The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-01
HAVE THE GOLD FEVER
INDIANAPOLIS CITIZENS WHO HAVE
EYES ON ALASKA.
Indiana Gold Mining Company Organ
Observation-Disclosures Meeting at Do
rey's Drug store Last Night.

Arrangements are about completed for
the Incorporation of the Indiana Gold Min
ing Company reference to which was made
in the Journal several days ago. If enough
stock is subscribed it is the intention to
start an expedition to Alaska by a week
from tomorrow. Judge Cox, H. T. Condo,
DR.. feathers, II. B. Smith, c. Z. Barrett
and other well-known business men and
politicians are identified with the company.
AT meeting held in E. r. Doreys drug
store, 144 College avenue, last night, ar
ticles of Incorporation were presented by
Mr.. Barrett and were passed upon by
those who have already subscribed for
stock The capital stock is 100000 divided
into two thousand shares of the par value
Of $50 each. 1t is estimated that il will re-
quire $1,000 to send the first prospecting
expedition, equipped with supplies sufficient
for eighteen months or two years. In order
to raise this money forthwith the first
thousand shares will be sold to subscribers
al SIS each. For the five men who go on
the prospecting expedition five hundred
shares will be set apart. The remaining
five hundred shares will be held for future
disposition, and it is predicted that they will
readily sell at or above par when things
progress TO the point where the first mug
gets can be shown.
1t was decided at the meeting last night
to postpone the selection of the seven di-
rectors who are to manage the company
for the first six months until more stock
of ten subscription lists that have been in
circulation for the last few days. 1t con-
tanned subscribers for about fifty shares.
meeting will be held Tuesday night of
next week for further arrangements in the
office of Mr.. Louis, IL Board of Trade build
ing. Meantime the men circulating petitions
a a
A number of business men have taken
from five to ten shares on the theory that
If nothing ever comes of it there will not
be much lost at the low price stock is now
Sold and that it is a good speculation.
In the subscription lists it is stipulated
that the directors of the company are to
pectoEs whereby everything that they dis
cover is to become the property of the cor
poratiOn. The men will be required to
sign contracts TO work for the company
two or three years. AS yet the company
has not decided on all the men who will go
to Alaska, but ii is generally understood
that the expedition shall be headed by r.
r. Dorey. who has had some experience in
placer mining in Dakota. He is a young
man of small stature, but Wlry and full of
energy. The company believes that with
his practical experience in mining and his
knowledge of ''roughing it, he will be val
liable man to lead the prospectors into the
land of untold wealth.
Quite a gOod-sized crowd was a the meet
ing last night. Some of the men seemed to
regard the scheme as good joke, even If 1t
never ''panned out" but it was clear that
all of them had a bad case of the gold
fever 1t was made apparent that if any
thing is done at all it must be within the
next week in order TO get the expedition
will on it's way this fall. One man eX-
pressed the situation when he said that the
men ought to be on the field before the great
rush that is expected next spring Every
body realized that it must be months be-
fore anything can be realized on the un-
dertaking but all of those who have so
far subscribed for stock can afford TO lose
profitable.
Everybody desiring to take stock in the
enterprise is invited to attend the meeting
day night.