| Show I unwiVE W K PIII Her Representative Men and Business Enterprises 0 1 y IAT might be called the GJ flavor of a town is represented repre-sented by Its fore niust citizen citi-zen ami leading business houses Some of these I hall therefore there-fore discuss m the sketchei which follow I regret that pace mil time will not permit of a wider ht of personal per-sonal memoir EXCELSIOR MERCANTILE COOn CO-On August 3 1891the year tint the boom collapsed enveloping business in that atmosphere of torpor which always settles down on disip pointed hopeii new linn under the above mine was mcorpor led with I Mr Jas W Ilxmm is manner I R ilhcr a precarious i time to I launch a new enterprise the reider will say True enough but the m corporltorJas J W Pixmm Jos 11 I F 1 Wright Adams eS Sons Co Geo McCunc T I M McCune and I Ihos Wright Srwerc men thoroughly imbued with new ide ism is-m merchandising and were willing to put their theories and methods to a practical test in the very teeth of the disasters which stared the community com-munity in the face How well they succeeded the sequel must show Knowing how easily bred the ordinary or-dinary reader is by statistic I gen crally refrain from presenting them in these sketches but here is i in instance in-stance in which I believe they will serve to excite not only interest but won ler The Fxcclsior Mercantile com pany w is incorporated for SjO ooo of wlneh 22000 Was paid in on the dIY ol incorporation But the firm assumed 17 ooo indebtedness leaving leav-ing virtually a working cip tal of only I 5000 Now for results After six years of ineycars as every one knows of increasing hard times the institution makes the following exhibit I It is i entirely en-tirely free of debt 2 Its paid up tirft fi Ilt r k cn ir stock is voo all ol the lit crcise save 3 cxjo being the accrued ac-crued earnings of the store 3 Its credit w is so good that it was able list year to purchase a larger store than itselfthe Bullion Beck of Eu I rekaborrowing on its resources 23 ooo outright for that purpose JFrom I tI business of 22 ooo the record of the first year Us trade has grown to 63000 the record of last veir 5The lureki store is making even a better record it first six months business 3Lgicgat lnS i 53oooat which rate it will soon pay fur itself Such a I showing in the history of an i enterprise nukes us eager to study its methods At first thought we ire likely to imagine that profits 1me I been unusually lirje I The opposite is in fact the true expl inn in-n ciders I in low prices his been the motto at the xceliior I from the beginning It is i not that goods arc sold high but often tint has piled up the profits When tI coun tr store does a 563 ooo business mini illy it is because its shelves are emptied tI dozen times tI year Thi fact brings me to another noticeable feature With such a trade there is no time for goods to get shopworn Broken lines and remnants are disposed of on the bargain counter at the sown s-own price Not only are goods al ways new f1shioniblc md of the hit liest grade but the clerks see to it that the gun in Ulracllvenesi whatever is to be gained by artistic display It is a pleasure to the eye just to visit and examine this splendid splen-did emporium On the IcNcr floor properly classified class-ified are complete I lines r groceries dry goods gents clothing and furnishing fur-nishing and n line of boots and shoes On the upper floor is n handsome assortment of furniture and wall paper and the beginning of a stove and h ird i are department The branch at Lurel is 1 am told equipped l ir much the same way All this might be is it is and yet the store fill were it not for the careful management of its finances During the first live years the losses m b id accounts did not amount to joo Goods arc purchased on a cash basis and lit ujually I large quan t il rdt titles both for the bake of chcapnes and to secure car rues Our sa ings in freights and discounts dis-counts alone came very nearly paying pay-ing hill our clerk lire last year said the manager to me on my recent re-cent visit You arc rcspon iblc for making it difficult to do business in Neplu is i the charge laid upon the Lxcelsior Mercantile Co They plead guilty I with pleasure Old methods hue hall to go but the people have been the gamers a fact which they ire not slow to aprcei Ue for the trade II ol this firm extends nowai fir south as Scipio Millard Count Its present officers are Jos J F I Wriju president Win Piunm MCC president Jos F I Wright Win 1axmin Junes N 1ixmin J W Ad mis and Chat H rice directors JI J W Taxman ian tiger secretary and treasurer JUDGE WAS FOOTE During a lull in the Illacklnwk war it became important strategic move capture Sin > iteh the noted Indian chief then eneimpcd with Iis braves neI i Nephi The mm to undertake it was Captain ChI Foote 1 admt mt of the N luvoo Legion I Le-gion The I militia company uas ordered to assemble for target practice prac-tice The Indian unable to resist FO tempting a spectacle filed into thef fort It was then in easy muter to make them prisoners Hostilities I breaking out afresh the prisoners I made i bolt for liberty and were I shot down by the guard an ending sincerely deplored by Cipt Foote I I out of whose hinds they had passed II hen t ken to Smpeic I On another occasion it became neeessarv to capture and execute four Indian I murderers who were encamped with i bind of warriors up Salt Creek canyon Adjutant Foote 1 led 1 Ins men out of the fort it midnight mid-night and so adroit were his move mints that by daylight the Indians found themselves surrounded bv a circle of guns and secured the cut pntshas CIa Fooe settled in Nephi m the flIol iS3i Since then he h is been among the foremost every movement connected with the growth development of the city He was born m Nell York March 23 183 removed to Nitivoo while it I w is I vet called Connneree reached Silt lake Cay in 48 t sI pent a year with his lather m Cahfornii and since i80i has resided in Nephi During the period between 1872 So Mr Foole I was superintendent of the Nephi Coop Heiltenvird I began business for I himself and m spite 01 hard tunes arid 1 filling prices Ins store h is steadily grown I till today it stands without a single plaster on it is the Judge graphically describes his freedom from indebtedness I During iSSj resident I Cleveland appointed him Probate Judge J of In ib county and he w is twice reappointed re-appointed to the same office bj President Harrison He I is a mm that h is the respect of his fellow townsmen and even his enemi silo not question his honest and integrity integ-rity |
