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This newspaper page contains 10 articles. Subscribers can read the full text of each article.
Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Jun 02, 1901
Page
13
A survey of Indianapolis real estate firms reveals Indiana Trust Company’s strong growth in property rentals and trust-backed deals. Interviews with Stevenson, Sayles, Metzger, Wober, Seidensticker & Root, Mick, Spann, and others highlight the market's demand for income properties, low interest rates, and a bright future as developers push urban expansion and flatter growth across business and residential spaces.
The American and Columbia national banks and the Security Trust Company attract attention with a ground floor post office facing location. The firm introduces home savings accounts with tiny steel banks for $1 plus, aimed at both adults and children, to boost deposits. Key officers include Mr Daily president and Gavin L. Payne secretary. other staff members oversee books and probate. Indianapolis gains outside capital and stronger ties with Indiana bankers as trust firms expand, promising safe, profitable growth and a convenient savings depository for depositors.
J W Brown & Co at 116 East Market is a two member firm led by J W Brown and son G W Brown. They handle real estate loans investments rentals and insurance. A recent sale of 154 Emerson avenue lots to German American Building Association for 15400 plus about 4 worth of other property and balance cash. Indianapolis market remarks by Frank J L Furguson at 128 East Market highlight high prices and full value realization amid surprises in buying and selling.
Due to steady city growth and demand for income bearing property and homes, interurban electric roads have aided Indianapolis and will further enable homeseekers to obtain larger lots at reasonable prices near the city center. Vacant ground north of the city shows phenomenal advances with more gains expected, offering profitable investment prospects as the city remains progressive and prosperous.
A survey of Indianapolis fire insurers shows merchants and manufacturers anxious about a new rate schedule. They demand proof of fairness before acceptance, citing past losses on South Meridian Street and urging higher protection measures to justify premiums. Local businessmen fear the woodworkers schedule hints at steep increases.
A February column rails at excessive praise of American youth and its consequences on behavior from the immigrant on East Side to the college boy. It contrasts public antics with responsibilities, then shifts to a New Yorker’s remark on Indianapolis growth and notes several local insurance firms and leaders, detailing their history and current status.
Otto N. Frenzel vice president of Merchants' National Bank and Volney T. Malott president of Indiana National Bank both report Indianapolis in very healthful financial condition. They cite strong manufacturing wholesale and retail activity and sustained money demand. They forecast 191 toward one of the most prosperous years in the city's history.
Charles E. Thornton announces the Indiana Society for Savings remains in the most encouraging condition in its history. Since 1830 the lender to Indianapolis real estate has kept borrowers prompt with payments, reduced debts rapidly, and aided in building about 1,000 homes for working people. The bank has lowered interest and abolished premiums to meet a flood of investment money, stressing safe, well secured loans on local property. Officers: Thornton president, Guthrie vice president, Watson secretary.
A February note from the New York Evening Sun previews next summer fashion for men. It cites the Haberdasher’s February forecast that men will dress comfortably and sensibly with well fitting clothes, subtle color, and practical attire for the season.
A long fashion column recounts expectations for next summer, noting shirtwaists will shrink in focus while tailored plaits, belts, and muted cravats rise. It canvasses coats, trousers, and fabrics from serge to shell leather, detailing styles, widths, and color schemes for men and women, with emphasis on practicality and comfort.
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