The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1910-02-09
GUTHRIE WILL PLEDGE
100000 WORTH or STOCK
Business and Professional Men
viii Aid In Raising the
Stipulated Amount

Strong resolutions endorsing the
proposition submitted by the Mid
Continent Insurance company 10 the
chamber OF commerce for the immc'
dlate erection OF seyen-story. mod
ern office building on 4 site TO be se'
lected by the chamber Of commerce,
and urging every citizen 10 pun his
shoulder 10 the wheel and push the.
project TO completion with the end
in view that actual construction work
should commence within thirty days,
were adopted by the mass meeting
OF business and professional men
held in the city council chamber last
night,
One Brings Another.
M Wenberger made the positive
statement during the meeting that as
soon as the proposed building was
erected he could complete his neg0.
tlatons for the erection OF u sky
scraper on East Oklahoma avenue,
opposite tho Hotel lone.
+ y. Lille, vice president OF The
chamber of commerce, presiding over
the meeting. urged the importance OF
the insurance concerns proposition
to the capital city. He declared the
investment gilt edge, THAI the sloci
ought TO be easily subscribed. and
that The only thing lacking was the
unanimous action of the citizenship
Mayor Farquharson chairman oi
the chamber OF commerce committee
that investigated the financial condl
tlon OF the Muskogee company and
the ability and standing Of the Off
GERS, reported the proposition u good
one for The investor and that The
company was fully able 10 carry ou'
It's part. OF the agreement. lie stated
further that such conservative busl
ness men as Judge Dale, ] b.
Beadles and ]. w. McNeal had alst
investigated the proposition and en-
dorsed Il. Mayor FarQuharson alst
expressed his belief that the Mid
Continent company would eventual,
move it's state headquarters here.
Postmaster Mccoy, who was ;
member of the investigating commit
tee also spoke enthusiastically II
| favor OF the proposition, declarlnl
there was no question az 10 th'
soundness Of the investment. He dc
clared that moi dollar OF the none.
| subscribed would leave the city un
/ der the cont ract
The Proposition Explained
w. A. Coyey. who with r. Palmer
has been representing the lnsuranc
company IN It's negotiations with tn
chamber OF commerce. explained II
detail the proposition. II Is proposes
that Guthrie citizens subscribe sl00
! GOA worth OF the capital stock Of III
Mid-Coutnent, Life Insurance con
pany at 800 a share. The Mid-cor
tinent Life Insurance company obi
gates Itself 10 erect an Office buildln
In return, not less than FIVE storle
in height and 50ri40 feet. or seye
stories. 50x150 feet, tho 'o1ighly equlI
ped with modern conveniences an
in every respect up 10 date. The sil
Is 10 be- selected by Joint commiite
selected among the stock subscriber
by their vote and from the board {
directors Of the company, the obiet
being 10 choose one as nearly as po
,, sible centrally located.
Twenty per cent OF the stock SUI
: gcriplion IS 10 be paid upon the a
cepiance of the conditions drawn n
+ by Judge A. G. G Bierer Of Guthrl
+. by board OF directors OF the compan
I and balance al rate OF per cent
month, commencing when the actu
! work OF construction begins tt
i money IS 10 be deDosited IN a bar
!. mutually designated and expenses !
: cident 10 the building are 10 be d
J. frayed by checks payable only wh'
; approved BY the chairman OF Il
!, stockholders committee. As n furt
:. er safeguard and guarantee Of alb
i ny ard honesty In their propositi'
d to The city. Mr.. Covey, polHted o
}. that the s'3te jnspfance laws made
!. necessary for, tlr eGmpauy 70, ha'
n sfQ0,nfG ii convertible ,assels bcfo
X of 4hig characf6f fshd'1tf. GoSfy read
,lIQger lff3m lJnlsW Nc.Seal.. preside
/. Or re National rank OF CommerC
l. stating that he had already subscrl
!, ed $1,000 and was prepared TO
+ crease H. II necessary.
: Plan Is Favored.
~ Enthusiastic speeches we're ma'
z hv Horace speed NJ Weinberg
= Charley seely. Milton Brown. Or.
A. Hughes. I s, Shenrer. la
nauglag, ] n. Fairfield. John Go
:. be. " ", Carter. ed G. Peters
q snd ] ] Hourton. as to the imps
. sancc or tho citizens OF Guthrie ,
u eeptlng the pvonosi;lon and subscr
INK for the stock. Judge MIL