The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-06-12
HAD A PROSPEROUS YEAR
BOARD OF TRADE HOLDS ITS AN
NUAL MEETING.
Status of the Organization Shown by
the Secrctary's RepOrt-ResOlu-
lions on Colonel Lilly's Death.

The annual meeting Of the members of
the Indianapolis Board Of Trade was held
last night in the governors room at the
building of the board. The hot weather had
the effect of not only keeping a large por-
ton of tho membership away, but also
created a desire among those pres
ent to finish up the business of
the meeting as quickly as possible. The
meeting was therefore short one and real
ly consisted of merely hearing and voting
on the report of the secretary, Jacob w.
Smith, which was, in brief, as follows:
For the year including the last seven
months in 1897 and the first five of 1898 the
receipts for the general fund were $25, $3.50,
disbursements $24,SS011, leaving a balance
in the fund of s1,0797S. In the mortuary
fund the balance on hand at the beginning
Of the year was 81. The receipts were from
all sources $5,159, disbursements $4.446; bal
ance in the treasury at present STA.
The schedule of assets and liabilities are
as follows:
Assets, including building and all invest
ments, $91, S94S1; liabilities, including a trust
fund for the soldiers and sailors monu-
ment and outstanding notes, $3;5S926 leav-
ing the net resources, $S8, 305.55. During the
year the rental receipts have been increased
$27325, while the inspection receipts ex-
ceeded those of last year by $91717. Dur
ing the meeting a discussion of the value
of the membership certificates of stock in
the surplus fund.- developed the fact that
should the affairs of the board be wound
up at once the value of each certificate
would be $11.32. 1t was stated that the fact
that some memberships sold for more than
others was a source of confusion to new
h,1t fhn in
in the fact that some have more certificates
attached to them than others. These certi-
ficates are given to members on the pay
ment of each years dues and constitute a
share in the net assets of the board and are
subject to dividend The only other bust
ness transacted was the passing of the fol-
lowing resolutions of coincidence and respect
on the death of Col. Eli Lilly, for several
years a member of the board, a copy of
which was sent to the family of the de-
ceased:
Whereas, Col. Eli Lilly, a member and
ex-governor of this board, died on June 3,
therefore, be 1t
Resolved, That the indianapolis Board
of Trade joins with the whole community in
deploring his DEATH and desires to place
upon record its appreciation of the many
noble qualities that united in him to make
a citizen of most uncommon usefulness.
Gifted with an attractive personality;
heart sympathetic and tender; an unfailing
interest in his felow-kind and a faith that
never surrendered to doubt, the discipline
and experience of an active and varied life
wrought in him a rounded character whose
excellence and loneliness we apprehend, now
that it's earthly work is complete. His serv-
ices to this community in all the conspicu
Gus places he was called upon to fill were
marked by the most unselfish devotion to
the public interests and were made effective
in high degree by untiring zeal and inteli-
gent effort. He was straightforward and
kindly; upright and honorable in all the re-
latons of life; answering in his friend
ships; loyal to truth; loyal to duty; man
whose life was an example and stimulus
and an incentive to others. That life has
ended. but its work remains and its in
fluence will be felt here, even when men,
DRY has passed away with those of who
were privileged to know this man, who
stood among us for a while
-Four square to all the winds that blew"
WILLIAM SCOTT,
JOHN P. FRENZEL,
JOHN H. HOLIDAY.