The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1911-03-17

greatly enjoyed by all present. The
ladies were complimented upon the
deliciousness OF the viands. The
tables were decorated with candles.
While the banquet was being serv-
ed, the high school orchestra rem
dered number of interesting selec-
tions This is an effective organiza-
ton.
At the conclusion of the banquet,
the business meeting was called to
order by Vice President Mic Peter
sen, who presided in the absence of
President II. A. Patterson. Mr..
Petersen gave some short remarks,
in which he spoke of the interest
shown by the stockholders and said
that the success Of the company de-
pended upon this.
Repoct Of Secretary Willard.
w. d. Willard presented his re-
port as secretary, which made a
very favorable showing. He said
that on January ] there were LIS
Citizens telephones in use i'm Man.
kato and 1858 of these in all. This
was an even 1000 more than five
years ago on the same date, and an
even l 400 more than seven years
ago, so that the average increase Of
the seven years was an even 200
each year. The total investment of
the company was about $175,0O0.
The salary roll outside of the con-
structiOn crew is about $4,000 a
year, and with the construction
crew about $4,000 a year. The
showing was the best yet made.
Manager p NJ. Ferguson present
ed a report showing that some
slight construction work was done
during the year and telling of the
operation of the plant.
Fl. f. Hance, one of the directors.
urged the necessity of entrenching
the company more solidly
Spoke of Extensions.
Mr.. Robinson of st. Paul, treaSur-
err of the Tri-State Telephone com
pany, was present and spoke of eX-
tensions that his company proposes
10 make the coming year. He said
that the reports that he had just
listened to were the best of any in
dependent telephone company in the
state, and he thought the local
company the best managed of any
Of them. He promised extensions
10 the vicinity of Wells and Fair
mont, and also west from MankatO
to Springfield and vicinity. This
would enable the travelling men max.
kato
S. 3. Wilson spoke and reminded
Mr.. Robinson that his company had
been making similar promises fol
five years past, and that the time
for doing more than promise had
come.
Directors Were Reelected.
Mic Petersen, Lorin Cray, Martin
Bowe and J. r. Brandrup were re-
elected directors for three years
and Martin Walser was chosen di
rector for three years to succeed
Gov. Eberhart, who has disposed OF
his stock in the company. The
members present were allowed tC
vote the proxies of others, and q
total of 2,711 shares OF stock out OF
1900 were voted.
The directors held a meeting later
and reelected all Of the present Off
GERS, II. A. Patterson president, Mic
Petersen vice president, w. ID. VIII
lard secretary and treasurer, and
S. B. Wilson attorney.
! A semi-annual dividend of three
per cent on the preferred stock ant
of three and one-half per cent upoT
the common stock was declared.
The company has several applica
tons for extensions, but it is moi
known yet whether these will be
granted.
! Mr.. Robinson remained over unit
today to talk with the officers about
extensions.
The arrangements for the meeting
last night were made by ii commit
tee consisting Of J. r. Snow, w. ID
Willard and Fl. +. Ilance and were
complete in all the details.