The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1918-02-04
everyone WILL Be
PAID IN FULL, SAYS
BANKER ALVA SMITH
lconnnu.d FROM Plps 81

gave was paper endorsed by my friend,
in Oklahoma At the exact time that
the Associated Press and other news
channels were sending reports 10 the
cast and particularly to New York, |
vas IN that city and In conference with
these men who had loaned me S5)O,0OO
These men read all that was printed
about my alleged Interpretations and
that stuff about my being Oklahoma
City, boy banker and that rot. yet It
never occurred To them 10 notify any
person IN this city that ! was in New
York.
THE facts ! presented these New
York men were accepted as the truth
and | convinced them that every dollar
they had loaned, on the strength OF Ok
lahoma mems endorsements was as gool
as gold and that they would get theirs
and with mutual faith re-s,tabliShcd
and with their being better friends even
to me than they had been before, ! re-
turned to the southwest.
Plans for Future.
"lt6u ask me what my future as well
as what my present business is to he.
Selling the Western National bank at a
financial sacrifice OF SljS0O0. forced to
do il in fact, | turned what | obtained
from this source, SlSSl0O0 in cash over
TO meet financial obligations
u will tell YOU what my task is. OIL
the StSl 600 in personal assets | turned
over TO the American National hank
some OF that sum Mas represented by
my ranch in DunStan county and lis
cattle, valued a. Sl2SOOO. Inside Of sixty
days there wfl be 500 calves born on
that ranch, By May LIST. the ranch with
other increav Of property value, will
be worth $4,000, II is my business
and my interest, at this time for in.
stance, 10 go TO that ranch and make
arrangements for selling it so that the
best trade possible will be realized from
its sale. That Is part OF my present
Will Have $4,000 Left.
"Of the S6Sl 900 I turned In, part was
represented by ranches IN Murray and
Marshall counties. Personal holdings
Of stocks, bonds and securities were
turned in | had a large interest in a
mining company in the Miami region
which was turned IN | had an eighth
interest IN $50 acres Of Kansas oil land,
on which ironically enough since my
troubles, two good oil producing wells
have been brought in
at l., my right and it is to be my task
to see that these properties which in.
cIude herds OF cattle | have not cnum,
Grated and property m Texas, are sold
at the best possible advantage in order
that my financial obligations shall be !
satisfied The surprising thing about it
all is that in conference yesterday with
my counsel, Judge Moman Pruictt, in
gong over and checking up my ilnan-
cial affairs, we estimate that after all
my financial obligations are filled
there will he remaining for my own
uses from Sl2S,0m to $lS0,00"
Responsible for Million.
Efforts were made to draw from Mr.
Smith what his future plans were to he
lie was rctiCent about this. lie had
said he was to make this city his future
home and he was asked il at the pre-,
cnt time he had secured an office or
headquarters He said he had not and
that his affairs are in the hands entire
" OF his counsel only through whom
would the public or business men he
able TO reach him.
will you become an Oklahoma CITY
banker again, Mr.. Smith"
N this time will not state can
earn my living in other work beside,
banking If ! want to-
you state, Mr. Smith. tina, when YOU
left this city in November YOU turned
over $751; 600 in collateral to satisfy
obligations VIII you state the approx.
innate amount Of outstanding papcr for
whose payment you were personally re-
sponSible}"
at was over a million dollars, pos,
sibly a million and a quarter, | cannot
correctly approximate.
100 Holding Paper.
Mr., Smith, are there any persons
with paper Of yours, who have not been
heard irom2"
There certainly are ! estimate that
in Oklahoma there are 100 men who
hold paper which | endorsed and who
have not made a howl in all this time
and have stood by quietly confident |
would and could make good
Smith wound up his interview with
this rather significant statement:
ut is true ! feel | have had hasty
judgment passed upon me, men have
closed in on me and tried to break me