The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1870-06-04

ton to the fact that the citizens of
Indianapolis hGvc os4aaizea a
Joint sock a-suoIaiioH un'iur tile
name OF the indianapolis i g,icui-
tnral, Mechanical and lIorticultu-
raj Association, having in view the
better promotion of all the indus
trial arts, but more especially In
diana agriculture, stock growing,
and manufactures. BY the recent
discoveries Of valuable coal fields
in Western and Southern Indiana
. great impetus has been given to
the manufacture Of iron and kind
red pursuites in our State, whereby
many mills and blast iurnances
have been put into practical ope
ration, with capital mostly from
without the State, attracted hither
ty our vast ma ural resources. Val
liable ore Of various sorts exist in
nearly every county; glass works
are being started, one at Geencas-
tie, and one in this city-in addi-
ton to the present works, which
are now in successful and paying
order. The material being found
in abundant quantities in pecu-
liar sand stone Astounding in Put
nam, Washington, Madison and
other counties in the State, which
stone, not being valuable for other
purposes, another of nature pro-
ducts, seems not to have been
"made in vain" / need not, in
this letter, refer to other classes of
manufactures growing out Of our
State, which are being almost dai-
~ brought to light by the energy
and industry of Prof E. T. Cox,
State Geologist. All men of OBJ
servation must be aware of the
fact that Indiana is rpidly advanc-
ing in manufactures, and ere long,
will be regarded as one of the fore
most manufacturing States. Great
or attention should be given to
manufactures in wood, such as car
riages, wagon works, furniture,
and especially to plows. reapers,
and mowers. While very few of
the articles in these classes are
being made in our State, we are
furnishing an enormous quantity
OF the raw material in theseAlepart-
ments for Eastern factories, they
returning the same to Indiana as
their sale ground. Thus our peo-
pie are paying freight both ways
with the profit Of manufacture add
ed. Not only this, but we raise
the grain and provisions with
. which the workmen in the East
subsist, paying, in effect, another
freight, whereas, by home manu-
features, we ay none, using the
products Of the fields in home
market, and shipping abroad our
raw material manufactured Crest
good has been accomplished here.
tofore by county and district agri.
culture societies. bot they are rap
idly giving way TO joint stock asso-
Citations, managed by private
means, independent OF State coun-
~, or municipal aid. The former
are failing by theold adge, What's
everybody's business is no ones"
Joint stock associations, though
close corporations, are neverthe-
less ORGANIZED and conducted for
the public good, and tend more to
public advancement, for the reason
that few men manage their affairs
for the love they bear to the en-
terprise, without the per dsem and
mileage or large official salries.
They can and do offer and pay
larger premiums. The difference
III the managing expenses between
the two modes of organization, and
the future prospect of stockhold-
er's gain, induces and justifies the
excess of premiums and vigor of
management in favor of the latter
over the old practice.
Our indianapolis Association is
composed Of more than one hun
dred Of the best men, pecuniarily
and socially, in the country.
Among them we have the leading
bankers and manufactures. The
twenty-five thousand dollars, but
may (and doubtless WILLY be in
creased to one hundred thousand
dollars. with a view to more fully
accomplish the end sought TO be
attained, viz: complete develop
ment Of Indiana resources, and
specially the natural advantages
of the capital a railroad center.
AS a State Capital, Indianapolis
stands second to none in the Union
as mercial and manufacture
ing point, though destitute of wa
ter navigation advantages (so-call-
ed yet by the energy of our citi-
zens, and her geographical advan-
tages, is to-day the greatest rail-
way center in the world. Four
teen distinc. railway lines enter
her Union Depot, reaching or PEN
Grating eighty of the ninety-two
counties in Indiana, thus connect
ing with nearly every important
railway line in the Union, so that
the innate adj antages of our city
rs central point for the holding
of exhibitions like the one contem
plated by this Indianapolis Joint
Stock Association, are such as to
reasonably assure the highest
hopes.
Inspired by these advantages,
our Association has determined 10
hold out all reasonable induce
,,,a,4, /,nt ,yithout rawardl IN III