Bank reopens for business and quarters occupancy set
The REW Bank will open for business on June 3 and the permanent quarters will be occupied on October 1 as Security Trust Company increases its operations and space.
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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
May 24, 1901
Page
8
The REW Bank will open for business on June 3 and the permanent quarters will be occupied on October 1 as Security Trust Company increases its operations and space.
William H. Hunt of Cleveland, representing the National Bank of Cleveland with $1,590,000 capital, met local bankers yesterday and secured Columbia National Bank as a depositor. Security Trust Company directors met and voted to increase capital stock from $50,000 to $100,000, the newest trust company here with all stock subscribed quickly.
Finley Barrell & Co of Chicago file a suit in the New York Supreme Court against Newton Todd a broker in the city for 5 16 alleged due to a recent failure in Northern Pa stock Todd allegedly held Northern Pacific shares and ordered Me & Marshall the plaintiff’s York city agents to sell at market price but faced a shortage when the market collapsed
The Indianapolis South ern Railway faces delays in securing right of way to United Station as the Board of Public Works weighs protests from South Side residents led by J. L. Keach and Father Gavish. A Merchants' Association committee reviewed a proposed line from the Belt Railway south of Senate Avenue to Union Station, aiming for an amicable route and minimal personal danger, while noting potential economic benefits from coal regions and Indiana product use.
The Merchants' Association discussed a proposed right of way from Merrill Street to Union Station. A key point was that coal from within the state could be sold here for a dollar per ton less than imported coal, a claim to be verified. Some residents fear the plan uses a guise, though Mr. McGettigan said full information would be provided. The proposal may gain South Side residents' support if clarified.
A South Side committee mobilizes against the Indianapolis Southern Railway plan to enter the city via a densely populated district. It circulates petitions and mails letters to merchants urging withdrawal of signatures, citing impact on 18,106 residents across two wards, with warnings of property loss and safety concerns for schoolchildren.
State Labor Commissioner McCormack weighs the issues as machinists in Indianapolis press for local concessions at Dean Brothers pump works and Chandler Taylor, while the Dean Brothers strike expands to allied metal trades. Two firms sign scale. dispute centers on wages versus local arbitration.
The text notes that for outside contractors and the contractors to keep up a better scale of wages a scheme is being favorably considered and that a general settlement will be reached.
The Pattern Makers Union has submitted demands for a nine hour day and wage increases equal to those demanded by machinists. Firms in the city have until June 5 to settle. The union claims no nonunion pattern makers exist in the city and vows to enforce the demands.
The Rev T J Villers was surprised after prayers at First Baptist Church by a reception honoring his fortieth birthday. Attendance was high with whole families present including a ten member family. Mrs Villers hosted guests in the dining room after the meeting with refreshments served. The Villerses had previously dined with Dr and Mrs Woollen who hosted a birthday dinner.
William H. Hammons attorney in the Thorpe block was indicted by the last federal grand jury for pension law violation. He was arrested yesterday by Deputy U S Marshal John Foley and released on a $100 bond after being charged with taking a pension voucher as collateral security for a loan.
Dunlaps celebrated hats feature at Seaton's Hat Store. Pennsylvania lines announce increased passenger service with a new schedule effective Sunday May 26 on the Louisville Indianapolis and Vincennes divisions. Details include daily departures from Indianapolis to Seymour and Columbus, with Sunday-only trains and various Madison, Martinsville, Spencer and Vincennes services. Union City excursion offered for May 26.
Board of Works weighs removing North Carolina poplar trees along Northwestern avenue to allow grading and sidewalk gutter improvements. City engineer and board inspected the avenue, staked the proposed work, but delayed ordering tree removal to preserve the avenue’s beauty.
All linemen at Indianapolis Street Railway Company except Ed Folsom and the superintendent are on strike demanding a nine hour day and a 2.50 dollar daily wage with a 25 cent raise. Fourteen linemen and three foremen walkout. twelve linemen at Indianapolis Light and Power join the action. Groundmen strike in sympathy. Union leaders met with Central Union Telephone and New Telephone managers but no agreement. Workers plan no radical action and will maintain businesslike conduct unless talks break down.
Homer McCormick of Lawrence Indiana was found dead in bed at Griffith Brothers restaurant 106 South Illinois street about 10 30 last night. Death attributed to laudanum bought in Lawrence after he sought a room and writing materials. A note to his children spoke of domestic trouble and his belief his wife might remarry. Body sent to Lawrence for burial with McCormicks’ parents arriving later. Doctors at City Dispensary failed to restore him.
The Women s Label League hosted a Morrison Hall social drawing labor leaders and spouses. Music and readings complemented speeches by Central Labor Union officials and union organizers, with Miss Fred ericks closing and a union label cake presented by Typographical Union. Meetings shift to Wednesdays in Morrison Hall.
Carl Prackle, a West Michigan street-car conductor, was injured yesterday morning on Emerson place when his head struck a center pole after the car backed up to avoid the end of the line. He suffered a mashed head, a broken left arm, a dislocated shoulder, and possible internal injuries. He was taken to City Hospital where doctors fear for his life.
Labor Commissioner McCormack brokered a temporary understanding between the Journeymen Plumbers Union and the Master Plumbers Association. Journeymen will return to work while national bodies confer in Kansas City in July. Masters remain split on abolishing apprentices, with no side claiming a clear victory.
Three young girls removed by Patrolmen Shine and Hagerman from the Bike saloon on West Market street appeared in Police Court yesterday. Jessie Patterson, previously in Reform School, was fined costs. The other two await sentencing if Judge Daly decides parental restraining orders are needed.
Deputy United States Marshal Bord yesterday arrested Alexander Sanderson at Terre Haute on the charge of sending obscene pictures from this State to Ohio by express. Sanderson, a saloon keeper, was held to await further action in this city after his initial detention.
A committee of the General Teamsters Union and several contractors met in the Criminal Court room last night to press for a wage demand of 2.0 dollars per day and a ten hour workday. The movement on foot is to have the union push the change through organized action and negotiations with employers.
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