The Putnam Company purchases 2,000 acres of land northwest of Oklahoma City with the intention of establishing a new subdivision to be called “Putnam City.” No such subdivision was ever built, but the name stuck. There was even a “Putnam City” stop at the Putnam Building on the Interurban Railway running between Oklahoma City and El Reno along what is now N.W. 39th.
Putnam and his partners, John Shartel, Anton Classen and Henry Schafer, offer 1,600 acres of the land, and $1.7 million, to the state for the construction of the state capitol. Their proposal is accepted by the governor and the State Capitol Commission. However, political and legal wrangling resulted in moving the future State Capitol from Putnam City to N.W. 23rd and Lincoln. In the end, Putnam City was the site of the future State Capitol for six months before the dream died and the deal fell through.