Show the rc ncr co and last saturday lie cr alio alto alicc dinst aulion held their annual meeting fur alic purpose of haai aug the d business allie by the dining tho lical year ending feb president alin ach occurred the clifair and about all alio lu holders ot ocic present after alid used exercise win nr rt we have summarized ns tu bills payable etc 31 by as bild gooda now in fetock basli in bank aad real estate fa one of the items under the licad n resources wa capital stock in 31 15 ut mention is undo fin glicr on in alic wo futo alio precise word which will liivi n bilauca bilau cc ol 01 Sl aud will make a of 17 per cent and a margin of 2 14 j As ill be acci tl toni pany have bought io capital stock amounting t sall i which deducted frodi alio pronia llie dividu iid is to bo 12 per cent on the capi il s aek inac cd and 1 per cent in i 01 5 wo ic leoil alit the company have pail aroh block was not 0 o alio new but was reported in lit years as liabilities in of alic great danger ol 01 fire the isgard hire considered it advisable to lavo ho isca for one year ajr at a coat ol 01 ilie conling cut expenses or tho pait year macli as clerk hire repairs to tire and in bioff stationary etc amount to our year been U ids roundup as follows in conclusion we will farther siy eliat all hoUnd alic anny still all into roni lai allodi we in saying lait alic prospects or tho aro ia fur our accounts nrc all am anil our butiro our selves not owing one collir on fac boull fur that tuc of capital beauro as liciag buchl in be placed to decrease val uati jn cicato 19 at present at aud thus oa a more lcuio ov iu to an evident lu i ou report over again oral explanation cf the details bj ihu it was then moved and by unanimous vote accepted discussion llin airoso a to he in ibo in reference to what should be the item 0 capital stol in sir said ho id not eliat the directors could have well done any belter thau ic commend its disposition in the manner but I 1 he small dividend did not all of the stockholders and that the only way to satisfy tho poorer cla clagon holder would be to pay alic 31 15 or the per cent to them ai d let iho valuation of the real remain as it is vico pi explained tha their action in reducing tuo valuation would a greater of cadi share of istock and that the concern would be mr prater tint a moat inopportune time to nylic the in real estate and thai alio llio of holders could not annj would misconstrue it abu ill advantage to be as fir 03 be could sec by the lc valuation would boa email rc ii taxes aej lie woula bu la milling llie amount to eatock instead depreciating real estate after mr it faai moved and unan aliat the ofilio auard bo adopted the election of a new coarl of directors llian willi the upon the of the the following gentlemen acro elected as director V J Cos Joha Asli worth J II 11 mur frazor jis low P T farnsworth Farns north and david lavie W G being elected fiig acu adjourned si aie die |