The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-01
INDIANAS FINANCES
IN SPLENDID SHAPE
State Finance Board Will Soon
Pay Off Outstanding Bonds
Aggregating 100000.
A E SHOWING

The State Finance Board, composed Of the
Governor, the auditor and treasurer of state,
met late yesterday ev ling at the Gov
ernor's office and discussed Indiana finances.
In the opinion of the board the State has
done well in a financial way in the last year.
In fact, the management Of the States
funds has been so distinctly successful that
another lot of state bonds will be taken up
in the next few days. 1t was decided to pay
off $1,000 O of outstanding bonds early this
month, which, with the 10000 taken up in
July and the $4,000 taken up about a month
ago, Will make nearly $4,000 of the States
Indebtedness liquidated with the last year.
What has been a phenomenally prosperous
year in the office of the secretary of state
was closed last evening at the conclusion of
the calendar year 1903. In the country's and
the States generally prosperous condition
the last few years the office of Indiana's
secretary Of state has developed in impor-
lance just beginning to be appreciated. All
previous high records in the collection of
fees were considerably exceeded in 1902, but
1903 raised the standard by several thousand
dollars. 1t is worthy of remark that the in
crease in collections for the last year alone
was nearly equal TO the salary of the secre-
tary of state and all the other attaches of
the office for the two years term they are
now serving.
A brief analysis of the figures is interest
ing. In 1902 the total fees from all sources
reached a grand total of sos, 761. 70. For 1908
the total is $125, 3l0.3S, an increase of $751;
54S.65, enough of itself to take off a nice lit
tie slice from what remains of the State
debt. From domestic corporations the re-
ceipts have been sos, 994.95, foreign corpora
tions 81, 1896 and from miscellaneous fees
IS, 1S1.9 an increase of good proportion in
each class over the year previous.
INCREASES OF STOCK.
One of the impressive points about the
business of this Office and one of the best
barometers of the solidity Of Indiana's in
dustrial development is found in the filing
of certificates for increases of stock by
concerns previously incorporated, the indi-
Gated capital invested along these lines
reaching a maximum of nearly $50, 900, 900
and paying in consequence fees aggregat-
ing about $4,000. Several substantial
increases in capital stock were an
nounced yesterday. One was the National
Stock and Grain Exchange, of Indianapolis,
which increased its capital stock from
S25. 900 to $l0O, 900. The Indiana
Company filed notice of an increase from
$500 TO $4,000, and the Modern Buggy
Company, of Auburn, announced an in
crease to 5000
Several large concerns were incorporated
yesterday. The Wabash Valley Trust Com
pany, with a capital stock of 500, 900, was
one OF the concerns 10 file articles. The
company IL 10 lave nSduQudrterS at Peru.
b. Z. Wallace, owner of the Wallace cir
Gus, is at the head Of the company. An
other large concern to incorporate was the
Elkhart Gas Company, whose capital stock
is $500, 900. The Electro Magnetic Company.
organized to operate at Marion, fled arti-
cles, with $4,000 capital stock. The Prince
ton Oil Company organized and filed arti-
cles, with 100000 capital stock. The Shut
Improvement Company, a Colorado con-
Germ, with Indiana headquarters at Law
renceburg, filed articles under the foreign
corporation law.