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Show r'THE OLD RE LIABLE COOP." Company Held Annual Meeting on the Stit Inst. 10 Per Cent Dividend Declared Snpi. C. J. Arthur Read Article About Beginning of Concern Lust Monday evening tho stockholders stock-holders of tho "Old Rolinblo Co op. Stoio" met iu annual mooting nnd alter al-ter going over tho buBluons or tho In. stitutiou for tho past your, nttouded to the olootlng of new ollloora nnd declared de-clared a dividend of 10 per cout. CIiIb, coming nt a tltm whon many thought that tho old institution whb in atralghtouod olrouiuBinucos, Is good uowb, nnd ipeaks well for tho efforts of tho Supcrintondont, 0. J. Arthur. Ho has boon Indofatigalbo in his work iu conducting tho affairs of tho institution insti-tution and much orodlt is duo him. During tho mooting tbo puperln-tendeut puperln-tendeut took occasion to rotor to tho 11 rot beginulug of tho storo and bust ness connected with r, und it was highly interesting to tho stockholders presout. We reproduoo below vor bn-tim bn-tim wilnt Mr. Arthur gnvo to tho Btuckhoidro3 aud n9 it gives fully tho struggleo und cudonvors of tho pooplo to begin business whon tho country was Bpuraolv Bettlod. it will bo of, interest in-terest to tho youogor clement of tho aity, and nUo bring LackinomorloBof n ploasaut nnturo to tho older pooplo: Iu December 18(58, to follow In- BtruotlouB aud advico of Proaidont Briahutn Young to oatnbllsh u Go-on- otatlvo Storo In Gddar Gltf, Utnh, tii9 brethren wero culled together ny Up. Henry Lunt to tulk'tho matter "IV AH Bee mod tn fnvur tho ptqjo'ot, but! tboTSwaittBt ?t&!mnml-ta(it3 In tho wny to assist financially. Uowovor, n move was mado nnd on tho 5th day of Docombor 1808, nsub Borlptlcn was Btnrtod whon tho fol lowing persons responded and sub scribed as follows: Henry Lunt, 825, 0. .1 Arthur 25, Richard Alldridgo 950, James Bullooh 8175, Robert Uullooh 825, Wm. Middlutou 825, Ssm'l. Lolgh 825, Snm'l. Burnhutst 8?, Qeorue Perry 825, Frauds Wwhstor 8f5, John Sherratt 8105, David Wllllnnu 812. 00, Uoo. Hunter 825, Cleo. Wood 850. John Hamilton, Jr., $50.15, Jons Nielsen 825, Alowle Honor 825, David nullooh 8225, John M. IirK-boo IirK-boo 8200, Oka Woatorhnld 825, Wm. D Lolgh 50, Timothy Adams 825, Wm. Lupworth 87,5, Rlolmrd Pulmer 828 GO, John Urio 825, Lorenzo Lor-enzo Jttusen 825, Joseph Hunter 8025, Peter Mackolpruug 825, Peter M. Fife 8125, Lb ban Morrell 8125, Jamos Whittukor 8100, Bsugt Nelson 837.50, R. R. DurbeoU 825, Wm. xMoConuoll 830, Wm. Wulker 825 John S. Walker 825, Uoorgo Coiry 825, LowiB Root 825, John Chatter-ley Chatter-ley 875, TIiob. Gowor 825, Wm. Uu-tbank Uu-tbank 818.13, Aunlo Ohrlstofereen 810, Raohaol Gorry 25, John V. Adams Ad-ams 825, Prlscllla Smith 825, Onus. Heyboruo 825, Mary Hamilton 828 23, Oath Mlddletou 825, Ann Wood 850, Ouroliuo H. Arthur 825, ChriB tnpher II. Atthur 825, Joshua 11. Arthur Ar-thur 825, Relief Society, 850 John Mlddletou 850, Mary Bladen $10, Margaret Lloyd 825, Morton Ohuttor-ley Ohuttor-ley 812 50, Audrow Jeuseu 825, Henry Hen-ry Elliker 828 Jobn Morrel 825, Catherine Middloton 825 John Parry 850, Lovlnu 11. Allen 825, Auubolla Huight 825, Ellen Hunter 825, Mnr-guret Mnr-guret Evans 825, Henry MoConuoll 825, Ellzu MoOonneli 825, ' Honry Lolgh 325. Mnigurnt Jeneon 825, Eliza Ann Huight 822, lsaeblla rttiur-ratt rttiur-ratt 825, John Lolgh 821, Horatio Morrell 850, J01. S. Hunter 875 Dav-Id Dav-Id Willimas 8100. Ill tho year 1875 wo bought H of a lot at David Williams nnd In 1870 started tho building of tho briuk storo on Main street. Our moans was meagre, in fact wo wero iudobtod to Z 0. M. L, tho parent storo, Salt Lako City. By strict und watchful economy aud paying part of the wages aud material, building und labor in capital stock, using tho kind mauoge-rooutf'tbo mauoge-rooutf'tbo Superlnondnnoy Z. 0. 1. 1., drawing for supplies to help us through, wo managed to perfeot tbo building nud on its completion held u buuquot in tho unpor story, whero ell tho sharoholdors partook of a spread, nnd afterwards a ball iu tho old Soolnl Hnll. Thla labor not stay, lug our hands, wo bought n ploco of land, port of Abol Lamb, nnd park of Georgo Hunter, ond built tho Tnn-nory. Tnn-nory. I omitted to soy tho store building cost us a littlo ovor 85000, ami (ho tannery ovor 83000. Wo wero still drawltg on our friend Z. 0 M. I. for supplies About this timo, 1871), two flour iuIHr wero ruu. nlng tn Cedar canyon. Ono owned bv Lou la R Gbutlln, tho other by Homor Duuonn. Wo suggested to them to oombiuo tho two mills but was not Euooessful. Then wo otfored to buy tho two mills nud nlvo them tholr vnluo in capital stock. In thla wo foiled. Tho board of tho Co-op. called a mass mooting to docldo if tho company almuld build n mllj. Aftor in u 0I1 controversy It wob deoided deoid-ed to start tho project. Two pairs cf four foot burs wero. ordorod nnd nil uoooBsory machinery, wntor wheel, etc. Tho mill wob completed, otat-lug otat-lug h Httlo ovor 811,000. All of theho projoota sent us grcntly iu dett to Z 0. M. I , although pint of tho liibor nnd nomo homo material was paid for in capital Btook. The question muy bo oskod, why did the company build a mlllwhlln thoro wero two already? I anoer, neither guvo satisfaction. Both woro Hinull millB nnd not Iu good anndl tiou. Tho company thought by com. blnlug tho two thoy oonld Imnrovo oonditlou. Wo ulso mado tho mis-tnko mis-tnko In putting In two pair of tmrrn which required heavy mnohluory and required more power thnn tho water supplied, consequently wo hnd to lay nsldo ono pnlr of burrs, If wo had put iu ono pair nt first, aud mnohluory mnohlu-ory corrospoudlug, vo would have Btruok It right. However, tho mill did good work nnd helped us out or ilsdltfcjytlii ; ill' in' miii'u. i)JjfmrruS,TS7fjTiuSiSi Ki Tho Inadtntlou prospered nnd our creditors woro moroiful, although tho new Buporlntoudonoy of Z 0. M. I. required our notoa with heavy Interest. Inter-est. In timo thoy woro nil uauoolltd 1 will not go Into dotalls but simply sim-ply add that tho Old Ship bus dnno woll by tho pooplo, and wo! I by tho sharoholders. Wo are in good ehupo nud fcol that our kind Houvculy I'Vhor bus boon mindful of our atrug glo nud inspired uu iu our moves from timo to timo. 0 J. ARTHUR, Seo'y,. TronB , Supt. |