The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-04-23
THE NEW TRUSTCOMPANY
III STARTS ~ BUSINESS WITH a CAP
ITAL OF s5OO.OOO.
The Directorate and Officers Include n
New LAW satisfactory.

The Security Trust Company of Indiana
was the largest corporation granted a GER
tihcate by the secretary Of state yesterday,
and one Of the largest organizations of In
diana capital formed for some time. The
capital stock is $4,000. Americas c. Daily.
ex-auditor Of state, is at the head of the
new trust company. and this fact. together
with the prominence and high character of
his associates. enables the new company to
start into its chosen field with brighter
prospects than are usually enjoyed by new
organizations of a similar kind.
The directorate contains the following
welI-known names: Americas c. Daily,
William f. Churchman. cashier of the Cap
ital National Bank: George j. Marott, CAPT
talist; Enos II. Nebeker. ex-United States
treasurer. residing at Covington, Ind; Nor
timer lowering. banker, of Lafayette; Or
lando NJ. Packard. bank examiner; r. l..
O.Hair, of Greencastle; Alfred NJ. Ogle and
John l.. Grifhths. of this city.
The officers of the company are: Amer
icus c. Daily. president, Orlando NJ. Pack
ard. first vice president: George j. Marott,
second vice president; Alfred NJ. Ogle, sec
rotary: Wm. r. ~ChuTchman, treasurer. The
stockholders include about sixty-hve bank
ers of Indiana and seventy-fve business
men and merchants.
The articles OF incorporation filed by the
new company were exceedingly voluminous.
made so by the grouping together Of the
certificates Executed by men who have pur-
chased stock in the new organization. The
annual election will be held on the first
Monday of May in each year. The COM
pany Will do a general loan, trust and safe
deposit business. The advance announce
ment of its probable formation created
widespread interest when given TO the pub
lie through the newspapers a short time
ago. The company was organized by New
ell Lodge. of this city. in a remarkably
short time.
Mr.. Daily was seen i'm State Auditor
Harris office yesterday afternoon and asked
about the new company of which he is the
head. There is nothing OF especial inter-
est to give out about it," he said, except
that we are making a fine start. Stock
subscriptions are being received at a most
gratifying rate. Only this morning we re-
ceived by mail applications for $50. 1000 worth
of the stock. To my mind il is an excellent
indication that the financial condition of
the country is admirable. There seems TO
be plenty of money seeking investment. and
my associates and myself deemed the pres
ent a most opportune time for launching
such an organization as the Security Trust
Company Of Indiana
The offices of the new trust company Will,
for the present. at least, be at No. AZ North
Pennsylvania street, one door south of the
drug store at the corner or Market ana
Pennsylvania streets. 1t Is expected TO
have everything in readiness TO begin busi-
ness Wednesday of next week.
The Dickinson Trust Company, OF Rich
mOnd, which was organized a Few days ago
with a capital of $4,000 notified Seeretary
to increase its capital TO 100000 and its di-
rectors to eleven.