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  The Broken Arrow Ledger
Broken Arrow, Indian Territory
Vol 3, No 41
Special Edition
January 25, 1906 (Page 6)

Abstracted / Transcribed by Linda Haas Davenport

 Folks - nothing here is free for the taking. See Terms of Use

This is a special edition - promoting Broken Arrow & celebrating its 3-year anniversary. The issue is full of detailed information about (and photos of) local businessmen, and photos of businesses and residences.

 Page 6, Column 1

FIRST STATE BANK.
A Growing Institution In a Handsome
New Brick Home and a Credit
to the City.
     The opening of a new town in a new country at this late day is vastly different from that of but a few years since. All throughout Indian Territory one of the very first business institutions to be located in each new town, and especially if the embryonic town be surrounded by a promising country, is a banking institution. In this respect Broken Arrow, of course, was no exception.
     The first banking house to open its doors for business in Broken Arrow was the First State Bank. Town lots had scarcely been placed on the market until this institution was organized and established. A location was chosen at the corner of Main street and Commercial avenue, and here a two story sheet iron structure, 25x50, was erected and the institution opened for business. It was incorporated for 110,000 and began business with a paid up capital of $5 000. It was founded by the Farmers' National Bank of Tulsa, Indian Territory and the first board of directors consisted of the following:
     L. D. Marr, president; S. W. Marr, vice president; M. L. Fife, cashier; Ren Marr was also assistant cashier. On March 13, 1904, an attempt was made to rob the bank, but the robbers got nothing and the confidence of the people was so great no run was made on the bank and it never lost an hour.
Page 6, Column 2
     In July, 1903, this bank changed owners and the board was composed of the following persons: C. B. Hill, president; J. W. S. Bower, vice president; W. P. Fraker, cashier, and E. B. Baxter and L. D. Marr, members. With the change in stockholders came also a change in capital stock, this being changed in May, 1904, from $10,000 to $25,000, and also being fully paid.
     As time passed along It became apparent to the stockholders that a new and more modern home was a necessity. Accordingly in the autumn of 1904 the old building was moved from its foundation and a contract awarded for the erection of the handsome two-story brick, an exterior view of which we take great pleasure in presenting herewith. The real estate, furniture and fixtures at this time are valued at $11,000 and include, in addition to every other up-to-date appliances, a modern screw door Mosler fire and burglar-proof safe.
     The board of directors for 1905 consisted of Len Laws, president; J. W. S. Bower, vice president; W. P. Fraker, cashier; C. B. Hill and Dr. J. N. Shippey, members.
     The management of this institution, which is so valuable to the community, has always been conservative and careful, and this accounts in a large measure for its signal success and for its strong standing in the community and among other institutions of its kind.

WARNER POWELL FRAKER.
     Amid the rough and rugged mountain scenery for which eastern Tennessee is so widely famous and in a cosy little farm house nestled snugly under the mountain side, about 45 years ago a healthy boy was born into this world of "sin, sorrow and put due bills." Doubtless the importance which attaches to the naming of the baby in each and every home throughout the entire civilized world was one of the momentous questions of that happy little Tennessee home until it was finally decided that the baby should be named "Warner Powell Fraker," and during the almost half a century which has elapsed since then the little fellow has grown through the successive stages of boyhood life and in each stage has manfully performed well his part.
     Given birth there, and surrounded during the years of his early manhood by the rocks and cliffs and forests, and the gurgling ripple of the crystal waters, flowing unceasingly on toward the mighty Atlantic, Mr. Fraker drank deep of the picturesque and rugged scenery, and the rough exterior which is all the passing stranger notes, hides well from the glance of the casual acquaintance a heart and soul filled as full of deep-seated human sympathy as ever were given to mortal man.
     After assisting with the work on the old home farm until he reached the age of twenty he decided to seek a field in which he thought greater possibilities were afforded the strong and willing worker into which he had developed. Accordingly he turned his face toward the setting sun, nor did he pause until be reached the little village of Kellogg, Ia., where he secured employment as a farm hand, at which vocation he continued until the first quarter of a century had passed in his life.
     At the age of 25 he began farming for himself and continued at that business fourteen years adding to the business of farming, that of stock raising, and was deservedly successful throughout, and accumulated a neat little competency for his pains.
     In the spring of 1899 he disposed of his farming interests and once again
Page 6, column 2
turned his face toward the west and toward a new country. Locating at the Rock Island and near the boundary line which divides Indian Territory from Oklahoma, he engaged in the mercantile business, which he conducted until the spring of 1903, when be again disposed of his holdings and
     [Photo: W P Franker]
 this time moved eastward, landing in Tulsa in March of that year, and in July of the same year he again changed locations, moving then to Broken Arrow, where he purchased stock in the First State Bank and immediately entered upon the duties of cashier of this well-known and substantial institution to which position he was elected by the board of directors.
     During the brief period of time elapsing since then he has continued in this responsible position, and, largely through his tireless energy, and the judicious executive ability which he brought the institution, the capital stock has been more than doubled, has all been fully paid, and is at a remarkably strong premium at this time, and the old one thousand dollar building in which the bank was first established has given place to a modern two story brick which, with the latest fixtures obtainable represents a value of $11,000.

ROSS RAMSBURG.
     Herewith we take special pride in presenting to our readers a "likeness" of one of our bright, and energetic young men. Ross Ramsburg has spent most of the time during the past two years in Broken Arrow. He was born at Altamont, Kan., and has done tonsorial work at Sulphur, I. T., and in Broken Arrow. About six months since he formed a partnership with J, P. Walts in the ownership and management of the Broken Arrow Shaving Parlor and this useful business establishment has steadily grown in popularity under their excellent management. Rosa Ramsburg is one of the most model young men in the city and is popular and highly respected in all circles.
     [Photo Ross Ramsburg]

Page 6, Column 4

L H. BORUM & CO.
  Dry Goods and Furnishings.
     Of all the handsome, attractive new stores in Broken Arrow, the city-like establishment of L H. Borum & Co. stands right along in the fore front. Modern in architecture, plate glass front, high ceiling, splendid skylight in the central part of building, and with a most artistic display of goods crowding alike the high shelves and elegant show cases, the impression made on the mind of one entering the store is of a most pleasing nature, and it is not without its element of surprise when it is considered how young the town is. A half-tone engraving of the Interior is given herewith.
     Mr. L. H. Borum, the manager, is originally from Brownsville, Tenn., coming here directly from Paris in that state, where he had recently resided. With extensive experience along mercantile lines, Mr. Borum
Page 6, Column 5
brings to the service of this new and extensive house, business ability of a high order and a genial personality that is sure to win for the establishment that share of the trade to which merit and honest endeavor are so justly entitled.
     Mr. John Moore, also formerly of Paris, Tenn., and lately here for some time with the well-known house of Lancaster, McAnally, Sanders Co., is a popular salesman in this house.
     Mr. Sam Mosby, a capitalist, and well and favorably known business man of Memphis, Tenn., is a partner. Having erected their handsome structure, according to plans both modern and tasteful, and finished the interior with marked elegance and located centrally on the west side of North Main street, next door to the postoffice, there is every reason to look for this excellent house to take very high rank in the commercial history of this rapidly growing city.

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Linda Haas Davenport