Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-01-19
THE UNION STOCK YARDS.
Tlrst Annual NtstinS and Election Of
OlCerS HELD,
rgg ENTERPRISE ESTABLISHED.
Railroad Connections Made and a
Speed Construction Of the
Yards Promised.
THE ENTERPRISE ESTABLISHED.

The first annual meeting OF the
ttr,on Stock Yards Company OF thp
city wa, held yesterday afternoon.
Tn, Omaha stockholders were rep'
resented by Mfr. g. NJ. Nattlnger' inc
allowing officers were elected Tor 'he
.r,uIag wear: II. &. Chamber, presl.
denc sam Mcintyre, vIco-presldent;
A Il. peRlcqles, secretary aud genef'
al manager; J. NJ. Strontt, treasurer;
u. g. Dodge; Robert Morris, r. Il.
Williams. The following report for
the past year was read;
rhia il the hrst annual report Of tho
t'ninn stock Yards company, ana tue
- Thai can be said Tor tho company '
,b,ttt h4s been put ON u substantial basis
Im,lrsa string6ncy Of the money mar
IT stldom found in the west
the intention OF tho company 70
run the enterprise as STOCK yArls nus-
- the proposed revenue ana prohN "
- fr1,n the handling and feeding Of
no, sfo.k Of an kinds-tO lend such
tt.sH can In the development oi the
stoek Interests In the territory tfibulnry
An mis- clty--to give y market for Tho vast
cron4 VI hay produced, TO aid tho stock.
men Id Obtaining heitor raio' On corn aud
live hogs from the east TO got better
,,frs ON livestock to tho Missouri kivur;
40 encourage the establishment OF "a homo
market 70 lar o. IL possible, 10 - portion
N No stock raised here can be sold At
homo, 10 foster aud aid the packing
Interests, and to givo such MD to the
home people 49, Is In the power oi tho
aoci, yards company, 20 enable them 70
enlarge their plants and have potter Ia
rIlIues for the handling OF their business,
Tho stool. yards company purchased 800
acres OF ground with an idea indopond-
tnco. thai IL. 10 have sufficient room for
lis own business, ground To donate or
seil 10 such interests ur u kindred nature
asmnv dnsire o. como In the nclghhur-
hood 0f the yards and ground TO lease or
seu 10 people whose interests compel
,h,m TO i've ncat their business.
Tho stock yards company WAS rather
i1tuuhte Ia being able 90 OBTAIN AVE-
seat loan at per cont. Interest from the
Kansas CITY Stock yards cninn.ry
through the kindly interests Of ihaif gen
rfai manager, Col. g. u. Morse. lhls
loan enabled the company 10 take up he
notes ami judgement. against II ana as
ssri itself ~ being fee from
embArraSs menis. undur tue arrange
mru's or tho loan, twenty-five
foo of al cncumhwnces, tho balance,
covered by tue mortgage Is subject to a
release clause, which permits tho sock
Yards company 90 soil such ~ tho ground
rs It may see flt Al price approved by
the trustee Of thc mortgage, tho proceeis
OBJ. any such sale 10 go into g. sinking nind
70 liuuldlip the Indebtedness and ill.,
tero-i ~ tho same may become due. The
director expect that ~ soon as the inn
proNomenis are completed st the site OF
Tho proposed ward. that there Will he a
demand from outside Interests for small
block. ~ ground a. u fair price, 10 an a.
tent sufficient TO meet ali interest pay
mouis On the bonds a. they may
horomc due and create sinking fund
sufficient 60 take mp the bonds ~ naturi-
ty, and this n be accomplished without
di-pusing Of more than one-quarter NJ the
ground now owned. While the revenue
derived from tho yards must always be
a paramount feature NJ THIS enterprise,
the benefit to the stockholders rom in
creising valuations Of laud canno. DO
overlooked.
salt Lake city !, well situated for the
establishing NJ HiockyArds business,
hoing the natural cOnire 81 u consuming
re well asa producing community. Tho
numerous mining camps and prosp porous
cities within reach ~ salt Lake. such ~
ilclCuu, Butte, pocatnllu, ogden, Park
Iiiy, Eureka Provo. bingham aud other
points, olcr iuo openings Tor tho hand
lcrs NJ dressed meats, aud with the right
Kind oi effort and enterprise, the local
people hero should bo handling large
portion If the dressed meats used at The
points Indicated. Then there lisa future
market IN Pacific coast paints and tho
Puget Sound country, mud Gust OF ~ there
j. demand Tor Utah mutton, which
could I've shipped nom horr dressed and
Icady for use.
other cities Of the west look upon their
stock yards Interests ~ one Of tho great
osis sources Of revenue and profit To their
community, and am surprised To note
what seems IN be lack Of Interest aud
aud ENCOURAGEMENT Ia some " our peo-
PIE towards this enterprise, which means
30 much 10 every one Interested IN Utah.
The discovery OF natural gas In largo
quantities not n great distance from tile
Stock yards site isN mater Of great i'm
Importance. tas has bcon known to tx.
lst ~ the immediate ncighburhOOd Of the
Yards for years, and there u no question
nmy mind that II the supply north Of
the Nards romans permanent, that The
h"csyards company will bo able 10 offer
manufacturers and packers desiring to
locate here, free fnol from gas wells sunk
on the land of this cnmpany.
have embodied herewith the
REPORT o. TIE SECRETARY AND rREAs.
uRER
of tho company, which II as followsi
RECEIPTS.
cash received from sale u si1cs....... sygbsi On
taah received nom sale OF bOuuz...... O01 %