The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-06-03
new CONSOLIDATION TALK
w. b. HoLToN's SCHEME FOR LO-
CAL CHAMBER OF COMMERCE.
He Wants Board of Trade and Com
merciaI Club to Join Hands
Members in Arrears.

A consolidation of the Board of Trade
and the Commercial Club has been talked
about for years in business circles and sew
eral schemes have failed, but until the
meeting of the governors of the Board of
Trade last night there had been little to
indicate that there might be such a con-
solidation. w. B. Holton presented a writ
ten proposition relative to the consolida-
ton which so interested the board of gov
ernors that President Appel was instruct
ed to appoint a committee to look into
the feasibility of the plan and report the
result of it's investigation to the board.
This was all the action that could be taken
by the governors. as IL was pointed out
that they would be powerless to act, even
to the extent of entering upon any negotia-
tions with the Commercial Club. without
the consent of the entire Board of Trade.
Mr.. Holton proposes to merge the two
bodies into one, erect large, modern build
ing of sufficient accommodation, and call
1T the Chamber of Commerce. He pointed
out that the Board of Trade needed new
building and was DESTROYS of securing a
better location and increased facilities, and
that the Commercial Club had outgrown
its building and that 1t needed more room
than could be provided in its present quar-
ters. He proposes to have appraisers APP
pointed to take an inventory of all the
property owned by the two bodies and sell
it and use the proceeds to erect a new
building. Shares would be issued at $40
each, and the dues should be s12, payable
semi-annualy, 81 of which should be set
apart for the mortuary fund and IS for the
general fund. The mortuary benefit in the
Board of Trade would be taken care of by
the new organization, the details of which
Mr.. Holton sets out in his proposition
A number of the members thought the
proposition was worth looking into" and,
although no one expressed al opinion on the
conSolida ton, IL seemed to be the general
desire to inquire into the plan and de-
termine if such consolidation would be
A motion to declare dividend of the en-
tire amount in the treasury at the end of
the fiscal year was laid over until the next
meeting of the board. The annual election
will be held next Monday and it is GUS
tomary for the new administration 10 de-
eide about the dividend.
Three members were reported dropped for
nonpayment of dues. and there was dis
cussion over their reinstatement. 1t was
contended that they had been valuable men
to the Board of Trade and a request was
made that the rules be suspended and the
men reinstated. The board refused to take
such action, ii was said ii would mean
the reinstatement OF all delinquent men,
bers I'm the last ten years. The secretary,
however. was instructed to send a ten days
notice TO each mSmeber OF the membership
committee, notifying them of the arrears Of
members, with view to interesting them
and taking up the matter in time so that
delinquent members would not be dropped
"A motion carried to send delegates to the
National Hay Association, providing they
pay their own expenses.
Joseph C. Gardner and K. Clifford Barrett
were elected new members of the board
The auditing committee and the secretary
will make their financial report to the board
next Saturday night prior 10 the annual
election Monday. So far there is but one
ticket the regular" but independent
ticket and perhaps two, will be posted be-
fore the election.