The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-09-05

Gleanings from Current Gossip of Business
Men-A Monetary Resolution Proposed.

The water company has extended an in
,vitation to the governors of the Board of
Trade and their friends to go on an excur-
si0n up the canal. The company offers the
use of its boat for the trip at any time the
governors think fit to accept the invitation.
The date has not yet been fixed, but the in
vited viii, a la Artemus Ward. make the
voyage, and many jokes have been cracked
upon the floor about the contemplated
journey and its probable results.
Mr.. Tweed, of the Board of Trade West
ern Union telegraph Office. says that busi-
ness this year does not compare at all
favorably with that done during q similar
period last year, in fact the grain business
is not in half so fiOurishing a condition.
Last year from the 9Th of July to the latter
part of August the grain men were
s smpy Se seospts with have been
light and dribbling. MT. Mutchner thinks,
however, the prospect is that steady busi-
ness will now be done, and ASST gns several
reasons for the remarks of Mr.. Tweed. I'm
yea has damp tough and the
prices consequently low. The farmers. too,
are holding back for better prices. There
has been more grain held back this year
than will result proftably to the holders"
A committee will shortly be appointed
from among the members of the Board of
Trade to receive and entertain the South
American delegates to the International
American Congress, who will pass, on their
way to Louisville, through this city on
Nov. 2. AS several of the local merchants
are large shippers to the South, the recep-
ton of the visitors will undoubtedly be
made the occasion of wonted hospitality
and welcome.
In boring the well to great depth in &C
cordance with the scheme propounded by
Judge Martindale at the last meeting of
the board of governors, it has been sug-
gested that great saving in the expense
would be to continue the drilling of one of
the many borings already made. such a
well. for instance, as the one at Brightwood,
where the pipilgs have remained and work
could Instantly be resumed. Other mem
bers of the board have suggested that Uni
versity Park be selected as the site of the
we'll, saying that it would at least yield
labor and expense would not be entirely
Since the advent of Martinsvillo mineral
water in the building, sickness has disap-
peared from among the members of the
board who have taken to use it for drink
ing purposes. At least Mr.. Warren says
that his health is considerably improved.
and the only trouble, says he, experienced
by those who indulge in the mineral water
is to avoid going to sleep.
Many of the members of the board are
INVITING Edward Dunn, the grain inspector,
concerning his denomination for the
Council, telling him that as the representa-
tive of a corporation they are opposed to
his being in the Council. Mr.. Dunn: how
eyer, takes the Jokes good humOredly, and
is evidently satisfied with the certainty of
a seat among the city fathers.
The elevator business is not paying as
well as it used to. There is discrimina-
ton, it is claimed, made by the railroad
authorities in the rates against the elevator
people in favor of the milling interests.
Another thing says Mr.. Higgins. which
is injurious to Indianapolis as a shipping
point is that the rate from here to New
York is only % cents and the rate from a
point west to this city, distance of thirty
miles, is IS cents. These rates cannot be
anything else than detrimental to the in
terests Of Indianapolis shippers"
A. meeting of the committee appointed by
the board to consider the sending in of any
recommendations or suggestions to the
National Board of Trade, which meets in
Washington, Oct. Q. was held yesterday
afternoon. The following resolution was
adopted and will be submitted to the gen.
eral meeting of the board to be held on
Monday night next:
Resolved, that we favor such action by Con-
gress as shall secure the adoption of q common
silver dollar to beused by the governments of the
United States, Mexico and each of the central
South American States. the same to be legal
tender In all transactions between citizens Of
American States