New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1895-01-30

tWcuIy-CuTee per cent. Inc largest
amount traded out by any one share
holder was $34l and the least SIG.
The old board of directors, Anton
Ouren, Jeps Bakken and Hans Ulen of
Linden and John Thorgremson and Ole
Synsteby of Lake Hanska, were reelected
and by large majority it was decided
that the profits of the year, with the ex-
ception of the first three months, should
be retained in the business, at seven per
cent interest to the stockholders as CAPT
tai. The profits of the first three months
was divided among those holding shares.
Several new shares were sold, and the to-
tai number of stockholders at present is
los. AS the store has given evidence of
being too small for The business transact
ed, it was decided that the directors
should erect such additional buildings as
they might deem proper.
Ellef Asleson has secured the butter
milk for the year and will pay rs cents
barrel for the same.
Ole Jorgenson, Christian Ahlness and
Anton Thorgremson as the representa-
tives of good many shares cast large
vote at the MEETING.
Such has been the history of the or.
ganlzation for the year just past. AS was
reasonable enough, there existed from the
very start doubts as to the possibility of
running country store with profit, but
the initial years work proves that the
farmers are not only able to run their
own business but run it with success land
hereafter they will cling to their store
with additional interest and elf-sacrifce.
The country population has always been
overlooked by the cities, and as the Jews
believed that nothing good could come
from Nazareth-there has been a general
conception in the cities that nothing
could be done in the country-that abil-
ity and enterprise was as scarce on the
prairie as water in the desert. Especial
ly in Madelia were the clear heads liber-
al in prophecies. The store could not
keep going three months! They had no
capital in the country! And many more
such discouraging illusions. 1t never
occurred to the wise merchants of that
great village that the farmers who were
backing that country store, represented
a capital large enough to purchase all
the merchandise establishments of Made.
liza combined. They thought they would
have NO difficulty in destroying that lit
tie country store by com petitions and sc
they tried to do it by cutting the price
on matches, soap and baking ponder Ii
| %r,,fh Of &, +1o
economists in the village! The first ste,
to economical combination is taken!
A farmers store will soon be started
in Butternut Valley, the incorporation
having already taken place. Severa
farmers from that town were here to at
tend the annual meeting of the Lindel
and Lake Hanska shareholders.
| A library has been started in Eve
Johnson's house near the store. Book
can be had every Sunday.
The contract for carrying the mai
from Hanska postofice via Linden t.
Madelia and back the same day, twice
week, for five years, has been awarded t.
P. F. Sizzling of Kentucky at $189.94
year. His term commences in July.
Paul Mo is again working on Capt
Georges farm in Sigel.
Two men from Linden we're arrested
in Madelia last week on warrant issue(
on complaint of Neuman and Russell
charging them with larceny. They hav
given bail, and it is claimed they viii
bring suit for damages against their &C
cusers, as they feel certain of being abl
to prove an alibi.