The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-01-10
TRADE, INDUSTRY, LABOR.

A mortgage for 100000 has been placed
on the Maumee Valley Railway Company
at Toledo in favor of the Morton Trust
Company Of New York
The Kenton & Southern Railway Com
pany was Incorporated Friday with 100000
capital stock. The company will build an
electric road from Kenton to Bellefon-
The Farmers and Merchants Bank of
Los Angeles. Cal. has changed it's title to
that of the Farmers and Merchants Ma
ti0nal Bank Of Los Angeles AS a national
has been increased to 1000, 600. fully paid,
with surplus OF 100000 paid up.
All the Central Coal and Coke Company's
miners are now members of the United
Mine Workers of America, the mines at
Bevier, Mo-. having just been organized at
the request of the company. The Central
Company formerly was strongly opposed to
the recognition of the union. The whole
coal mining industry of Missouri Is now or
ganized and yearly agreements have been
adopted.
At a meeting yesterday of the directors
of the Lake Shore Electric Company pre-
liminary steps were taken looking to re-
financing and recognizing the property.
The road, which extends from Cleveland to
Toledo, is one of the Everett-Moore lines
and has been in the hands of a receiver
since the financial troubles of the syndicate
began year ago.
More than one hundred manufacturers
from different parts of Wisconsin gathered
in Milwaukee yesterday and organized the
Wisconsin Manufacturers Association. The
object of the association is to protect and
further the interests of all branches of man.
ufacturing business in the State of Wiscon-
sin. The organization is on the lines OF
the Illinois Manufacturers Association,
with which the Wisconsin body will work
in harmony.
Application was made yesterday for the
voluntary dissolution of the National tube
works of New York and the appointment
Of receiver. The assets, including plant,
given $213.341 and the liabilities as
s70.725- The stringency in the money mar
ket has had, 1t is asserted. the effect Of
preventing the company from floating a
bond issue authorized by the directors. and
being unabel to pay for material and labor.
the directors of the company were forced
to ask for the appointment of receiver.
The National Association of Builders
through its officers has entered a protest
to the Treasury Department in Washing
ton In relation to what IL claims is dis
elimination against American-made din.
The builders say the supervising architect
of the Treasury Department has invited
bids for the erection of the building for
the Bureau of Standards in Washington
and I'm specifying for tin roofing makes a
requirement which compels the use of for
eign tin, inasmuch the charcoal iron
plates called for are not used by any
American manufacturers of tin.
According to decision handed down by
Judge Thompson. OF the United States
Court at Columbus, o., in the case of the
Western Assurance Company of Toronto,
Ont, against the treasurer and auditor
OF Franklin county. Ohio. all foreign insur-
ance companies having money, bonds or
other securities on deposit with the state
treasurer must pay taxes on the same in
Franklin county. In the suit of the West
ern Assurance Company, which sought TO
prevent the taxing OF 100000 worth of
bonds which Ii has deposited with the state
treasurer. the court held against the COM
pany. There are several million dollars
worth OF bonds deposited by foreign insur-
ance companies with the state treasurer
A consolidation OF telephone companies in
Ohio to be known the United States
Telephone Company will be Incorporated in
New Jersey with a capital OF $4,000. 900. IL
includes the Everett-Moore lines, as well az
other systems. except the Bell interests.
The consolidation provides for an entry into
Cincinnati and connections with all indie
pendent telephone companies between Gin
cinnat. Dayton. Toledo. Cleveland and Co.
lumbus. The stock consists OF $2.50o.000 {
per cent. cumulative first preferred g 500
900 noncumulative second preferred and
100000 common. The United States Tele-
phone Company. OF Cleveland. Is not In the
combination.