Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1905-09-07
STARTS THE BALL ROLLING SEPTEMBER

southern part of North Dakota The Union County In
vestment Co then organized with paid up capital
of $50 O0O representing the value of the Beresord mill
and electric light property and it became of the
said land, its incorporators being L. N Grill Louis
Wagner and w. A. Field the said company being duly
organized under the laws of the state of South Dakota
April ], 1908.
Good crops in North Dakota the subsequent two years
naturally increased the value of the North Dakota land
and during the year ending August A. Mr. Grill exchang
ed the entire $500 of land for general merchandise
stores located in the towns of Elk Point belmont
and Armour South Dakota.
According to invoice taken August A, the company
now has stocks of merchandise at these three places
aggregating $74 ,000 It's paid up capital stock is
$4,000 1t has valuable real estate holdings out side of
merchandise owning its building at Armour a
large brick structure 60xl20 feet two stories with opera
house up stairs.
In addition to the capital stock of $40 600 the
pany has merchandise and other property above all
liabilities Of any kind whatever amounting to surplus
of $32 000 making the capital and surplus of the com
pany O00
Such is the record of the three years since organ
zaton L. N Grill president of the company, has the
management of the Elk Point store and general manage
ment Of all three stores W. a. Field manager of the
Armour store and Louis Wagner will have the manage
ment of the belmont store. w A. Field is secretary
and Louis Wagner vice-president of the company
The business of the three stores is now the leading
business IN the towns where the stores located and
the combined business of thecompany this year promises
to reach close to quarter Of million dollars
It is Mr.. Crls plan to not only make these stores
great merchandise distributors for South Dakota but
he has formulated plan to make them cooperative and
prosharng in their nature along the lines adopted by
the Davidson Bros Go. of Sioux City that is by inter
esng the customers of the company to become stock
holders in the company and to share in it's profits and
dividends.
On May i amended articles of Incorporation were
filed with the secretary Of state increasing the preferred
capital stock of the company $4,000
These shares Of stock be issued only in 500 shares
and one to person only and shall bear an annual inter
est and dividend of per cent Subscriptions will now
be received for the stock payable now or on or before
January 1t is the desire of Mr. Grill president Of the
company to have many Of his customers interested
with him in the company possible have their CO.
operation and advice to make the best store I'm the
country, well as to afford safe and profitable in
vestment.
In addition to the per cent dividends guaranteed on
the 800 shares every of stock trading 300 dur
ing tire year will be paid additional guaranteed diyi
dend Of per cent making the annual dividend 10 per
cent upon the stock.
How will the money be used to further the growth
and profits Of the company
The money received in payment for stock will be
used BY Mr.. Grill to go upon the eastern markets. and
buy for spot cash merchandise In quantities and at prices
that will enable the III @ Co. to be the price makers
OF The community where they DO business we'll
make good profits In their business.
We want the people Of Union county TO become inter
ested III the company share in its profits and TO be
benefited by its live business methods.
regard to subscription 81 stock and other particn
lars enquire CT IT, IN. Grill of