The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1917-02-24
HIGH INTEREST
RATE ANTICIPATED
C1nsaign Beng NlgsS Against PIaaiing
HzK and Dali Csliss Kkich VII
Rn Mutei fW Hsze Szpls

ft1rus1 from t1s cc1ve1r-c1 wE1c1 vas
held tha wssk AZ Mangzn b. Crop
~. ~ the state bankers zssocizrlon-
These were me security az financial
America ia ease d troubls with Ger
many and tae zbsol1te necessity o.
getting I'D al ne habit Of planting half
and kzlf cotton in Oklahoma Visions
Of hggnsr interest rates also looms On
the horizon
William FL DonAhue. active vice pres
l5ent q the Oklahoma National bank
ard neNiy elected secretary Of The
group for the coming year. reviewing
the session briefly said
~Ab0ut three hundred bankers we're
IN attendance a this meet including
ahYut fifty from Kansas City. Okl1h0-
ma City. yew York and & LoEis. The
entertainment Nas zrrAngsd on = high
order and more easily accomplished On
account cs il being a holiday. As u.s.
ual this gathering afforded the city
banker al opportunity to come out ia.
see how the country banker IS getting
along and gave the country banker
chance 70 get The city mans IDEAS.
higher Interest Rate.
The discussion On the probable Ell
fectz Of the disruption Of relations
nith Germany and on restricted com
merce resulting from unrestricted SUBJ
marine warfare we're most Interesting.
The general opinion vas expressed
that a higher Interest rate is about
due and present conditions would prob
ably result in some movement which
would tend to keep American products,
especially food. at home
Country is Sound.
+ The country generally, said Mr. Don
ahue. is in splendid condition finan-
clallY and as a consequences little ap-
prehension Is felt Due to precau-
tions taken some years ago there is
now little speculation among bankers.
an of whom are holding strong reserves
not ia anticipation Of any trouble but
In the interest Of general security.
The officers elected for the year at
Mangum were Z. b. Foster. OF Thorn
as. president: Bert Hudson. OF Tenn
pie. vice president; William H. D0na-
hue. og Chickasha, secretary. and w.
r. Clark. Of Apache. treasurer. Mr.
Clark is well known in Chickasha. hay-
ing founded the Bank Of Chickasha.
which later grew into the Oklahoma
National bank.
Mr. Donahue also attended the con-
venuon OF Group No. al Fl Reno yes
terday OF which group he was for sew
eral years secretary The Fl Reno
meet was an interesting one but the
attendance was much smaller than
that at Maugum
Thomas H. Dwyer PRESIDENT Of the
chiekasha National bank. also attend
ed both meetings
Mr.. Dwyer reported an attendance
from all over the western part Of the
country at the Mangnm meet which
was very nicely entertained BY the res
idents OF that city.
What War wold Do.
Important discussions which were
voiced ia the convention showed that
the general situation ia the United
States was good There was nothing
on the financial horizon at the pres
ent tine that vas calculated to do any
damage unless it was an outbreak Of
war between Germany and America
The general impression prevailed that
such an event would cause a tempora-
~ unsettled condition which ID the
course OF time would react and make
good markets for everything the Amer
lean merchant or farmer had to sell.
~of course said Mr. Dwyer. we
al hope TO get BY without humping up
against the overt act
Plant Staple Cotton.
There is one thing 70 which I should
Ike 10 call attention and that vas a
very able address delivered by John
Fields OF Oklahoma City impressingI
upon the farmer. the merchant banker
and the people generally the necessity
for discouraging the planting Of half
and half cotton. Il ought 70 be the
duty Of every merchant banker and
farmer in Grady county to fr0wn down