Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-10-04
RulNrORiOR ltigN

The incident mentioned ty tho
News that u. q. NJ. IhId been rciu.
cofporsied for a peflid Of MY yeats
seems 10 demand more than the brief
announcement. Mauy are not familiar
with the whya aud waerofores Of this
organization; but I, arose during a
period Of extremity, under tho special
direction Of Pfosldeat Young and his
i'm mediate associates, II was intended
as a measure Of nnanolal sal sation, and
primarily engaged In the importation
OF general msrchandlso under the
bene ncon, IN hods NJ CO. operation. |
Ito existence has Just los ally ,erml.
mated, arising from the fact that latter
enc and q half years Of oxpefimeut) II
was nnt incorporated for \ term Of
twenty-five years under then new
law. Bora Of law. ~ VOL rs OF neces-
s!iy and intplration, It, legal existence
was determined ON by its charter.
The history and course o. the in,il-
tuition need but llttls comment at this
date. Every one who 10 aeIusintsd
with Il knows that u has bravsly anu
honotably filled It's mission by being
firat and last a blessing 10 the people,
its capital and reliability have given II
pte-emiueacr In the trado aud com.
msrcv Of Utah. Its reputation outside
stand, H. the front rank, aud the home
cB.lniAte has never been higher than II
Is nov. Only those very familiar can
propstly appreciate the value which IL
has boon TO tho oormunity, Tor IN the
days when II really held somewhat Of
n monopoly, II was never know to take
advantage Of that position, aud 10 the
times Of Intense rivalry aud mpeli.
lion, 1t has quietly pursued It's unos-
tentatlous way. Its supplies Of mer.
ohandise have bsen marked by qualliy.
aud ih prices have mover exceeded
moderation.
The spirit which Actuated Prssl.
Young has bssn continued 10 his sue
cossots, and In all lie ofiicers; and this
wss, TO give 10 tho people OF Utah
tho bost goods with the lowest possible
price," and when exchange was more
general than II now IL, the producer
was always sure OF all that tho market
would Justify, and \ vast amount OF
this business has been dono nj some
loss, from natural sympathy with the
labor element OF this Territory. In
dealing with the cooperative stores OF
extended Utah " bioh grew out Of the
original intention, Y. q. NJ. !. has
always been friendly ami fofbesting,
nay lenieni, aud educational where
mutual confidence was In operation.
A nd tho fact that its sales are steady
Ia the best evidences Of its honor. anu
the unmisiakabie testimony OF fair
dealing; for while its cash receipts are
exceedingly large, as 4 consequence Of
lower prices II requires vastly more
goods TO bfing ia its millions OF annual
income than 1t did la the beginning.
The entire stock OF goods, real
estate, accounts aud liabilities have
been transferred TO the relnoorporAled
company. Most OF the active officers
retain thsir positions; thore ars sems
changes or additions TO tins directorate,
but tue business will continus without |
jar or iriolion. Tho books and records
Of the ds'unot corporation will be
closed, and when the new ones are
opened, IL will doubtless be the inaug.
ufation o. future In svery way as
tucoessful ~ tue past. Besides, M
matter Of course. tho early days |
OF invxpsrloace have been outgtown,
tho whole business In dot II "a now |
we'll understood aud under perfect
control. All these advantages will |
be shared ny ils patron. as hitherto.
Good aud ablo men will guard
its interests with added vigilance
and In the new state, Y. e. Nj. 1. will |
DO just As promlnent In Tia trade aud !
traffic, ne II has boon under the regime |
Of Territorial conditions.
Institutions tell this genius and char
aotcr OF n community. They make it,
prestige abroad, they ara ils tests OF |
enterprise, integrity. intelligence, anu |
progress; ami trade interest will |
direct attention toward community
when to tho religious aspect there |
might be !nlltiereneo or opposition.
SO that n. &. ~. /. was q missionary |
where NJ Elder could penstrate, anu
familiarity with It's representative
moderated impressions held concern
ing other features which had suffered
by misrepresentation. Under the came
name and siSu, u. q. Nj. |. will bs per-
pcluated, and new meaning yill he
gwen to II, lot permAnoncs Ind ala.
bility are Indicated by It's reiseorper.
alton for atty yoars to come.