The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1910-01-27
PREDICTS DECLINE IN
SPECULATIVE VALUES
Admission Comes in Prolonged
Debate Over DEMONS Public
Land Sale Bill

That speculative values adjacent 10
Oklahoma City are higher now sthan
they will probably be twenty-five
years hence, was the statement ol
Senator Stafford OF that city. on the
floor of the senate yesterday after
noon, during the long discussion over
the Denton bill for setting aside GER
tain public lands in Greer county Tor
public buildings.
Senator Stafford led the fight on
the bill, and Senator Morris who look
prominent part in defending H.. ac-
cused the Oklahoma City senator OF
acting selfishly, telling him he was
enthusiastic enough for A bill some
days back to sell school lands ada
cent TO cities, since there We're some
t.acts next TO Oklahoma City that
they wanted sold. but that he now
opposed the sale OF lands in Greer
county, where he had no interest.
Stafford Backs Water.
Senator Stafford defended his po-
sition by saying that he wanted TO
get the highest price possible for The
lands adjacent TO his town, and that
he thought they would bring better
prices now than in future years.
Senator Morris asked if the boom
was bursting, and Senator Goulding
said that he could draw no other con-
cluson from Senator Stafford's re-
marks, other than that Oklahoma
City was ont OF the capital fight and
dhout next year would 90 TO the
eternal bowwows.
Senator Stafford said this was not
so, that he had not intended such
differences should be drawn, but that
all knew how speculative values soar
ed in boom time, not that he admit
ted that Oklahoma City had been
booming, and that a time would come
when this speculative value would
shrink and values become more set
He'd
Denton Explains the Bill
The debate started after Senator
Denton explained his bill He thought
it justified in part because the legis-
lainre In passing the school land b
last year, had thought il was In
Guiding the Greer county lands, but
did not. through difference in the
donating act, which was not observed
In the school land sale bill.
Senator Stafford, after stating that
there was no need Of additional pub
lie building funds, so far as he had
any information, and that the mat
ter should go over until the next leg
isature, and that he didn't believe
In putting useless money in the treas
ury, moved to indefinitely postpone.
A discussion OF several hours follow.
ed, which, in many instances depart
ed far from the bill under considera-
tion and became general In its ma
ture. Notably was This so when Sen
ator Billups attacked the adjustment
of appraisements Of the salable
school land sale bill of last year as
blot and when Senator Memminger
stated that the lessees were rDbbing
the state school lands of fifty per
cent, of their value. under the sale
now going on.
Land Sales Defended
Senator Eggerman defended the
school laud sales bill; also Senator
Morris, who confined his remarks
somewhat more 10 the bill al issue
Senator Blair favored the Denton
measure, and defended the schoo
land department in conducting the
land sales, and read from the Okla
| homan to prove that the state was
getting good prices. Senator Gould
ing favored the bill Senator Gun
ningham opposed 1t. Senator Rus
sell said he was in favor Of selling
all school lands, unless the state
needed them. which was the case
j here. He wanted the Greer county
! lands to be a permanent endowmen
! for consolidated rural high schools
+ Senator Billups advocated this also.
/ Senator Eggerman was very earn
est In his defense OF the school lane
/ department, in their conduct OF thu
selling Of lands. and Of the sale bill
/ Of last year. Don't be limiting ant
making reflections he said. If yol
know anything c iminal, come on
! like man and say go He said h
was In fagor OF homes for all
Senator Denton closed The argu
ment with n aenunciatlon OF the YER,
unjust and very narrow minded &C
cusaiions against the les sees that ha'
4 been made. he said.
1 A Confusion of Moions.
The senate becoming confused b
various motions being offered. Ser
/ afor stafford finally called for a vot
on his lonEpnt motion to indefinite
" postpone II was defeated. II I
| i2, and before further Argument owe
The bin could be taken up. the con
mi,tee Of the whole resolved iise
hack into the senate. as II was the
near 6 O'Clock
One feature Of the lone debni
which attracted comment was th
speech Of Senator Brownlee. Repu
lican who defended the school Ian
department. took the part Of the Ie
/ @orn orafcod fun rnvarfaf ~