The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1916-10-23
Shows in Dollars and Gents What Two
Wilson Administration Bills Have
Done for the Farmer
STREET FIGHT KNOCKS
BIG SIMPSON SPEECH
Deputy Sheriff Was AuctiOncer al Tuttle
Sale and Had to Settle Fight Finish
ing Sale Too Late for Meeting

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The principles Of Democracy and o
the acts which made the Democratic
administration famous were expound
ed in an address delivered Saturday
afternoon at Alex by Judge Davenport
The stirring words which awaited the
audience at futile from the lips OF
Oscar Simpson, however did not ma
tehalize. This was not due to any un-
preparedness on the part Of the Chick
asha attorney but to a fight which oc-
Cured at that place on Saturday dur
Ing the progress Of publ sale which
had been widely advertised and which
drew large crowd. In another col
umn is given the details of the attack
on Editor Hamrick- Deputy Sheriff
Dan Smell was the auctioneer at the
big sale and this had to halt until the
arrest Of the offending party was duly
made. BY the time the big crowd was
reassenlbled and the sale concluded it
was too late to hold the mass meet
ing.
"But everything out there is in good
shape" declared Mr.. Simpson today.
"The anti-Socialist lecture which the
people Of Tuttle enjoyed had a splen-
did effect and you do not find any
street corner Socialist speakers now
as was the custom for some weeks be-
fore their opponent arrived. The peo-
pie OF Tuttle wish they could have
Witcher with them every week"
Judge Davenport Speaks.
Judge R. E Davenport spoke to a
good crowd at Alex Saturday after
noon in spite Of a large sale which
was then in progress. He took up
first the income tax and discussed in
detail how the Democrats and Repub-
licans had voted on it, told the amour.
levied, and revenue yielded in the first
80 months that the law was in effect
Judge Davenport then took up the
federal reserve act. giving the vote Of
each party on the bill in the house
and senate. He then told Of the estah
lishment Of twelve banks with a min
imum capital OF s4,o0000O, all the ma
fiaGal 5gnks being required to sub
scribe one-sjAth OF the capital and sur
plus to establish these banks If this
Is not sufficient the stocks Of the
manks were to be opened to public
subscription and if this was not suffi-
cient after a certain length Of time
the United States government would
subscribe the balance,
He then took up the question Of ru-
raj credits showing the vote Of each
party in both the house and in the
senate. This provides for the estab-
lishment Of twelve land banks with a
capital Of s750,00a each II a man
should borrow $4,000 he would pay
SIS each six months and if he paid SO
on the principal he would pay it out
in Sc years. Money is loaned at from
5 to 40 years on land at minimum
rate Of five per cent. A maximum
loan is $4,000 and they loan to the
extent of so per cent Of the value Of
the land and 20 per cent Of the value
Of the improvements. The entire farm
loan debt is sS,5eS, 100000, loaned at
an average rate of 10 per cent. If all
this were borrowed at these banks it
would save the farmers $66,00O,000 per
annum.
Oklahoma's farm loan debt is sTS,-
coo, 900 at an average rate of S.4 per
cent.
In this connection Judge Davenport
took up the public school fund. The
public school fund had s5,O00.oO0 in
cash and land with an estimated value
of s4O,O00.oO0. They are now loaning
Sc 500. 600 on real estate at per cent.
This fund increases at the rate OF a
half million year. In 1906 the
amount of revenue derived from the
school land department was $225,94S
In 1916 it was $1.O97,17S.
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Mrs. Elmer Stone has returned from