The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1906-01-12
Board of Trade to be Put on a
New Basis.
ABOLITION OF DIRECTORS.
Throw Meetings Open to All the Mem
bers; Thos. Hughes Chosen Pres
iden'; Other Officers.
From MONDAYS Daily.

From Mondays Daily.
Reorganization of the Board of Trade,
the doing away with the board of di-
rectors and the founding of the organi-
cation upon broader lines with the hope
of increasing its membership and extend
ing its influence and usefulness, was the
main topic of conversation at the ses-
sion of the board this morning. c. n.
Andrews brought the matter of reorgan-
ization to the front and after making a
few remarks, In which he called atten-
ton to the lack of interest exhibited
in the board by the business men and
their attendance at meetings, he
made motion that committee be APP
pointed to draft new articles of incor-
poration and plan of reorganization.
1t was afterward decided that the COM
mittee should consist of five members.
DIR. j. w. Andrews was heartily in ia
vor of the motion. He felt that the COM
ing year is to be one of great prosper
ity throughout the country and that
people are through with chasing fy-by-
night speculative schemes, and now pro-
pose to put their money into legiti-
mate enterprises. He believed that Man
kato would share in some of this pros
perity, provided the efforts of the bust
ness men were pushed in the right di-
rection.
c. A. Chapman, who was one, of the
organizers of the board, favored a reOr-
ganization
c.. \. Andrews referred to the spirit of
awakening which prevailed among the
business men of an Indiana town which
he visited recently. The plan of buying
and selling lots for factory and dwelling
house sites was put into operation there,
and it worked successfully. Already one
large concern employing 1000 men has
been secured.
After some further talk the Andrdevs
motion prevailed. c. N. Andrews was
selected as chairman of the reorganiza-
tion committee.
ton committee will be announced to-
morrow.
Thomas Hughes President.
Thomas Hughes was elected president
of the board this morning. DR.. j. w
Andrews and +. j. Moore were chosen
vice presidents; Benjamin Taylor, Sec
rotary, and C. A. Chapman, treasurer.
Secretary Taylor made the statement
that the Regent Shoea company of Oma-
ha, was seeking new location and that
Mankato can secure this industry if the
proper steps should be taken. The com
pany now employs seventy-fve skilled
workmen. 1t desires to increase its cap,
ital stock, and probably $4,000 OF $780,
OOO will have to be subscribed by local
men, Several business men have already
signifed their willingness to take stock
in the company. Mr.. Taylor has looked
up the company in the commercial agen-
cies and finds that it stands WELL The
concern is said to be doing line busl-
ness. Secretary Taylor was delegated to
go to Omaha and look up the company
and ascertain what proposition will be
most acceptable.
Prior to the meeting of the new board
of directors, the old board met and
transacted some business. Acting under
instructions from the board, President
Hughes appointed f. NJ. Currier and II
A. Patterson as delegates to the Munich
pal league convention to be held in st
Paul tomorrow and the two days follow
ing
The report of the inspectors of cleo
ton was received.
The other members of the reorganiza