The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1904-01-01
CACHE VALLEY lMPLE-
MENT COMPANY.

This firm is yet in its infancy, being
less that a year old, but the pro-
prietors say it was born under IA
lucky star" and that its growth and
destiny will surprise everybody.
After the George A. Lowe Co. had
closed its business in Logan and the
Coop Wagon" and Consolidated
Implement" companies had merged
into one company, there seemed an
opening for a new firm, especially a
local concern, in the implement bust
ness. Several investigated, and Il.
II. Miles Jr., of Smithtield, Andrew
Anderson, of Mendon, and |. c. Thorc-
son of Hyrum, EMBRACED.
They opened their doors at 30-32
South Main street, Logan, on April
10, 1908, as co-partnership, under
the name of the "Cache Valley lmple-
ment Co." and secured the agency for
standard makes of Implements, Wag-
ons, Buggies, etc.
They established agencies at Smith
field, Preston, Franklin, Oxford and
other places and moved right along
''minding their own business" With
very small investment and plenty of
push and practical experience they
made the concern pay its own way in
cash by giving liberal discounts for
that commodity.
In closing their books, Oct. IL, 1908,
after six months the firm found that
they had done far better than they
had ever anticipated, and will not
under any circumstances permit us to
publish their NET GAINS; but may
permit investors to look over their
Financial statement for six months"
The success Of the firm leaked out
and several prominent men desired to
invest or join the concern. 1t was
finally decided to incorporate the
company under the laws of the State
with capital stock of 5000 divided
into shares at $1,000 each, and to issue
and sell S25,0 900 thereof, at par, to the
residents of the valley, reserving the
other $4,000 for future developments
in tile produce and manufacturing
lines, which were added to the objects
of the concern. The following officers
and directors were elected: Directors:
f. Il. Miles, Jr., president; Andrew
Anderson yice-prcsident: |. &. Thorc-
son, secretary and treasurer; =. p.
Bingham, l.. Il. Martineau, VIM. H..
barley, Joseph Watkins, with /. c.
Thoreson, manager 1t was not first
contemplated to select the Stockhold-
erS, but at the suggestion OF members
of the Executive Committee Of the
of the Farmers Association Of Cache
County, they concluded "any of the
Farmers or Residents of Cache Valley
was good company" and stock books
were opened for ANY and ALL unit
January TO- 1904, ON the principle OF
first come, first served" 1t is now
up to farmers, if they want TO share
in the profits ON their purchases O
implements etc. and the sale of thcil
produce. The firm contemplate
establishing agencies or branches at
the following points;
Utah Lewiston, Richmond, Smith
field, lIyrum, Wellsylle, Charleston
CollinstOn.
Idaho Thatcher, oxford, Weston
Preston and Franklin.
Theyhaye leased for five years,
with an option to purchase at an.
time, 80 #. front by 49, rods back a
their present location in this city AM
contemplate purchasing same soon
also an outlet north TO Center stree
and erecting suitable buildings there
on for vne convenience of their in
creasing trade and different apart
ments. For this reason they are nov
Offering their "stock on hand" A
COST for CASH. (See their ad. i
another part of this issue.