Show pw Z 0 M I 1 the institution in 11 a thriving condition as shown bythe by alio reports tho the adjourned meeting of the stockholders of Z 0 al I 1 was held field at 4 p m friday according to announcement no a full representation being present the votes cast aggregating the presidents report was read it gave general details of the business of the institution indicating a satisfactory condition from it we learn among other facts that the merchandise on hand in the parent and branch houses amounts to cash on hand during the half balf year there was purchased from froni eastern and western markets worth of merchandise u upon 0 n which they paid to railroad and express companies freight to the amount aunt of the real estate including grounds buildings building saud and appurtenances in salt lake city cly ogden logan and soda springs is is set down in the report at the value of the superintendents ten dents report shows that the goods ou on liand hand have been taken at their current value liard or blow slow sale stock has been eliminated and slow and doubtful accounts accounts and notes have been set aside and do not cut any figure in the exhibit of the standing of the institution these facts show that a conservative and safe policy is being pursued by the management a course which inspires confidence in the stockholders 8 tock holders and the community generally the profitable character of the business dur during i the half year is indicated by t the n 11 de declaration C la of a dividend of five per cent as stated yesterday in addition to this between and is carried to the re 2 serve erve fund which will swell it toa little over article 9 of the articles of association which limited the amount that could be credited during any half year to reserve fund to five per cent of net gain was amended the amendment authorizes the board to set aside a sum equal to per cent of the net gains as a reserve each half year if f they deem it for the best interest of the institution so to do after the reading of the report an election of officers and directors was held re resulting suing as follows president john T taylor 1 r vice pres ident ment william betin jennings yi secretary and treasurer thos G webber directors geo Q cannon joseph F smith moses thatcher H HS S eldredge ldredge E john sharp D 0 cal der S W V sears at the close of the proceedings a unal unanimous limous and hearty vote of thanks was tendered to the officers offic cra and directors for the able faithful and energetic manner in which they had bad supervised the interests of the institution by the efficient discharge of their duties deseret newe |