Muncie's Prosperity; lists stock and number of employees of Hemingray

[Newspaper]

Publication: The Muncie Daily Times

Muncie, IN, United States


MUNCIE’S FACTORIES

Before reviewing the figures, which better than anything else will enable the reader to comprehend the magnitude of Muncie’s growth, it should be observed that previous to October, 1891, the town contained but eleven thousand inhabitants and its manufacturing interests, though considerable, where wholly in the hands of local capitalists. These concerns, if incorporated at all, were not heavily capitalized, and afforded employment to but a limited number of men. It was only after natural gas had been discovered, revolutionizing the question of fuel, that foreign manufacturers began locating industrial enterprises here. How rapidly this added to the city’s active wealth will appear from a survey of the following list of incorporated concerns which have established themselves in the county within the past two years:

Capital Stock.

Indiana Iron Company…………………$250,000

Rochester and Muncie Land Co……….…80,000

Ames Bending Company…………….…….5,000

Nelson Glass Company……………….….25,000

Architectural Iron Company………….…...35,000

Midland Steel Company………………....250,000

Indiana Cracker Company…………….….30,000

R. E. Hill M’f’g. Company……………....100,000

Crozier Washing machine Company……....30,000

Albany Furniture Company……………….10,000

Common Sense Engine Company…….....100,000

Sterling Grocery Company…………….....15,000

Roderick Gas Company…………………...5,000

Silver Ash Institute………………………..10,000

Gas, Land and Improvement Co……….....10,000

Muncie Casket Company………………...50,000

Shoe and Leather Company……………...60,000

Gates and Blountsville Nat. Gas Co……...15,000

Farmers’ Natural Gas Company…………..5,000

Indiana Natural Gas Company………..2,000,000

Muncie Brass Plating Works……………..80,000

Manufacturers’ Gas Company…………...25,000

Port Glass Works……………………….20,000

Rochester White Land Company……... . . . [illegible text] . . .

Western Improvement Company……....100,000

Economy Gas Company………………...15,000

White River Cattle Company……………10,000

Combination Manufacturing Co………....25,000

Muncie Nail Co…………………….....200,000

Muncie Glass Company………………...25,000

Delaware County Land Company……..250,000

Novelty and Brass Works……………..100,000

Clyde Windows and Glass Works Co…..25,000

Light, Heat and Power Company……….50,000

Ball Brothers’ Glass Works…………...250,000

Muncie Forging and Iron Company….....60,000

Indiana Bridge Company……………...300,000

White River Iron and Steel Co………....75,000

Hemingray Glass Company………….....50,000

Muncie Foundry and Machine Wks…....50,000

Tappen Shoe Company………………..50,000

Muncie Skewer Company………...….. 25,000

Johnson Hardwood Company………....40,000

James Boyce & Co., shovel handles….160,000

Randy Washer Company………….......20,000

Maring, Hart & co. (glass)…………...100,000

Patterson Glass Company…………....250,000

Albany Paper Company……………    …….

Muncie Roofing Company………….....10,000

___________

Total……………………………...$5,490,000

This total is composed of incorporated concerns only, many substantial industries not of record have been omitted. The Whitely Harvesting Machine Company, which has already put into active circulation over half a million dollars, is not included in this list.

The establishment here of all these industries has necessarily brought with it an active demand for labor. The factories now in operation, employing labor and disbursing heavy monthly pay-rolls ma be easily and readily comprehended by a glance at the following tabulated statement showing the number of men employed, together with their aggregate monthly earnings, so far as the latter has been obtainable.

No. Men Monthly~ ~employed.pay-roll.

Joseph Bell Stove Company……250   $10,000

Muncie Steel Company…………150     8,000

Akron Forging Company………..200     8,000

Whitely Harvesting Machine

Company……………………..2,000    80,000

Boyer & Kandel Carriage Co….....50      2,000

Burdette Organ & Piano Co….....150      6,000

Gill Bros. & Co...glass slabs……...60      3,5