New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-06
RECORD OF THE YEAR

The business Of the past year has been beset Va u
| difficulties.
1t commenced with financial embarrassn1, III
legislation poor quality Of seed. and inferior prtucs
clning markets. and at the outset with the hsaa
| official methods incident TO changes In managemen,
Many important changes have taken place Ia s.,.,I
| tration and methods.
Offices have been abolished. ranks closed up al J
| motions made.
Expenses have been reduced and all the oealu.,
have been brought into harmonious and helpful rsl,r
For economy and directness in management II. an,
companies Of any one state have, where prssuaa
| been consolidated into single State company.
1t has been demonstrated that the Legitimate ,erp
Indebtedness incurred once season In the purh,x
raw material be liquidated by the sale Of the pe.
| before the end Of the
The fscIt year Of the allied Companies eloNd xx
dollar Of liability loans or bills payable accogaaag
| one outside OF the organization
There were 81, 452, o06 Oh Of edsh IN bank
The quick assets hand. Including said casA anssa
| to SIS. '2S. 33s46.
The entire real and personal property Is absclsk, "
from mortgage lien or pledge Of any kind
The system has been established Of bonding ~ y
sponsble Guarantee corporations all officials ntrusd "a
cash receipts and disbursements. One hundred ri
teen of such officials bonded to the sEsa
amount Of 81 0660O
Consignment accounts have been closed and ,ae M
inaug urated.
The foreign relations have received personal stnzn
Europe where old alliances have been modified scs&
ened and new ones formed
The financial and mercantile accounts Of tbs Company
sought by bankers and merchants at hone and abroad
The commercial and financial standing Of ns Company
is now ranked among the highest.
In all the changes made in the perennial Of The ors,
ration 1t has been the aim OF the management II
cover and reward ability and faithfulness among h u
In 70 fntr ~
fact that only two men out Of total Of five hl'z
and seventy-two officials have been brought into the o
zation notwithstanding the many vacancies and por0a
that have been made, Is strong testimony also 10 hw
the character and ability OF the gentlemen composing
present official staff OF the organization.
The satisfactory results OF the years business Is,
many unfavorable conditions, is largely owing q
loyalty zeal. and Esprit de corps OF the officials "a
the thanks Of the stockholders are due.
The volume OF the annual business OF the orgsrzG
indicates its importance Of the largest dstaNs
Of for wages and supplies in sixteen different $40
from Rhode Island and Illinois down the Atanu' -
board and the Valley OF the Mississippi TO the Nns
Gulf.
1t gave employment during the past active seas
about 5000 men.
1t discussed during the past year IN this county ~
SIS 600 600 cash for raw materials wages transports
advertising. and general expenses and received d.
cash $50 900 600 for It's products sold az hoo
abroad.
The transportation OF the materials and products
organization ranks next IN importance in the soaz
that Of cotton.
Its exports exert an important influence in turning
balance Of trade toward this country It's induN
National
Its encouragement by local and Federal protection o
State prosperity and National wealth
It's products healt.tul, aud have been 80 pron'
by the highest professional authorities in The '~-
These products are Icing marketed IN this county :.
their titles without disguise, and have reees'e
marx Of popularity which the Amercan people a"s' =
u pure and nutritious articles Of food that are sea -
honest labels.
The record OF this business during the pas ~ !
that u constant and anxious cars. ~.
The management has strven TO prepare fos future ".
ness upon fair margin Of profit but with inereaed VIZ"
smaller risks, less expense. and greater faeaieee
The business Is well IN hand, and me wv
outlook for the current year is promising.
EDWARD ID. ADAhs
CHAIRMAN OF THE BOARD Us DlAE0lV",