The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-10-21
TRUST COMPANIES AND BANKS.
One of the Afternoon TOpics--The Re-
ports by Districts.

ports by Districts.
At the afternoon session George II. Rus
sell, of Detroit, vice president of the ma
tional association, was called upon and mace
a very pleasant little talk He said this
was his first visit to Indianapolis, and COM
plimented the city highly It's beauty. its
weli-paved streets and beautiful buildings,
both public and commercial He spoke at
some length of the benefits the bankers OF
the country had derived from the National
Association in having place for the inter-
change Of views and discussions of problems
in practical banking that are coming up
every day. He predicted a prosperous future
for the Indiana Association.
The question of the relations of trust COM
panies and banks, one of the stated topics
of discussion in the programme, was brought
up, and l. H. c. Royse, of Terre Haute,
spoke upon the functions of the trust COM
pany as distinguished from that of the bank.
John H. Holiday also discussed the topic,
showing that in many particulars the func-
ton of the trust company was the same as
that of the bank. John p. Frenzel was also
called upon, but made simply social talk,
leaving his views on trust companies for his
banquet speech in the evening.
The nominating committee reported the
following list of officers, and they were
elected:
President-Allen M Fletcher.
Vice President-C. T. Lindsey
Secretary-Mard Garter.
TreaSurer-E. l.. Mckee.
Vice Presidents for Congressional Districts
First district, Henry Reese; Second dis
trict, A. C. Voris Third district, Hugh Z.
Rothert: Fourth district, w. F. North; Fifth
district, ]. Fl. c.. Royse; Sixth district, j.
B. Dougan; Seventh district James r. Hen
ry; Eighth district, c. II. Church; Ninth dis
trict, w. P, Heron; Tenth district, Morti-
mer lowering; Eleventh district, Milton
Shirk; Twelfth district, John Mohr. jr.;
Thirteenth district. Oliver g. Soice; two at
large, j. H. Holiday, j. J Perrin.
Executive COmmittee-For one year: w. p.
Welborn, J. l.. Bayard, e. w. Menaugh,
Jerome Allen, Q. A. Mount For two years:
5. A. Morrison, e. c. Lupton, d. A. Coulter,
W. w. Smith .. G. Long. For three years:
V. Il. Malott, NJ. E. Wilson, w. II. Niblick,
W. G. Irwin, Richard Ruddell.
The call of districts was made TO learn the
conditions prevailing throughout the State,
and such a tale of general prosperity has
never before been told in Indiana. The vice
presidents were called upon to make their
point. The vice presidents from the Sew
enth, Ninth, Eleventh and Twelfth districts
were not present, but the conditions in those
districts do not differ materially from the
others.
For the First district Mr.. Reese said the
conditions of business there We're more
favorable than they had been for years;
The crops were bountful and brought good
prices. Money was easy and the demand Tor
loans light.
For the Second ]. r. voris declared that
the general tone of business and the feeling
among all classes was better than 1t had
been for years
For the Third Mr. Rothert said the same
conditions prevailed in his section With
good crops and good prices, farmers We're
meeting their bills promptly He noted the
fact that many were holding their wheat 10
strike the dollar mark.
Mr. North, of the Fourth had the same
story to tell of prosperity among the farm
ers.
said the mines were all running at their
full capacity, with a better demand for coal
than they had known for years and the fac
tories of Terre Haute were running at llei
j. r. Dougan, of the Sixth district, de-
elared that business was very satisfactory
among all classes.
c. II. Church, of the Eighth, the gas-belt
district, said the thriving cities OF the belt
were prospecting handsomely. Their de-
posits showed large increase ana the lac
tories were generally doing We'll
Mortimer lowering, of the Tenth, said they
were enjoying wave of prosperity. me
farmers of the district were in good shape
and the factories were running with full
forces of men, many of them with orders
enough to keep them busy Tor year,
oliver G.. Soice, of the Thirteenth, told
the same story of prosperity in the northern
tier of counties.
John Fl. Holiday, one of the vice presi-
dents-at-large, was called on 10 respqbu iV VI
other districts" said he correctly reflect
the tone of business in Indianapolis, and we
have great reason to congratulate ourselves
upon the prosperity the city Is enjoying.
Our only trouble acre is that there IS not
quite enough demand for money but we can
see coming the time when all our resources
will he In demand Indianapolis, during the
four years of depression, has Jared as Wen
as any city in the country and better imam
most. We have not had here widespread
failure and distress, though we nave nau
some privation. The business of the city
was never in SO good condition as to-day
Never have there been so many men VINO
owned the capital upon which they operate.
indianapolis is an economical and prudent
CITY in the main. and has taken TO neart
the lesson Of twenty-five years ago. she is
thus better fortified for adversely, but the
city Is now enjoying a degree OF prosperity
that seemed impossible two years ago.
Mr. J. O. Perrine, the other vice president
at-large made few remarks, IN which ne
called attention to the chattel-morrgage
evil and the association auJourneu' 10 meet
again at the banquet
The question of the monetary commission
was touched upon when Mt Holiday, Just
offered the following resolution, which, UNI
der the constitution, went to the executive
committee and will come up for action IN
the convention this mornings
Resolved That the Indiana Bankers
Association regards the appointment OF
nonoartsan commsslon py Ins exec atav,,
convention as wise step in the direction
of better currency and banking system.
The na Is atrnflc men and his
association trusts that it's investigation of
the financial systems Of the world and the
conditions and needs OF our own w county;
and banking in support OF which the peo-
pie can heartily unite"
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