The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-06-19
TRADE AND INDUSTRY.
Items of Interest Concerning New and
Old Enterprises.

The BaZanopia Mining Company, of ESQ
pus county, was incorporated at Albany, n.
y, yesterday, with capital of 81, 500, 600, to
carry on mining industry in Mexico.
Commissioner of Internal Revenue Yerkes
has ruled that banks or statiOners cannot
make claims for the redemption of docu-
mentary stamps belonging TO customers
others, but may purchase such stamps and
make claims in their own names.
The Republic Iron and Steel Company is
erecting at Youngstown, o., the largest
bar and billet mill in the United States The
plant Will have four stands Electricity will
be used largely the motive power and
the capacity tor production will be very
large.
The New York Times says this morning:
1T is announced that arrangements are be-
ing made for the sale of the Colts Patent
Firearms Manufacturing Company, of
Hartford Conn; to the ne, Colts Arms Com.
made public"
Directors of the American Strawboard
Company met in Chicago yesterday and
adjourned. owing to the absence of Pres
ident Newcomb, who is said to be i'll, with
out acting on the declaration of a dividend.
The failure respecting the dividend is taken
to mean that no dividend will be paid be-
fore November.
which is controlled by John ID. Rockefeller
and the Standard Oil interests, is negotiat-
ing for the purchase of the National Bank
of Commerce and the First National Bank
OF Kansas City. The National Bank of
Commerce has a capital OF 81 900, 900 and its
deposits are above $780, 900, and the First
National is also strong concern.
The stockholders of the American Cotton
Company. at the annual meeting yesterday,
adopted an amendment to the bylaws in
creasing the number OF directors from nine
10 thirteen. The directors elected the fol-
lowing officers: James ). Cannon, chair
man of the board; Albert G. Case, presi-
dent, William c. Lowering, vice president;
Hampden L. Tener. jr.. treasurer, and Sam
uel =. CanONer, secretary.
II have notified those interested in busi-
ness with me that, within two years. shall
retire from commercial life. l shall then be
sixty years of age and ready 10 quit work"
ON his return from two months Euro
pean trip last night Frank "A. Cooper, OF
Siegcl, Cooper * Co., Chicago, thus an
tive participation in the management Of the
business he has helped to build up.
The Industrial commission has received
and will print as a part of its permanent
report a number of affidvits making reply
70 the testimony of John D. Archbold of
the Standard Oil Company, before the COM
Hon. r. ;. Monnett, formerly attorney
general of Ohio, James w. Lee OF the Pure
Oil Company. NJ. l.. Lockwood and Charles
B. Matthews. of Buffalo, \. y.
In the United States Circuit Court at St
Louis, yesterday. Judge Marshall decided
that the Western Electric Company, of
Chicago. was entitled 10 an injunction re-
straning the Kinloch Telephone Company
OF St Louis from using the SWITCH boa ri
IL has at present. The company is allowed
thirty days In which TO comply with, the
courts order. IL is said that the case will
be appealed by the kinloch Company
The Morris-Garfeld syndicate has pur-
chased of the Perry-Payne estate. at
Painesville, O.. a tract OF l15 acres Of land
for $l75 600 The object of the purchase is
10 reclaim a marsh on the west side OF
Grand river. and build ore docks as an
outlet for the extension OF the Alliance a
Northern 10 Fairport. The docks will DC
built at once The work of extending the
Alliance & Northern from Phalanx TO Fair
port is now under way.
Steps toward forming permanent or
ganization 10 arrange an Irish exhibit for
the Louisiana Purchase Exposition has
been taken at the meeting OF the Irish
National Worlds Fair Association In ST.