The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1913-06-24
.R|NGL|NG SUBMITS
NEW PROPOSITION
ASKS FOR EXTENSION OF TIME
AND AGREES TO BEGIN WORK
ON FIRST 25 MILES AT ONCE.

Yesterday afternoon the members
of the bonus committee of the Ring
ling road met John Ringing at the
office of Charles Won Weise for the
purpose of hearing his proposition
relative to immediate construction
of the road. Mr.. Ringing is here
for the purpose of asking an extern
sion of time, giving as his reason
that the present financial condition
of the country was such as to make
it impossible to finance the road
have it completed within the time
limit. He agreed that if the time
asked for was granted by the COM
mittee that he would personally con-
struct % miles of the road beginning
at Ardmore and running westward
and that the contracts would be let
within three days after the extension
was granted and would be in opera
tlon by Jan. list, 1914 He further
agreed to accept the bonus in two
payments instead of one as the
original contract calls for. In other
words, when he had % miles of the
road built and in operation, the COM
mittee turn over to him $25, 900 of the
sum subscribed, and by the first of
January, 1915, or when he had the
road built to the Rock Island, the
$25,00O was to be paid. AS
a guarantee of good faith upon his
lart he stated that he would deposit
$4,000 in the banks of Ardmore as
a forfeit in case he failed to comply
with his part of the contract.
Tphe ten members of the committee
who met yesterday agreed to accept
his proposition provided the signers
of the notes would resubscribe their
donations to the bonus fund, the
same to be made in the form of two
notes, one payable Jan. 1st, 1914,
and the other Jan. 1st. 1915, condi-
tions as stated above that the road
be completed and in operation.
If his proposition is accepted Ring
ing stated that the profiles, estimates,
ETC. would be submitted to contract
0rs within three days after the change
was accepted with the stipulation that
actual work would begin on the
first % miles of the road not later
han July 1st, or as soon as the |
could get the signers Of
he notes together and agree to the !
change proposed.
A mass meeting of all who are in !
-erested in this proposition will be
held at the Royal theater this after
noon and the matter put up to the
signers of the bonus notes for their
and see if they will be
willing to accept the terms proposed |
Mr.. Ringing stated that if the peo-
pie would not accept his proposition /
for the committee to file their expense
account with him for the amount
they have been out in this propo-
sition and he would settlean d with
draw from the field. He further
stated that he had already let tn .
contract for the steel and ties to he |.
delivered at Ardmore upon receipt
Of his order.
The members of the bonus com
mite stated yesterday that they
Mr. Ringling's proposition
a good one, that it assured immediate .
of 25 miles of road west
from the city and granted an exten-
sion of time in which to pay the
bonus subscribed inasmuch as it
called for two payments instead Of
)ne. The committee as a whole were
positive that subscribers will agree
o the terms asked, but as they are
widely scattered, want time in which
o see them and have them execute
new notes.