Indianapolis News, Indianapolis, Marion County, 23 November 1900 — Page 12

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THE IKDIANAPOLIS HEWP, FEEDAT, NOVEMBER 23, '* '

INDIANA’S MONEYED INSTITUTIONS.

’$ Report on Banks, Trust Companies and Building and Loan Associa-

tions Made Public To-Day. proved March 5, MS?, and went Into f< Augvat 24 Tain was repealed tbe met of March U. 1875, and that

Hart, Auditor of State, the public, to-day, an ofwtth OgTirea, concornof the State banka of •ings banka, the trust and the building and loan asAs to the general conditions.

r eaye:

statement of the State banks of i savings banks and tha trust a most satisfactory of these moneyed lnJ the past year the act has been so modified itlons of a smaller capital the original law are authorized and through this act of the banks of the State have red to national banka. The lists of general prosperity of State, and I ( do not as State supervision any additional legislation or required. The interests are well cared for in the and the management of the ■■ Is such that there need sot be any fear of the safety or security afforded to the exercise of this farreaching financial trust **I desire to renew the recommendations that bavs been heretofore made by predecessor suggesting that private be required to come wttbin the of the law that governs the of State banks. It would that any financial instituits and proeej, whether ptt- _ . to report to some deof State government, and be the supervision connected with

SAVINGS BANKS.

Their Functions Largely Performed by Trust Companies. With particular reference to the savings banks of tho State, the Auditor has this to say: “The savings banks most Intimately touch the prosperity of the* working clear os to the different centers of labor. Indiana has not as many savings hanks tn proportion as have many other States, but the functions of these banks are largely associated with, trust companies, the difference being that In savings banks tbS profits go to the depositors, while in trust companies a certain rate of Interest is paid based on a certain tenure of time for which the deposit is made.” Comparative Statement of Savings Banka

1399. 1900. Loans on freehold

and pen. sec... .11.042.0S7 62 9 1,049,000 92

Loans on mort-

gage security .. 3,348,863

IJ. 0. bonds and

; ,:premlum8 001,026

Other stocks

and bonds 973.683 Bank building 81,910 Burn and fixt— 6.753 real eat..,. 5»,4«

8,<23,833 64 867,161 40

hand....

ssi

ltd

650.870 44

70,40 88 6,207 48 76, *>28 96 16,766 »

1.000,792 81 166,83166 • 2,493 46

I <,274,623 80 f 7,016,9QB 66

1899.

..I 6,SW,9<1

sxc.

1,441

1900.

I 6,388,318 48 621,880 <)0 103.662 33 2,897 77

» 6,274,883 80 f 7,OU,<0< 66

Statistical. aco’ts Oct,

< 21,081

made

3900.

8 21,661 00

year .... 4.975.963 earned .. „ 279,688 I and exp. * 46.847 of divs,..«,«« 137,042!

5.407,216 61 295.304 SO ».*4« 85 182,629 78

BUILDING ASSOCIATIONS.

of Liquidation About Over— |t Mtrit of Local Aaaociationa i The statement of greatest length made the Auditor concerns the building and of the State. He treats this subject tn a comprehensive mangoing into building and loan history and speaking of the object of associations. He says “the relation of tbe State to the building and loan associations should be one of most generoua reciprocity. The mutuality and co-operation ideas,** he continues, later on, “are the principal underlying features of these superb societies for self-help. It is wrong to encourage the proposition and loan association is than A money-saving and not ^money-making enof Indiana building and loan la says: first Indiana law for Incorporation of building asaoclaticns was aj>-

1867, and went into force

HPRMPM^lby aot of March, 1846.

‘The ttret association to comply witn the act of 1857 was the Indianapolis Building, Loan Fund and Savings Association, which filed a certified copy of Its constitution and by-laws with the Secretary of State October 13, 1867. On October 18, 1867, the Marion County Loan Fund and Savings Association filed a copy of ita by-laws with the Secretary of State Both these associations had been in business before the passage of thia act, but complied with Its terms as above stated in accordance with a provision of said set. The first association to incorporate under this law was the German Saving* Fund Association, of Indianapolis. which filed Its incorooration papers with the Secretary of State March 80,

iSTvi. "

"The tow requiring annual reports to be made to the Auditor of State was enacted in 1893. Before that the Bureau of Statistics had endeavored to obtain reirts. but the largest number reported to

In any one year was 829. In 1891.

"There were 490 associations doing'buslness June M. 1893. and of this number 478 reported that year. At that time a number of 'State’ or ‘national,’ tacorporated under tows of other States, were doing business, but the act of 1893, so far as it affected foreign associations, was so stringent that none has ever complied with it, and those doing business in me State at the time of Its passage withdrew to avoid its penalties, and I think the State has been tha gainer through their

'The first associations to do a *8tate

or *natJonar business were incorporated

to Indiana in the latter part of 1889.

Reports Since 1893.

•The 478 associations reporting to 1888 showed assets of 127,4*8,091.94. and mortgage loans of 226,208.832.52. and a member-

ship of 126,908.

Tn 1894 496 associations reported, with

assets of 180.090,926.13. Mortgage loans of

228,637,889.88 and membership of 126,827. Tn 1891 602 associations reported, with

assets of 234.847,022.38; mortgage loans,

$29,990,478.84; membership. 142,093. Tn 1896 504 associations reported, with

assets of $88,096,147.70; mortgage loans,

$33,118,066.67; membership, 167,264. "In 1897 488 associations reported, with

assets of $87,624,418.43; mortgage loans.

$82,187,066.99; membership, 137,610. "In 1S98 446 associations reported, with

assets of $84,888,814.83; mortgage loans,

$29,360,992.37; membership, 137,726. “In 1899 424 associations reported, with

assets of 881,436,687.86; mortgage loans,

$25.7*3 5*4.79; membership, 100.042. "This year there were 408 associations

reporting, and two that have failed to report, the South Bend Homestead Building and Loan Association, and the Workingmen's Building and Loan Asso-

tMlMHr “ ‘ Bend.

the

elation, of South

There has been

during the year, a decrease of sixteen associations. There have been five new associations begun business, nineteen have matured their stock and retired from business, eleven have gone into liquidation, and a receiver has been ap-

pointed for one.

"The Brasil Building and Loan Association consolidated with the Clay County Home and Savings Association, of

Brazil, July 1, 1899.

“Since 1893, receivers have been appointed for four State and seven locals; assignees for three State and three locals, and since 1897 thirteen State and thirty-seven locals have gone into liquidation. Of the entire number of State associations, sixteen are now in active business. It will be observed there is a gradual decrease In the number of associations, the number reporting the being 408. Statistics from

preMnt yemr

these associations show that of 49,679 shareholders, 32,522 are wage workers, and that about one-fourth of the loans were made to thia class. Of the homes acquired, the reports show the smallest number to be 2.043 to 1890, and

the largest 6.131 In 1896. The Local Aaaociationa.

Tn Indiana the local building and loan associations, It will be readily seen, have been the means not only of added substantial values, but of planting homes for persons of moderate Incomes tn hundreds of communities. These associations fulfill the letter and spirit of this co-opera-tive movement. Their boards of directors are usually composed of conservative and substantial business men; the officers serve on very meager salaries; publicity pervadse every act of management, and extravagance and a padded expense account are not to the thought, let alone in the accounts current of their exhibits. "A significant gauge of a properly conducted association is its expense account A salaried staff of directors and officials to a very suspicious indication that the central Idea to not so much the self-help of co-operation as Is ths perquisite and slneours of a personal pull and 'snap/ The nominal pay usually and Justly allowed secretaries and those who look after details to not a 'salary' the promoter and the selfish management had In mind as the basis of their especial interest in the co-operative advantages of their alleged association* for mutual betterment. Individual profit to tbe sense of moneymairing or salary accretion, has no place to the organisation or management of a building and loan association. It to a business without bargain counters. Standard Oil dividends’ or recompense

where the weekly savings of the membership will in its entirety inure to the advantage of the members, and where

IN THE BANK DEPARTMENT.

Several Institutions Became National Banks—Other Changes—Resources, and Liabilities. During the rear the State Bank of Boswell. the Pike County State Bank of Petersburg and the State Bank of Sheridan, of Sheridan, incorporated as national hanks and retired from business as State banks on November 28, 1899; the Central State Bank of West Lebanon went into the hands of a receiver, and its depositors were paid to full. The First State

Bank of Dunkirk, the Owensville Banking Company of Owensville, the Rising Sun Deposit Bank of Rising Sun and the Judy State Bank of Wimunac incorporated and began business as Bute banks. Comparative statement of resources and liabilities of ths banks of discount and deposit, incorporated under the State law, for the years 1899 and 1900:

Loans c

counts ...... Overdraft* • •e

-a TJ. 6. bonds...., “ Other stock If bonds an

Bsaeu-ess.

Mil dls-

...812,388.641 M j,. 1S2.0M 84

434,806 03

1900.

$13,9*1,556 U 147,846 36 816,692 84

banks >u*a ...

mi::::

]J0O,9QS45 1.630.214 66

4799,472 64 284.04197 167.716 <1 145,406 00 117,624 17 19.919 78 94891 23 29,989 64 1,865,S27 *3

4668,880 II 801.323 69 176,448 61 147,469 38 134.220 27 : '^£&'04 25,515 11 L6B49W 79 76,773 48

Liabilities.

Capital stock paid

la ........ 14979,140 00 Surplus 650,299 68

Undivided

profits 194198 26

Discount. * x - change and in-

terest 305.252 70 Profit and loss... 14887 » Dividends Unpaid 4,te» 61 Demand Deposits 14017,488 41

Time deposi

Certified cheeks.. Cashier check* .. Du* to banks and bankers Bill* payable ..... Miscellaneous ....

1,626,812 U

14,831 62

% 21,867 36

166,864 88 4000 00 14988 89

1900. $4,509,400 00 704023 US 194814 81

*43,683 95 16,760 59 MB M 14647,297 89 1281,691 14 81,468 67 13.134 *3 116,073 44 12.600 00 4232 22

fcsigy, during the yea

!»S7 $22,927,467 » Total $21,485,753 37 $22,927,457 56 resourced and liabilities of the State banks of discount and nder the State law, at the dates of the different calls for

Resources.

Ninety-eight . State hanks,

Feb. 8.

SCOURtS • e****«»<***«a* * $13,604416 »• a»e«veeesesssagageeee 107,085 bonds 260,30k bonds and mort1,433,079 m banks and bankers.... 4064649 toff house mm -Jr real estate W&M Furniture and fixtures 143.43% Current expense* S4.*)i Premium# and interest 24178 Cash on hand L7M.928 Cash items 104,727 Miscellaneous 543^

239,066 00

l.m.m 26 4621.501 31

307.7544 51 173.424 47 150.400 84 111.8S3 S3 40.ttf> 12

l,5i>6.0» 68

112.7*7 10 44,186 42

Total isM?8.919 S4

Liabilitiea.

paid in MAW.740 00 64.488.540 00 974,968 14 6S2.100 97 fthflt* 160.tt2 95H tm i Discount exchange and Interest.. 246.764 92 Profit and loss 19.44004

unpaid 7,446 92

Ninety-seven Ninety-seven Ninety-seven State banks. State banks. State banks.

May 19. July a.

IS $13,464,746 48 $13,666,641 SI II m.m S3 138.456 19

^308,646 64

Oct. SL

147.346 35 a«,WM

1.241,204 66 4.90S,480 M 220,332 24 m254 48 m.oaS 20 101.238 94 22.257,61 UTWSl 51 67,862 54 36.6W 99

1,3*0.214 86 4,663.350 13 321,323 19 176,448 0 147,498 38 . • 134.220 27 72*48 04 1,®6.«40» 76,773 46 35.545 11

$32.5:6.934 41 $22,927,*7 »

Its on demand..., 14,06,9$) 30

outstanding!!!! Iks and bankers. *****

U3M02*

7,616 91

<►♦*****•«**•«

184.330 64 296.017 06

26,609 92 2.987 26

372.108 H ,088.9M 24

2,801 OS 26.612 36

361,476 97

8,000 00

641 36

$4,602,750 OS - 70> !*1 *5 164,350 76 248.398 73 ' 22.919 38 3,459 00 14,064.153 39 Lm«* 44 4,981 36 14,178 86 r/lKPi**' $000 00 484 91

$4,608,400 00 706, J23 03 160,<>U M 342.683 96 * 16.780 56 3 &(2 00 1$«47,»7 82 2,281,501 14 a,468 67 IS.124 83 115 07$ 44 33.5-0 00 6 232 23

conservatism and not spoliation to

managerial incentive.

"Co-operation and philanthropy are blood relatives. They go hand In hana, else they do not ‘go’ at all. The expenae fund provtolQn In the tow which was repealed in 1897, was a great wrong. One of the associations of Indianapolis, now in liquidation, exemplified the profit to its management under this innocently-ap-pearing 'graft,' for, from its official reports, Its officers and office help In seven years drew $79,448.06 in salaries, and th# other expenses were $128,636.30. And, now, when the final pay day comes, the membership must accept whatever liquidation dribbles over to them, while the real beneficiaries have waxed fat on the salaries that generally were multiplied in excess of what any society of co-opera-tion would have given for the service per-

formed.

In Touch with the People.

"Indian* has a number of worthy State associations that are reasonably successful. because the management is in the interest of shareholders, whose policy to one of conservatism and not of extravagance. It is the local association, however, that moat Intimately touches elbow with the people who are enabled to get homes after they have the ground upon which to secure a loan, paying the money they otherwise would monthly spend for rent. This Is the true building association idea- The good the local association is doing and has done in Indiana, and the substantial benefit it has brought to our citizenship in the last quarter of a century can not be measured In dollars. The home owner to an active stockholder in yovernment; he has the only castle known to the republic, and the family that secures a home commences a forward movement in life that centralizes the love of children for th* one sacred spot that never perishes from memory. "As has been suggested In previous reports from this office, a critical and expert examination made of the reports from the different associations develops the necessity for a uniform system of bookkeeping, -and this could be obtained substantially if the law required compulsory annual examinations by this department. The expense in the aggregate would not be larger than to now paid usually to local examiners, and the knowledge and Information gleaned under the direction of a butlulng and loan expert, would, in itself, repay many associations through the Improved business methods. It to a gratifying result of the examinations made from the reports for the present year that there is a healthier condition generally than for the past few years. This to undoubtedly the result of the ptetperous condition of business following the depression of the panic. Real estate Is always the last commodity to feel the appreciation of prosperity, and I believe that most of the associations that fcavo been prudent with assets of this character are gradually realizing the full book value, and in some cases, k profit

on these holdings.

"I believe the period of liquidation Is passed, based on necessity, and that take Indiana over, these agencies for home building have a future that will inure largely to the benefit of those who are committing their savings and paying their dues purely to enjoy the benefits of this practical co-operative beneficence. More Authority to Auditor Advised. “The building association law could be improved by giving the Auditor of State tbe same authority as is now given over banks, trust and insurance companies. Under the law at present the reports are sent to this office, and after having been carefully examined by the expert accountant, are filed away, th* Auditor simply bPvng their custodian. The Auditor of 8tat<\should approve the salaries paid to officers}, as the law now requires to the case of saMngs Liquidating associations should be under the control of the Auditor of State, to the end that expenses should be kept at a minimum, and the time to liquidation not be nursed or long drawn out. In brief, there should be such a supervision by the building and loan department that the patrons of these associations be given the broadest protection along the lines of safety and security, for more than any other business corporation of State enactment, they are •of the people, by the people and for the people.’ * ‘‘Wearing the assumed livery of build-

$31,178.919 94 $23,676,934 42 $22,927,467 55

tot association principles, there has come into existence to the past year a brood

of very questionable and suspicious schemes based on the provision of weekly or monthly payments, so-called co-opera-

tive corporations, known as Tontine In- < r<r>mTM>Ti(»n ’ ‘Diamond Invest-

vestment Compand)

nies,’

Diamond Investand other specious

companies that appeal to cupidity and chance, with co-operation as the shibboleth, These schemes have a large clientage in our bordering States, but, acting upon th# advice of the Attorney-General, they have been one and all denied permission to enter Indiana. They seek to inveigle investors on the theory of accumulating savings through the ease of weekly payments, and th* alluring profits that will accrue, based on the tontine principle, but to ths end their principal success is to the confiscation of lapses and the utter failure of fulfilling the Inducement offered. The law of this State to singularly weak In dealing with companies of this and a kindred character, and there should be a heroic statute covering all kinds of Investment companies, no matter what the Inducement or plan may be, that have for their pur-

Ument payments, and which

e installment payments, and

.old out Inducements that from the very nature of the plan demonstrates the possibility of chance or confiscation, where from any cause the investor may happen to lapse in payment. The supervision of all sorts of Investment companies that carry with them an expense fund and a forfeiture should be treated as coming within the purview of the bullying and loan act. and be subject to the rind examination and supervision by this de-

partment.”

Following Is the building and loan as-

sociation statement:

Receipts.

1899. 1900. Cash on hand

June 30 $1431619 25 $1.293486 68

Dues on running

stock 7.846,967 27 7,645,794 91

Paid up and pre-

paid Stock L118.6B® 06 1.656,016 69 Deposits 297,723 67 668,106 17

Loans on mortgage security

repaid

Leans on stock, pass book and other security

repaid 1,168,007 32 Interest 2,026,361 84 Premium *•«**••*• 466,379 79 Fines A 89.469 14 Forfeitures 6,748 13 Membership fees. 21,030 46

Loan fees Borrowed money

Real estate 426,597 01

Refunder insur-

ance and taxes. 81.309 38 49,433 89 Overdrafts 30,664 66 11.103 41 Miscellaneous .... 821.483 06 326,484 06

... 7.467.093 91 7.497,364 04

975,088 31

1,792,960 61

802,302 02 80,000 20 10,958 74

19,906 06 6,126 06 8.589 95 763,043 90 721,622 74

642,538 »

Totals $28,169,273 84 $23,146,746 86

Disbursements. Loans on mort-

gage security ..$ €.097,912 36 $ 6.897,312 46

Loans on stock or pass-book security Loans on other security Withdrawals.running stock and ffivtdeada Withdrawals, paid

969,188 98 998,784 82 S06,8$7 89 132,862 61 7.634.510 40 6,853,585 47

up and prepaid stock and dividends .. .. Withdrawals, deposits and dividends Matured stock ... Dividends on paid up, prepaid and deposits ... Expenses Borrowed money rep;*ld Interest on borrowed money .. Insurance and taxes paid for borrowers Real estate Miscellaneous disbursements .. .. Cash on hand ....

1,757,147 32 , 1.679,088 55 397.561 89 . 806.292 81 1,907,824 75 1.887,837 23 447,630 69 390,062 61 416,608 46 272,524 18 929.666 06 751,754 S3 131,716 13 108,809 86

..MISFIT CLOTHING PARLOR. ■ 110 W. Washington St.

1' ■' J —ni. .■■»■■■»

IO YOU EVER NOTICE’ what a difference there ia in Glo bing? Much of it is simply thrown together, without any regard to wear or shape, while some is made in the most careful and painstaking manner; this the wear-resisting, shape-retaining, satisfac-tion-giving kind, the kind, and the only kind we sell. Our motto—“Once a Rubens customer, always a Rubens customer.” Study-

is the secret of our success. Fall and Winter line. It out-

43.992 54 428,869 47 44JLM13 1,320,423 84

61.178 61 826.944 77 539,328 -JS 1,501,449 98

Totals IS3.15S.273 84 $23,146,746 36 Cosh on band June 80 .$ 1,320,423 84 $ t,501.47t 1$ Loans on mortgage security .. 25.7S8.543 T9 8029,631 83 Loans on stock or pass - book security 1,315,450 0$ 14S8.JS5 68 Loans on other seS< curtty 491,515 98 4S1.6S8 33 Furniture and fix-

ing your wants have you seen our

By the way,

classes all our past efforts. It’s worth your while to see it

In Suits and Overcoats,

we show every pattern which is new, in every dependable labric, and in every style which is right, and every garment is skilllully tailored

by our own expert workmen.

Raglan Overcoats, in different lengths, some with the extreme, lull skirt, others cut medium lull, everyone perfect fitting; Box Overcoats, Sack Overcoats, Reefers, Ulsters, all are here. $7.00, $8.00, $10.00, $12.50 $15.00, $17.50, $20.0

FOR BAU^-HOK*K« A\D VKH»< U s FOB SAMP—Florida SsM. FOR BAIJO—-Chwtp; good bore* MS XL Nertk

Fun SAL®—deep; bu»la<Mw Wabash.

s'Wki npiini* at XUS B.

FOR Twit* ■ *•*»> «“-»■ “• FOR fiATBS—Very fact porlrw pony, aheap. aus OoUog* ava

vFOKaALK-L^-M «. Washington.

horae;

SALB-Fat wartk srol* $1S; plus hori* F'i._ *2X K. Washington. FOR SALS!—Good black ~hcr»a~tw«Jre yaimi oM; $40. a$ E, Merrill at. FOR SAL®—Two work horaas and haraaas; cheap. Call 24 Dearborn »t. FOR SALIC—Perfact!y gentle family horeei ery cheap.U' »g Br—fiway. FOR Ssf. F $g$ hays toed r« borrn; worth $65. 415 S. Pine.

purpose

ITKAJfOlAL-To loan Urge msw; 4 pe< cent. Try us. C F. 8AYLB8, iff A

rat,

FQSAMClAL—To Loaa; PrireitTu^ey, Tm uTe VffjUL** a F - FINANCIAL-ldOMy

Batm*tfcs “

FINANCIAL—Loan* without mean* just exactly what It eaye. M RISER |* Indiana Treat BuU&g

FINANCIAL—Ready ^AMKRJCAN^LC "

FINANCIAL—Quick __ _

FINANC1A L—Large

lowest rate*. STVfc to S. FLO REA

funds; Mm* 1

FOR BAUD—Sound, gentle home; surrey, neee; cheap, im s. Meridian it.

bar-

FOR SALE—Perfectly gentle pony, top buggy and harae**; cheap. UU AahUnd eve. FOR BALE—Fast pacing family horse; good looker; perfectly gentle. Call phone llfci. FOR SALB-At a bargain. sU-yeor-oM tam*ily brree; perfectly gentle. SU S. New Jersey; FOR SALB—<3ood-el*e general purpose bay mare; family broke. Call afternoon. 1323 Olive *L FOR SAL®—See 8. L. TAYLOR * CO.’S big suit and overcoat sale ad In the For Bale Miscellaneous. FOR 8ALE—Latest style In ia»rob«a Mareeta. at lowest prices; harness, cash gr payments. SIS *. Washington *t.

surrey and bar- : call any time

FOR BALE—Good cob horse, ness; $49; this is a bargain: before Monday. 1117 N. Benate

FOR BAL&-Teaat ot hares*, wagon and harness; good for delivery purposee; owner selling on account ot sickness, ins N. Capitol ava FOR SALE—A full Itne of cloeed carriages of every description at reduced prices. H. T.

HEARS®* VXTH1C

Circle."

ICLH COMPANY, “Ob the

FOR BAL^Best grad*_of VEHICLE RUB-

BETR

hearset Circle."

Eg put on. Get oor prlo VEHICLE COMPANY,

"On tha

Special Sale of Raglans I We have an immense line of the popular Raglan Overcoats, in all the proper (fabrics and shades, beautifully tailored, and offer them at prices much lower than any other house.

fhces $12.53, $14, SIS, SIS and $17.50 The Suits come in both single and double-breasted, with double or high cut single breasted vests, with or without collars, and the trousers are beautifully shaped, and perfect in fit sot nioEs $7, $8, $10, $12.50, $15, $17.50, $20 fully prepared to meet your wants in the line of

— , 1 = Prices, $2.00 to $5.00

We are

Trousers.'™

“Satisfaction, or Your Money Back Always.”

Rube

King of

110 IV. Wash. St

turos 77,569 87 Real estate 1.760,636 60 Sheriff's certificates and judgments 172,479 08 Due for insurance and taxes 69,056 64 Miscellaneous assets 466.012 18 Totals ..$31,438,587 86 Liabilities. 1899. Dues and dividends on running stock $23,269,567 06 Paid-up and prepaid stock and dividends 4,450,893 63 Deposits and dividends 880,473 26 Matured stock ... 126,043 64 Fund for contingent losses .. 804,814 11 Undivided profits 1,242,236 40 Borrowed money 842.083 30 Due on loans .... 63,303 74 Miscellaneous liabilities 267,672 74 Totals $31,435,587 86 Statistical Number of shares of running stock to force at the

82,531 39 1,598,896 84

121,028 98 69,639 19 426.738 11

$29,637,826 47

1900.

$21,188,149 65

4,590,311 62 1,071,045 67 116,212 61 492,362 66 1,064,246 22 706,187 96 44,522 48 170,887 82

$29,637,826 47

beginning of the fiscal year 663,283 627,658 Issued during the year 136,339 196,902 Matured during year 27,190 19,737 Withdrawn during the year. .154,562 148,722 Present total number of shares of running stock—607,829 696,996 Number shares paid up and prepaid stock In force at beginning of fiscal year....110,218 88,257 Issued during year 16,618 SCpt Cancelled during year 28,618 18,645 Present total number shares paid up and prepaid stock. 88,218 88,495 Present total number In force at this date 706,047 684,491 Number shares loaned upon at the beginning of fiscal year 261,811 242,580 Loaned upon during year.... 52,669 63,581 Matured during year 11,273 11,188 Repaid during year 66,796 66,020 Present number of shares upon which loans have been paid 236,401 228,953 Membership. Investing members 64,070 62,536 Borrowing members 44,973 41,278 Total -...106,043 103.812 Authorized capital stock $227,174,000 $221,431,500 Amount of capital stock subscribed and to tone 77,467,510 66,065,152

IHEL.

:46 p. nu, 1306 Cor-

MUELLER—Henry Mueller, died 8:46 November 22, 1800, st late residency

nail ava, age seventy-six Friends can view remains Saturday, 3 to 6 p. m. Funeral Sun-

day. 3 p. m. Burial private.

FOR BALE-BROUGHAMS, ROCKAWAT8, and DEPOT WAGONS at reduced Dries*. H. T. HBARSEY VEHICLE COMPANY, “On ths

Circle.”

FOR SALE—Depot wagons; germanwwre broughams, coaches, landaus at 1 ottom price*. Our owa cnaka. ROBBINS, 33 K. Georgia st.

FOR SALE—New and second-hand vehicle*; buggy tops, canopy tops, spring wagons and buggy bodies: wheals, shafts, poles, cushions, backs, dashes, fenders and springs. Call at (23 S. Illinois st M. H, GEYER.

FOR SALE—IIBH.GIA 11 HARE*. FOR SALE—Belgian hares; pries reasonable. (40 W. Thirteenth st

FOR SALE—Ft rat-class stock, pedigreed and unpedigreed. Pries* reasonable. WINDFALL BABBITRY. Windfall. Ind.

BUSINESS CHANCE. BUSINESS CHANCE—To Let: Smith shop, with toots. 101K Shelby st

BUSINESS CHANCE-Wanted: By eideriy man having (LEO. Box 3MS. News office.

BUSINESS CHA MCE—Monthly publication, all or port for sale. Address box 3172, News.

BUSINESS CHANCE—MOO worth of leares; collectible in city; will trad# or sell. Box 4047, News.

BUSINESS CHANCE—For Bale: Confectionery, up-to-date, will sell at tovolcs. Address Box 3375, News.

BUSINESS CHANCE—Cltlsens want grocery to locate corner of Columbia and Sixteenth. Call room 4, No. 7 8. Meridian.

BUSINESS CHANCE—Four quarts pure whi*. *y for r f?- 20 - cUU ;r* r,d - Write HATNEH DISTILLING CO.. Dayton or St Louis.

BUSINESS CHANCE—Old established corner drug store; steady trade; bargain: good reasons for selling. Address box 2074, Nhws.

BUSINESS CHANCE—Bookkeeper, with M.nM, 12 per cent, and salary; old, prosperous concern; give age and experience. Address Box *678, News.

BUSINESS CHANCE-Nica clean, little drug store, in good drug town; 2,200 Inhabitants; administrator's sate. Address lack box 428,

FINANCIAL—Loans mads f ing. . * FLVANCIAL-Lian* on Iknns; $180' ward, horn* funds; low set * METZGER AGENCY. 101

FIN ANCIAL—Loan* made Is . holding permanent positions with r* their own nami 107

financial-* sad • per cent. according to security offered; sLTiifcS^r*- 1 *ylvsato st.

FINANCIAL — Loan*.' Real — budding aaaaaiaaaa borrower*, who are pay tg evrsoalva interest, better sea us: we SIk*L’^?»A h SSl4 1 Jf** 8 * "pwBKHrm __ SECOND FLOOR. FRONT

retee of Interest; —

financial- '

MONET TO LOAN

IVffirW Hoiura Tk* Property left In your pooseoaR_ *y.igre the use ot both property and money.

payment Pla% s®8 »t

'I 1 ** Vou can PV to si say ““tLftHJSI «rtl 9er tho time £ou keep U.

Alfl)

“rjvSSi

No enenem taken out In „

V* ^ Premium or Interest.

It costs you nothing to tnvesttgats our pi

unljreloan Is tnada

J\VATROFFlCg AND BUST NEB* „ savssrr _

TSaftSJffeSsi asr

FINANCIALlI a——— LK .S^SSiB w'jJrUJ

If there Is a single thing that

you do not thoroughly understand. CALL and lot us carefully explain

JS r° ur euttre aatlsfaction.

THAT’S WHAT WE ARB BERK FOR.

..'•WE NEVER REQUIRE KECURITfT

di* T*J rw w to Yoor personal not*.

Our Urge patronage and the general aattsftettoa expressed toads us to aztre effort to give

more for your money than others win.

Room HT-STEVKNSON IH IUVO-Rooni 418 4th floor—RELIABLE CREDIT CO.-4th ftooFINANCIAL— *

Ixans on Fui kllsut Loans on Fixture*, Loans on Pianos,

K Loans on Orfrans,

I^tana on Horsea

other chattMs at cheaper rates and better » than ever. Any sum from $10 to $3B0i

THAT’S OUR BUSINESS,

There is no d

Ther# Is

n^ubUehy.

plan is

Our extension clan

Oar payment system Is better,

bout t

iJSSK

FUNERAL DIKE! TORS. ^UNERAt?~L)lRUC?ORS > ^WHil > 6LTT^ , d: CULVER. 631 N. Meridian. FUNERAL I'lRECTORS—TUTKWILER. Undertaker. Ut W. Market sc Tel. 218.

FUNERAL DIREOTORS-A. M. RAGSDALE CO., IN Massachusetts ava Phone 808.

FUNERAL DIRECTORS—ADA MS A KRIJEOER. 188 N. Illinois st. Telephone 1IM.

FliNBRAL DIRECTORS-SHIRLEY A LILr ICTT. $a» W. Michigan. New Phone 1844. FUNERAL DIRECTORS—HORTON A JACKSON, M« Mesa ava New phone 868, old 1 on 8201. ' DIRECTORS - FRANK A. BLANCHARD, Undertaker. Lady attendant. Southeast corner Ohio and N. Deto’ Phones; Office, 411; residence. 658.

tware.

THIRTEEN NEW TRUST COMPANIES.

Working of the New Law Concerning Them—Objections to Certain Kinds of Business. As to trust companies th* auditor vlsable for the law to take cognizance of speaks as follows: “Under the opera- In a very explicit way. That is, the tions of the law of 1899 authorizing th* transaction of a commercial deposit busiformatlon of trust companies having a !?*?? a f f d |. tr , u ^ h s '^ capital of $26,000 there has been organized fhTiaw trost com^fiS^ould during the year Just closed thirteen ad- transact a commercial business, and If a ditlonai companies, and uniformly, their bonded trust business Is within the provbuainess has been satisfactory and sue- ince of tbelr operations, there should be ceesfuL There are two objectionable provision made for the accumulation of classes of business done by some trust a lererve. To protect such business of companies that it will probably be ad- this character that may be legaL” /V flintu, Statement showing resources and liabilities of the trust companies during the year. Oct. 3L 1899. Mar. SI. 1900. Oct. 31,1900. 12 Trust Coa 20 Trust Cos. 28 Trust Cos. Loans secured by collateral • • « • • ww a* ••««*# * • * * $L111,299 18 $1,159,263 88 $1,478,181 98 Ix>ans secured by first mortgage..... 2,420,762 87 2.S96.417 40 3,872.108 14 United States bond* 39,400 00 19,400 00 County, city and township bonds 241.971) 33 698,333 69 630.209 7* Miscellaneous bonds and stocks 1,179,732 03 9W,»0 34 1,437,062 40 Premium on bonds 20,292 03 16,787 40 Company’s building 492,589 20 659,084 26 663,216 90 Furniture and fixtures 64,988 84 ©,905 46 77,707 67 Advance to estates 44,187 48 51,540 91 66,789 46 Current expenses 23,239 87 50,472 24 Ca^h on hand—company’s funds 825,859 09 L229.529 09 1.438,478 33 Cash on hand-trust funds 619.436 66 496.720 38 469,296 65 Miscellaneous 282.364 74 480.483 46 432.357 to Totals $7,1*3,120 40 $8,626,0«0 76 $10,548,044 62 TJaMUH** Capital stock paid In $2,467,000 00 $2,967,000 00 $3,392,000 00 Surplus fund 218,000 00 ' 223,879 21 271,000 00 Undivided profits 122,275 97 118,174 89 141,150 41 Interest, fees, etc. — 4ii52 » 98,382 96 Deposits 3,677,339 23 4.563.OS 36 4,311,663 83 Certificate of deposits - 1,617,846 36 Due estates 8.817 41 U04B6 91 167,619 » Due banks and trust companies 23.973 41 Due trust department &S.670 39 57M44 06 576.113 72 Miscellaneous 4S,f«5.'»x *>.117 56 72,a» 14 Totals r i. ” a-■}!• $S,625,«3U 76 fltf.542.044 U

FUNERAL DIRECTOR— Old phone SO. KREOELO. New phone 8)0. 223 N. Delaware. Residence IS E. Vermont et. (Colonial Fiats). New phone 1744.

FUNERAl DIRECTORS—(Licensed.) Can ship diphtheria and scarlet fever. Lady embatmer for ladies and children.

FLANKER & N Illinois st.

BUCHANAN, Both phones ML

MONUMENTS.

MONUMENTS—AUQ. DINNER, 44* E. Washington. Telephone 3325. MONUMENTS—At lowest prices. M. H. FARRELL 411 W. Washington.

MONUMENTS - INDIANA MARBLE AND GRANITE-WORKS 147 N. Delaware. Old phone

SOCIFTY AND CLUB MEETINGS. SOCIETY—K. of'K^ExcelstorLodgC^a^i regular meeting this evening. Visiting brothere welcome JARS. DORY. C. C.

W. W. DAVY. K. of R. and S.

SOCIBrTY—Meeting of Olive Branch Lodge, No. 19, D. of R., L O. O. F 1 ., on Saturday evening. November 24. at hall, corner Wash-

ington and Pennsylvania ste. LIZZIE TECHENBROCK. N. & ELVA HOLDBON, Secretary

BOCTETY—Regular meeting of Temple Rebekab luxige, No. 691. L 0. 0. F„ corner Senate ave and Vermont et, Saturday evening,

November 24, !*». at 7:30.

_ No*>to Oread.

ROSE ANDERSON, Secretary.

SCKTETY—Marion Council, Mutual'Protective League members are urged to meet at hall (Sunday afternoon, at 1 o'clock, to attend Companion William Earhart's funeral. Harmony and Indtonai-oil* Council* also Invited. HARRY ARMSTRONG. President. CHARLES OOZATT, Secretary.

REVOVAL. REMOV AL—REEDER’S boots, clothing, to 403 W. Waahtnaton

REMOVAL—HOP LEE »« Indiana 122 W Market. Shirts, Sc; collar*, cuffs, 3c; undershirts, 6c; drawers, tc; ladle waist* iSc. two for 2>: work rugreateed

ava., to

PATENT ATTORNEYS. PATENT ATTORNEYS-E. T^glLVIUS CO., Talbott Block. India nape Iff

BUSINESS CHANCE—We tmre businesses of all kinds, from (200 to $U,0M; also good bargains to real estate. LIKELY A WILLIAMS, 927 Law Building.

BUSINESS CHANCE—Wanted: Man as partner, with S1.00C. tc engage In profitable manufacturing business and keep account*. Address Box tm. New*.

BUSINESS CHANCE)—One among th# best Investment# ever offered, large or small Investors. Call or address J. O. RUSSELL, 10M Stevenson Building, Indlanapolto.

BUSINESS CHANCE—ILOOO cash will buy equity to forty-nine beautiful building lots, this city; equity worth (4,000; must raise little money quick. Greatest bargain ever offered tor speculators. Address box SS43, News. BUSINESS CHANCE—W# have for immediate sale, an excellent meat market doing over $200 cash per week; expenses light; owner must sell account of serious illness of wife tn New York. Fine opfining. Com# quick. Never offered before STTIOUSE A THOMAS, 13$ BL Market. BUSINESS CHANCE—Want to borrow 12.9M for one yeer at 3 per cent.; good collateral security; money wanted to extend an already paying businere Or will eell a one-half Interest for that amount; all of it to be used only tn the business. P. O. box 423, Indianapolis. Ind.

STCRAGfc. 748.

STORAGE—Packing end moving. 8. P. HAMILTON, U S. Alabama. Phone 7(8. Special ratsa

STORAGE - PACKING AND HAULING. HOGAN TRANSFER AND STORAGE OO.. 82, 84. M W. GEORGIA ST. PHONE *76

STORAGE—Central Public Warehouse, U0-UI 8. Alabama; first-class storage vented. CHARLES McINTOBH. Manager. Old phone# 8410 and 16*6.

STORAGE - IND'P'L’S WAREHOUSE CO.. W. E Kurtz. Fres.; H. A. Crosaland, Mgr.; 117-522 S. Pennsylvania. Phones 1344. We •tore, pack and haul.

STORAGE—FISH BACK WAREHOUSE CO.. 413, 415 and 417 S. Pennsylvania st New building, low Insurance; on tracu Pennsylvania railroad. Old telephone Nt

STORAGE-UNION TRANSFER AND BTOr! AGE CO.. Phones 725. Only firet-class household goods and merchandise solicited. CRATING AND PACKING a spe. laity.

PERSONAL. PERSONAL—1,000 bu«lnes* cant* 10c. VICTOR. X N. Delaware st

PERSONAL—Clairvoyant. Readings. 36c. Advice on all life’s affairs. MRS. ALLIS ANDRE, 1681 Shelby st

PERSONAL—Absolutely warranted harmies#, hvgtenlcally manufactured. Satin-Skin cream and powder cater to appreciative people, that's why your patronage is solicited; 26c. New York store.

riHASClAl.. FINANCIAL—Privet# funds; lowest rataa J. H. LOWES. 83 When Building.

FINANCIAL—Money to loan; lowest ratsa NEWTON TODD, Ingalls Block.

FINANCIAL—Mortgage loans; lowest ratsa P. M. BARNARD, Majestic Building.

FINANCIAL—Monsy loaned salaried persons; reasonable; confidential Address Box 4000. News.

FINANCIAL—# per rent money on real *• tat*. GEO. WOLF, second floor. Lemok* Building.

FINANCIAL—4. ( and * c? 1 **: “OJMJY to loan on real sstata HENRY KOTHX, 137 E. Market

FINANCIAL—Money to loan at 6, IH and t per cent; *e* our plan. CROSS Ac BROWN, UVt N. Meridian.

FINANCIAL—Loans; Get oor terms before renewing your loan; coat* nothing to lavostigate. MEYEK * KISER. I0( Indiana Trust Building.

FINANCIAL—First-mortgage loans aa imDrived Indians poll* P^rtfi.‘mm«re*rei privilege ot prepayment SPANN A CO., 141 K. Market.

FINANCIAL—Money to loan on personal proparty and household gooda J. C. ERTEL, room SO Lombard Building. 24* K. Washington.

FINANCIAL—One among th# beat invertmanta ever offered; lane or small investor#. Call or address J. 0. RUSSELL, 1008 Steven, •on Building, Indianapolis.

FINANCIAL—Money loaned on wascbsn, cUmonda, etc., CENTRAL LOAN COMPANY, 10* Stevenson Building.

FINANCIAL—We have a Urge fund which wc can loan to sums of $6,000 and over at 4 and 5 per cent, according to security offered. A. METZGER AGENCY. KB N. Pennsylvania street

FINANCIAL—Loans, under new plan; we offer rates mo*' popular with borrowers; bet Ur than straight loan, no premium, a* core Uilssion. Interest reduce# on partial pay merits. THE INDIANA 8OCIETYF0R SaV INGS. 714 Letncke Building

Ton don't need to worry about menu. They are made so SStoffB

any one can meet them No borrower l* avsr dissatisfied with oor treatment. Com* to aad talk it over with us. AU business strtotly Sk

OdentlaL

fast

MORTGAGE

OFFIG* m LAI

134 B.

OLD PHONE

PATENT ATIORNEVS—V H LOCKWOOD. tu-tl? Lemcke Building. Indlanapolto Telephone twa

dentistry. DENTISTRY—E.AR HA KTS DENTaL PAH iA>Sh, E. ttarhinatew rt. Call aad tm betof* 1 eutwiMra.

FINANCIAL— BaLABT LOANS, Come to and toll ns bow much yon an and how long you want It; tell ns who you are. and if you are working on a salary for responsible parties, w* will let yon have the money on your own name, without security, confidentially and without consulting your employer; yon can pay It reck to Installments aa you prefer,, weekly or monthly. INDIANA MORTGAGE AND LOAN CtX. UBTARL1SHBD WT room a !/>ru*»rv m ’t.Mffff Mi* E. WASHING YON AT.

FINANCIALPRIVATE LOANS. MADE ON NEW PLAN. Any amount from »s i furniture, pianos.

removal.

etc., without removal, aad th* sam* day ytu aak tor it. No delay.

visaj / v m asmn aw* sv* anwt

Our rate# are the lowest tn tha olty. Payments arranged to suit you.

ot tom ■

Will accept all at any time. If

NO U CHARaEg L TANEN OUT IN 4D ; Remember, w* make no inquiries

of your neighbors or friends,

nor do w# publish your transaction. Our treatment Is always courteous and liberal. REMEMBER, it costs

you nothing to get our rates.

Positively^ no^^y^uniess^oaa la and)

teas strictly confidential. !8 MORTGAGE ^ URoom to, iff E. Market m.

,7.boX

>. planus, afl «ie

will loan buggies,

are esourtty

All bushu

K5'K AN cfSSW Old phone ML FINANCIAL— DON’T WORRY.

WE DO NOT WANT TOUR GOODS. This company was orfsnlssd for rial benefit of both the msehanlo an

man.

Our prices are not extortionate, aad

2 m sickness w# will not force you. It

ways boon our aim to be the most

company in Indianapolis, and wt, as , JS Ji our patron*, feri that w* can Juatlv lay claim to that title. You need have no fear ot any

put Hatty tn your dealing* with re.

If you hare mytbteg reSs MM

you money on it. Furniture. pH live stock, wagons, etc., alf enough on which to get money. Lowest and Moat Favorable Terms: Fair and courteous treatment. 41c. weakly payment of... 73t weekly payment of

“Before 1 deaHng elsewliS. oaU an/ ere us,

ROOM • ODD FELLOWS’ BLOCK.

N E. Corner Pennsylvania and Washington.

OTOt HUPER'l DBPO 8TORE.

rau,cul :s&£%,mu^—

W* loan

t?r y T»5 mOU pTAN<^ ’‘HORSES „ CK?Fra and*PERSONAL*PROPERTT of all kind*, leaving them to your posoamdon. Thto

i* the company that waa organleed for tha express purpore of supplying the pereie of

u a.”SSs

’rollwS* 1 '!■ m[ »*W BsBSw AamMMia

y payments only *j to, amounts in the same pr

can if desired make monthly to borrow la a business way tha accommodatlontrom. frUnd. W quit# of your nslghbore and you business strioUy private. Our — end we accommodate many vc

tion cheerfully given, C

CENTRAL fir* in .t ria 1 4 Room K'j i

1 E.

(«

ssri"'

FINANCIAL—’ ~ Is your L lamPord waiting I«r B your grocer your life Insurance premium 7 Is your furniture store

mentT

Is some other loaa comp a settlement? "r.rJsittSr' If so, you hare worry rying about mo “ But you say th# tbs others win pot i—~ You must have soma money **w. Stop worryln*Let us do th* wattingWe hav# money and aothto That’s our bislnssa Get out of debt ?x , sKS“i.5"»'^Lrss«"

ail paid Come aad Ws wMI

ward.

We will

OLD PMOS