The Winchester journal. [volume] (Winchester, Ind.) 18??-1920, 1870-06-09

truding upon your valuable space, l
desire 10 call your attention 10 the fact
that the citizens OF indianapolis have
organized a joint stock association un-
der the name of the indianapolis Az
ricultural, Mechanical and Horticul-
tural Association, having in view the
better promotion OF all the industrial
arts, bat more especially Indiana agri-
culture. stock growing, and manufac-
tures. BY the recent discoveries Of
valuable coal fields in Western and
southern Indiana great impetus has
been given 10 the manufacture of iron
and kindred pursuits IN our state.
whereby many mills and blast fur
naces have been put into practical op-
Grafton, with capital mostly from
without tie State, attracted hither by
our vast natural resources. Valuable
ore OF various sorts exist i'm nearly
every county; glass works are being
started, one At GIeencastle, and enc in
this city-in addition 10 the present
works, which are now in successful
and paying working order. The ma
terial being found in abundant guam
titles in n peculiar sandstone abound
ing in Putnam, Washington, Madison
and other counties in the State, which
stone, not being valuable for other
purpos :, another Of natures products,
seems not 10 have been "made in
vain.r need not in this letter, refer
To other Classes of manufactures grow
ing out of the natural advantages be-
longing specially TO our State, which
are being almost daily -brought To
/ light by the energy and industry OF
/ Prof T.. L. Cox, State Geologist. All
men of observation must be aware OF
I the fact that Indiana Is rapidly adj I
F long, will he regarded rs one Of the I
/ foremost manufacturing States. Great
er attention should be given To manu-
+ features in wood, such as carriages,
wagon works, furniture, and especially
/ to plOws, reapers and mowers. While
very few of the articles i'm these classes
are being made in our State, we are
furnishing an enormous quantity Of
the raw material in these departments
for Eastern factories, they returning
the same to Indiana as their sale
ground. Thus our people are paying
freight both why's, with the prcfit of
manufacture added. Not only this, out
we raise the grain and provisions with
which the workmen in the east subsist,
paying, in effect, another freight,
whereas, 10y home manufactures. we
pay none, using the products Of our
fields in a home market, and shipping
abroad our raw material malufactur
ed.
Great good has been accomplished
heretofore by county and district ag-
ricultural societies, but they are rapid
~ giving way To joint stock associa-
tions. managed 10y private means in
dependent of State, county or munich
pal aid. The former are failing by the
Old adage, whats everybody's busi-
ness is no one's.p Joint stock asso-
Citations, though close corporations,
are nevertheless organized and con-
Quoted for the public good, and tend
more to public advancement, Tor ihe
reason tha. few men manage their
affairs for the ''love they bear" to the
without tho 49,. dion, <s,s<f
mileage or large official salaries. They
can and offer and pay larger premi-
ums. The difference in the managing
expense between the two modes OF or
ganization, and the future prospects OF
stockholders gain, induces and justi- ;
fies the excess ofpremiums and vigor
of the management ia favor of the lat
ter over the old practice.
Our indianapolis Association is ,
composed of more than one hundred
of the best men, pecuniarily and So
cially, in the country. Among them
we have the leading bankers and
manufacturers. The stock owned by
any one individual Is limited 10 ten
shares of twenty-five dollars each.
The capital stock Of the association
is twenty-five thousand dollars, but
may and doubtless VIII be increased
TO one hundred thousand dollars, with .
a view TO more fully accomplish the /
end sought to be attaiand, VIZ: COM
plete development of Indiana's re-
sources, and specially the natural ad- e
vantages Of the capital a a railroad y
center. Asa state Capital Indianap-
oils stands second TO none in the Tn .
ion rs a commercial and manufacture
ing point, though destitute Of water q
navigation advantages lso-calied) yet q
by The energy Of her citizens, and her :
geographical advantage, i to-day the !,
greatest railway center IN the world.
Twelve distinct railway lines enter n
her Union Depot, reaching or pene- "
trating eighty OF the ninetytwO coun- ;.
ties in Indiana, thus connecting with
nearly every important railway line in :
the Union, - that the innate adyan- L
taseS oi cNi cry 90 - Neh1i" l''.Lt ios Il
the holding OF exhibitions like the one Il
by this indianapolis
Joint Stock Association are such a 10 /
assure the highest hopes. = !,
Inspired by these advantages, our 4
has determined 10 hold y
out all reasonable inducements mot !,
without reward to all fruit growers, Il
farLers, mechanics, stock growers, y
and Others. 10 visit our State