Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-04-07
SUGAR COMPANY'S
ANNUAL MEETING
The Lehi Cos Fine Showing to Its
Stockholders.
NEW BOARD OF DIRECTORS.
Manager Cutters Report Says the
Assets are Now over n million and
the Reserve Fund 100000,

The annual meeting Of the stockhold-
ers Of the Utah Sugar company was
held in the Assembly hall OF the Latter
day Saints Business college. on Friday,
at O'Clock p, M, There was "A good at
tendance Of the stockholders, 2,i6i
shares being represented out OF The
total Of $1,000 either In person or by
proxy In the absence Of President Geo.
@. Cannon, Yiye. President T. r. Cutler
called the meeting to order and was
chosen chairman. The reading OF the
reports Of the officers then occurred. In
submitting the financial statement and
the reports OF the manager and treasur-
er, the presidents report said
II take pleasure IN submitting here.
with the report Of the operations Of
your company for the year ending
March 81 1900, covering the ninth sea.
sons ran OF our factory. The reports Of
the general manager and OF the treas
urer which / append, speak for them.
selves, but Il gives me pleasure 10 be
able to say that the past year has been
the GROWING one OF the companys his
tory In the number OF acres planted Ia
beels. the pounds OF sugar produced,
and the percentage OF sugar extracted
from the beets,"
Manager Cutters statement OF the
past years operations made a most sat
refractory showing and one that was
very gratifying 10 the stockholders His
report paid q tribute 10 the farmers for
the steady improvement In their man
ner OF planting and handling the beet
crop. The operations with the beets,
he said, had been closely watched
throughout the United States, and not
only had they been highly compliment
cd on the results obtained from the
beets. but many calls had been made
upon them for expert beet raisers 10
80 20 other localities for the purpose OF
educating growers IN their districts
They already had several men out In
California. Oregon, Colorado and Ohio
FOR this purpose
Mr.. Cutler spoke especially Of the de-
velopment Of the beet seed industry and
said a large portion OF the company's
land would be devoted TO the raising
OF the beet seed. The company raised
over 10000 lbs, OF beet seed during the
last year The auxiliary plant and
pumping station az springville was
said 10 have given excellent results, and
work had already begun on the new
plant one-haf mile north Of Bingham
Junction In Salt Lake county, which
would be finished IN time TO work up the
crop OF the coming season Contracts
had already been made for next year
amounting 70 $50 acres,
Notwithstanding the advance IN the
price OF manufacturing material, coal
and coke and the payment Of an addi-
ti0nal % cents per ton 10 the farmers
for beets. the past season had been the
best IN the history OF the company, and
the board had decided to increase the
quarterly dividend 20 the stock holders
70 three per cent After writing Of
various amounts the assets were N.iG7,-
I0,ei and the reserve fund amounted
TO 100000. The sum Of $3.50. 900 had been
brought into the State from outside
points from the sale OF sugar. Figures
were submitted comparing the run
made by the factory during 1895 with
that OF 1899. every item showing very
favorably FOR the latter year.
The treasurers report showed that
during the collection Of 1897 622.74 from
the sales Of sugar. pulp, etc, not one
dollar had been lost In bad accounts
The election OF the new board OF d.
rectors TO serve for the ensuing year
then took place Messrs. Joseph Geoge-
hogan and +. +. Trane were appointed
tellers and their report showed the
election Of the following named board
OF directors George Q. Cannon,
Thomas r. Cutler Heber ]. Grant, Jos
eph +. Smith. John Henry Smith. Will
liam B. Preston James Jack, Barlow
Ferguson, George n. Taylor, Jno. r.
Wlnder Thos G. Weber William II.
Mcintyre and W. S. Mccormick.