The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-12-25

QaGe.
TREAsURERs
David o. Calder-Fall of 1868 to October
1871.
Thomas Williams-October, 1871, to
death, July, 1874.
John Clark-July, 1874, to April, 1875.
A. W. Carlson--October, 1899, to date.
JOINT SECRETARY AND TREAsRER
T. G, Web5er-April, 1875, to October,
1876.
David O. Calder-October, 1876, to Oc-
tober, 1878.
T. G. webber-oc October, 1873, to October,
1889.
SUPERINTENDENT.
H. B. Clawson-March, 1869, to Novem-
Der, 1873. Second term, April, 1875, to
October, 1876.
w. H. Hooper-November, 1873, to April.
1875.
H. S. Neutrality-suspicious. 1875, to Febru-
airy, 1881. Second term, June 2, 1888, to
death, September 6, 1888.
William Jennings-February, 1881, to
May, 1888.
T. G. Webber-October 10, 1888, to date.
EXECUTIVE COMMITTEES.
1878 to 1SS2-W. H. Hooper, William
and D. o. Calder.
1888 to 1SS6-WiIliam Jennings, D. o.
Calder and Moses Thatcher.
1886 to 1SS7-Moses Thatcher, John Sharp
and J. R. Winder.
1887 to 1SSS-John Sharp, G. Romney and
J. R. Winder.
1888 to date-Moses Thatcher, H. j.
Grant and G. Romney.
These executive committees h ave been
from the most astute business men of the
board, selected as advisory counsellors to
the superintendency for those emergencies
of business where promptitude and prox-
unity are required, and when it would be
if not impossible to get the en-
tire board or a majority together.
Acting in this capacity the committee
named have been Indispensable to the
and of great benefit to
the institution.
This historic showing is as worthy of the
institution as of the men themselves. We
could hardly expect anything save stability,
even in the midst of change. Every one is
familiar with the widely diversified charac
ter and characteristics of all these men.
and yet in the presence of a recognized
necessity, and the advantages of unity,
dash and conservatism were so harmoni-
ously and successfully blended, that who
ever presided, ruled, or accepted response
bility, none could be other than satisfied
with the last result.
As is well known, the original organiza-
ton of 1868 SO, was unanimously merged into
an incorporation with some changes in the
constitution and bylaws, under the
limited liabilities act of the Utah legisla-
ture of 1870, but its essential character ever
remained intact. The soul of honor was
its inspiration; to do good was its motto
and intent; in its integrity to this concep-
ton all its notes, obligations and contracts
accommodation to great number of CO.
operative stores, tiding them over circum-
stances born of ignorance and inexperi-
ence, and judiciously extending persona
credit whenever justified, the quicksands
of business rashness and speculation have
been carefully avoided. If the conserva.
tive character of its superintendent has
at times provoked interested and undesir.
able comment, in the consciousness that to
them was confided a sacred trust, they
have had ample justification; where prob.
ably personal business and risk might have
made some patronage, but in and for z. c.
M 1. it would have been at the cost Of
more anxiety, if not reproach.
Exception has been taken by the oppon-
ents of z. G. NJ J., who have asserted that
it assumed the position of monopoly, an q
that did it not exist there would be more
room for our enterprising youth That
this objection is shallow can be proven by
the fact that many have gone from its ser
vice, and from employment in its auxilia-
ries into successful business for them
selves; and that z. G. NJ. 1. is not aggres-
sive nor competitive, neither does it descend
to the pettifogging of trade, is every
where acknowledged; its dignity, it's self
consciousness of right its determination tc
maintain a good report, gives the lie tC
every enemy, and perusal of the subjoineC
number of employees, and consequent wage
disbursement, should settle for ever the in
terested theories of monopoly, and those
of captious Misrepresentation. This will b.
best realized when it is stated tina
the number of employees is 40, and tt,
wages paid per annum amounts to 1886, 600
That the number of stockholders NOV
but 52S) is not more, is in nowise the faul
of cooperation or its administrators
These were nearly double that number il
the beginning, and they might have beer
vastly more, but the organization of local
stores in and out of the territory, absorbed
probably as much of their surplus as in
vestors desired.
These remarks arein no sense apologetic
they neither imply dissatisfaction nor dis
trust, nor are they intended for the con,
version of an opponent. Friends at home
and abroad will be glad to realize that the
institution still possesses over a million
dollars of paid-up capital; that its divi-
dends remain at 10 per cent. per anAum
that its reserve is continually augmenting
that its real estate is becoming more valu-
able; and that even if its sales are moi