The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-06-12
THE ANNUAL MEETING HELD
Board of Trade Tells People What 1t Has
Been Doing the Past Year.
and the secretsry's ReTOrt Submitted
Prosperity of the City.

The annual meeting of the, Board of
Trade occurred last night Owing to the
excitement of the day and the absence
from the city of great many of the men,
bers there was not a very large attendance.
As usual. the most important matter was
the address of the president and the annual
report of the secretary. Neither the presi-
dent nor vice-president being present, Mr..
Michael Sells presided. The address of
President Erwin was read by Secretary
Smith. He said:
81 desire at the end of my term In retiring
rs president of your honorable body to
thank you for your uniform courtesy and
consideration. The year Just Closing Will
stand as one of the most fruitful our city
has ever experienced. 10 the gradual de-
velopment from boyhOod TO manhood
from the immature bud To the full blown
rose-may be likened our advancement as a
city and of the bodies that 90 to make il mp.
Our character, our capacity. energy,
strength and prosperity as community IS
now recognized in quarters heretofore slow
III its praise. Our merchants manufact-
urers, artisans and our municipal charter
are not IN second place any longer. but
are In the best form and entitled 20
the highest consideration ana respect.
We have attracted larger manufacturing
interests 10 our already large family of
manufacturers than ever before Ia one
year. Larger investments of foreign cap
ital have been made IN our midst and more
confidence shown for the future than we
have heretofore enjoyed. We have i'm
proved our streets. added To our convent
ences anu comfort beautified and extended
the limits of onr city anu adopted plans TO
still further add TO these which upon
completion will make Indianapolis most
desirable as place OF residence.
-Our bank clearanGes for the past year
were larger than ever before, and our pres
ent bank balances have never before been
acned-thst tells the story of increased
business, and il an advertisement IN every
Associated Press paper every Saturday
morning worthy of consideration. oar su-
perior location relative to the pOpu alton
OF the United States and the m8Dy physical
advantages presented b. orr state. aud
Immediately surrounding Us Is u guarantee
al our continued prosperity and progress.
1t only remains for the Board or Trade,
with such assistance as other organizations
and interested individuals can render. TO
bring us TO the very front rank of Americas
enteTprising, prosperous and most attract
I've cities.
Il beg to call your attention to the fact
that within she year OF our administration
active steps have been taken to add three
new railroad lines to our present superb
list. The Chicago, LOganspOrt * Indian
spoiis road has been surveyed, and work
Its construction. The Indianapolis 81
Chattanooga Southern has been partially
surveyed and IL IL IS built will undou btedly
prove the best road for Indianapolis that
we may possess. My position as president
OF your honorable body made me ambitious
to secure this road, and upon pre-
sentatIOn of the route and survey /
was easily induced TO accept the presi-
dency of the new corporation until such
time as competent railroad man could be
m re- m af Qs I'm
ming from Indianapolis to Rock port, on
the Ohio river, thence VIA OwensbOro,
KY. to Chattanooga and the South. The
Indiana country through W hich it runs is
almost entirely without railroad facilities,
and abonnds with coal and building stone
of tho highest class In greatest abundance.
Its building will bring to Indianapolis
millions of dollars of new business In ali
departments now controlled by other and
distant markets.
"a company Is also being formed to build
direct route 10 Detroit via Fort Wayne
running through the gas belt and best agri-
cultural districts of Indiana. aud opening
up q northern trade that should properly
belong TO Indianapolis. Neither of these
enterprises have asked for any assistance
at our hands. other than what i have per-
sonally rendered the Southern road, but I
have assured them that we stand ready to
do all IN our power TO forward the matter,
when presented to US properly, far
IS we can consistently and with all our
oneIgy, anu 10 tnat eDu DeSQeak the CO.
operation of the new officers and board of
governors. L am happy In congratulating
tie board on the condition of its finances,
IS shown by the report of the
finance committee before you to-
night. L will hope the surplus may
be allowed TO accumulate and that no d.
vision OF 10 will be made among our MEM
bers has heretofore been done. In this
connection i beg your attention TO the
growing necessity for a new building and
the possibility of needing our surplus in
that direction; especislly so if an oppor-
tunity TO dispose of our present property
advanteously arises. It is also gratifying
20 report that our mem bership IL fuii-Dot
vacancy Observation-Disclosures the I'M
usual mortality among our members the
past year"
The secretarys report was very vol
luminous affair, and contained valuable III
formation that Will be published later in
book form. The SUNNI airy of receipts and
disbursements for the year ending June l.
1Se2, was q follows:
General Fund.
Balance on hand last annual report $3. 500. 35
Receipts. ----------.----.--.--.. l6,46o ID
Receipts. including balance. $50, O67. 4s
DlsDursemehls----..-- l4,4S4.o4
Balance on hand --.--...--..- S5,5s2. o.
MOrtuGyy Fund.
Balance on hand last annual report. 81 ,sls 90
Keceipts----.--------- ---.------------ S,OlS-oo
Receipts. including balance 5000. S9. $50. 90
Balance on hand. ....... $4,000
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