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Show Chipman Merc. Declares Dividend; Elects Directors Directors of the Chipman Mercantile Mercan-tile company announced Monday at the annual stockholders meeting that a dividend of $1.50 per share had been voted at the January 25th meeting when the report of Manager Man-ager William Chipman was read. The report showed the institution in a fine financial condition with $16,000 increase in volumn over 1934. It was felt that in the face of the continued depression conditions that this was a remarkable showing and the directors complimented the manager and his employes for the success attained. The annual stockholders report was submitted to the holders of stock Monday together with a financial fin-ancial report of the company affairs. This report was accepted and the re-election of the board of directors made. Clifford E. Young was voted in as the new director and Leo G. Meredith Mere-dith was made assistant manager, ability fits him admirably for the ability fits him admerably for the new position and his advise and help will be invaluable to the institution. Mr. Meredith has been with the company store twelve years and during this period has demonstrated rare ability as a bookkeeper and displayed dis-played tact in meeting the public and handling problems as they arise. He has proven himself entirely capable cap-able of handling the new position of trust placed in him. Both directors and stockholders are looking forward to 1936 as a bigger big-ger and better business year and all feel that the institution will make larger gains than any twelve month period since 1930. . n |