The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-01-30
Labor. Business and Industrial.

At meeting of the shareholders OF
the Deutsche Greunschuld Bank, at Ber-
lin. yesterday ii was voted that the lnsu-
tuition go into liquidation.
Dispatches from London stating that the
Russian government has arranged for a
s50,O00,000 loan with American insurance
companies is positively denied in authori-
tative circles at New Iork.
A general strike of the employees of the
Paris Underground Railroad has been de-
clared. The stations are occupied by
troops There is a general congestion Of
passenger traffic. especially among shop
pers and people travelling TO and from
business.
The committee of creditors of the Josiah
Morris Bank, OF Montgomery, Ala, which
suspended last Saturday. reported yesterday
that an investigation of the banks affairs
showed the total assets TO be SOC. Sal and
liabilities 81 ,325 2S3. The bank has s230
cash on hand, with cash out from other
banks amounting 10 Sl9521.
The New York Herald says that a trans
fer or large blocks of stock has rlace,l
Edward II. Hartman In controi If The Chi
cago Terminal Transfer Railroad Company
and its connecting lines. According TO the
Herald the largest individual stockholdcr
in Chicago Terminal and Transfer secur-
tiles had been for some time the I)eutso ne
Bank OF Berlin.
The national executive board of the Iron
Molders' Union of North America will meet
n Cincinnati next Monday 10 arrange a
conference with committee from the Ma
tional Founders Association looking to a
settlement of the Cleveland strike, which
has been on since July 2 The conference
will be held either in Cincinnati or Cleve-
land in February.
James ]. Hill left New York last night
for ST. Paul. The New York Press com
menting upon Mr.. Hills departure, says:
1.-THE completion of the railroad deal,
whereby the Chicago, Milwaukee & St. Paul
would pass to the control of the Great
Northern and Northern Pacific has been
abandoned. but the interests were so many
that time is required to carry the negotia-
tons TO a successful conclusion
The Minneapolis Times says the financial
heads of the big railroads of the United
States have caused to be addressed to
every railroad president throughout the
country circular letter calling for a con-
ference in New York on Feb. Is. The cir
cular bears the Vanderbilt, Gould. Morgan.
Hartman signatures. II Is believed ma
tional legislation bearing directly upon the
railroad interests of the country will be one
of the main topics discussed.
Application has been made before Vice
Chancellor Emery, at Newark. n j., Tor
the appointment of a receiver for the
Rogers locomotive works. William Pen
nington, as counsel for Jacob Rogers,
the principal owner, made the application.
The receiver will be appointed next Sat
urday. Last Saturday the concern ceased
to exist as the Rogers locomotive works.
and the directors became trustees. The
works will now be sold to the highest bid
der, as the law provides.
The directors of the American Steel and
Wire Company issued a statement TO the
stockholders yesterday that action on the
dividend question on the preferred and
common stocks of the company had been
postponed until the next meeting of the
board in March. 1t was also announced
that the amendment to the bylaws makes
ii obligatory on the directors to take ac-
ton on the dividends quarterly, commenc-
ing March i next The board voted to
advance prices on standard goods 81 ton.
effective at once. The statement to the
stockholders for the year ending Dec. 81.
1900, shows net earnings of SS.002. 129, of
which $l,000,000 is marked off for deprecia-