Bingham Bulletin | 1918-02-22 | Page 1 | Employee will Operate Store of their Own

EMPLOYEES WILL OPERATE STORE GF THEIR 01 The employees of the Utah Copper, the Arex and the Highland Boy mines i have decided to open a store of their Jown in Bingham, according to state-j state-j ments made to this paper a few days ago. The proposed concern is to have a capital stock of $50,000, subscribed by the employees. It is to be divided into shares of a par value of $25 and no one will be allowed more than four shares. The store will be located in Bingham. Bing-ham. The proposition of extending credit will be arranged so that the stockholders may be allowed to purchase pur-chase three-fourths of the value of I their stock by pledging the same as ! security. The promoters of the com-I com-I pany will hold a meeting this week to perfect the plans of organization. I Just when the proposed store is to be opened is not given, but those who 'are interested in it say that the work will be rapidly pressed. The store , will handle groceries and all household ; necessities. The name of . the com-i com-i pany baa not been decided on. ' i