, money talks,
and the fact being thai we got the
school children more money Out OF the
land rentals and that we conduct
tile farm mortgage department a.
lower rate OF cost than any Of the
private farm mortgage companies
speaks for itself
False statements from Joe McNeal,
Bird MeGuire, and the corporation
press bureau must fall NAT as long as
school children get more money our
OF dentlcally the same land than the
old carpet bag gang ever gave them in
any year Of territorial government.
Read the official statement
Statement Of Permanent Common
School Fund UP To and Includ-
ing August 3ist 1910.
Receipts to credit OF Fund
Received from Y $ Treas
urer .. $5,0oo,oeo.ot %
Received from Z. $. Treas
urer. account Of Sales
Of Homestead Lands Sy.6t3.s5
Received from sale OF
Common School lndem-
entity Lands .......... S6,l9s.s5
Total ......s..,.. 7a,ota,S5 5i.os
Disbursement OF Fund
Loaned TO IS Counties ON
Current Expense Bonds
per cent l.s........ 81, ,e9t 5ee.eu
Invested ia Public Bnild-
ing Bonds 5 per cent poiNVV.ee
Loaned to 1882 farmers
on Farm Mortgages
. per cent? . s,zlo.2s7.ss
Balance Of Fund on hand.
deposited in log banks, all
in Oklahoma ......... s75,s3s.61
e, -. !. y ~.