The Indianapolis journal., 1893-06-20
THEBOARD OFTRADE'S WORK
It's Statistics Show the City Has Had q
Very Prosperous Year.
Movement Toward Converting the Morris
Property Into morris Psrk"-0ther
Business of the Governors.

ernors of the Board of Trade occurred last
night at headquart ters for the purpose of in
stalling elected officers and for the election
of the secretary and grain inspectors The
newly-elected president. Mr James A.
Wildmsp. was installed in bis chair by the
retiring president. MIR. Murphy, and. In as
suming the gavel. made short and point
ed address. After thanking the board for
the honor conferred upon him. and pledg.
ing his best strength to the service of the
organization, he proceeded TO speak OF the
prosperity of the city. 1t is q matter of
congratulation. he said, that the bank
which was recently In trouble has
again opened its doors and is pre-
pared to merit and TO enjoy the con-
fdence of the business public. 10
demonstrated that the city ls in spendid
financial condition. and be yentured to as
sert that no city Of Its size In the country
is in batter financial form. There Is less OF
that common feeling of opposltion against
the capital or leading city of State than
there used to be against Indianapolis.
Evidence of this was found in the ease
with which capital from other cities of the
State was induced to join with the capital
Iarye financial concerns w which have been
recently organized. He wac glad, he said.
to take note of this good feeling toward
the city. He bespoke a reciprocal feeling
of interest IN the welfare OF other cities or
the State, and urged the members OF the
Board of Trade to give visitors in the city u
cordial welcome and manifest the interest
that hospitality dictates.
Referring to the city's record in the past
year. President Wildmsn pointed out that
har M huiI hrf
the year of 1892 at q cost of $500, 600. OF
these ]. T54 were built by bullding and loan
associatlons or nearly twO-thirds OF the
whole. There are about one hundred eft
these associations In the city. The num-
ber of real-estate transactions during the
year was 5.715,. involving a change CT
nearly Sll.0J0000. A jObbing trade was
done In this city last year amounting to
crease IN the banking business over the
previous year are as follows:
Total increase in capital --..-.-...-..$200,0O 600
Totai increase IN surplus. 23o,3oa
Total increase In loans 1,5T5,Sl3
Total increase i'll deposits ,443,5o9
Bank clearances for the year
1897 1871 were -
Being an increase of... $S23.2S7.99
The number Of freight cars received aud for
warded at this point, for the year 1,276,5S5.
of which 794, ,3S5 were handled by the Belt rail-
road.
One hundred and twenty passenger trains
rive and depart from the Union Station, daily,
carrying 10000 passengers every hour.
Owing to the election of George w.
Sloan as vice president there was va
cancy on the board of governors. 1t was
filled last night by the election of Gen. K
s. Foster for term of four years. He and
w. b. HoltOn having received an equal
number of votes. IL was determined by lot
tnas General Foster should serve the four
year term and Mr.. HOiton the two-year
E~h
member who drew q two-year term. The
new members elected outside of these are
| John w. Murphy, Z. Is. Martindale. Will
liam Scott John f. Wallick, Albert Gall.
Ford Woods, Edward Hawkins L. s. Den
ny and J. +. Shideier.
Proceeding to the election of those off,
GERS whom 1t is iDcum bent upon the board
or governors TO elect. the vote was unani-
nous for Jacob w. Smith Tor secretary,
and for Ed ward Dunn for chief inspector
of grain. and for John Heiner for assistant
inspector OF grain. The president was in
structed to appoint committee of five.
who shall recommend for election at the
next meeting the standing committees. He
was also directed to appoint committee
for the purpose of selecting those commit
tees which are composed of members of the
board outside of the board of governors.
The president WAS made chairman of the
two committees when meeting jointly. In
order that one member shall not be selected
for two or more committees. The an
made to-day or tomorrow. The bond of
John Osterman. treasurer, for $4,000, was
approved and accepted. 1t bore the names
of John W. Murphy aud NJ. OConnor.
Mr. Scott offered suggestion in refer
ence to the tract of ground laid out in lots
recently by General Morris He said that
it had been suggested to him by several of
the good ladies of thu city that the tract
containing fifteen or sixteen acres. would
be fine place for @ park and on inquiry
he had satisfied himself that the ground
could be bought by the city on very long
time at low interest He thought that
perhaps special price might be obtained
| If name in honor of the present owner
were adopted. Mr.. Tanner put
| the idea In the shape OF q motion. TO refer
the subject to special committee. and
said that he wished to go further. He said
that the ground lying between Schoiield's
mills and the Michigan road ON both sides
| of the creek, would be q very attractive
| spot for park. The ground could be
bought at cost much cheaper than the
| Morris property, but he said he was in
| favor of the purchase of that also. A vote
OF thanks was extended TO the retiring
president for the faithful and impartial
manner in which he had discharged
his duties. The vote was ris-
ing one, and unanimous. Before ad-
| J0urning President Wildman called
| attention to the fact that there is
wide field of usefulness for the organiza-
| tion. He would leave, he said, the remark
| during the day. with the board. TO the
| effect that the present building should be
| sold and one erected that would be a credit
| to the city. Iti a subject. he said. that
ought to receive tho earnest attention of
| the mem bers. The mem hers of the board
| and representatives Of the press were then
| invited to Sherman's to partake of
| Light and cooi' refreshments. Here
| ice cream and straw berries, claret
punch and cigars were served
| The post prandial speeches were made by
| George w. Sloan, vice president; by Mr..
! X. D. Hawkins and by Mr.. Tanner The
| last said that he had come TO the con-
| clusion in travelling In Europe that in
| countries having a better climate and q
| richer soil than our own. their failure TO be
! great and to equal our own Nation is due
| to the inferior quality of the people. 1t is
| not all our form of government that makes
| thie Nation great. but IL is because our men
| are the bravest and our women the fairest
and best in the world. The company then
| rose and adjourned.