The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-11-06
BUSINESS PICKING UP
INDIANA BICYCLE AND OTHER
PLANTS TO RESUME SOON.
Banks and Depositors Release Hold
on G~OId-Orders i'm Wholesale Dis
trict-Shoppers on streets.

IHtfc are many l1ulCdtiouS thdb COhl-
dence is r~eviving in this city with the cleo
ton of Mckinley. Money has already be-
gun to get easier. People who have been
boarding gold pending the election are put
ting 1t back in the banks where it had
been previous to the free-silver scare. Yes
terday a man entered Fletcher's Bank with
a bag containing $500 in gold. He had it
placed to his credit Others are getting
their gold out Of the safety deposit vaults
and placing ii on deposit.
Gold is being paid out over the counters
of the local banks 1t is estimated that
banks Of this city have beeh holding
about 81, 900, 900 of gold. With the assurance
they now lave that there is to be no
change in the Nations money there is no
reason why gold should not now become an
actually circulating part of the medium of
exchange. AT the Capital National Bank
several people were surprised to lave gold
showed out to them in payment of checks.
One was a free-siiver man from johnson
county. He had a check for $40 and when
he had been identified by a friend, he
asked President Wilson if the bank was
paying out gold yet. He was greatly sur
prised when the answer came in the affirm
ative and part of the check was paid in
the yellow coin.
A real-estate dealer said yesterday even
ing that he looked for a decided improve
ment in his business at once. He deals
largely in small dwelling property and his
customers usually pay only part cash and
the balance in small amounts. He said
that recently. during the silver scare. it
was almost impossible to bring about a
deal The owner nf a Micro IF nrOnarfx-
hesitated to take anything but gold notes
it.. Already. he said, he noticed an inclina-
ton to get down to business-like terms and
he thought there would be a steady pick
ing up from now on.
1t was remarked yesterday tina there
were more than the usual number of shop
pers on the streets. People have evident
ly been holding OF to their money and
now that Mckinley is elected are consent
ing to make needed purchases. A slight
indication of the manner in which people
have been economizing in every way is
seen in the business of the Acme laundry.
in which Bert Il. Adams is interested. He
said yesterday that several of his former
customers had telephoned to have the
wagon stopped for linen as of Did. They
had been cutting down expenses by hav-
ing all linen Numbered at home with the
family washing.
A clerk in a downtown store was heard
to remark in a street car last evening
hat he had gone back to smoking cigars
again. He said he had been saving a dol
lar or so IL week by smoking a pipe during
the past few months. but now that Nc
KinIey was elected he was not alarmed
either about his position or his salary and
could go back to the luxury of a Havana.
INDIANA BICYCLE COMPANY.
In a business way there is strong indica-
ton of a steady revival. This morning
many employees Of the Indiana Bicycle
Company who lave been laid off, for sew
eral months. will begin work again. Presi-
dent Charles f. Smith, Of the company,
said last night that, it was the intention
of the company to get the works running
to the full extent just as quickly as it
could be done. 1t will take several weeks,
however, to accomplish this. as it has to
be gradual. The work is such that a large
part of the forces cannot go to work un-
til the product is begun. Mr.. Smith said
that there would be, six or seven hundred
men at work by Dec. j and a full force
of about twelve hundred by Jan. i. He
predicts a good business and a steady run
during the year.
There has been recently a good deal of
conditional business done, the conditions
of which are removed by the election of
Mckinley. The Adams & Williamson
veneer works, the largest concern OF the
kind in the country, will start up at once.
1t has orders sufficient to keep it going
for a long while. The orders were all re-
ceived to be filled upon the condition that
Mckinley was elected. Shaw & Rogers,
manufacturers of spring beds, will resume
business today or just as soon as they
can get their plant in operation. They re-
ceived an order yesterday for $50 beds and
will also start to filling orders received
conditional upon the election of Mckinley,
tb Among s,t thg improvements os Me dsieT%ined Why BY
saw works of the secoAd large
building of the same dimensions as the
one just completed. which is five stories
high, two hundred feet in length and sew
enty feet wide. knight & Jillson will soon
let the contract for a new four-story
Parrot & Taggart will soon begin the en-
largement of their plant, to meet the in
crease In business contemplated. The I'M
provement will cost in the ~neighborhood
The Indiana Cotton Mill Company has
decided to make large additions to its
plant in the near future. Some depart.
ments of the mill are to run day and night
The Pennsylvania Company is preparine
plans for its new city freight houses and
will. in a few days, begin clearing the
SrOunu now occupied Dy the OIu Slnker-
Davis buildings. The Parry Manufactur.
ing Company is contemplating the erection
of a new building on the east side OF iii.
nois street of the same dimensions as that
erected this year. Tho company anticipates
a steady improvement in business and will
be prepare to increase its plant wher
necessary.
A single instance of the revival of bust.
ness in the wholesale district is shown In
the case OF the Climax Baking Powder
Company. II. b. Gates, of the company
yesterday received fifteen telegraphic
orders for goods. He said there have beer
many mail orders received during the las
few days to be filled only in case of the
election of Mckinley. Along Meridian
street 1T is said there were many tele
graphic orders received yesterday and tele
grams to double mail orders were frequent
Travelling men are preparing to go t
work now with renewed courage. Travel
ing men who have been making only oc
casional trips or who have been visitins
only their largest customers, are expecting
to begin making full and regular trip.
from now on. The wholesale houses ar.
counting on increasing their forces of trav
cling men.
The Parry Manufacturing Company will
pay its employees tomorrow in gold.