The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-03-14

James B. Speyer, r. 3. Van Cortland and
G. R. Fearing jr., have been elected d.
Mr.. Fearing represents Boston interests in
the company.
The Detroit Free Press says that a new
Independent tobacco factory with capital
of $5,0OO,0O0 furnished by Eastern capitalists
is to be built in Detroit, and that John A.
Grow, formerly with Daniel Scotch & Co.,
Is to be its manager.
1t is announced that the New York firm
which supplied the fountain at George j.
Gould's country home, Georgian Court. at
Lakewood, N. j., has been asked by the
King of Siam to make an estimate on the
cost of erecting similar fountain, five
times as large, in the central courtyard of
his palace.
The plant of the Illinois Steel Company,
at Joliet, will resume work next Monday
morning in all departments, after being
idle for several weeks on account of
scarcity of coke. This will put three thou
sand men to work and also means the re-
sumption of work in the mills of the Ameri-
can Steel and Wire Company, where two
thousand men are employed.
Sixty-five thousand dollars of Hawaiian
money has been transferred from the
United States subtreasury to the San Fran
cisco mint. This is the first consignment of
Hawaiian coins to be melted and turned
into United States money The work of re-
coinage will begin at once, and as soon as
the metal bears the stamp of the Ameri-
can eagle and the seal of the island money
will be sent to the mint by the San Fran
cisco subtreasurer. There is still 100000
of this money in the subtreasury and from
now on until the 81. 900 900 point is reached,
every steamer from Honolulu is expected
to bring more of 1t for recoinage.
Messrs. ]. w. jerks. of Cornell Univer-
sity, Charles A. Conant, vice president OF
the Morton Trust Company of New York.
and Edward Brush vice president of the
American Smelling and Refining Company.
invited by Finance Minister Limanrcur to
visit the City Of Mexico to study the silver
giving Mexico a stabilized currency, were
formally presented to Finance Minister
Limantour on Friday. Much is expected
Americans The conviction grows that the
country will soon adopt modified gold
standard giving stability of value to the
silver peso.
The annual report of the Hamburg
American Steamship Company, made pub
lie at Berlin Friday, shows the net profits
to be s4.039,060. against si.sSS.63o for 1901. A
dividend of Az per cent. was declared,
against per cent. the previous year. The
write-off of the steamers was s2.21l SIG.
against s.. 1857 39S. The report says 1902 was
an uncommonly bad year for freight from
the United States, that the exports OF
Germany to the United States increased
and that the north Atlantic passenger bust
ness was exceptionally good. The company
was unable TO avail itself fully Of the pas
senger possibilities owing to the accidents
to the Deutschland.
Police Commissioner Francis V. Greene,
of New York. who is president of the
Asphalt Company of America, was served
Friday night with an order signed by Vice
Chancellor Stevenson, of Jersey City. re-
curing the company TO show cause why
the proceedings brought in the United
States Circuit Court for the District OF
New Jersey, appointing receivers for the
company, should not be dissolved. The ap-
plication was made by Charles E. Hen
erickson, Jr., representing two OF the hold
ers of what Is known as the gold certif-
Gates of the company. The company has a
capital stock of $3o.00o00o. and in addition
issued the same amount OF gold certificates
or bonds. A short time ago two receivers
were appointed by the United States Circuit
Court of New Jersey on the ground that
the company was insolvent.
Through Treasurer Frank A. Branagan.
OF the Philippine archipelago. the controller
of the currency at Washington has received
reports OF the condition on Dec. 81. 1902 OF
banks doing business In the Philippines
The reports embrace returns from the