The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-06-07
NOT UP TO DATE.
INCLUDED FROM FIRST PAGE.)

OONCLODED tROM FIRST fAGE.)
par value of 800 The incorporators are
Herbert G. Lakin, Francis Woodbridge,
Louis De L. Downer, all of Jersey City.
Efforts are being made by delegation
of Birmingham, Ala, business men TO in
terest Chicago bankers in the establish
ment of a national bank in that city, 10 be
controlled by Chicago interests. The pur-
pose of the Southern people is to get sur
plus money from the North into their sec
ton. The earning power of banks in that
section is said to be twice that in Chicago.
Shareholders of the Amalgamated Cop
per Company. in session at Jersey City.
yesterday voted almost unanimously their
approval of the purchase Of the Boston and
Montana and Butte and Boston Copper
companies, on the exchange basis of five
and one-half shares Of Amalgamated stock
for one share of the former and one and
oLe-third shares of the latter. The con-
soidated capital Will be s155,O00000.
A company with omnibus rights to do a
general banking. shipping. mercantile. min
ing. railroad and manufacturing business
In the South American republics, Porto
Rico. Cuba and the Philippines has secured
the Connecticut State Senate. The new
company is TO be known as the Interna-
tional Company, with a capital stock OF
100000, which can be increased to 5000 GOO
later.
The conference between manufacturers
and the Amalgamated Association of Iron,
Steel and Tin Workers over the iron scale
will not be held in Milwaukee, This
decided yesterday after a conference be-
tween Secretary James III. Mutt. of the
Bureau of Labor of the Republic Iron and
Steel Company. and President Shaffer. of
the Amalgamated Association. The date
selected is June Is No decision has been
reached as TO place
The Everett Moore syndicate has secured
tween Toledo and Cincinnati. and will make
the route a passenger thoroughfare as well
as freight The syndicate now controls
electric traffic between Pontiac. Mich. and
Cincinnati, O., a distance OF 300 miles. IL
is said the line when completed will have
in its equipment sleeping and dining cars
Work on the new plans will begin at the
Cincinnati end at once.
The convention of the National Associa-
ton OF Master Plumbers, at Kansas City,
yesterday Endorsed the New York confer
this body TO place a blue list before the
master plumbers Of the country. and that 1t
further be a local right TO establish local
tee ruled that henceforth apprentices would
he governed by uniform system under the
control of national, state and local associa-
tons
The New York Mail and Express saws:
''It is expected that official announcement
of the Cramp-Vickers ship-building con-
solida ton will be made within a few days.
Bankers admit that the absorption of the
Bethlehem steel works by this combina-
ton is extremely probable. They say fur
Their that the relations between the Cam
Pennsylvania steel people and j.
friendly and that there will be no contest
for control of the Bethlehem works.
There is considerable alarm in Switzer-
land says the Geneva correspondent of
the London Daily Express, lover a report
that j. Pierpont Morgan contemplates the
formation of watch combine TO Kill of
the importation of Swiss watches and ma
terials. 1t Is said that the combination will
include the Philadelphia Watch Case Com
pany. of Riverside, n. j., and the Stand
ard Watch Company, of Lafayette, n. j.,
oil nrIao Cr.-fr-
facturers intend 10 fight the contemplated
trust"
A Bluefelds. w. Va, dispatch says the
statement that the Pocahontas coal fields
were likely 10 change hands was partly
confirmed yesterday by the unofficial
nouncement that the Flat-top Land Asso-
citation was about to dispose of it's holdings
to the Standard Oil Company. This asso-
citation owns the greater part of the land
in Mercer. Mcdowell Wyoming and Ra-
leigh counties, West Virginia, and Tazewell
county, Virginia, which is undertake by Po-
cahontas steam coal. The price is said TO
have been s13,0c0,000.
The United States Brewers Association
at Buffalo yesterday after considera BILE de-
bate adopted resolution with the object
of bringing the country brewers into their
association. During the debate IL was
stated that as a rule the country brewers
were not members and this was regretable
to many members because of the fact that
country brewers exert considerable politi-
cal influence. The convention adjourned
after the election of the following Of
hcers President, y. w. Kendall. of New
Haven; treasurer. Herman +. Scharmann,
of Brooklyn.
The Western Insurance Union adjourned
at Niagara Falls, yesterday 10 meet AT
Round island, among the Thousand islands
in September. The matter OF separating
agencies from nonunion companies was de-
ferred until the September meeting. The
city committees recommendation that
commissions in Chicago. St. Louis. Cincin-
natl, Cleveland. Louisville and Milwaukee
be reduced Is. 20 and y per cent. 10 union
graded commissions according 10 the char
acter OF the risk as soon as 80 per cent Of
the companies doing business in those cities
shall agree, was adopted.