Show A magnificent HOME institution AT two this aftem afternoon oon the semiannual semi annual meeting of the stockholders stock holders of Z 0 M 1 I took place in the council house in this thid city the attendance was numerous nume roup which shows a growing interest on the part of the people in the great operative cooperative co movement of which in this city with its branches at ogden and logan ga riis is the tangible embodiment for upwards of en years this institution has stood the test of panics and dull times as well as the more trying ordeal of prosperity but its foundation waw wai laid so broad and deep that it has remained uni ihuken by eve every triai trial and today to day its ts credit is not surpassed assed while it stands without a riv rival on this continent the meeting having been called to order by vice president jennings who proceeded to read the presidents i leport to the stockholders from which we gather the he following follows foll owl the merchandise purchased by the institution tion during the pa taix months has amounted to the large sum of upon which freight to railroad and express companies was paid to the amount of the institution sales have steadily grown from year to year until for the past half year they amount to OK the large sum of the average cost to the institution tor for goods in the home d departments t has been less than 4 per cent on the total amount of goods sold the cash receipts for the half year have been the reserve fund accumulated amounts mamounis to the dividend declared for the half year is 5 per cent in addition to which a sum of will be earned carried to the surplus fund time and space will not permit our giving a full statement of this interesting report reports but we think the figures we nave have quoted are sufficient lelent to show that the institution under its present marages in a pros berous and nourishing condition the value of the stock in the home departments of the house alone amounts to upwards of a million dollars it has been selected with the utmost care and buying in such immense quantities as the institution institution atit ution Is enabled to handle first hands are invariably reached thoe thome who are not familiar with the condu conducting eting of BO so large a business as that of orz Z C M 1 I would be greatly surprised could they investigate and see how perfect a com corn mercial machine this mammoth institution really is every depart ment from that of purchasing to that which delivers and distributes the goods that have been bought by customers is BO so perfectly arjang ed that each works with the I 1 smoothness of a piece of finely constructed ted machinery and all have their duties strictly defined so that when a rush of business come salong as frequently occurs at conj conference orence und end holiday times there is no confusion or delay dolay tourists and strangers visiting this city are invariably struck by the magnitude of this institution and its mammoth and varied stock our home people do not realize this so fully as visitors it has haa grown up before them from small beginnings and as parents scarcely notice the growth of their children seeing them continuously EO it has been in regard to this institution the people should be proud of 2 C M X I 1 as a home homo production ita its of officer ficen its managers its ita salesmen are an hon hout men meny mens well known in the commux ity and who for business taa tact ability and courtesy are nowhere excelled the peo R arnould be proud of it because it atu worked in ii their interests it bat hat never taken advantage of any scar city of goods to increase the value nor has it ever made a corner comer in any thing to t force its patrons to give an extra price the peo feo peopled pipe should be proud of it because bebau they have made it what it is it is their own patronage which has caused its success it has not de do on the stranger or sought a 8 catch customer trade or attempted spasmodic sables ales by uncertain figures on goods but its well weil selected stock and one price system without re r bating have established its good character and sound reputation the people should be proud of 14 it because it has been the thu great breakwater against extortion it has been a steadier of prices and as now the gauge which regulates and keepe down values everywhere in the territory eo so far as imported mer chandise chandlee chan dlee diee acon ceded the people should be proud of it because it has given the community unsurpassed commercial and financial standing all nil a 11 over this great country its promise to pay being considered as glod a ai cash in hand band it has honored all its obligations ons ans and its ita credit is unquestioned question ed and without lindt limit in the best markets mar may ets eta of the world the people should be proud of it because it is an institution in which they hold a personal interest the church of which they are members owning a large amount of its ita capital stock 1 l and it is uius balked by the thu influence and resources of leading and rella xelia able men among the mormon people they should be proud of it because it Is and has had blen the i patron of home industry and home i manufacture while always giving full value to the purchasers of its goodseit goods good sit has aimed by turning its surplus funds into buildings and machinery j and banks to be in every poal possible ble bie direction the friend of the people and to create employment to the extent of its ability its future policy will run bull more in tu direction not speculating wildly in uncertain in their character bat but making judicious selections ana devoting its experiences experience abler and means meant to secure a to ita its culland business concerns as great as achaa has been achieved by lher ther institution the report given today to day with ur the account of its annual sale fale 9 its in III creasing dividend its reserve for possible contingencies and other An financial ancial items of interest ia Is buchi such as to inspire continued confide confidence nob noe in its man management gement and te to warrant the expectation of increased wes mes and increased prosperity the peo peg i 11 pie will no doubt sustain and deal i with their friends and their nega tive or passive as well as their ao so tive nemie nemic swill notice we bellev believe that commercial in addition to social and unity is becoming more decided under uncalled for and unjustifiable opposition we understand tit it is the full intention of the directors and officers to so continue their revision of prices from time to time as to make impossible anything but legitimate competition they will nug not be un derrold anywhere in this territory nor by any other firm under theli any an j circum sta ces whatever and they intend that this shall be so fully tully understood by their patrons and friends that there will wili be less and less desire to listen to or attempt the professions so glibly and I 1 c bously made by competing or hosi hos tile establishments we heartily and cordially co commend trend this great home institution to the patronage pat anage and support of the t public bublic in general and in fart part particular of all true latten latter day saints |