, 1906-01-26
TRUSTEES ELECTED
AT ANNUAL MEETING

it printed and copies sent to the sew
eral shareholders.
The report of the auditing commit
tee, Lewis Tyvold, Herbert C. Novel;
and r. G. Fitch, was read and placed
on file. The committee had examined
the books of the association and report
of the secretary n reported having
found them correct.
The election of seven trustees for
the current year was then entered up
on. Mr.. Symons, in his report as sec
rotary, had declined to be a candidate
for reelection as a member of the
board, giving as his reason that he un-
derstood that 1t was the wish of some
of the leading members that a more
liberal policy be pursued in the future
than in the past, and that he believed
this would @ detrimental to the asso-
citation. Messrs. Converse and Miller,
who had also been placed in nomina-
ton at the meeting the night of Deem
Der 26, 1905, declined to permit the use
of their as candidates. They
stated in their remarks that they had
heard it to be the intention of the new
board to assume a more liberal policy
in dealing with borrowers in the associ-
alton and neither gentleman would do
for the association what he was not
willing to do in his private business.
They had learned hat one member of
the association had secured proxies for
a majority of the stock and to this they
offered objection. Messrs. Tegner,
Thompson and Frazee had also with
drawn, leaving only Messrs. Corthell,
Tyvold, Crumrine, Simpson, Fitch,
Johnson and Holiday to be voted for,
and Mr.. Symons moved that the chair
for the seven gentlemen just named.
AT this point the question of a quor-
UNI was raised, Inc a motion to lay Mr..
Symons' motion on the table until after
the roll was called prevailed.
A call of the roll developed the fact
that nearly all the stock of the asso-
citation was represented either in per-
son or by proxy.
When the roll call had been complet-
ed DIR. Nelson moved that the names
of the old board of trustees be substi-
tuted for the names proposed, and Mr..
Crumrine demanded a call of the roll
on that proposition. But before the
roll could be called DR.. Nelson moved
that an adjournment be taken for one
month. Mr.. Crumrine again demanded
a roll call and the chair sustained his
demand. While the call was proceed
ing, DR.. Nelson, who had been appoint
ed one of the ~tellers, withdrew his mo-
tons, realizing that both were useless,
there apparently being an overwhelm-
ing majority against them.
The question on Mr.. Symons' motion
for the chairman to cast his ballot for
the ~first-named seven gentlemen was
then put and carried without a division.
There was some discussion after the
election on topics pertaining to the wei
fare of the association. In reply to a
question as to whether the parties CIV
ing him proxies knew of the action to
be taken, Mr.. Crumrine stated frankly
that nothing had been concealed from
them and that he had been urged to
take just the stand he did in regard to
a change in the personnel of the board.
He also stated hat the new board
would pursue the same conservative
policy as in the past, acting for the best
interest of the stockholders.
There was some animation at differ
ent stages of the meeting, but nothing
like acrimony hat would be of lasting
effect, the large majority of the stock
holders being for the board as elected.
A vote of thanks was rendered to the
board of trustees for their services
during the past year.
The following are the salient points
taken from the report of Secretary
Symons:
Laramie, Wyo.. Jan. rs, 1906.
he Albany Mutual Building association,
n and the value of stock in the different
1906 ~(exclusive):
IS and Disbursements.
lIPTS.
$45,945.SO
13,639.34
13,O67.34
ares at rs cents. .......... 1880
by association. ............ 25.46
1904
1904