The Indianapolis journal., 1903-07-26
BANKS AND TRUST COMPANIES
SEVERAL INSTITUTIONS THAT HAVE
LARGE CAPITAL STOCK.
Local Corporations Listed In Moody's
Manual Have an Aggregate
Capital of S35,0OO,OOO.

years, attained the position OF one OF the
important commercial and financial centers
OF the Middle West. Probably nothing has
tended more TO give this city its present
position in the financial world than the de-
velopment Of the interurban railroad busi-
ness. OF the total capitalization of all the
banks, trust companies, light and power
companies and electric and traction rail-
ways of this city, amounting to more than
S55,OO0000, the traction and electric railway
companies represent 16.250.O0O
There are eight national banks, seven
trust and surety companies, eight traction
and electric railway companies, including
the Indianapolis Street Railway and the In
dianapoIis Traction and Terminal Compa-
MES, and ten other large financial institu-
tions in this city whose securities attract
attention in the East. Their total capitali-
zation amounts to $685. 7J0 OF this
amount the banks and trust and surety
companies represent a total capitalization
of $7,275,0OO. The total capitalization Of the
eight traction and electric railway compa-
nies amounts to SIC. 25O.OOo. The other large
companies represent a total capitalization
of S11, ,9O4, $50.
The American National, Indiana National
and Merchants National Banks, with a
capital stock of $1,OOO.o00 each, and the In
diana Trust Company. which has total
authorized capital stock of 81 100000. are the
largest of the purely financial institutions
Of indianapolis.
The Indianapolis Terminal e. Traction
Company and the Indianapolis Street Rail-
way Company, with an authorized capital
stock OF $5.O00.OOO each; the Indianapolis &c
DofIx. OOn0 0r
and the Indianapolis & Northwestern Trac-
tion Company, with s3.OOO.OOO capital stock.
are the largest of the traction and electric
railway companies. according to the amount
Of capitalization. Moodys Manual of cor
poration securities for 1903. just issued. is
authority for these figures.
The Indiana Poftland Cement Company,
which has 100000 capital stock, the In
dianapolis Gas Company. with $2.OOO,OOO cap
ital and the Tobasco Gold Mining and Mill
Ing Company, whose capitalization is ST.
100000, are the largest of the other miscel-
laneOus financial and industrial institutions
OF Indianapolis
BANKS AND TRUST COMPANIES.
Following is a statement of the size and
standing, of the banks and trust and surety
companies as given iR Moody's Manual:
American National Bank-Capital stock
paid in, s1.OOO.OOo; par 800; surplus. 100000;
began business in February 1901; John o.
Perrin president.
Capital National Bank-Capital stock paid
I'm, 100000; par, 500; surplus, sl3O,0O0; divi-
dends. per cent annually. January and
July L: Medford B. Wilson. president.
Central Trust Company : Capital stock
paid in. 100000; Charles Z. Coffin president
Columbia National Bank-Capital stock
paid in. 100000; par, 500; organized June
3. 1901; Mortimer Levering president.
Commercial Trust Company Capital
stock paid in, s15OOO0; w. w. Hubbard pres
ident
Fletcher National Bank - Capital stock
paid in. s5OO.OOO; par. 500; dividends 1902, Sc
per cent: s. j. Fletcher president.
Indiana National Bank - Capital stock
paid in. s1.OOo.OO0; Volney t. Malott presi-
dent.
Indiana Trust Company - Capital stock
paid in. 100000: par slOO: dividends. pei
cent. annually; John p. Frenzel president.
Marion Trust Company : Capital stock
paid in, $150O0O; par. 500: dividends. per
cent. annually; Joseph T. Elliott president
Merchants National Bank-Capifal stock
paid in. S1,00O.O00; par. 500; dividends, pei
cent. annually; o. n. Frenzel president.
Peoples Deposit Bank-Capital stock paid
in. 5000; par. S1G0; dividends, per cent
annually: Felix T. Mcwhirter president.
Secruity Trust Company-Capital stock
paid in. 10000; par. 500; Americus C. Daily
president
Union National Bank-Capital stock paid
in, $4,000; psr. 500; William J. Richards
president
Union Trust Company-CapitaI stock paid
In. 100000; par. 800; dividends, per cent.
January and July 1.
ELECTRIC RAILWAY LINES.
The eight traction and electric railway
companies are listd. as follows, in part, b,
Moddy's manual:
indianapolis, Columbus & Southern Trac
tion ACKNOWLEDGEMENTS in 1895 as tn,
Indianapolis, Greenwood & Franklin Rail
road; name changed to above in January
1903; operates nineteen miles of track be
tween Indianapolis and Franklin. and hai
an extension of twenty-one miles to Co
lumbus under construction. Capital author
izad and issued, 100000. par. s1eO. Bonds
s3o,VV first mortgage gold fves, due Feb
IL, 1923; interest February and August a
Trust Company OF North America, Phla
delphia; authorized. $l0O,o00, of which s7O0
O00 is reserved for extension TO Columbus
Officers: JOS. /. Irwin, president: William
G. Irwin. vice president and general man
ager; II. t. Miller. secretary and treasurer
directors. j. 1. and w. G. Irwin, H. Il. Mil
Ter, 4. 4. Sweeney and l.. l. Sweeney.
Indianapolis & Eastern Railway-Incorpo
rated I'm 1902 consolidation ef the In
dianapolis & Greenfield Rapid Transit Com
pany and the Indianapolis & Eastern Trac
tion Company; extends about thirty mile
OF track frora Knightstown to Irvington
an extension is being built TO Dublin Cap
ital stock, authorized and issued, ST. aD0 900
par. s1c0. Bonds. s2see0O first consolidate,
old 1ves. due July l. 1927: authorized 81
iroOOo. OF which $4,000 is reserved witt
s,hich 10 retire the indianapolis & Greens
ield first ffves and 10000 for extension
.Set earnings OF consolidated company 70
year ending Dec. 81, 1892, $i5.312 f. M
Eauvre PRESIDENT NJ. B. Wilson vice pres
ident. and John chipman. secretary
indianapolis q Martinsville Rapid Transl
Company-Incorporated In 190i TO construc
and operate aR electric road from Indian
spoIis ito Martinsville. about thirty miles
Capital stock authorized and issued. $3.50.
900: mar. 500. Bonded debt. $4,000 frs
mortgage 5 per cent gold bonds. due Jan