USA > Indiana > Marion County > Indianapolis > Hyman's Handbook of Indianapolis : an outline history and description of the capital of Indiana, with over three hundred illustrations from photographs made expressly for this work (1897) > Part 12
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Berlin, Vienna and Paris. Ile was physician in the Children's Hospital and the Maternity Hospital at Basel, Germany, occupied the chair of operative and clinical midwifery at the Central College of Physicians and Surgeons, and is consulting obstetrician to the City Dispensary and the Protestant Deaconess' Ilome.
DR. H. O. PANTZER'S SANITARIUM.
Dr. H. O. Pantzer's Sanitarium was established in 1892. It is located at the intersection of Massachusetts avenue, New Jersey and Michigan streets, in a handsome residence building that has been remodeled and specially equipped as a private hospital by Dr. Pantzer for the treatment of the diseases of women.
Dr. Pantzer graduated from the Medical College of Indiana in 1881, and engaged in the general practice of medicine until 1892, during which period he devoted nearly four years to study in several European universities, per- fecting his general knowledge in medicine and surgery under some of the most eminent professors in those colleges. He is a member of the American Medical Association and other well-known medical societies, and occupied the chair of clinical gynecology in Central College of Physicians and Surgeons.
Other Private Sanitariums have been established in the city, prominent among which are Dr. John Randolph Brown's for the treatment of mental diseases of men, and Dr. Frank Ferguson's Sanitarium for the treatment of diseases of women.
FIRST BAPTIST CHURCH.
MEREDIAN STREET. M.E. CHURCH.
1
ST.JOHN'S CHURCH.
SECOND- PRESBYTERIAN CHURCH.
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Fletcher's Bank was founded by Stoughton A. Fletcher, Sr., in 1839. It is the oldest and largest banking institution in the state and has been in continuous operation since its establishment. Its present capital is $1.000 .- 000. Surplus $100,000. It is owned and controlled by the now existing part- ners, S. J. and A. M. Fletcher. The firm owns more government bonds and securities than any other financial institution in the state of Indiana. The bank is commodiously housed in its building at 30-34 East Washington street, the site originally occupied fifty-seven years ago.
The Indiana National Bank, one of the oldest financial corporations in this city, began business as the branch of the Bank of the State of Indiana in 1857 in a building where the Claypool block now stands, at the corner of Washington and Illinois streets. George Tousey was president, Columbus Stevenson cashier, and Volney T. Malott teller. The conditions immediately following the war not being favorable to banks of this character, the major por- tion of the business was transferred to a national bank, and on March 14, 1865, the Indiana National Bank opened its doors on North Meridian street, with Oliver Tousey as president and D. E. Snyder, cashier. Later on the branch of the Bank of the State of Indiana was merged into the Indiana Na- tional, and George Tousey and D. M. Taylor were president and cashier, re- spectively. William Coughlin, who succeeded Mr. Tousey, was president until IS82, when he retired to become vice-president, and Volney T. Malott, who had for a period left the bank to engage in railroading and other enter- prises, returned, purchased a large portion of the stock and was elected pres- ident. Mr. Snyder, cashier, was succeeded by Mr. D. M. Taylor. lle was fol- lowed by William E. Coffin, and when the bank charter was renewed Edward B. Porter was appointed to the position, and has filled it ever since. Under the management of Volney T. Malott the bank has been exceptionally pros- perous, and has taken a high place among the foremost financial institutions of the country. The paid up capital of the bank is $300,000; surplus $720,000 and a line of deposits aggregating more than $3,000,000. It is also the gov- ernment depository.
The destruction of the bank's building by fire September 18, 1895, necessi- tated the removal to temporary quarters in the Indiana Trust building, await- ing the erection of a permanent home is undoubtedly one of the finest and most complete bank structures in the country. The building is located on the ground formerly occupied by the Bank of Commerce and other buildings at the corner of Virginia avenue and Pennsylvania street, and is used by the bank exclusively.
The Merchants' National Bank began business January 18, 1865, with $100,000 capital, its officers being Henry Schnull, president, and V. T. Malott, cashier. Its first charter expired January 19, 1885. An extension was se- cured from this date for twenty years. During the period of the first charter $279,000 in dividends were paid to its stockholders and $20,000 set aside as a surplus fund with which the bank started on its new lease. Its capital is now
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MERRERA
MERCHANTS' NATIONAL BANK.
$1,000,000, and surplus fund $90,000. The present officers of the bank are J. P. Frenzel, president; O. N. Frenzel, vice-president and cashier; Frederick Fahnley, second vice-president, and O. F. Frenzel, assistant cashier.
The Merchants' National Bank has always been a distinctively home in- stitution. Its business has been strictly local and devoted almost exclu- sively to our own merchants and manufacturers. One of the features of the bank is its foreign department, organized in,1870 by Frenzel Brothers, where drafts and letters of credit are issued on all parts of the world. The bank has been uniformly prosperous, and is considered one of the strongest and most conservative financial institutions in our state. It occupies very handsome and commodious quarters at the corner of Washington and Meridian streets.
The Capital National Bank was chartered November 13, IS89, and com- menced business December S, of the same year, in the Western Union build- ing, with a capital of $300.000. The officers and directors were M. B. Wil- son president, John S. Spann, S. P. Sheerin, M. O'Connor, J. A. Lemcke, Edward Hawkins, W. D. Ewing, cashier, N. F. Dalton, Josephus Collett vice-president, N. S. Byram, Noble C. Butler and P. H. Blue. This organi- zation continued until the spring of IS91. Immediately upon the completion of the Commercial Club building the bank was removed to its present quarters, which were specially designed for its uses. The bank has enjoyed a profitable and steady growth since its organization. It has added $45,000 to its surplus fund and has $12,000 in its undivided profits account. The present officers and directors are M. B. Wilson, president; William F. Church- man, cashier; N. S. Byram, C. F. Smith, E. S. Wilson, N. F. Dalton and A. A. Mckain.
ADIAND NATIONAL BANK
Wy NY DORFBAUER-ENE- 6
THE INDIANA NATIONAL BANK.
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HYMAN'S HANDBOOK OF INDIANAPOLIS.
FITZGERALD BUILDING.
The State Bank of Indiana was organized in December, IS92, but did not begin business formally until January 3, 1893. It was incorporated with a capital stock of $200,000, and has enjoyed a marked prosperity from its in- ception. The officers are Iliram W. Miller, president; Daniel A. Coulter, vice-president; James R. Henry, cashier.
The Indiana Trust Company was incorporated May 1, 1893, with a capital stock of $1,000,000. It was the first company in the state to be organized un- der the act of March 4, 1893, of the General Assembly of Indiana, authorizing the organization of loan and trust and safe deposit companies. Its heavy capitalization, and the character of its incorporators and stockholders endowed it with the ability to discharge the manifold functions that a trust company is called upon to fill, and from its inception has been successful to a large degree. The officers of the company are, J. P. Frenzel. president; Frederick Fahnley, first vice-president; E. G. Cornelius, second vice-president; John A. Butler, secretary. The directors are, Frederick Fahnlev, of Fahnley & McCrea, wholesale milliners; Albert Lieber, president Indianapolis Brewing Company; James F. Failey, capitalist; O. N. Frenzel, vice-president and cashier Merchants' National Bank: F. G. Darlington, superintendent Indi-in- apolis division P. C. C. & St. L. Railway Company; E. G. Cornelius, presi- dent Indiananaplis Chair Mfg. Company; Edward Hawkins, manager Indiana School Book Company; H. W. Lawrence, proprietor Spencer House; Charles
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B. Stuart, attorney at law, Lafayette. Ind .; William F. Piel., Sr., manager National Starch Mfg. Company, and J. P. Frenzel.
The company is authorized by law to act as executor, administrator, guardian, assignee, receiver, trustee and agent. It assumes the management of estates, real and personal, attending to the investment of funds, the collec- tion of rents. the payment of taxes and the general administration of prop- erty. It is a legal depository for courts and trust funds as well as for building associations. It buys and sells municipal and county bonds, and loans money on first mortgages and collateral security. It acts as surety on the bonds of executors, administrators, and guardians throughout the state. It accepts deposits, which may be withdrawn on notice, or at a fixed date previously agreed on, and allows interest on them. The liability of the stockholders of the company, added to its capital makes a sum of $2,000,000, pledged for the faithful discharge of its trusts.
An important feature of the company's business is its Safety Vault De- partment, where nearly 2,000 safety deposit boxes are at the disposal of the public at rental ranging from $5 yearly, and upwards. The vau ts are with- out doubt the handsomest and most complete in the west, and furnish abso- lute protection against burglary and destruction of valuables by either fire or water. Commodiously arranged in the rear of the vaults are the offices, where the patrons can retire and arrange and transact their business in utmost capacity. P. S. Cornelius is manager of this department, and Mrs. Mary Mckenzie, manager of the woman's department.
The Union Trust Company of Indianapolis, Ind .- To no other custo- dians are such important interests confided as to the trust companies which exert such a power in the financial affairs of all our leading and most pro- gressive cities. The scope and aim of these institutions is, primarily, the safe . keeping and management of funds for heirs, absentees, non-residents and all those whose circumstances do not permit their own personal administration of their affairs. The moral, as well as the material obligations, assumed by a trust company are, therefore, more weighty than those imposed upon any other manner of financial institutions, and it is manifest that their operations should be distinguished by the utmost conservatism and guided by a man- agement qualified by long and active experience and a broad and comprehen- sive knowledge of all matters embraced in the realm of legitimate financier- ing. An institution which is managed upon the principles above expressed is The Union Trust Company of Indianapolis, Indiana. Although this com- pany dates its incorporation back only to 1893, the well understood resources. experience in financial affairs and high standing of those to whose enterprise its inception was due, at once placed it among the strongest and most influ- ential institutions of its kind in the West, in fact, in the country. Its stock is held by leading capitalists and business men to be an investment of the soundest and most remunerative character, while its presiding officers and its directors are men whose names are synonymous with all that guar- antees financial stability, and an energetic, yet conservative management,
BANK.
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FLETCHER'S BANK.
16
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HYMAN'S HANDBOOK OF INDIANAPOLIS.
The officers are: John H. Holliday, president; Addison C. Harris, vice- president; Henry Eitel, second vice-president; H. C. G. Bals, secretary. The directors are: Charles H. Brownell, Peru; S. A. Culbertson. New Al- bany; Thomas C. Day; I. C. Elston, Crawfordsville; John II. Holliday, Ad- dison C. Harris, Sterling R. Holt. George Kothe, Henry C. Long. Volney T. Malott, Edward L. McKee, and Samuel E. Rauh. The company has a paid up capital of $600,000, and a surplus of $60,000, and the stockholders' additional liability is $600,000.
If the volume of deposits and the magnitude of the interests confided to its care in the varied relations which it holds with its patrons in its capacity as a trust company, are any criterion of the confidence reposed in the man- agement of the Union Trust Company by the surrounding community and non-resident clients, there are no similar organizations anywhere which can make a better showing. As a matter of fact, this company's services are held in the same high estimation by the people of Indianapolis as are those of the old established and influential Eastern trust companies by the people of New York, Philadelphia and Boston.
The operations of the company cover a very wide field; they give spe- cial attention to the settlement of estates, acting as executor, administrator, guardian, assignee, trustee and agent. They assume entire charge of prop- rty and estates for heirs and absentees, paying taxes, collecting rents, inter- est, dividends, etc., writing insurance, etc., and they also make a feature of the investment of funds for individuals and corporations.
A general financial business is transacted in negotiating first mortgage loans on farm and city property in the best counties in Indiana, and in buy- ing and selling high grade investment securities, such as municipal. county and school bonds, etc., and in this connection their services are invaluable to non-residents seeking investments combining as high a rate of interest as is consistent with absolute safety. The company have their offices at 6S East Market street. Indianapolis, Ind., and correspondence thus addressed always receives prompt and careful attention.
The Marion Trust Company was incorporated December 10. 1895, with a capital of $300,000, and has all the powers granted to trust companies. Is authorized by law to act as executor, administrator, guardian, assignee, re- ceiver, depository of money, trustee under wills or by appointment of court, and agent for individuals and corporations. It acts as trustee in cases as des- ignated by court and in deeds, mortgages, or trusts given by persons or corpo- rations; as agent for the management of property of corporations or persons; as a financial depository for corporations; as agent in issuing, registering, transferring or countersigning stocks, bonds and debentures; as custodian of wills, and consults as to them and other trust matters, and receives money in small or large sums as time deposits and pays interest thereon. It thus offers a profitable and secure investment for savings, inheritances and other funds.
A special department of the Marion Trust Company is its savings depart- ment, in which savings deposits of one dollar and upwards are received and on which interest is allowed on all sums remaining on deposit for six months
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HYMAN'S HANDBOOK OF INDIANAPOLIS.
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MANSUR BLOCK, EAST WASHINGTON STREET.
or longer. Demand and time certificates of deposit are also issued on which special rates of interest are allowed. The advantages possessed by the sav- ings department of the Marion Trust Company over the ordinary savings bank is that it has safely invested a large capital that stands as security to its de- positors and interest is paid at a fixed rate and not dependent on the earnings of the institution.
The officers and directors are as follows : Frank A. Maus, president; Ferdinand Winter, vice-president; Henry Kothe, second vice-president and treasurer ; Byron K. Elliott, Allen M. Fletcher, Herman Lieber, Charles Mayer, Albert E. Metzger, Michael O'Connor, Samuel [O. Pickens, George G. Tanner and Chas. N. Thompson. The offices of the company are located in the Franklin Building, southeast corner of Market street and Monument Place.
The Mutual Life Insurance Company of Indiana was incorporated under the insurance laws of 1865, in the name of "The Mutual Life and En- dowment Association of Indiana," February 17, 1SS2, by Henry Malpas, Dr. H. F. Barnes, Charles Oliver, and other parties. Soon after its organization, J. C. Green, Deloss Root and W. R. Myers became interested in the organ- ization.
In 1893 the legislature confirmed the charter under the Acts of 1865, and in IS95, the name was changed by legislative enactment to "The Mutual Life Insurance Company of Indiana."
For the past 5 years the company has issued none but level premium and investment policies, and is the only level premium company chartered by the state. It is now carrying over $4,000,000 life insurance, and has since its or- ganization paid out over $600,000 to its policy holders. It has at the present time $350,000, loaned on first mortgage securities in the state, and has gross assets of $394,313.97. Its home office was for over 14 years located on the corner of Delaware and Court streets in this city.
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LOANS
MARION TRUST CO .- FRANKLIN BUILDING.
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HYMAN'S HANDBOOK OF INDIANAPOLIS.
In March, 1896, it took quarters on the third floor of the Lemcke build- ing, corner of Market and Pennsylvania streets. It has branch offices in Fort Wayne, Terre Haute. Lafayette, and numerous other cities in the state. It is also doing business in Pennsylvania, with headquarters at Pittsburgh.
The growth of this company has not been of the mushroom order, but slow and healthy. It has, by its conservativeness, secured a firm hold on its patrons, and is recognized as one of the strongest and safest financial institu- tions in the state. Its present officers are W. R. Myers, president ; Henry Malpas, secretary and treasurer, and J. C. Green, attorney.
The Industrial Life Association was incorporated August 28, 1877. It is a purely mutual company. The officers and directors of the company are: J. O. Cooper, president; J. W. Morris, secretary and treasurer; I. S. Gordon, Alonzo Hendrickson, George E. Townley. and Dr. Henry Jameson. It is the oldest life insurance organization in the state, and during its exist- ence has issued over 45,000 policies, in the industrial department, and has paid to its policy-holders over $300.000. The company is doing a large and constantly increasing business in Indiana, and many other desirable states. The offices of the company are located in the Hartford block, in East Market street.
The State Life Insurance Company .- The organization of this company was the outgrowth of a popular demand in Indiana for a home insurance com- pany that would meet all modern requirements as to the scientific soundness of its basis, and the equity of its plans; accordingly. the company has adopted the standard scientific premiums and reserves of the American Experience Table of Mortality and 4 per cent. interest in all its policies; it is conse- quently above criticism as to soundness and permanency.
So well has the company and its plans met the approval of the best and most conservative business and professional men of the state that they have, in the exercise of an intelligent self-interest and state pride. given it a support unparalleled in the history of life insurance. It has made the greatest first vear record ever made by any company in the world. measured by the very large premium income, the high character of the business, the low expense ratio and the large reserve accumulated.
The company is now issuing a full line of policies, including ten-year term and whole life policies, with annual and deferred dividends, and 10. 15 and 20 payment policies, with all modern features. It is now doing business in four states, and is meeting with great success in all of them, and expects to enter two more in the near future. From its sworn statement filed with the and- itor of state it is shown that the total of insurance written and in force De- cember 31. 1895, amounted to $3.548,500; premium income. $70,661.48; losses paid. $7,500; disbursements (aside from losses, including dividends to policy holders. commission to agents. $39.548.90; net assets, $23,612.58; losses un- paid. none; liabilities, none.
The amount of business secured by this company during its first year from the best known and most conservative business men in Indiana must be
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credited not only to a desire to support a home institution, but also to the confidence inspired by the high standing and recognized ability of its man- agement. The officers are as follows: Andrew M. Sweeney, president; Samuel Quinn, vice-president and superintendent of agents; Wilbur S. Wynn, secretary and actuary; Allison Maxwell, M. D., medical director; Charles F. Coffin, general counsel; Union Trust Company (capital $600,000) treasurer. The home office of the company is located at 515 to 520 Lemcke building.
Indiana Insurance Company .- This company was organized by a special act granting the company a special charter on February 13, 1851, to some of
our best known citizens of that date. Among the number were included Wm. II. Morrison, Benjamin I. Blythe, Oliver II. Smith, Tim- othy R. Fletch- er, Royal Mat- thews, Robert B. Duncan and John W. Ham- ilton, all of the city of Indian- apolis, Ind.,con- tinuing them in office perpetu- ally, and mak- ing the charter of the company a perpetual INDIANA INSURANCE COMPANY. charter, and by that name made capable and able in law to have, purchase, receive, possess, enjoy and retain to themselves and their successors lands, tenements, rents, goods, chat- tels and effects to any amount not exceeding in the whole $300,000, as capi- tal stock; to transact the business of fire, life, accident, tornado, inland, ma - rine insurance and annuity and also banking and trust company business.
The organization was completed and the charter was accepted in March, 1851. On March 5, 1875, the legislature amended the charter continuing it as a perpetual charter under special act and adding and retaining the follow- ing names as members of the corporation, to wit: Wm. H. Morrison, Robert B. Duncan, Abraham W. Hendricks, Elijah S. Alford, James A. Wildman,
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Addison L. Roach, Thomas D. Kingan, Richard J. Bright, John Love, Robert L. McKee, George Clark, A. F. Armstrong, Wm. R. McKeen, by the name and style of the Indiana Insurance Company, to re-organize the com- pany and subscribe for the capital stock of the same, and elected their officers and directors according to the terms of the charter.
It was continued under their administration until the year ISSo, when the present management of the company purchased a controling interest in the stock of the company, and have been operating it successfully ever since. The present officers and directors are as follows: M. V. McGilliard. presi- dent; Otto Stechhan, vice-president; E. G. Cornelius, treasurer; J. Kirk Wright, secretary; Charles Schurman, assistant secretary; W. A. Wildhack, A. A. Young, James S. Cruse, George C. Pearson, C. G. Dodge and W. F. Browder. The company confines its business catirely to fire insurance upon dwellings and contents, mercantile buildings and contents, churches, school houses, colleges, brick warehouses, hotels and office buildings and their con- tents. They do not write upon special hazard property of any kind. The capital stock has been placed at $300,000, of which $200,000 has been taken and the balance of the capital stock is being placed at the present time. The McGilliard Agency Company are general agents of this leading company, which is the largest insurance company organized in the state of Indiana. The McGilliard Agency Company consists of M. V. McGilliard, Edwin Hill, Albert W. Hall and J. Kirk Wright. It is the oldest fire insurance agency in the state of Indiana, with one exception.
The German Fire Insurance Company of Indiana is the outgrowth of the German Mutual Insurance Company, organized April 1, 1854, and which, during the long period that has since intervened, gained a foremost position among the leading mutual fire associations of the country. After conduct- ing business for over forty years on the mutual system, it was decided to in- corporate as a joint stock company, and this change was effected March Ir, 1896, under the title of The German Fire Insurance Co., of Indiana. The last statement submitted by the old company to the Auditor of State showed actual resources of $353,078.54, and insurance in force of $5.733-362.50, with no valid claims outstanding. Incorporated with a capital of $100,000, the company begins business under the new system with actual assets of nearly half a million dollars, thus making it the strongest fire company in the State. over all of which it does business. The new management comprises Theo- dore Stein, president; Frederick Schrader, first vice-president; John W Schmidt, second vice-president; Lorenz Schmidt, secretary, and Theodore Reyer, treasurer. These five gentlemen, together with Messrs. Ferd A. Mueller, Wm. F. Kuhn, Wm. Wilkins and Wm. Kohlstaedt. compose the directory. The management comprises some of the best-known business men in Indianapolis.
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