Jasper County Democrat, Volume 22, Number 69, Rensselaer, Jasper County, 26 November 1919 — NOW PRESIDENT OF LOAN CO. [ARTICLE]

NOW PRESIDENT OF LOAN CO.

Former Resident Heads Oklahoma City Financial ConcernU. M. Baughman has our Itbanks for a copy of a large and handsomely printed and illustrated booklet advertising the business life and commercial advantages of Oklahoma and especially Oklahoma City, where Mr- Baughman Is president of. a large mortgage loan company. Mr. Baughman Is a former resident of Rensselaer and at one time was chairman of the Democratic county central committee of Jasper county. While a resident of Rensselaer —from 1901 to 1907 —Mr. Baughman was a member' of the law firm of Baughman & Williams which did considerable loan business here. He moved to Oklahoma City in 1907 and engaged extensively in mortgage loan operations foi the 12 years last past, building up a large private loan business, which was recently taken over by the First Mortgage Loan Co., of which he is now president. Associafed with him is Harry L. Gerson, vice-president, who is a large property owner and former banker of Oklahoma Cltyj’F. Rr Bull, secretary of the company, who is assistant cashier of the First National bank of that city; J. Henry Johnston, assistant secretary. Is state representative of the National Life Insurance Co., and Fred Neff, treasurer, is manager of the Neff insurance agency, one of the largest in Oklahoma City. The laws of the state of Oklahoma (provide that taxes on real estate mortgages levied in the state is fully paid (or the term of the mortgage at the time of filing same, and are therefore tax free. California, Pennsylvania and several other states have a similar law, which makes these mortgage loans were attractive-

Mr. Baughman is well known to thousands of readers of The Democrat in Jasper and neighboring counties who knew of the high esteem in which he was held here and of his honesty and integrity, and they will be pleased to learn of his rise in the business world in the Oklahoma metropolis.