The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1893-01-13
BOARD OF TRADE.
The Old Board Finishes Up Its Bust
ness and the New Board
Organizes.

The final meeting of the old Board
of Trade was Notwithstanding An
other communication was received
from the Duluth Chamber of Com
merce explaining what is proposed to
be done in regard to canal from the
great lakes to the seaboard. 1t was
satisfactory to the Board, and ]. t.
Williams was appointed to represent
Mankato at the convention, which
will be held at Washington Jan. 18th.
A communication was received from
the National Lathe and Tool Co., of
Philadelphia, proposing to sell, its
machines for factory to turn wood
into all shapes, this to be the only
factory in the state. The Mankato
company to issue 100000 of stock, one
half to be taken by the Philadelphia
company, which will receive its share
of the dividends. The local company
will buy five lathes at $25, 900 and will
receive free of cost 1926, 900 of stock in
the parent concern. A one-story
building, 80 by 100 feet, will be erect
ed at cost of S., 900, which sum the
Philadelphia concern will donate, to
be used in the purchase of engines,
boilers, etc. Thus the home company
would, by an investment of $25, 900,
have factory fitted out, $4,000 in
cash on hand, and S25, 900 of stock in
the parent concert. The Board look
ed upon the offer as concealing
scheme, and laid it on the table.
The annual report of the secretary
was received, showing the receipts
and expenditures to be S2O8. The
treasurer's report showed the receipts
to be S124.52, after deducting the sec.
retary's fees, and S87 81 on hand. The
membership during the past year was
a. These reports were accepted, as
was also the secretary's business re-
port, which has already appeared in
full in these columns. The secretary
was instructed to obtain figures on the
publication of the latter report in
pampnleU form.
The appearance of the public build
ing as shown by the cut recently pub
lished in the FREE PRESS was dis
cussed, and several members thought
that the design is not as handsome as
it should have been. Others thought
that it might make better looking
building than the design would indi-
cate. G. III. Higgs moved that the SUI
pervising architect be requested to
change the plans so as to have clock
tower on the building, and that the
congressman from this district be
asked to use his influence to accom-
plish this change. This was carried,
and the matter was left in charge of a
committee composed of ]. c. Noe, G.
H.. Higgs and w. M. Farr.
The election committee reported
the election of the following directors
at the annual meeting last Thursday:
Geo. e. Brett, J. N. Hall, John
Klein, j. G. Noe, J. A. Willard, W. M
Farr, M. G.. Willard, DR.. P. Follman,
III. P. Jensen, He. Higgs, G. A. Chap
man, H. P Christensen, I. Longini,
E. M. Pope, Geo. T. Barr, D. w. Sell
) leck, .. o. Pitcher, James Shoemaker.
9. A. Everhart, Leo Lamm.
A vote of thanks was extended tC
the president and secretary for their
) services during the year.
The old Board then adjourned sine
die.
} The new Board was temporarily or
) gained by the election of James Shoe.
) maker chairman and g. A. Chapman
: secretary.
! J. A. Willard stated that be would
3 rather that the Board would not agair
} elect him president as he had to be
y away so much and he would prefer
that the honor be passed around. The
. Board would not consent to this, how
: ever, and reelected the following of
: flcers:
, j. A. Willard, Pres.
:. James Shoemaker, lst vice-Pres.
w. M. FAIR End
J. n. Hall, Treas.
: G. A. Chapman, Sec'y.
AS there were five vacancies createt
= by the election of officers, the follow
;, ing special committee on member
= ship was appointed: J. N. Hall, H C
Higgs, W. M. Farr.
y The Board then adjourned.
A VATuART u pOCR ET ROOK