The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1904-12-09
A BUSINESS DOUBLED
Annual Meeting Of Building and Loan
Association DiSClOseS That Bust
ness is Doubled.
Bob White, Sent 10 P~eDitenllafy From
Mitchell, Mas Shot by a Guard
Friday Afternoon.
Stole a Bicycle Here and Then Tried the
Insanity Dodge 10 GEL Clear Of
Penitentldry.
THE B. & |. MEETING
The Past Year Has shown "a Large
Inuease of Business and In
stitulion is Floullshing.

There was a good attendance AT
the annual meeting of the Building
4 Loan Association, when Secretary
Heimbergcr made his report, and
the officers were elected for the en-
suing year.
MIR. lleimberger has devoted con-
siderable time to the work in the
past year ana has solicited business
with a view of increasing and eN-
tending the associations work among
as many people as possible. One year
ago the ASSOCIATION carried loans to
the amount of ST., 100, and since then
81 loans have been made amounting
to SD, 80, which Mr.. Heimberger
thinks can be doubled DeNu year.
In the course of his report to the
stockholders the secretary suggested
several things tending for the benefit
of the assoclation-tirst, setting aside
an amount for Jldicious advertising
through the papers; second, to allow
wv E'Nti a obui W otIltlJllS ltU-
tiers TO at least 800 people in the city
at least three times during the year:
third, to encourage a children'S de-
partment to become shareholders /:
fourth to encourage paid up shares
under the special law, especially
when Sin per cent money a be safe
ly loaned at II per cent, not in the
nature OF banking, but rather to
meet the demand for good loans and
to encourage the building of new
homes; fifth, something should be
done to have our board of directors
feel it a pleasure as we'll as a duty to
attend the regular board meetings.
The office is n of hopsI,-as we'll as
responsibility and no regular meeting
should be without a quorum this
coming year.
The following will indicate some
thing Of the business done during
the year as shown by the the secre-
tary's report.
Loans paid Off during the year
ST, $50; received from dues Sl3, 663. so:
received from interest, SO, 1876. "A;
total dues paid to Dec, 1903, 500, 553.-
so; total loans made for the wear,
$l5, $50: total loans held by the asso-
citation at present time, S31, 100; Sec
reta1y's salary 1859 5.
The business OF the annual meet
ing vas then taken up which consis-
ted OF the election OF the board of d.
rectors, 10y the stockholders which
resulted as follows: j. O. Walrath,
L. j. Welch, r. N. Kratz, ID W..
Burright, A.. e. Hitchcock, O. T.
Lltchtield, G. w. ellis, c. C. Halph-
ide, A. f. Dean.
The board of directors then elected
the following officers for the ensuing
year:
President-J. O. Walrath.
Vice president-R. N. kratz.
Secletary-D. w. Burright.
Treasurer l.. j. Welch.
AttoIney-A. T. Hitchcock.
Looming committee-O. Il. Itch.
field, G. w. Gillis, G. &C. llalphide,
~. E. Dean, II. N. Kratz.
The building and loan association
has been the means of adding to the
residence district of the city and in
the future it can do much more.
The year has been a very successful
one. the greatest i'm its history it is
said, and much credit is due the re-
firing secretary, Mr.. lIeimbcrger,
for his efficiency. Mr.. Bnrright, the
new secretary, gave up the work a
year ago when he went south.