Show r co ap a gnat anat ica cooperative OPERATIVE CO 0 1 l G J timo uumo ft 1 J 7 T of the stockholders of nois dois operative cooperative co mercantile institution met as fer fen per appointment at zit 2 1 pm pin yesterday at the tho tabernacle A majority of the stoer stock in the institution was vas represented at aft th meeting the meeting was wag called to order arder by the president of the tche board of directors president dent young toung alid aud tho the superintendent of the institution HB H B clawson esq read his leport l r it and anil the Secre seere secretary report having been adopted as theirs theira by the board of directors af a previous meeting which was its ils considered highly satisfactory and pa upon motion was by a unanimous vote wan clayton esq the secretary atthe of the tho enill institution theu read his lepor report t which exhibited i in n a striking light the tha healthy and flourishing condition ou of ar the institution and jia its bustness business we think egery ayery stockholder r pres pres PrOs bent fent inhar have hase been gratified at t the 0 bari hari bIal embodied in tah 3 report rep brt upon motion the xem A s adopted the tae board of dire directors t re through the secreta secretary itt ITI then deci deel declared k d a dividend of ox ten per ceat ceaf or the six sis months tilt tili ea ended ed payable in cash at jhb expiration or sity elty eity days daj s br if pra ferrad to be added to the capital stock df of eacH shareholder at the option of such auch shareholder Renia remarks iks were made mado aj by tub the zhe stockholders on the prospects of bf the institution and the tho prosperity which had attended I 1 4 thus far he felt aud and nd in express expressing hig the feeling he but echoed he feid felt sure the sentiment ment of the shareholders that zions co oper opera tive tivo mercantile institution was a fixed fact motions were vere made and se seconded oon con ded thau that president young be continued as Tres president ident of the board of directors that hon win H hooper retain the position of vice president and that wm jennings geo A am smith 1 ith horace S eldredge george Q cannon and thomas taylor the present directors H HB B clawson the present superintendent and wm claytob Clay ciny tori torl thae the present secretary bb rb reelected elected re which motions were unanimously carried and the meeting adjourned the superintendent of tue the Ins oita fita itu ilu 1 tion i 0 1 1 1 in making hia hla report 1 made the f following 0 1 1 w ing statement fridh is id 1 arthy hv bf on oi iW the barof af f hi PV 0 pie ale F hebald go i ethere there is 19 an ah evident in the in minds minda of abany ciany jombur of our brethren wih regard to the spirit of thiis organization it ia is supposed to ba be an interference with 1 bivito vate right and had business busi busl nesy nesa witheat any great underlying principle of general application and benefit hence some continue in a business capacity not only without sustaining the institution but in direct and bungener un gener genet ous rivalry thereto misrepresenting its character for the tha self evident purpose of individual profit this is to be deprecated because it savors of division and interfere interferes inter nerea ferea 4 with the great groat idea of united importation which alone is the guarantee for home manufacture it being apparent that go 60 abua ifju as any and every man can import boldo holdo home bome e goods will be at a discount whereas with one importing ahonso penetrated by the spirit ot of this movement importation ia ig abruptly any article articie can b be secured at home tile the institution haa baa had serious difficulties cill cuil ties to contend with many attempts have been made to damage and even to ruin its credit in thelast the esst East telegraphic dispatches letters and newspaper articles have been sent cent at abb various times misrepresenting the condition of the institution and with the evident design of creating alarm in the breasts of dealers dealer sintha sinthe in tha east respecting its sol soi vency the tiie adoption of operation cooperation co and the lae organization of the institution forthe for the purchase and sale saig of merch merchandise bad had caused several al men who ver iver lir m that business at the time to apostatize and to come corne out in opposition t to the principle it was to be expected that they and all those who were leagued with them jn in fe feeling lang donld duld oppose and do all in their power rower to crip clip pie and destros destroy the ther institution rhey thel ibey thir have done so but despite a ati ail I 1 their thein efforts it if has moved steadily p onward rivard and operation cooperation co hag bag ha been bract osil call cally tested to the perfect satisfaction af those who have beep interested ants 4 jus adopt lob iob are ye pre yve not warranted W in baying ag that the alef difficulties atlea wh cil llave live lain in itei pathway havo have heen been hp su mounted the people havo have low biow gain gained d considerable bratle exper experience fence dence ence once tp n the ra ment ni of bul bui business neBs nebb conducted upon I 1 1 a principles they arde arri familiarized with it I 1 and in this as in other othen untried principles prin cl a great point is gained when they are feted tested by actual experience enery everything connected with it has bas become greatly simplified through the practical triai trial r al which it has baa received duil duli during ug the past asat elgh eighteen ten months some idea can be formed of the id increased facilities which are now placed within the reach of the cultivators af the soli from the statement made vee yee yesterday an n the report of the superintend elit ent that during the past six elx months agricultural machinery to the value of t twenty went 0 o one e thousand dollars lim haa been sported I 1 by the institution thi this as h he a stated must have great influence oh the productive and laborsaving labor bavin savin saving gintaro interests of the territory and is an evidence of the increase of population increase inthe number of acres redeemed from sterility increase of product and increase of wealth dinong the people the institution during duning the past six sli month abas ahas done business in ill art articles loles leles of home manufacture to the amount of about forty thousand doll dollars drs hrs with proper management there are good grounds to hope that at every semi ua annual bual nuil meeting the report wili will show an increased production and ble bie of goods of home manufacture put aside from such sueh artic antic articles lesan an adl be made to stop atop the importation 0 of fark park beef and cheese const considerable oam quantities of which have hee bee heen been ought brought ti here td tit supply thio jhio I 1 thie demand demaud the remedy f a inthe hithe hands df f the community and kud a ade st na ali 1 is lou IOU loudly I 1 te TUP mends fiends bf the institution have cave every cause to be proud of jt its ita success it ha haa fulfilled all reasonable expectations aud and ud it should the cordial of evory every person who hag bag the cause of lion zion at heart the capital stock should bg b increased thia this would add greatly to as r a usefulness and efficiency and accomplish in a more thorough manner the great and laudable objects for which the institution was or organized anizel I 1 I 1 |