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Show . LOCAL COMPANIES t ' DISTRIBUTE CASH 1 1 Kank of Southern Utah and Iron trafi County Telephone Company :KLw Pay Usual Dividends. K BOTH COMPANIES ELECT I PREVIOUS DIRECTORS. Bank Pays 12 Per Cent and Adds $3,000 to Surplus Telephone Pays mt 10 and Takes Care of Depreda- I tion. 1,1.- Last Monday the annual stockhold- II ers meetings of the Bank of South- X' em Utah and tho Iron County Tele- 'J" phono company were held In the Auli- itorium of the Library building, thr &V- Telephone company meeting at 2 o'- phono company were held in the Audi holders of the bank at 7:30, p. m. The telephone company, after making mak-ing due allowance for depreciation, announced a cash dividend of 10 per cent, which is regarded by Manager r Woodbury and tho board of directors IL as just, fair and equitable between 4 customers and stockholders. The r previous board of directors, consistinp of H. W. Lunt, T. J. Jones, Wilforc' I Day, J. L. Louder, J. S. Woodbury, J H. Corry and C. S. Wilkinson were I nominated and re-elected for the on h suing twelve months, t Bank Pays Twelve Per Cent. I The bank stockholders listened to fc. the report of the directors, which an- nounced the regular dividend of 12 -. L per cent, placed $3,000 in the surplus ?T f"d, bringing it up to $60,000, with Mijrik a capital of $76,000, and left a mod- MM: y&'v ' " crate sum in tho "undivided profits" ' " raTho bank 'directors, too re-elected 1 the previous board of directors to of- jf flee, which consists of U. T. Jones, T. A. Thorley, David Bulloch, John L. k Sevy, M. D. Higbee, N. T. Porter and I . H. W. Eaplin. t The distribution of this cash among t- the stockholders, following tho holi- f . days will do much towards relieving r the usual depression felt at this time U of tho year. |