The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-06
BOARD OF TRADE.
Large Attendance at the Annual Meeting
Items from the ~Secretary's Report.

The annual meeting of the Board of Trade
Criminal Court room. the president, Gen. R. S.
Foster, presiding, with John e.. Blake as secre-
tary. The reports of officers were submitted,
that of the secretary detailing the action of the
board, its favorable condition Notwithstanding
the remarkable depression of trade dur
ing the past year, and circumstances
tending to withdraw from the organization some
of the strength it enjoyed the preceding year,
the second of it's existence. The failure of Fetch
er 81 Sharpe's Bank left the board with practi-
cally no funds, the former treasurer. A E. Fletch-
er, having deposited therein SIS, 225 Sc of the
money belonging to the board, but fortunately
the payment of dues from delinquent and new
members enabled the officers to meet all ex-
penses for a time. 1t was not until late in the
year that the finance committee were compelled
to borrow money, and this came from
the relief fund, an act the board
OF governors authorized. This re,
lief fund was deposited in the Indianapolis
National Bank. The enrolled membership of
the hoard is TAG. At the beginning of the fiscal
year 1872 members failed to renew on account of
dullness of trade, but afterward many paid their
delinquencies, and besides thirty-two new mem
bers have come in during the year. The lndianap-
oils Board of Trade has a membership as large
in proportion to population as similar insJitu-
tons in Chicago, Cincinnati, Louisville, Toledo
and Peoria. In this respect st. Louis is the
only exception, her Chamber of Commerce having
a very large membership.
In mortuary benefits, during the three years
existence of the board, thirty w death assess
ments have been made, an average of nearly
seven per year. For this account $l2, no. 90
have been collected and $40, 154 paid to the fam
lilies of deceased, leaving a balance of 81, 1856. 90,
but as 1856 of this fnnd was deposited in
Fletcher 81 Sharpeis Bank there is an available
balance of 81. 101. SO.
From membership fees, the amount received
by the treasurer for the year was 81, LOO; from
inspections, loans and dividends, Sc, sol. AZ; total,
for the years 1883 81, 81. 949. AZ; total, 1919,
leaving 81, 742. DC, of which amount $7.370.86
was in Fletcher IL Sharps Bank, there being an
actual balance in the hands of the treasurer of
1871. 60.
The board of governors held eleven regular
and five special meetings, at each of which there
was a full attendance. The location committee
have been at work, but their examinations
Of property for the proposed new building have
revealed a Willingness on a part of those having
suitable ground to sell In the business center of
the city to put up prices to the highest point,
hence nothing definite can be reported from the
committee. The report closed with an urgent
appeal to members to renew the interest ex-
pressed at the organization OF the board and re-
ferred to the great good the organization
can do for the city.
Exceptions were taken to the financial feat
ures of the report. because it lacked a full ex-
hibit of assets and liabilities. 1t was said that
no mention had been made of investments, par
ticularly concerning two loans of $40, 900 each,
secured by frst-class mortgage. On motion, the
finance committee were instructed to examine
the report, and prepare a condensed statement
of assets and liabilities for publication Monday
morning.
The treasurer's report, which contained the
matter as to receipts and disbursements given
above, was read. After some routine business,
the meeting adjourned.