The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-12-13

indianapolis concern, capitalized at about
100000. 1t employs seventy-five men.
The Electric Strect-rsilway Company.
v wn,,s not n,omnan;nnfn sc wifh 3 &c eo oi,sI ntocs Of
500. 90. lie is COMPOSED of local capitalists.
and furnishes a large amount OF lucrative
em ployment to a great number of men.
The Longworth handle factory has a CAP
The Anderson Paper and Pulp Company
EMPLOYS twenty-five men. and has q capital
of s10O. O00.
Hoifsrs box factory has a capital stock of
$500
The Seton Manufacturing Company en-
ploys three hundred persons, and manu-
features butter-disbes, oyster pals, etc. It's
capital is $50, Coz.
The American works is cap
italizsd at s6O0.000. It employs nearly two
hundred men. and hos a monthly payroll of
nearly 10000.
The Route & Johnson truss-hoop factory
has q capital of S15.O 00.
The Crystal ice-works has a capital of
$4,000.
The cotton-tie factory manufactures iron
bands for cotton-b aling. Its capital is
goo. 900, and it employs $50 men.
The Arcade file-works came here from
Sing Sing. n. Y. It's capital 10 $3.50, 600. It
employs nearly four hundred men, and its
payroll aggregates $50, 600 per month:
capital of 100000. and employs 200 mon.
The Anderson foundry and machine
works has 500. 600 of capital and employs
100 men.
The Adams heading factory has q capital
of $4,000 aud employs 100 men.
Fisher IL Son. grain-cradles snaths, etc.,
have q capital of $4,000. They employ 40
men.
The Mckee bottle works has a capital of
S25. 900 and o monthly payroll of SO. 900.
The Anderson Land and Gas Company
las a capital of $685. 900.
The North Anderson Glass Company has
a capital of 100000. with a monthly pay
roll of $4,000.
The Indiana Box Company has q CAPITAL
Of $4,000 and q payroll of 81. coo per month.
The Raible box factory's capital is S1O.-
600; and it pays $500 per month for labor.
The Union Gas Company has $50. 600 of
capital and q payroll OF "a 1900 per month.
The hub and spoke factory. capital,
$50 600. 1t employs fifty men.
The WoOley machine works has S25. 600
capital and employs fifty men.
Hill Sons. machine works, have q capt.
tai of $4,000 and employs from twenty to
thirty-five men.
The Armstrong sash and door factory has
q capital of $4,000.
The Bassworth electric light plants cap
ital is 500. 600.
These are some of the more prominent in
situations which the discovery of gas has
caused to be located here. In addition to
those mentioned. q conservative estimate
places the amount of capital employed in
various smaller concerns t~hroughout the
city, az SZoO,UOU, affordlng employment to.
perhaps, $50 additional men. rSkzls
NO BUSINESS FAILURES.
The fact which best indicates the Judi
cious conservatism which characterizes
every class of business here and raises it
above the remotest suspicion OF "wild-catn
speculation Is the total absence of business
failures In the city. Since the revival of
financial affairs. which came with the gas
four years ago, there has been no failure
In business There is an element of vigor,
enterprise and energy in these people that
Will not contemplate failure. There is not
now, nor has there ever been, q "boomu
here, as that word is understood beyond
the Missouri river. Legitimate enterprise
has fiowD into this section of the. gas belt
with q rapidity that is amazing. but it has
brought with it none of those disastrous
effects which have ruined 30 many West
ern cities,
The number of buildings now under con-
strnctioD in Anderson, together with those
which have been erected and completed
since che first well was sunk. would. in them
selves, form o village as large as And erson
at the beginning of her prosperous era. and
~ and diversity to the town.
There are thousands of acres of gas lands
about Anderson that are only WAITING for
the steel to penetrate them to be converted
into sites for countless manufactures and
busy scenes of toll. The wonders that this
city has SO far accomplished are, in all rea.
sonable probability. only the beginning of
the prosperity that awaits her in the busy
years TO come. T.. p. A..