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The Broken Arrow Ledger
Broken Arrow, Indian Territory
Vol 3, No 41
January 25, 1906 (Page 6)
This is a special edition - promoting Broken Arrow & celebrating its 3-year anniversary. The issue is full of photos along with detailed information about local businessmen, businesses and residences. The photos on my copies are not clear enough to put online. If you want copies of any of these photos contact Broken Arrow Historical Society they have the microfilm.
When the print is so faded that it cannot be read <.....> will be used . All transcription will be as found in the paper, misspellings and all
NOTE: Purchasing old newspapers on microfilm is expensive and abstracting is very time consuming. Please respect my hard work. Feel free to use any information found in these newspapers for your own use, family history, etc. DO NOT copy this page and place it on any website, either personal or for profit. For any other use please contact me. Linda
Page 6, Column 1
[Photo spanning columns 1 & 2 - First State Bank]
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.
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Page 6, Column 1
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.
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Page 6, Column 3
BRUMBAUGH & WAHL.
Real Estate - City and Country.
It is to the real estate men to which the balance of the community must necessarily largely look in regard to the initial steps of the further and completer development of this new country, by catching the attention and holding the interest of those desirable people in the states who are looking out for homes and farms in the southwest. The town of Broken Arrow has been singularly fortunate in having as its pioneer real estate concern the firm of Gaibreath & Brumbaugh - the senior member of which has just retired to other fields of activity. Succeeding to the large operations of this business is the firm of Brumbaugh & Wahl. Mr. W. T. Brumbaugh came here from Portsmouth, 0., early in 1904. A live, skilful and experienced business man, Mr. Brumbaugh saw at once, with sagacious discernment and with a judgment almost prophetic, that this town and section must necessarily, owing to its superb environments, quickly, rapidly assume a phase of development which less favored spots could not enjoy. With indefatigable energy and good judgment, Mr. Brumbaugh devoted himself at first to the work of familiarizing himself with conditions here-studying the questions of title to land, qualities of soil, products, methods of sale and then getting acquainted with the people who owned the lands, both in town and country, and then closely studying the features, locations and qualities of the lands by a careful personal inspection.
The writer does not hazard anything in saying that Mr. Brumbaugh, having availed himself of the benefits of the long and varied experience of his former partner, Mr. Galbreath, who preceded him here several years, and having so fully posted himself in all that pertains to real estate here of all kinds-that owing to these facts there is not a man in this section of the Creek country who is in better position than Mr. Brumbaugh is to aid an intending purchaser in finding just what he wants, finding it quickly, and in securing for him good, safe title to the same.
Mr. G. H. Wahl, the junior member of this concern, came to the southwest some ten years ago from Illinois. In Oklahoma city Mr. Wahl had nine years of successful experience in the real estate business, coming to Broken Arrow in December, 1904. Having just formed the co-partnership with Mr. Brumbaugh, they are sure to take rank as one of the leading real estate agencies in this southwest country.
Both of these gentlemen, standing well in the community, honorable and high-minded, a homeseeker will find it pleasing to do business with Brumbaugh & Wahl.
Any correspondence making inquiries about real estate of any kind will be cheerfully and promptly answered by these wide-awake and reliable real estate dealers. Their offices are located in the building of the Arkansas Valley National Bank.
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.
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[Photo Ross Ramsburg]
Page 6, Column 4
[Photo spanning columns 4 & 5 - Jameson & Baxter's Elevator]
ARKANSAS VALLEY TOWNSITE CO.
Regardless of the brevity of a special writeup of Broken Arrow it could not well be complete without special mention being made of the Arkansas Valley Townsite Company, because this company is the parent of the town itself. This company is operated by practically the same parties who own the Arkansas Valley National Bank. Although it has townsites at various other points, Broken Arrow was the first born of the company, the townsite being plotted and lots placed on the market in October, 1902. At that time only quit claim deeds could be given by the company, but warranty deeds were promised as soon as the company could get warranty title from the allottees. This promise on the part of the company was studiously fulfilled. The company also opened townsites at Alsuma, Coweta and Porter.
Page 6, Column 5
JAMESON & BAXTER.
It is with no small degree of pride that we present to our readers a halftone of the large mill and elevator belonging to Messrs. Jameson & Baxter. This was the very first elevator to be erected in our city. Sol. Jameson and his son, Thomas, being the first proprietors and the firm being known as Jameson & Son. This elevator was erected in 1903 and early in 1904 E. B. Baxter purchased a half interest in the institution and it has since been the property of Jameson & Baxter.
During 1905 the capacity was increased by the erection of an addition and today they have one of the most complete elevators to be found in the territory. In addition to their elevator they installed a grinder and make an exceptionally fine quality of meal, as well as to grind all kinds of chop feeds.
[Photo spanning columns 4 & 5 - L H Borum & Co]
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.
[Photo spanning Columns 4 & 5 - Residence of F S Hurd, Cashier First National Bank]
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