The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-02-03
TRADE. INDUSTRY. LABOR.

, The Iowa Supreme Court has decided that
the Iowa cigarette tax, which imposes
tax of $500 against all dealers in cigarettes.
is valid.
parts of the country were present when
the convention of United Brewery Work
ers reconvened at Cincinnati on Monday.
Six hundred carpenters and engineers in
the Wyoming valley. Pennsylvania, went
on strike because the building contractors
from $3.50 to 50 a day.
Announcement is made that the Illinois
Central Railway Company has purchased
306 acres of land adjacent to its tracks a
short distance south of Memphis for use in
increasing it's terminal facilities there.
BY a unanimous vote the City Council of
Chicago placed itself record Monday
night as desiring municipal ownership and
operation of gas and electric lighting
plants. The Legislature will be memorial
lied to pass an enabling act at once.
The Haitian finance minister has drawn
up bill for the issuance of S,OO0.OOO of
paper money. This issue will be guaran-
teed by 10 per cent. of all dues paid in gold.
by doubling the import taxes and rails
ing all export taxes except the tax on cof-
fee.
The half-yearly report OF the Republic
Iron and Steel Company shows net profits
of N3S4,l25, gain of $4,000. President
Thompson says the company has acquired
ore properties making now a total of 1900
pany's plants for thirty years. He COM
plains of transportation facilities.
z. W. Winter was elected president of
the Brooklyn Rapid Transit Company fol-
all the other outgoing officers were re-elect-
ed. Mr.. Winter succeeds Jacob l.. Great
singer on the board and as president of the
company; He was at one time president OF
the Northern Pacific railroad.
The indicted officials of the Retail Coal
Dealers Association of Illinois and Wiscon-
sin have reached an agreement with States
Attorney Deneen at Chicago and state
ment of facts including price lists, bylaws
and constitution of the association, was
filed with Judge Horton. The cases will
be argued on the counts concerning con-
spiracy under the statutes and the common
law, the antitrust indictment being elm
mated.
Stephen j. Meeker, successor to d. M.
Meeker & Son.. iron founders at Newark,
N. j., made personal assignment on Mon
day. At the same time the Smile Coupler
and Manufacturing Company. of New
York. made an assignment. The liabilities
of Meeker are placed at S25OOO. with no
appraisement of the assets Those OF the
Smile company are placed at $4,000. Meek
er is president and principal stakeholder
of the coupler company.
The consolidation of the Savings and
Trust Company and the Citizens Savings
and Loan Association of Cleveland was for
maly ratified on Monday at joint meet
ing Of the stockholders of the two concerns.
The total deposits of the combined banks
are about s21 100000. exclusive of trust
funds. The new company. to be incor-
porated this week. will be known the
Citizens Savings and Trust Company, and
CAPITALIZED at S,000.000. II. r. Newcomb
will be president, with p. r. Mutt secre-
tary and Horace T.. Corner treasurer.
The Louisville Herald says: 1T has just
been ascertained that at a secret meeting
of over twenty Kentucky distillers held in
this city Saturday night 1t was determined
to begin an organized campaign against the
anti-liquor legislation now being considered
by the various legislatures of the country
and especially by the general assemblies
of a number of Southern States. A large
fund has already been raised to defray the
expenses of the movement and deter
mined effort will be made TO block the va
rious measures now under consideration.
1t. was announced on Monday that the
New York clearing house committee viii
recommend to the full association or
Wednesday new set OF rules controlling
will require all such companies clearing
| through the association to keep pei
| cent. reserve and provide for an increase
| of that amount by degrees at specified
| times until 10 per cent. reserve shall
| have been reached. This maximum amount
| is two-thirds of the reserve which the New
| York State laws compel State banks to
carry.
| The Circuit Court at Columbus. o., has
| approved the report of the master commits
sioner appointed TO take testimony In the
action OF the States against the Amazon In
| surance Company. of Lima. and ordered
that Judgment of custer be issued against
| the company. The company is organized
| under the laws of West Virginia. and has
| its main ONCE in Lima. Writing no insur-
| ance in Ohio, IL put forth the claim that
| il was not amenable TO the insurance laws
| of the State. With an Ohio Office il OBJ
tanned all the standing of an Ohio company
| without complying with the strict insur-
ance laws OF the State.
Reports that the refiners of the leadinf
| sugar companies have suspended operations
| indefinitely because of the large supply OF
| refined products are officially denied Al
| the office of the American Sugar Refining
| Company In New York IL was said thai
only one refinery. that in Jersey City, hat
| shut down. IL was admitted that th'
Brooklyn rehneries were not working q
their full capacity. The National Sugar
| Company. which has close business rela
| tons with the American Company. an
nounced the closing OF refinery In Yonk