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Show U. O. OF HYRUM.<br><br> The annual meeting of the stockholders of the United Order of Hyrum was held on Monday, March 15th, 1880. After the ward business the secretary read the following report for the year ended Feb. 28, 1880: The capital stock of the company, in fully paid up shares, amounts to $13,725, and fractional shares to $797.73, making the total of stock $16,522.76. The company owns in real estate, ?? property, &c., depreciated to cash valuation, $18,200, showing ?? more property than the stock call for. The available means on hand as shown by our inventories, amounts to $11,753.27, while the company owes $6,927.77. After paying all expenses, loss by interest, and what we consider bad debts, we have still a surplus of $1,998,20.<br><br> The Directors in reviewing the affairs of the company and being desirous of exceeding and improving our business in the future, have decided to pay a dividend of ten per cent only; said dividend will amount to $1,572.50, leaving for a reserve fund the balance, $3,335.70, which will be used, as soon as possible in starting Blacksmith, Furniture, Tailor, or Shoe shops, and in giving employment to as many of our people as possible. The dividend will be paid as follows: One-fourth in merchandise, three fourths in our productions, and payable December 1st, 1880. The reason for deferring payment is that we have just paid out a dividend of 15 per cent., previously declared.<br><br> The principal improvements made during the year, are, our planing mill, ?? feet and two stories high, a lumber shed, fencing the lumber yard; also rebuilding our shingle mill, burnt down the year before, altogether costing $3,000. It was passed by resolution of the board of directors in our last meeting that we change our fiscal year to end Dec. 31, instead of Feb. 28, and that the business meeting be held on the third Monday in January each year, with a view that all tithing paid by the company, may be credited to individual stockholders at the proper time. The board recommend that the time of election of officers be changed from the third Monday of January, according to posted notice required by our by-laws. It is also proposed by the board that the tithing of all employed by the company is deducted out of their earnings monthly. Respectfully submitted, James Unsworth, Sec.<br><br> The report of the secretary was unanimously accepted, as also were the resolutions, propositions, &c. The following named persons were re-elected to serve as directors for the ensuing year. O. N. Liljenquist, James McBride, James Unsworth, Olaf H. Pose, George Neilsen, H. P. Neilsen, I. C. Thoresen, A. A. Allen, S. F. Allen, C. C. Shaw, Peter Christianson, Jens P. Jensen and J. G. Wilson. |