The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1912-07-11
Continued from Page One)

l Continued from Page One)
to the legislature with the recommen
, Gat.on that II accept the tendc'. make
: an Appropriation to go forward with
lthe work. and handle the entire pro
ject as state. Mr.. Jones submitted
this proposition to the State Cap
i,ol Building company and it was re-
tjected, hence it was never submitted
to the legislature and that body ad.
Ijourned with the capitol situation as
labove outlined.
The first of July of last year came,
land with it the blight of the drouth
that was felt in every quarter of the
state. oklahoma City experienced
its i'll effects as much as any other
1 community in the state. The result
was a universal tightening in credits
and practically a complete destruction
of the real estate market The Cap
! i'ol Development company found IT.
self unable to make its initial pay
ment of twenty-five thousand dollars,
end no serious effort was made to
place the lands upon the market.
Several months drifted by without
any payments being made, and con-
scquently nothing could be done look
ing to the erection of the building
1t was some time last fall that mem
bers of the State Capitol Building
company came to me and stated that
they We're willing to accept the prop
osition that | had made 10 them
through Mr.. Jones during the session
of the legislature. and asked if r.
would now accept that same PROPOSE
tion from them. | stated to them
tfat l had no authority to accept any
such proposition more than any other
citizen or the state | agreed with
them, however, that If they would pay
to me in cash the hundred thousand
collars. the amount of the bond, and
ceed TO me the six hundred fifty
acres OF land in trust, that | would I
accept the money and the deeds and
hold them in trust and submit the
matter to the legislature of the state
tor its ultimate approval or rejection |
Should the legislature approve the !
plan and accept the tender, the state
could then go forward with the erec- (
ton of the building Should the leg
islature decline to accept the propo.
sltion, the deeds were to be returned !
TO the State Capitol Building com
pany, and any part of the hundred |"
thousand dollars not expended would
also be returned to the State CapitoI
company.
agreed with the company that If J
/, was their desire that | proceed in :
The matter of the erection of the i
building to the extent that the hun :
ired thousand dollars would permit, {
hat ! would do so, but with the dis :
met understanding that whatever !
oss was entailed should the legisla-
ure fail to ratify the plan, would be 9
'orne by the Capitol Building com
any A contract of this effect was
rawn up, and in that contract it is
stipulated that nothing
one binds, nor does it attempt to
lnd the people of the state or the
oelslature thereof, and that what
Yer is done in this matter bv me is
one as an individual and as the
rustee of the State Capitol Building
ompany, and not in my official ca
acity.
Ihe proposition was accepted by
le State Capitol Building company.
nd 1t undertook to convey to me
eeds to the ESQ acres of land en-
raced in the original proposition. 1t
as tnen found that much of this
una was encumbered by mortgages;
saihst some of ii were tax deeds.
no that 1t was practically impossible
II the company to get perfect titles
all OF the lands. Then it was that
proposition was made to submit
her lands OF equal value for the
hu lhat could not be transferred.
sreed 10 accept lands OF euuaI vaIua
oVlded was permitted to select
g men to value the land that was
De substituted, and also the land
whlch the substitution was made.
selected to make this appraisement
= Johh X. Williams, secretary of
e school land board, and the three
I'D appraisers for the school land
paftment. They examined the lands
reinily and reported to me that the
lds proposed to be substituted were
more value than the lands excIud
IA order TO carry out the agreement
me state Capitol Building com
ny and enable il to turn over the
OOOOO in cash, the citizens of Ok
loma City, at a special election.
Ted bonds which were sold. from
lich the 100000 was realized. The
DV'VoO was paid by the city to the
a.e capitol Building company, aud
May Il, 1912. the 100000 was de
ered 10 me, together with deeds to
6oO acres of land This money
now on deposit in my name as
lstee IN three of the banks of Ok J