The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1912-02-22
Stock Company Or
gained to Take Over
Business at Once
IS LOCAL CAPITAL
Ream and McKellir
Finance the Plan and Is
sue $751; 900 in Stock

On Feb. LIST one OF the city's
greatest industries, the Mitchell
Green houses and Nurseries. was
converted from a private partner
ship into an incorporated business.
The greater portion OF the stock OF
this new corporation has been dis
tributed among Mitchell people and
the organization was completed by
the election OF its directors and Off
GERS.
How Promoters Started.
The reorganization OF the enter
prise was begun a month or so ago
through the efforts of Ernest +. Nc
kellips and w. w Reams. The for
men was a student iii the CONNER
cial Department of Dakita Wesleyan,
and the latter recently located in
the city for the practice of law.
Learning that the Newburys We're
wiling to sell they took up the
proposition of raising a stock COM
pany and buying the great plant.
They pushed the matter with Il great
deal of vigor during the month or
more they had in which 10 bring the
deal to a close and were successful
in %disposing of enough stock TO peo-
pie in the city to make their project
a success. The NewDurys capitaliz-
ed their business recently at $780,
600, and the new promoters of the
liant issued stock to the amount OF
$4,000, of Which they hold $4,000.
Named After NeWhu! vs..
The corporation enjoys the unique
/ ~ - I. - E4.;~p
acknowledgement of the fact that tC
he Newburys is due the success oil
his industry, the greatest of its
kind in the northwest. From Tho
most meager beginning seventeen
years ago the Newburys, by tho
closest application, applied intelli
;ence and rigid econmy, have devel
)ped the Mitchell Greenhouses ant
Nurseries to their present magni
Jude.
With only twelve small city lot
With which to lay the foundation o
his present great business the New
ourys have steadily grown, expand
I'd and increased until now there al'
one hundred acres, tifty-1ivc thou
and square fet of glass covering
wcnty one green houses, making !
he largest horticultural establish
nent in the Dakotas. 1t has TIL
a:gest heating plant in the city
niles of steam pipes, a complet
water system of its own operated b
electric pumps and immense pres
sure tanks.
Beginning with a very small 10
AL trade, the Newburys hot chi.
over the whole state with their SHIP
nents of flowers but ship into a.
If the northwestern states. Not onI
his, but they Wholesale greenhous
took in very every state in tn
union.
The nursery department has de
yelopcd even faster than the green
,ouse and they now snip all kind
If nursery stock within a radius o
hundreds of miles. The nursery dc
)artment now not only does a retail
out "a wholesale business.
Earnestly and faithfully have tn
Newburys laborcd and with integ
'itv and fidelity have they served an
he reward is great.
Mitchell very greatly appreciate
.hese good people for what the
have wrought. Long may they er
ioy the fruits of their labor. lfatt
+ and Mother Newbury have earne
a rest and for this purpose the bus.
ness was Incorporated. Some twer
V citizens of Mitchell have take
stock.
The Officers of the Company.
The following stockholders wer
elected directors: C.. r. Newbury. )
o. Morris, Lewis Shuster, w, "
Reams and Ernest f. MckilllpS
C. Z. NewbuIy was elected pres
dent and general manager, Ernes
2. McKillips, vice president an
treasurer ana w. w. Reams, secre
tary.
The Newburys are there TO sti
guide and direct the destiny OF tn
Mitchell Greenhouses and Nurserie
under corporate management and tn
continued success of the business
assured.