The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-10
REALTY COMPANY FORMED
MORTIMER LEVERING, OF THE CO.
LUMBIA BANK, Is PRESIDENT.
1t VIII Operate with a Capital of
RIG OOO-A Traction Line and
Other Corporations.

A new financial and realty institution has
been added to the business world of Indian
apolis. Mortimer lowering, president IF
the Columbia National Bank. William F.
Churchman, cashier of the Capital National
Bank, Orlando L. Winks. Frank B. Clayton
and Charles Handler nave organized the
National Bond and Realty Company, with
a capital stock of $500. OOO. The new COM
pany was incorporated yesterday under
the laws of Indiana.
At the meeting. of the directors-those
named in the a~bove-which was held yes
terday afternoon. Frank B. Clayton was
elected president of the company; William
F. Churchman, first vice president: Orlando
L. Winks, second vice president; Mortimer
lowering, treasurer, and Charles Hamblen,
secretary. The company will
business Monday in rooms in the Newton
Claypool building.
The stock in the company is held entirely
by the gentlemen whose names appear in
the articles of Incorporation. For the first
few months it is stated that the company
will contine It's operations to a general
realty business. Later on ii will take up
the business of buying and selling State,
county and municipal bonds, buying and
selling notes, transactions in exchange, ac-
counts, etc.
Mortimer lowering, treasurer of the COM
pany, made the following statement yester-
day: THE National Bond and Realty Com
pany has purchased $50 acres of ground
just south of East Washington street, be-
tween Rural street and the Belt Railway.
This tract of ground has been plated into
building lots, which will be offered at once
for sale. Twenty residences will be put up
soon and offered to buyers at low rates,
with Inducements in the way of payments
on the installment plan. The tract will be
divided into 600 or 700 lots, ranging in price
from $3.50 to 500 or $3.50. These will be dis
posed of to investors or those seeking
homes on terms that will permit them to
make small payments at first and regular
monthly payments For the
lots whose price is lowest the first pay
ment will be SIS or $50.
"The company will not go into the bond
business extensively at first, but will con-
fine itself for the most part TO real estate
transactions. Other tracts will be plated
and offered for sale"
NEW TRACTION LINE.
A through traction line company, which
will build a line of electric railway from
Wabash to Lafayette, was incorporated
yesterday. The capitalization of the Wa
bash-Logansport Traction Company is $780,
900 and the following constitute the board
of directors: Charles W.. Blakeslee, Dennis
A. Blakeslee, Dwight w. Blakeslee, F.
Coleman Boyd. w. NJ. Anthony, Samuel G.
MOrehouse. John S. Bradley, Nelson Or.
Hunter and Lyman II. Law. All save 800
shares of the stock are held by the seven
first named, Hunter and Law holding 100
shares each and the other 500 shares being
distributed among several.
The new traction company purposes to
build and equip a local system at Wabash.
then to build a line west to Peru, then west
to Logansport. then west to Delphi and
from Delphi to Lafayette, which will be
made the terminal point. The company is
backed by the interests in control of the
Wabash River Traction Company and the
Logansport Street-railway Company.
The Auburn Buggy Company, of Auburn,
De Kalb county, filed Incorporation papers.
1t purposes to manufacture vehicles of all
kinds in Auburn and its capital stock is
placed at $50, 900. ]. L.. Bevington. w. A.
Boon, D. A. Garwood. Eugene Mcdowell.
Frank Hogue, Charles Schaab and w. II.
Mcdowell are the directors and hold the
stock Of the company.
The Evansville Head Zinc and Spar Com
pany, capitalized at 5000. will buy and sell
mining lands and prospect for minerals of
all kinds. The directors are Louis A. Daus,
j. Will Gleichman, Otto A. Carlstedt, John
H. Rohsenberger and Peter Emerich.
The Baldwin Telephone Company, Of
Montgomery county. capitalized at $3.50, in
corporated with the secretary of state yes
terday. 1t will establish a telephone sys-
tenn in Clarke and Walnut townships of
that county and will operate between New
Ross and Ladoga. The directors are Will
liam Baldwin. David A. Myers and Charles
A. Minnick. William Baldwin is president
of the company.