The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-01-24
TRADE, INDUSTRY, LABOR.

The passage of the Philippine currency
bill by the United States House of Repre-
SentativeS is regarded in Mexico as q
serious blow to silver.
Adams Express Company has absorbed the
Morris European and American Express
Company and will henceforth engage in
European express business.
II is announced here that the engineers
of the Erie Railroad will ask for an in
crease in wages when the general board of
engineers meets in New York on Feb. Is.
The present rate of wages is said to be 31s
cents per mile.
United States Senator James p.
Clark, of Arkansas, has been appointed
receiver of the Bank of Little Rock, which
suspended payment on Tuesday. Applica-
ton for the appointment of a receiver was
not opposed in chancery court
Four of the largest cigar factories at
Havana have begun an independent move
ment by the signing of an agreement to
refrain for ten years from selling their
brands plants to the Tobacco Trust.
Other factories are expected to do likewise.
The GAINESVILLE & Southern Railway Com
pany, of GAINESVILLE operators Of an electric
line, has increased its capital stock from
$4,000 to 100000 The company proposes
to operate a network of lines running TO
the northeast and southeast from Column
bus.
The merger of vessel interests in what is
commonly known the Crowley fleet of
son, of Boston, is the chief craft into a
corporation, is assuming shape, the body to
be known as the Coastwise Transportation
Company, with $30Oo,oo0 capital.
Negotiations are in progress among the
owners of seven or eight of the so-calied
independent iron bar mills looking to a
combination of their properties into one
company. The proposed combination
would include practically all the Western
iron mills outside of the Republic Iron and
Steel Company.
1t is said on good authority that there
is little prospects OF the Canadian gov
eminent following the action OF the United
States Congress in removing the duty on
bituminous coal The rebate of duty by
Congress being only temporary, the opin-
ion at Ottawa seems To be that it would
be inadvisable for Canada to take off its
duty under me circumstances.
An involuntary petition in bankruptcy
was filed on Friday against John and Rob.
ert Wilde, of the firm of Samuel Wilde Sons
coffee importers, of New York. The petit
tioning creditors are III. G. Bennett & Co.
brokers. who allege that from Aug. q tC
Nov. IL of last year they loaned the Wilde
firm 100000 of which only $500 has beer
repaid leaving a balance of Sl035Oo. The,
allege further that the firm is insolvent.
The big tailor shops of Chicago which
have been shut down since the beginning
of the lockout of special order tailors
have resumed operations under police
protection. Union men. members of tn.
| United Garment Workers Union. replaced
the two hundred locked out women an,
| men i'm the shops of NJ. Born & Co. wher,
| the trouble originated. The opening of tbs
shops was accomplished without any dis
| turbance.
Announcement is made in the Nationa
| Labor Tribune that Theodore Shaffer, pres
| ident of the American Association of IroI
| and Steel Workers. will have opposition
| for reelection at the coming annual con
vention, which is 10 be held at Columbus
o.. in April. Lewis Good. promnen
sheet roller of Pitsburg, has decided TO b.
| a candidate for the presidency against Mr.
| Shaffer. and il is said the opposition i
| preparing 10 unite upon him.
Peace has been restored in the reorgan
| ization committee of the American Bicycl
| Company. and IL was announced on Frida,
| that the opposition committee headed b,
| Edwin Gould. had withdrawn from tn
| field. The opposition to the Read committe
| of reorganization. better known as the reg
4 ular committee, was based upon the har,
| treatment given the debenture bondholder
under the plan PROMULGATED. What was tn