The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1910-04-19


say ten per cent interest the people
would be losing the six per cent up
on the warrants outstanding while he
and his associates would be gamers
seven per cent interest, OF the DIFF
ference between three per cent, the
states charge for the deposit, ana The
amount at which they loaned this
sum. A uniform deposit in such al
institution Of million dollars fol
four years, reaping net profit o.
seven per cent interest, would make
two hundred and eighty thousand dol
lars, a snug sum to be divided up be
tween the state treasurer and his as
sociates or relatives.
Loaning The School Funds.
In line with broad public policy
and consonant to the spirit Of the
constitutional provision authorizing tht
Joan of the school funds upon improv
ed farm real estate, my constructor
is that these funds were intended tc
be loaned only to men desiring to
improve their home or buy one.
should therefore rigidly adhere to the
4 rule Of never loaning this class oi
funds to any land speculator or to
any money lender, bank or trust
company which borrowing the sun
would take advantage OF five per
cent loan and speculate upon the
funds at higher rate to which the
people are entitled as they are not
enabled TO go into the money market
and borrow money at low rates OF
interest should use every power OF
the state government consonant with
the protection Of these funds and the
preservation OF the states credit to.
ward encouraging home owner
ship and the acquiring of homes by
the homeless; and can conceive OF
no policy more derogatory to this
principle than the loan of these funds
to land spectators, pubnc officers
with political pull or to money lend
ers, and II elected this shall never
be done II the people elect the other
state officers wac constitute the
Board Of Land Commissioners, hold
ing a like policy-I do not mean by
word loan" to refuse to deposit these
funds in banks pending the loanin8
Of them
What OF country though pillowed
with mountains of gold and wealth,
but with despairing gloom of ruinef
homes and hopes? Under such a law
OF balances there are no compensa'
tions. Better far leave those homes
and hopes stripped of that gold-ot
all luxury and wealth.
Public Fund Deposits To Draw Inter.
est.
A law should be passed whereby
deposits OF public funds of every ma
ture for any length of time should
bear interest. | am informed that in
4 one Of our greatest cities the treas
/ urer OF the school board is in one
]
i in another. One Is a democrat, the
other republican, and It is suggest
ed that these men combine issues to
the extent Of never fighting one an.
other so that the public funds may
i find deposit In their respective banks
free of interest while on such deposit.
Whereas, 1t is estimated that II they
were compelled to bear rate OF two
and one half per cent as is paid to
1 the county and three as is paid to the
! state, these respective districts would
have added In the nature OF interest
not less than $4,000 which now goes
into the Golfers of the snap bankers
/ who hold these official positions.
Good Men to Office Urged.
/ can not too strongly urge on the
people of Oklahoma the necessity OF
( electing good officers from governor
down to constable. Indeed, for the
most part high taxes are rather local
and are assessed for schools, town
ship. and county government rather
than for the state. showing as great
+ necessity for having honest, capable
and fearless men for county and town
ship officers, especially county commits
sioners and tax leyying boards, as
it is to elect the proper man for gov
ernor Of the state. The first quality
4 10 kA fr an thnpn nff
+ Is honesty and character. No man
should be nominated and elected to
public office, from the highest to tho
lowest, whose character is so disre-
putable that you wouldn't invite him
to your own home and so dependent
are the various officers,precinct, coun
ty, and state. their official duties so
interwoven, as to make 1t important
for the election of good men for all
places.
II you nominate and elect me gov
ernor especially desire that you take
the pains to elect all other officers
with greatest care. Select with es-
pecial care the state officers who
will serve as members of the boards
! of which | will be a member
to-wlt: The School Land Board, the
Banking Board, the Board OF Pardons
Board of Education, and in TACT all
others. The members OF the legfsla'
ture OF both House and Senate should
be not only honest men but capable