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Show NEW PRESIDENT OF THE FARMERSMRCHANTS BANKJJI1IS CITY J. A. HENDRICKSON H , H At tho stockholders mooting or the Farmers &. Merchants Savings Bank of Logan hold last Tuesday, J. A. llcmlrlcksou wns made Its president by unanimous voto. Thla bank w.ts organized by him nnd opened Us i doors about April 1, 1913, with n capital stock of $00,000.00, and a surplus of $0,000.00. He was offered of-fered tho presidency at that tlmo but declined tho honor. The bank has hud a steady growth and now Its totals reach ovor $350,000.00 and Its loans over a quarter of n million, mil-lion, nnd Is looked upon as one of tho Folld, substantial, growing institutions insti-tutions of tho valloy. Mr. Hendrlck-son, Hendrlck-son, as vlco president, has virtually stood at tho head of tho bank during dur-ing tho past years and ho Is undoubtedly undoubt-edly tho proper man to bo named as lis presldont. Inquiries rolatlvo to Mr. Hend-rlckson's Hend-rlckson's activities In Logan and In tho stato havo given ub come Items which wo bollevo worth mentioning at this tlmo. Twenty-seven years ngo ho conceived tho Idea of a knitting knit-ting factory for this town, It being tho first of tho kind In tho stato. Ho choso to call It tho Cacho Knitting Works. It was succo3sful and about thieo or four years later, ho established estab-lished tho Ogdon' Knitting Works nnd two years later tho Salt Lako Knitting Works. Thoso factories havo all mado wondorful growth and other factories in tills city nnd other oth-er parts of tho Btato havo boon established es-tablished in consequence of their success. In tho year 1915 thero camo into Utah from outsldo sourcos for goods shippod out by thoso factories, factor-ies, $050,000.00. This year It Is estimated es-timated botweon $900,000.00 nnd $1,000,000.00 was brought Into tho stato, and hundreds of peoplo aro glvon employment as workers and travqllng salesmon. In 1D13, as mentioned above, ho established tho Farmers & Merchants Merch-ants Savings Bank, and six months lator, ho with associates, took ovor tho Wollsvlllo City Bank, which had provlouslv not boon a paying Institution. Insti-tution. T'"J ripl'al was onlargod, tho na'io changed to tho Wollsvlllo Btato Bank, many ot tho Wollsvlllo pooplo becoming stockholders, nnd that Institution Is now on a dividend divi-dend basis nnd is highly appreciated appreciat-ed In tho town ot Wollsvlllo. Mr. 'Hondrlckson Is Ha presldont. Two yoars aco Mr. Hondrlckson conceived tho Idea of tho establish- ll meut of a cereal factory that would 1 bo stato-wldo In Its luflucnco nnd Im- 1 H pormnce. After two years of hard kt -H work, tho Institution was completed, ff?'.l lining located at Ogdi n on tho tracts I H or tho Oregon Short Lino. $300,- Wl 000.00 Is Invested in tho Institution. rl It has been running six months. It -' H is questionable whether any now In- fl stltutlon of nny consoquenco was BI over established In (ho stato that 'H had such phenomenal success. Dur- ill lng the month of December It sold '1 on an average of two cars of Its H products every day, being shipped to ' M this and surrounding states. Tho '1 "Sun-lllpo" coreals aro Uiiown In ov- ' ery homo nnd nro giving universal !!jl satisfaction. When tho organization , Hl of tho corcnl company was made, L. '" JH Mr. Hcndrlcksoii was anked to talto M tho position of presldont, but rcfus- r'lVrl cd tho honor, hut accepted tho vlco '3l presidency and genoiul maungomont V and tho position of general, mnnager 'H was held until the completion of tho ,LH This past summer ho undertook H tho establishment of an ' Indupond- H out sugnr factory on tho west Bldo H of Cacho Valloy. Tho company has B been organized and Is backed by , B somo of tho strongest mon In tho HBVI stato. Tho capital for tho complo- HHVJ tlon ot tho factory Is assured and hBVJ tho boaril is composed of somo of HBVJ tho state's strongest men and they saw fit to chooso J. A. Hondrlckson H ns Its presldont. H |