The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-04-07
THE EXCHANGE.
REGULAR MEETING LAST NIGH


DIANAPOLIS.
The real estate and manufacturers OK
change met last night, Mr.. Lipencott being
called to the chair in the absence of Judge
Roache, regular president. Mr.. Ksppes. on
the part of the executive committee, asked
further time in which to make their regular
report, which was granted. Mr.. Allen, from
the committee on agricultural products. sub
mitted partial report, explaining the method
by which they were pursuing their investiga.
tons. AS result of their investigation, they
were able to hold out great inducements to
shippers of produce. The cost of trans
portation is much cheaper via Indianapolis
than by any other route. Mr.. Allen asked
for further time in which to prepare their
report.
Mr.. Kappes, from the executive committee,
reported progress. He stated that there
yet remained a large number of unsn-
swered letters received in response to the
letters sent out by the exchange.
Mr.. Cox, chairman Of the committee on
blast furnace, made a partial report. He
reiterated the Importance of erecting blast
furnace in this city. The committee had
receiyed several letters from different gen.
tlemen, who desired to move their business
here, IL a certain amount of money is raised
by the city. In speaking of the ores, Mr..
Cox said that they found that iron ore could
be landed at Indianapolis at cost
much less than at any other point where iron
| is manufactured.
Mr.. Ward, another member of the COM
mittee on blast furnace, said that the COM
mittee was not yet prepared to make re-
port, though they were still at work. The
gentlemen referred to by Professor Cox are
evidently in earnest in their expressed de-
sire te locate here and
THE FEELER THROWN OUT
By them is undoubtedly to try the strength
of the business men Of this city. He had
little doubt, that from the tone of their let
ter, with proper engineering, they would be
| induced to locate here He insisted that In
dianipolis was peculiarly adapted for the
manufacture of pig iron at a cost much less
than at any other point.
| Mr.. Kappes said that at the last meeting
| he felt impressed with the importance OF the
letter read by Prof. Cox from Hugh Hart
man, and thought 1t would probably be adj
vantage0us to open up correspondence
| with that gentleman. He had correspondent
with him ON his own account, but would
prefer that the correspondence would be
conducted by the executive committee. He
believed that if Mr.. Hartman could be in
i
QUESTION to the city. He read
| extract from aletter from Mr.. Hartman. After
| alluding to his correspondence with Professor
Cox in reference to the establishment of a
blast furnace in this city, he said: 81 have
expressed my opinion most explicitly on
the subject, in paper which will appear in
| the next geological report of the United
States. Not only in this, but in other docu-
ments, / have endesvored 10 convince Pro-
lessor Cox that am
| PERFECTLY FAMILIAR
With the various processes of iron manafac-
ture. / have done this with the intention
of building up for myself home in Indian
apolis. / am strongly attached
to indianapolis, being Thoroughly convinced
that wide field is open there for industrial
operations of all kinds.
DIR. Allen offered the following:
Whereas The success of the next annual ex-
position to be held at indianapolis, Will depend
in a great measure upon the united efforts of all
our citizens, therefore be it
Resolved, That the manufacturers and real
estate exchange most earnestly desire that Ii
should be an unparalleled success and great
credit to our prosperous city. and that we most
citizens of Indianapolis with desire to make
the next exposition an honor 10 our state and
city.
further this object and co operate with the
citizens committee, and correspond with manu-
become subscribers.
The resolutions, after some discussion.
were unanimously adopted.
/ Mr.. Green, editor eff the National Crop
Reporter. said that last week he had been
requested to address the exchange, but as
it was a sort Of jollifcation he did not cen
slider that 1t was the proper time to present
the details of the enterprise. 1 think am
offering you an enterprise here that is worth
as much 20 you as some of those you have
all 1.~HL n
ing it upon terms that this city, or any
other city, ought to be
| GLAD TO ACCEPT.
. What is it propose to bring? am pub
publisher of the National Crop Re-
porter, publication which in five
months has won its way, so that 1t
has been copied by papers in London. the
New York Bulletin, by the Cincinnati Price
Current, and other papers, as authority in
Z commercial matters. He then enumerated
what had been accomplished for Jackson
Vile, the present location. L have found
nine firms who want to take hold ofit, but
cannot leave their locations and go to Jack
; sonville. But had decided TO move il. I
only ask a more formal endorsement.
He then stated that all he wanted
was loan of $500 for one year,
for which he would furnish ample security,
and suggested that instead of making one
lndn roSpOusiUlo iOI IL Iney may uiFfue IL up
between twenty-five of them, each man
pledgiDg a hundred dollars. Before the close
of the session all but eight hundred dollars
was raised toward the proposed enterprise,
and the remainder will undoubtedly be sub
scribed.
Professor Cox on behalf of Messrs. Nj
black. Merritield Il Go tx ended an invita-
ton to the exchange to accompany the ex-
cursion to Carbon, to examine the block
coal mines there, and the new machine now
in use for cutting coal. The invitation was
accepted by large number Of the members
The following new members were pro-
posed and unanimously elected: Thomas
Wiles, DIR. G. s. Boynton, ]. w. Brown
J. III. vaien, Adams q Hatch, Furnace,
Irving IL Co. m ....4ea1
On motion, the exchange adjourned.