In 1887 the Legislature appropriated $200,000 for the erection in Governor's Circle of the monument to the soldiers and sailors of the State. The conerstone was laid August 2, 1889. The monument was designed by Bruno Schmidt, of Berlin, and was built of Indiana limestone, at an expense of $600,000, including the images at the base. The monument stands 268 feet in height. Around the approaches are eight magnificent candelabra, valued at $40,000. The two cascades are the largest artificial waterfalls in the world, discharging each minute seven thousand gallons. The water is derived from driven wells beneath the monument, and after flowing over the cascade returns to the reservoir, from which it is again used through power furnished by force pumps. In 1900 the revenue of the city was $1,341,861, and the expenditure $1,245,000. The bonded debt was $2,135,700. The assessed valuation of property for 1900 was $126,672,652. There are five national banks with a combined capital of $2,400,000, and four trust companies with a combined capital of $3,000,000. The wholesale trade is extensive, confined mostly to drygoods, boots and shoes, and hats, and reaches as far south as Texas and west to Oklahoma. [Illustration COLUMBIA CLUB, INDIANAPOLIS.] Manufacturing interests are large, consisting mainly of structural iron, mill machinery, engines and various kinds of bent-wood. It is contended that only Cincinnati, Philadelphia, and New York surpass Indianapolis in the amount of many manufactured products. Mill machinery and structural iron is shipped in large quantities to Europe, South America, and other foreign lands. Indianapolis is one of the greatest horse markets in the country, and is surpassed by only three cities as a market for hogs and cattle. A belt railroad circles the city, connecting the two immense stockyards with all the steam railroads. [Illustration THE HENDRICKS MONUMENT.] In May, 1895, John Herron willed to the Art Association $200,000, with which to erect an art gallery. A site has been purchased, and the gallery is this year to be built. The Commercial Club, composed of the leading business men of the city and devoted to advancing the interests of the city, occupies its own building, an elegant eight-story structure. The home for the Columbia Club, a Republican organization of State importance, which has just been completed at an expense of nearly $200,000, is one of the finest club properties in the entire West. The Marion and the University clubs both own their buildings, and the women, too, have a club-house. The Law Building is a handsome and valuable structure of twelve stories, occupied exclusively by attorneys. The corporation has a large law library for the use of the tenants.