La Junta tribune., 1915-01-16
RETIRING FROM BUSINESS.

Shareholders of Prairie Cattle Con.
pany decide Upoa Cos.r.e OF
Voluntary Liquidatioa.
Mr.. Glaxbrook. manager Of the
Prairie Cattle Company. Limited.
wishes to announce that at meet
ing OF the shareholders recently held
In Edinburg. Scotland, q course Of
voluntary liquidation was decided
upon and sends for publication the
proceedings Of the meeting, which ID
sub-joined herewith:
An extraordinary general meeting
Of the members OF the Prairie Cat
tie Company, Limited, was held with.
In Dewell's rooms. Edinburg. recent
ly. for the purpose OF considering the
present position and the future pol
Icy OF the company. Sir Andrew
Mcdonald. the chairman. presided
over large attendance OF sharehold-
ers.
The chairman recalled that at the
meeting which was held on the 2Sth
OF June last. the sale OF the COM
pany's Romero range was reported.
The question was then raised by 4
number Of shareholders a. to what
they intended to do with regard to
the balance OF the company's assets,
and the future policy and manage
ment. The subject At that time
was quite new TO the directors, and
they were quite unprepared for the
consideration OF the question, but
~ II had been raised In prominent
manner. they promised to give Il
consideration. and TO invite the share
holders to discuss II At future
meeting. That meeting had been
called for that purpose. Since the
June meeting they had carried
through further realization Of the
company's assets BY disposing Of the
cattle on the Romero range. 10 they
were in the position Of having COM
pietely dispOsed Of the whole Of the
assets In Texas. land and cattle In.
GUIDED.
Their remainfng assets were the
u range. This position OF mattess
brought them face TO face with the
question rs To whether they should
now continue the company for
the purpose Of carrying on the
system Of business ~ conducted ON
the open range. or whether the re-.
naming assets should be realized
and the company liQuidated. The
question had been the subject Of .
good deal Of consideration by the d.
rectors. but they had different views
ON the subject. n the business was
To be- continued II would have to be
continued M = buying aud selling
business exclusively. In the event
Of the shareholders resolving to ~.
aiIxe. they would do NO at the pres.
ent time at u great profit on tho
whole Of their estates In the book.
Whether this prospect could he con.
tinued beyond next year Il was i'm
possible for anyone 10 say.
Expressions Of opinion were invit-
ed from the directors. Professor
Leith. Of Birmingham. expressed the
view that for some time matters
would continue 10 he favorable TO
the breeder. the Eraxcr and the feed.
cr Of cattle. lie believed the pros
poets Of making money by continuing
their work upon the open range were
~ good n not better than they had
been In the last six or seven years.
Mr. J. n. Hannah. 0irvsn Mains.
Indicated that . deal depended upoa
the price Of cattle In the next few
yesrs ~ 10 whether u would be bet.
ter 70 realize Just nos or conlinus.
Like Professor i.cith. he was wiiiiAg
10 carry out the Wishes Of the shars.
holders. irrespective Of his own opia.
ions.
Mr. Hugh Miller. W. g.. also q d.
rector. said that II the Shareholder
decided 70 20 on With the business
Of the open range Il would b. con.
trary 70 the opinions Of thoss on the
spot. and those who knew most about
the American cattle business.
Mr. J. n. Rusk, Tie managing a.
rector. said ~ had dsslnltsly come
10 the conclusion that tAe sharsAold.
err should not delay u laklng q.
vsaisse Of The prsssat eDoostuaity
Of reatising their assses. TAis cea.
ciusloa was base1 upea eae o. swo
nain facts. Ths busonem of the
company bad materially eAaassd b
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