The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-02-05

The coliseum fund took a Jump toward
the 100000 mark yesterday. Four subscrip-
tions of $1,000 each were reported. By Sat-
urday night the amount will pass the mark,
If the expectations of the COMMITTEES are
realized, and there is every reason to be-
lieve they will. Captain Lemcke's subscrip-
ton came from his public spirit and inter-
est in the progress of indianapolis. The
subscriptions of Henry and Gustav A
Schnull were given in the same spirit
The subscription of ID. W. Marmon and
c. G. Perry are an interesting example.
Mr.. Marmon is president and Mr.. Perry
secretary of the indianapolis Light and
Power Company. This corporation was
solicited for contribution. Upon consult
ing its attorney the officers found that they
could not legally divert 5000 of the COM
pany's money for a subscription for coli
scum stock because of the law authorizing
the Incorporation of the company. Not will
ing TO use this an excuse for not making
subscription. Mr.. Marmon and Mr. Perry
each subscribed 1000. In doing so they told
the committee that If it became necessary
to call second time, after thorough cam
vass had failed to bring the full subscrip-
ton, the committee would be met with an
was elated over the interest taken by the
two chief officers of the Indianapolis Light
and Power Company.
Chairman George F. McCulloch, of the
coliseum executive committee, is in New
York, and I'm his absence Vice Chairman
George A. Gay is at the head of the COM
mittee: The fact that Mr. McCuloch is in
New York Is not expected to prevent his
activity In the coliseum project. He took
with him memoranda. There are several
indianapolis interests in New York which
mi ha xNron f.I
fund, and should Mr. McCulloch connect
with them he is likely TO bring home other
interesting memoranda in his grip. Mr.
McCulloch is regarded as an Irresistible
force from this viewpoint and the New
York interests are not regarded as immova-
bic objects.
GOOD PROGRESS.
Yesterdays progress indicates that the
committee will. in the language of the race
track, soon "be at the half and running
easy" When the half-the $125,OOO POSTS
reached. there will be an acceleration of the
speed of the work Saturday the committee
will meet to take another jump and clear
the 100000 post. IL the post is cleared-and
there is no doubt but that it will be-the
feat will be record breaker 1t will be
just thirty days on that day since the first
SubScription-Hugh j. McGowan's s22 800
was announced. The Merchants Associa-
ton banquet was held on the night of Jan.
8, but the first subscription was not made
until one hour of the day following had
mittee has received in subscriptions each
day &,333.33. record probably never
equalled before IN the country.
when ! think of the long time required
to get the same amount for the Kansas City
convention hail." said Mr.. MCGOWAN, II be-
gin to realize the tremendous public spirit
that has been manifested. When / re-
member the difficulty that has attended
some other enterprises of civic pride I
realize all the more the spirit of progress
amongst indianapolis men of means
Though l feel pretty well at home i'm In
dianapolis. i still feel that this large-mind-
edness means revelation of the highest
type. of public spirit the city has ever
met"
Subscribers are universally satisfied that
their subscriptions represent a profitable
investment as well as responding 10 their
sense OF civic pride. Looked at from the
cold-blooded business point of view the SUBJ
scribers have found that there is every
reason to expect dividends. Frank Muir
ply read letter to the committee yester-
day from the secretary of the Chicago
Auditorium Company. This letter showed
that the total cost of administration and
maintenance of this building s1S,300
last year. The building rents for $4,000
a month. The secretary wrote that IL was
used only seven months in the year. 1t
cost 100000 and in the seven months, infer
entially, its gross earnings We're $4,000
This represents per cent. on a capitaliza-
ton of 100000. This company only rents
its building. 1t is rarely that 1t is rented
on a percentage basis. Ii was rented to
week. The horse show cleared $4,000
IL the Indianapolis Coliseum Association
gives its own horse show and other enter
tainments its profit will be proportionately
large for the profits on its entertainments
will more than twice balance the difference
between Indianapolis and Chicago rental
opportunities.
When the committee adjourned yesterday
Ii was to sell per cent. stock.