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Newspaper
Indianapolis Times
Location
Indianapolis, Indiana, United States of America
Date
Dec 31, 1927
Page
9
Indiana Secretary of State notes 1927 as a prosperous year with a surge in corporate activity. The corporations bureau reports record stock authorizations and fees, with domestic and foreign companies expanding in Indiana. Total receipts exceed 505000, well above the prior 283000 benchmark.
The article notes a large increase in authorized capital stock tied to fees and a rise in auto licenses from 66 410 in 1914 to 685 133 in the last fiscal year. It reports 4 900 stolen cars found, 4 500 returned, and 850 abandoned cars. It mentions the new accident report bureau and the criminal identification unit, with 6 500 felon fingerprints on file, reinforcing Indiana's crime clearinghouse role and a hopeful 1928 outlook.
The controller of the currency reports 7,832 national banking associations as of Oct. 31 1927 down 176 from the previous year. Despite the drop, total resources of existing institutions exceed last year by about 1.5 billion dollars due to failures mergers and stricter entry limits.
The year 1927 marked record bond sales and strong growth in the Checking and Savings Depart ments with higher average balances. The Insurance Department expanded livestock coverage and the Safe Deposit Department added 480 boxes. Trusts rose in corporate and real estate sectors aided by more European travel and higher foreign exchange. Powell Bros Union Stock Yds and Chas Riley serve as officers.
Indiana's Anti Saloon League, founded in October 1899, enters its twenty eighth year with three main efforts agitation legislation and law enforcement. The legal department handles abatement suits in Indianapolis and across the state while educational work expands with literature high school addresses and moving picture use by two James K Shields films.
The Indiana Anti-Saloon League reports growing church cooperation with Prohibition efforts. Sunday meetings across sections increased from 848 in 1925 to 1,181 in 1927, with total attendees rising from 56,519 to 117,875 over the same period.
The traffic bureau collected 20074 in fines, down 1571 from 1926. Peak payment months were March and April, with 2921 in March and 2621 in April.
The note expresses gratitude to customers from all walks of life for their business, trust, and friendship during the year. It says alterations are underway that will practically double the floor space of the institution.
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