The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-01-06
AFFAIRS OF THE BOARD OF TRADE.
A Proposition to Locate on South Meridian
Street-0ther Important Matters.

At the regular monthly meeting of the govern
ors of the Indianapolis Board of Trade, last night.
several very important matters were considered.
General Foster, chairman of the committee APP
pointed for the purpose of finding a new and
more desirable location for the board, made a
lengthy report, signed by all the committee, in
which a preference was expressed for the Morri-
son Block, northeast corner of Meridian and
Maryland streets, now occupied by A L. Wright
81 Co. The building is 67xl85 feet, and four
stories in heighth. It is to be sold on the 18th
inst. at commissioners sale, and the committee
expressed the opinion that it would be a profta-
bic investment for the board, as the rental for
That part or the building which they did not
need would be considerable. The matter
was discussed at length. several of the gov
errors favoring the purchase of the Franklin
insurance building, at the corner of Illinois
street and Kentucky avenue. The report was
received and ultimately referred back to the
committee, with instructions to see an architect
and get from him an estimate of the cost of re-
modelling each of the buildings named, so as to
ut 1t for the uses of the board, and also to report
what rent could be obtained from the Morrison
building, and to report at a special meeting to
be held next Monday night.
5. +. Gray, George w. Sloan and ]. F.. Pratt
were appointed a special committee to see the
"dAdScIS VI tIe telephone company, anu urge
upon them to put an instrument in the signal
service office for the benefit of the general pub
lie, as the government authorizes no such ex-
penditure.
George G. Webster, I. S. Gordon and V. K.
Hendricks were appointed a special ommitte
on the part of the board to cooperate with a
similar committee from the Travelling Mems
Association, consisting Of j. r. Ross, b. G.
barrow and c. w. Coffin, in an effort to get the
railroads to allow commercial travellers to ride
upon freight trains.
The annual report, as published in pamphlet
form, was presented and received, and separate
action taken on various recommendations which
were concurred in, except the following: ''The
prompt passage of a properly guarded and
equitable bankrupt law, by which the creditor
classes may be protected against unjust pre-
ferments and fraud, and the debtor classes may,
after making a true and faithful application of
all their property in the payment of their debts,
be released and restored to active business pur-
suits. The wisdom of modern ages approves
such legislation, and no commercial country in
the world, except the United States, is without
some such provision"
This was referred to a special committee, con-
sisting of Messrs. E.. B. Martindale, v. Z.
Malott, w. D. Wiles, N. S. Byram and S. T.
Bowen. with instructions to consider the subject
fully and report at the next meeting.
The recommendation concerning amendments
to the law regarding savings banks was referred
to a special committee, of which John FL. Holli-
day is chairman, with Instructions to consider
the exigencles of the case, and, if thought ad-
visable, to draw up a bill on the subject to be
presented to heLegislature.