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Show A UNION OF INTERESTS. <br><br> EDITOR LEADER: - I send you a synopsis of the proceedings of a meeting of the stockholders of Smithfield United Order Co-operative Store and Co-operative Saw Mill, held on the 11th last. Meeting was opened as a united order meeting, Bishop G. L. Farrell presiding. The articles of association were amended as follows, viz: The name of the association was changed from the United Order of Smithfield City, to that of Smithfield Manufacturing and Mercantile Institution, and the shares placed at five dollars each, instead of twenty-five dollars; the capital stock of the company still remains as when first incorporated, $30,000. The time of holding the annual meeting was changed from the first Monday in November of each year, to the first Monday after the 15th of February of each year. Each stockholder is now required to have ten per cent of the stock he subscribes paid up, instead of twenty-five per cent, thus conforming to the law passed by our Legislature in 1880. After this business was disposed of the meeting resolved itself into one united company. Bishop G. L. Farrell was elected chairman, and Francis Sharp secretary of the meeting. Samuel Nelson, James Cantwell, John J. Plowman, Joseph Forrester and Preston T. Morehead were chosen a committee to nominate officers for the ensuing year. They retired and the secretary read a report showing that the amount of means invested in Smithfield M.M.I. as capital stock amounted to $15,000, and about $700 belonging to aged and infirm persons deposited on interest. About $1,700 of the capital stock of the former companies applied, on indebtedness, and notices were given to withdraw about $700 from the former capital.<br><br> The chairman made a short speech on the advantages of unity in our business relations. The committee returned and presented the names of George L. Farrell, Edwin R. Miles, Samuel Nelson, Lars Tooleson, Preston T. Morehead, James Meikle and Joseph Forrester as nominees for the office of directors. It having been decided to vote by ballott [ballot] George Y. Smith and Preston T. Morehead were chosen judges and Francis Sharp and Edwin R. Miles, Jr., clerks of election; the result of the ballot was: George L. Farrell, 1856 votes; Edwin R. Miles, 1845; Preston T. Morehead, 1?45; Samuel Nelson 1237; James Meikle 1120; Lars Tooleson, ???9; Joseph Forrester, 104?; Robert Meikle, 804; George Y. Smith, ???; Francis Sharp. 6?7; Alfred Chambers, ???; Thomas Hillyard, 501; John J. Plowman 283; Thomas Mather, 46; Thomas Richardson, 17; James Mack, 8; Willis Lemmon, 8; Total number of votes cast 1856. Five judges of election declared George L. Farrell, E. R. Miles, P. T. Morehead, S. Neilson, J. Meikle, L. Toolson and J. Forrestor duly elected, they having received a majority of the votes cast, Edwin R. Miles, Francis Sharp and P. T. Morehead were nominated and sustained as a committee on by-laws, and the meeting adjourned for one week.<br><br> Peace and good order were observed throughout the meeting which was lengthy; all present seemed interested for the welfare of the institution. The prospect before us is, that having thus united our financial interests, we will be more prospered and better able to manufacture good leather, make a first class article of boots, shoes and harness and hope to sell so as to secure the trade and patronage of our friends throughout the county. Since the meeting the directors have qualified and organized as a board by electing G. L. Farrell president, S. Nelson vice president; Francis Sharp, secretary, Edwin R. Miles superintendent and treasurer. Respectfully, FRANCIS SHARP, SMITHFIELD, Utah, April 18th, 1881. |