The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-01-23

lnOld0d as IL Will Tor the CITY OF lnQldndp-
oils. and because L want to do my share
to help il along"
The coliseum fund in growing consistent
ly. Two contributions yesterday sweled the
total within s., 500 of the $4,000 mark and by
the end of the week 1t is predicted the
100000 mark will be passed. Efroymson &
Wolf, proprietors of the Star Store, gave
their subscription largely from motives of
civic PRIDE direct business value and faith
in the success of the coliseum as a popular
educational institution Governor Durbin is
member Of the soliciting committee of
which George F. McCulloch is chairman
He is not interested in the city of Indianap-
oils in any way that a coliseum would d.
rectly benefit. His contribution came solely
from public spirit and State pride for, as he
said, he believes an Indiana coliseum is
needed. The Governor is too busy with the
affairs of State to give any time now to
promoting the subscription list.
The soliciting committees yesterday
found large revision of opinion on the
investment character of coliseum stock.
Following this subscription did the APP
peals for the technical institute fund many
were inclined to put IL on the same basis
and regard any subscription as gift. The
committees are making plain that the ZEN
tire S25O.009 is to be invested in real estate
TO the property regulates the value of the
stock If a subscriber for 81, 900 of stock
should find a year after the coliseum is
built that ne needs the money which his
subscription represents he will find its value
on the stock market. If the coliseum is
profitably managed and dividend of or
per cent; is in sight, or has been paid he
will find that value very close to paf. Any
stock capable of earning 5 per cent an
nually is worth par on exchange. Even if
the market value was only 80 the subscriber
li1a for lit,
his gift" If he should so call it, to the
coliseum fund only 800.
INVESTMENT VALUE.
Those who are enlightened on the sub
ject do not dispute the judgment of men of
large enterprises that the stock will pay
per cent. Those who cling to the opinion
that the coliseum is to be given free to all
purposes are mistaken as such is not the
| case. There are numerous occasions when
1T will be given free. National political
conventions, the great fraternity assem-
| blages and such affairs are free recipients
| of it's use. But there are many large or
ganizations that would use il for their
meetings and pay for it In addition to the
/ ment enterprises
To a large extent it minimizes the charge
upon the business public for funds to en-
! terrain large bodies. Merchants and others
/ here have contributed large amounts tc
! this purpose. The coliseum will serve many
| purposes without cost that have heretofore
| been charge upon the public for entertain.
ment.
The executive and ways and means com.
! mittees will meet this afternoon to hear
/ further reports. 1t is probable there will
/ be a number of additional subscriptions in
| the 81 900 class reported. The committees
| find that the more time they spend in ex
| PLANTATION of the business aspects of the
| coliseum project the stronger is the appea
/ to individual judgment.
| Chairman McCu1loch said yesterday thai
every one was meeting the subcommittee:
| with generous spirit and that he was con
| fident the subscription list will keep up il:
established rate of progress until com
| pleted.