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Show : HOD'S CO-OPERATIVE MERCANTILE INSTITUTION . . ; . Z. C. M. I., the initials of the largest end most Important commercial establishment estab-lishment in the Rocky Mountain region, are well known in business and financial finan-cial circles throughout America and Europe. Organized Oct. 16, 1S5S, business commenced com-menced in March of the following year, notions, shoes, men's clothing, groceries, crockery, glassware, carpets, wall paper, pa-per, house furnishing goods, brlc-a-brac, toys, hardware, harness and saddlery sad-dlery are all carried in their respective departments. The store originally occupied 50x315 feet. A store of similar size was soon added, and later a store sixty-foot front was built to the north. The institution i nm w.wiin ii nm jihi in m if imiiiiB i i in li in m nrrwirfflHi melts at a temperature of 165 degrees Fahrenheit, and throws water at the rate of 125 gallons a minute, completely saturating- every inch of space within a radius of from nine to twelve feet per sprinkler head. There are 3,700 of these sprinkler heads, placed eight feet apart, over 300.000 feet of pipe being necessary to install the system. In 1905 a warehouse 120x200 feet, hav- Peterson quarries at Ephraim, Sanpete county. Over 500 employes are on Z. C. M. I.'s pay roll, the salaries totalling ?30,000 a month. In connection with the store a shoe factory was established In 1S70, and in 1S78 a clothing factory. The factory building, located in the rear of the store, is 50x165 feet in size, and con- 1 - . yyjitdi ' r 'itdv y&W ' -fNV-f"-5 'h-X r:-f f2?4;l L '4,v: &ty wyFt" Htr? sil - j 2z ' - x . y the first year's sales amounting to 51.-230.700. 51.-230.700. Since that time the total sales have reached the enormous sum of $130,000,000, averaging more than $3,000.-000 $3,000.-000 per annum for over forty years. In 1908 the sales were almost $6,000,000. Since the period of organization the cash dividends have aggregated $3,369,-59S.15. $3,369,-59S.15. an average of more than 9 per cent for the entire period, although for several years past a dividend of 12 per cent has been paid. The stock is held by about 600 stockholders, who reside in all parts of the world. Cloaks and suits, dry goods, millinery, now covers a floor space of 200,000 square feet. Retail departments occupy the ground floor, the basement and two upper floors being used for wholesale and offices. The building is heated throughout by exhaust steam and lighted by electricity from its own plant, the steam boilers being located in a separate building in the rear of the premises, and the engines en-gines and electrical machinery in the basement of the factory building. Recently a sprinkling system the first in Utah was installed at a cost of S26.C00. to safeguard the building against fire. The essential feature is a valve made of fusible metal, which ing three floors, was erected on Fourth West street, convenient to both railway depots, just south of Second South, at at expense of $40,000. A further extension of the main store is at present under construction, facing north on South Temple street. The addition ad-dition will be 65x165 feet, having four stories and a full basement. The whole building will be built of a steel frame encased m brick. The ground floor will be laid with maple flooring, and the upper floor will be finished in concrete. The addition will have an imposing appearance, ap-pearance, the front being faced in marble mar-ble to the top of the first ' story, the upper part being white stone from the tains four floors and a basement. The capacity is 500 pairs of shoes and 100 dozen denim garments daily. The institution has branches at Provo, Utah, and Idaho Falls, Idaho. The officers and directors are: Joseph F. Smith, president. George Romny, vice president. Thomas G. Webber, secretary. A. W. Carlson, treasurer. Directors Heber J. Grant. John R. Winder, John R. Barnes, John Henry Smith, Francis II. Lyman, Anthon H. Lund, William H. Mclntyre, Reed Smoot, T. G. Webber, L. S. Hills, A. W. Carlson. Thomas G. Webber, general manager. |
