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 (1907) > Part 12
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HYMAN'S HANDBOOK OF INDIANAPOLIS.
OF SIGNERS ENGRAVETES
TCHINGS
INDIANAPOLIS ENGRAVING & ELECTROTYPING CO
INDIANAPOLIS ELECTROTYPE POUNDRY
SOVIE 2 SUPPLIES
INDIANAPOLIS ELECTROTYPE FOUNDRY.
been attained, together with the greatest economy in the production of the work ; also a promptness in handling work which is responsible in a very large measure for the satisfaction they are giving their custom- ers. It is generally conceded that they occupy the foremost position in their line of work, which includes the making of printing plates by all methods-halftones, zinc etchings, wood engravings, duotones, three- color halftones, etc. They are leaders in illustrating, designing, me- chanical retouching, wash drawing, pen drawing, etc., having in their employ a large number of talented and capable artists, each of whom is a specialist in some particular line. Mr. H. W. Ballard is president ; E. C. Ropkey, secretary, and W. S. Allen, treasurer.
F. E. Quick, Photographer-Photography is a many-sided art, and there are few among the professional classes that have brought their work up to that point where it is looked upon as art. It is for this reason that the work of the genuine artist is notable. Mr. Quick is an artist photographer. Many examples of his work abound in this city and they are all easily recognized by the character he gives his pic- tures. Mr. Quick was for a number of years the staff photographer of the Indiana Sentinel. He has în his possession a fine collection of the notable views in and about Indianapolis, copies of which he has sent to many countries. Many of the views on foreign postals of Indian- apolis are from his camera. Those wanting work of this character in view or commercial photography should correspond with him. Many of the views in Hyman's Handbook were made by Mr. Quick. Address 229 Massachusetts avenue, or 'phone Main 827.
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Indiana Electrotype Company-This company was established in 1893, and is one of the largest concerns in the state engaged in the production of electrotypes, stereotypes, wood-and process engraving. A special feature of this concern is the production of "nickle-types," an advanced ENGRAVERS method for duplicating half-tonesand other engrav- ing. The com- pany is lo- cated at 23 and 25 West Pearl street. ERMEEE The com- pany's plant is equipped with the lat- est and most INDUNA ELECTROTYPE CO. INDIANA' ELECTROTYPE .COMPANY modern appli- ances, enabl- ing it to han- dle the larg- est contract with speed and economy and guaran- teeing the INDIANA ELECTROTYPE COMPANY. best of work-
manship. The members of the company are C. A. Patterson, John B. Fleck and Joseph E. Fleck.
H. C. Bauer Engraving Company, 107-109 South Pennsylvania street, designers, engravers, electrotypers and printing plate mannfac- turers, established in 1889, is one of the most extensive concerns of its kind in the state, where printing plates by every known process are manufactured with rare skill and excellence. Many of the engravings used in Hyman's Handbook of Indianapolis are the products of this institution. A large force of skilled and experienced artists are em- ployed in the various departments. Designs are furnished for cata- lognes and all kinds of book illustrations, requiring wood, zinc or half- tone engraving, which is a leading specialty of this house, and the ample facilities which it commands enables it to handle the largest contracts with promptness and at prices as low as is consistent with high grade workmanship. The wax process is employed in the produc-
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tion of map work, charts, diagrams, etc., which produces results not attainable in any other method. The trade of this firm extends through- out this state and adjoining territory, where it enjoys an established reputation for first-class workmanship.
Wm. B. Burford, Printer, Lithographer and Binder, 38 South Meridian street and 17, 19, 21 and 23 West Pearl street-This is one of the oldest and largest general printing establishments in the city. It was founded in 1862 by Wm. Braden, with Miles W. Burford as silent partner. In 1871 Mr. M. W. Burford retired from the firm and turned his interest over to his son, Wm. B. Burford, and in 1875 Mr. Wm. B. Burford purchased Mr. Braden's interest, and TTOCHAR E has continued as sole proprietor since. The present plant is an ex- RAVING & PRINTING tensive one, embracing printing, binding, litho- RING STATIONER. graphing, blank book manufacturing, steel, copper and photo-en- graving departments. Each department is fit- ted with the very latest improved machinery, in- FACTORY OF WM. B. BURFORO. suring speed and econ- omy in the production of work, and are the largest and most complete in their various lines in the state. The printing department is equipped with typesetting machines and fifteen cylinder presses and automatic feed- ers; one Harris automatic envelope press, with a capacity of more than 15,000 envelopes per hour ; a steam steel die press, with a capacity of 5,400 per hour. In the lithograph printing department are five steam lithographie presses. This is undoubtedly one of the largest and best equipped plauts for printing of all kinds in the west. For over twenty years Mr. Burford has had the contract for furnishing all the lithographing, blank books, stationery, printing and binding for the State of Indiana; also for more than forty counties in the state. The stationery department and offices are located at 38 South Meridian street, where a complete line of stationery and cabinet index filing de- vices are carried, and the factory is situated in the rear, a large six- story structure, built specially for its purpose, at 17, 19, 21 and 23 West Pearl street. Over 250 people are employed in the various departments, and the trade extends throughout the central west.
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The W. H. Bass Photo Co., Commercial Photographers, located at 308-310 South New Jersey street, was established by the James Bayne Co. in 1897 and was bought by W. H. Bass, the present owner, in 1899. The building they occupy, which is also owned by Mr. Bass, was de- signed and erected especially for this business. It has a floor space of 3,000 square feet and the largest skylight and operating-room in the state. Their equipment of Ienses and photo-apparatus is the best for the purpose the market affords. The day of sunlight printing is a past process and this firm is fully equipped for doing all kinds of work by artificial light apparatus, especially designed for the purpose. While the photographing of furniture, beds and machinery is their main line, they do a large general photographie busi- ness and have probably more negatives of Indianapolis than all of the other photographers of the city, and are the only ones who have a full photo- graphic representation of Crown Hill Cemetery.
The Quick Photo & En= graving Co .- An advanced step in the art of making printing plates was taken by this firm when photography and photo-engraving was combined in one business. As in all things American, a constantly improved standard is demanded in the printer's art, highly efficient illustrations is the order of the day in all business. Our plan embraces the delivery of the finished product, keeping the entire process of photography, retouching, etching, half-toning and printing constantly before the observation of artists and experts in the various departments. This makes one concern responsible for per- fect results, and the old-time comedy farce between the printer and the engraver and the photographer in shifting responsibility for error and bad results upon each other has been swept away. Our photographic department is complete in every detail, equipped for all kinds of com- mercial and view photography, enlargements and view photography. We are specialists in supplying and photographing models for general illustrating purposes and have in stock over 4,000 stock negatives of parks, public buildings and beautiful scenery about Indianapolis. The
STAFFORD ENGRAVING COMPANY.
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art department is prepared to make all kinds of illustrations, designs and drawings, to retouch and prepare machinery and other copy for the engraver. Our engraving department is equipped for the making of the highest quality in one, two, three and four-color half-tones, zinc etchings and embossing dies. We are not printers, but knowing the quality of our printing plates, we are in a position to demand and get the best quality from the printer. We shoulder this responsibility for our customers at no greater cost to them, making ourselves responsible for results. Our location is 77 North New Jersey street. Both phones.
Stafford Engraving Company-Among the country's leading en- graving and illustrating houses may be placed the Stafford Engraving Company, Century Building, Indianapolis. The policy of the firm is to do the very highest grade of work in all departments, equal to any that can be procured in any establishment in the east. This has necessi- tated the employment of very high salaried men, many of whom are induced to leave lucrative positions in leading New York, Philadelphia and Chicago houses. The merit of the output is evidenced by the character of the customers, being a class that demand the best to be had, and the constantly growing business. It is probable that no house in New York can show a more satisfactory line of samples of mechanical work than this concern now has on exhibition. Each artist employed is a specialist in some one particular line, and to this may be as- cribed much of the firm's success. Anything that a catalogue, maga- zine, book, hanger, label or poster may require in the way of an artistic creation this firm is prepared to do and guarantee satisfaction. The plates turned out by the Stafford Engraving Company are always clean, bright, brilliant and possess unsurpassed printing qualities. A printer can do a good job from this firm's plates for less money than he can an ordinary job from inferior plates, as less make-ready and washing-up is required. Six competent men with assistants are employed in the office and every detail of each order is carefully watched from the tinie an order is entered until finished. A new department has been in- stalled for color work, three and four color halftone plates being pro- duced by color experts from New York and Chicago. It is expected that the concern will stand alongside the best houses in the country in this line of work. It is safe to say that no house of the kind gives more uniform satisfaction to its customers than the Stafford Engraving Company, Its president, E. E. Stafford, established the business in 1890.
5
FINANCIAL INSURANCE AND COMMERCIAL INSTITUTIONS
BANKS, BROKERS, CLEARING-HOUSE, TRUST AND SECURITY COMPANIES, SAFETY DEPOSIT, INSURANCE COMPANIES, REAL ESTATE, ETC.
Banking in Indianapolis-The history of banking in Indianapolis dates back to the early days of the city, when a private bank was started; bnt the first chartered bank was the State Bank of Indiana, which was chartered in 1834 with a capital of $1,600,000. The charter was to run twenty-five years and half of the capital stock was to be taken by the state, which raised the money by the sale of bonds. The state's share of the dividends, after paying the bonds, was to go to the estab- lishment of a general school fund, and this was the foundation of the excellent endowment of Indiana's public schools. The investment ulti- mately yielded to the state $3,700,000 after the payment of the bank bonds. The main bank and one of its branches were located in Indian- apolis, beginning business November 26, 1832. The first president of this bank was Samuel Merrill, with whom were associated Calvin Fletcher, Seaton W. Norris, Robert Morrison and Thomas R. Scott as directors. In 1840 the bank removed to its new building at Kentucky avenue and Illinois street. The Indianapolis branch was organized with Hervey Bates, president, and B. F. Morris, cashier. After the charter expired, the Bank of the State of Indiana was chartered, the interest of the state being withdrawn and Hngh McCulloch, who was later secretary of the treasury of the United States, became president of the bank, which remained in business, with seventeen branches, until the inauguration of the national banking system, when the various branches were merged into different national banks in their respective localities. The bank facilities of Indianapolis are furnished by six national banks, with resources of more than $34,000,000, and six trust companies, with capital and resources in excess of more than $14,000,000, in addition to private banks, most of which are devoted more especially to investment banking and the loaning of money on mortgages for clients. There is no city in the country where the banks are of higher standing than in Indianapolis.
The Indianapolis Clearing=house Association, which is composed of the leading banks of the city, showed bank clearings for twelve months ending September 30, 1907, amounting to $411,412,111.26 from all of the national banks.
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HYMAN'S HANDBOOK OF INDIANAPOLIS.
Fletcher National Bank-The oldest bank in the city and the one carrying the largest deposits, commemorates by its name the conuection with the institution of one of Indiana's pioneer financiers, Stoughton A. Fletcher. It was organized as a private bank in 1839 by the firm of S. A. Fletcher & Co., and has ever been recognized throughout Indiana for its high efficiency and strength, and no other institution in the state has more fully enjoyed the confidence of the people.
The history of the "Fletcher Bank," as it is familiarly called, is inseparably identified with the history of the city itself. The few con- temporary institutions of its earlier days are remembered only by the oldest citizen of Indianapolis, and it has witnessed the growth of the small community of sixty-eight years ago into the largest inland city in America. During all these years it has constantly enjoyed the fullest measure of public confidence, passing through every period of general financial stringency with stability unshaken and credit unimpaired.
On March 28, 1898, the bank was reorganized under the national banking act as the Fletcher National Bank, but the personnel of the management under which it has remained is such that it retains the peculiar individuality which attaches to the pioneer banks of the state. Its statement dated May 20, 1907. showed capital stock of $500,000; and the bank had accumulated a surplus fund of $500,000, while it held de- posits of over $8,000,000 and had total resources of a little less than $10,000,000. 'The bank is located in East Washington street. in the stone structure known as the Fletcher Bank building. It is a five- story and basement building, of which the bank occupies the ground floor and basement for banking offices and safety deposit vaults. The bank conducts all of the departments of commercial banking, making loans and discounts, buying and selling government bonds and exchange, issuing foreign drafts and letters of credit and making commercial loans. The safe deposit vaults are equipped in the most approved and modern manner and afford excellent facilities for the safe-keeping of papers and valuables. The officers of the bank are: Stoughton J. Fletcher. president ; Stoughton A. Fletcher, vice-president ; William A. Hughes. vice-president ; Charles Latham, cashier ; Ralph K. Smith, assistant cash- ier, and G. H. Mueller, assistant cashier.
Indiana National Bank of Indianapolis, Indiana-It is of great importance to a business center to have banking facilities adequate for the requirements of its business. One of the leading banks in the state of Indiana is the Indiana National Bank, which dates its inception back to 1865. It is the direct descendant of an honorable ancestry, the State Bank of Indiana, one of the earliest and most widely known banks of the west, which was chartered by special act of the legislature in 1834. At this time, when the state was being slowly settled with hardy toilers from the East and South, and when currency was scarce, an institu-
FLETCHER NATIONAL BANK.
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HYMAN'S HANDBOOK OF INDIANAPOLIS.
tion of such strength and character was a great aid in marketing the rich products of these new and distant settlements. Upon the expira- tion of its charter, in 1856, this bank was succeeded by the Bank of the State of Indiana, with branches in Lawrenceburg, Madison, Terre Haute, Lafayette, Fort Wayne, Richmond and other places. In an address before the American Bankers' Association at Detroit, Mr. William C. Cornwell, an eminent financial writer, said: "It was one of the best banks the world has ever known," it lived through two terrible panics, never suspending specie payments. It is a matter of history that the Chemical Bank of New York, the State Bank of Kentucky at Frankfort, and the Bank of the State of Indiana, were actually the only banks in the United States that did not suspend payment during the panic of 1857.
When the civil war had reached its height, the government pro- posed the organization of national banks, and the directors of the local branch of the Bank of the State of Indiana organized the Indiana Na- tional Bank, with George Tousey, president, and David E. Snyder, cashier. F'rom the beginning it greatly prospered. Mr. Volney T. Ma- lott bought the controlling interest in the Indiaua National Bank in the year 1882, and has been the president for over twenty-five years. He, however, has been engaged in the banking business for fifty years, starting as teller in Wooley's bank at the age of seventeen. Mr. Malott is a shrewd and farseeing financier, being progressive and conservative, and has had for officers men of the highest integrity and business abil- ity. Mr. Wm. Coughlen was vice-president from 1882 to 1894, Mr. George B. Yandes from 1894 to 1896, and Mr. Edward L. McKee from 1896 to 1904. Mr. McKee was succeeded by Mr. Henry Eitel, who is now vice-president. Mr. Edward B. Porter, cashier, has been with the bank twenty-two years.
The growth of the bank since Mr. Malott bought control has been phenomenal. The capital stock in 1882 was $300,000 and surplus $70,000. In August, 1001, the capital stock was increased from earnings to $1.000,000, and surplus $250,000. The board of directors for a number of years was composed of Volney I. Malott, Wm. Coughlen, R. S. Mc- Kee, George Merritt, W. J. Holliday, George B. Yandes, Chas. H. Brow- nell and George T. Porter, and they all gave valuable assistance to the growth and prosperity of the bank and guided it safely through panics and financial disturbances.
On January 12, 1897, the Indiana National Bank moved into its new home, the present magnificent building, which was erected at a cost of $300,000. The building is of classic architecture, somewhat resembling the Bank of England, It is conveniently located and is one of the very few fireproof structures of this kind in Indiana. Its im- mense vaults are built of laminated chrome steel overlapping plates, no cast steel or chilled steel entering into their construction.
IONAL BANK
-
INDIANA NATIONAL BANK.
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HYMAN'S HANDBOOK OF INDIANAPOLIS.
The officers of the bank are Mr. Volney T. Malott, president; Mr. Henry Eitel, vice-president ; Mr. Edward B. Porter, cashier, and'Mr. Ed- ward D. Moore, assistant cashier. The present board of directors is composed of Volney T. Malott, George B. Yandes, W. J. IIolliday, Chas. H. Brownell, John H. Holliday, Hiram P. Wasson, Edward L. McKee and Arthur V. Brown. The capital stock is $1,000.000; surplus and un- divided profits, $900,000, all from earnings, besides paying dividends ; deposits, $7,000,000 ; loans. $1.500,000, and resources ahout $10,000,000.
The Merchants' National Bank was established in 1865. A dis- tinction this bank enjoys that is, perhaps, without parallel in the annals of banking in this country is the fact that its present chief officers en- tered the services of the hank as messenger boys, and worked up through various capacities to their present positions. John P. Frenzel has served the bank forty years, twenty years of which has been as president. Dur- ing that period he has stood out as one of the prominent figures in na- tional, state and local financial movements and through whose instru- mentality much of the city's progress in this direction is due. He was the pioneer in the movement that has given Indianapolis its splendid trust companies, having been conspicuous in the work that seenred the passage of the law under which all of the fiduciary institutions are in- corporated, particularly the Indiana Trust Company, of which he is president. Mr. Otto N. Frenzel has seen thirty-eight years' service with the bank, and Oscar F. Frenzel thirty-four years. Under their admin- istration the bank has become one of the largest and most influential financial institutions in the state. The Merchants' National Bank be- gan with a capital of $100,000. Its first cashier was Volney T. Malott. Its first charter expired in 1885, but was extended twenty years, and again extended for twenty years in 1905. During the period of the first charter, $279,000 in dividends were declared and $20,000 was set aside as a surplus fund with which the bank started upon its new lease. Its capital stock now is $1,000,000; surplus and undivided profits, $839,- 255.71; total resources, $9,391,264.63, and a deposit line in excess of $6,000,000-a large proportion of which represents individual and mer- cantile deposits. The policy of the bank is conservative and its business is confined strictly to commercial banking. On October 1, 1907, the ninetieth dividend was declared, making tbe total amount of dividends paid $1,386,724.13; iu addition $500,000 has been added to the surplus of the bank, showing an accumulation of profits during the forty-two years of its existence of $2,225,000, on an average capital of $310,000. The officers of the bank are O. N. Frenzel, president ; J. P. Frenzel, first vice-president : Fred Fahnley, second vice-president ; O. F. Frenzel, cashier ; J. P. Frenzel, Jr., assistant cashier. The directors are J. F. Failey, Fred Fahnley. Albert Lieber, Paul II. Krauss, J. P. Frenzel, O. N. Frenzel and Henry Wetzel.
LEEL
LLEEE
11111
3
THE MERCHANTS NATIONAL BANK.
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HYMAN'S HANDBOOK OF INDIANAPOLIS.
The Merchants' National Bank is most fittiugly emphasizing its long and successful career in the erection of its new bank and office building at the corner of Washington and Meridian streets. When completed it will not only contain the finest and best appointed banking rooms, but will be the most conspicuous business and office structure in the city. It will be a sixteen-story building, and the structure has been designed in accordance with the latest practice in the matter of office buildings and will include all of the very latest improvements. One half of the ground floor and the second floor will be given over entirely to the use of a monumental banking room for the use of the Merchants' National Bank. In the treatment of the banking room, which is 66 feet wide by 90 feet long, nothing has been spared in the use of space or the employ- ment of sumptuous materials to make this apartment one of the no- table banking rooms of the country.
The safety deposit department, which will be complete in its equip- ment, will occupy the basement. It will be reached by a marble stair- case leading from the ground floor lobby immediately next the bank entrance and descending directly to a public lobby in the basement. Next to the public lobby will be the office of the manager of the safety de- posit department. Passing through a massive grille the spectator will find himself in the customers' lobby with coupon rooms at either end and the bank vault immediately in front of him. The bank vault will be cased in marble and will be 31 feet long by 12 feet wide. The public lobby will be 20 feet wide and 56 feet long and will have in connection with it an ample trunk vault, and the usual conveniences, including a retiring room for women.
The vault front will be a formidable one, with a massive circular door. The interior will be lined with boxes of polished bronze on two sides. The safety deposit van!t will be opened with 1,400 boxes, but with a capacity for 2,900. which will have every protection against inva- sion by fire, mobs or anything that the ingenuity of man can devise. The funds of the bank are to be deposited in wall safes, which will occupy a part of one side of the vault. These safes belonging to the bank will be in nowise distinguished from the boxes in the safety deposit section except by their size. The bank's safes are placed in the customers' vault, with the idea that what constitutes safety for the customer will constitute safety for the bank itself.
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