Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1919-02-27
HALF OF MILLION
DOLLARS SUBSCRIBED
CONTINUED FROM pAoE ONE

CONTINUED FROM PAGE ONE
state and the youngest city. with A
million dollars this organization by
bringing factories here can double
the population Of Tulsa In 10 years"
Mr.. Simmons Hnid II am glad
we have put this thing over. but !
think tho number OF subscribers is
too small, Everybody ought TO be
In on this thing II the $4,000 heads
OF families In Tulsa would each tnko
one 500 share we would have II
capital OF si.200.0Oo and every In
vestor would get n dividend, one OF
the best things that this corporation
could do would be 20 lend Its aid to
a company that would build small
houses for rent or sale on install
ments TO persons who are now being
turned away from our city because
they are not able TO pay the high
rents that are charged We have n
young spirit In Tulsa and we do not
grow old.
A vote OF thanks was extended to
Mr.. Simmons, who, while mayor Of
Tulsa made It possible for the chain
Der Of commerce 10 be provided with
n permanent homo In the new city
hall.
Colonel Douglas. secretary OF the
chamber OF commerce, explained the
purposes OF the Tulsa financial or
ganization, emphasizing the fact that
no bonuses were to be given from
this fund for factories hut that tho
corporation would invest dollar for
dollar In tangible assets with any in.
dustry that wanted 20 como To Tulsa
and that a thorough investigation OF
It's affairs and the opportunities as
sured Tint II would meet with sue
cess. lie said that the corporations
finances would he as carefully in
vested M the board OF directors
would invest the money OF bank
and that dividends would be paid
for every dollar subscribed.
II was voted that tho first call for
payment should not exceed 10 per
cent OF the subscription and uhat the
rest OF the money should he called
for only as needed and then only
after 80 daysnotice had been given
subscribers
Adolph Roldt. OF Denver. Col.
field secretary OF the chamber Of
commerce OF the United states, was
present and gave the business men
OF Tulsa an interesting and enter
tanning talk on commercial team
work
Natural advantages do not mako
cities" he said "You do not see any
rubber trees growing around tho
city OF Akron, Ohio. yet Il IL the
center OF the greatest rubber in
dustry in the world You do not
see any mahogany forests around
Grand Rapids Mich, yet It IN the
RreatSet furniture manufacturing
town IN the country II is the clti-
zens who build the cities A farmer
was once asked by u visitor IL his
COW gave milk The farmer said
no, that he had 10 take II from her
There may ho some unprogressiVe
citizens that YOU have to take the
money from to build your town"
Frank u. Ayres. secretary OF the
chamber OF commerce Of Coffeyville
Kan, was present and explained tho
operation of an organization simlla
TO TulSas In the city Of Louisville.
which he helped TO organize. He
said that they had raised 81 900 600
and that II was Nil invested In in
iustries and paying a good dividend
This organization had 5000 stock
holders and none OF them for very
arge amount. lie said that most Of
.ho factories that arc looking for
new locations are In need Of fnnn-
'ial help and that thcre were grea
opportunities for an organization |
ike this one 10 accomplish big thing |
'or Tulsa
The Apollo club rendered severn |
'elections AZ the opening and after !
ho close OF the meeting last night. |
he audience Joining In tho singing |
u some Of The more popular songs
AT the suggestion Of President Nc |
''arlip vote Of thanks WIS extend !
n TO tho club for the entertainment. ,