The Clio messenger. (Clio, Mich.) 1907-current, 1916-08-04
MEETING
lr3bVAT MT. MORRIS
COOPERATIVE ELEVATOR is PRO.
JECTED
Saturday Evening, August S, at Eight
Thirty 10 the Time Set
For Meeting

This meeting :. is held for the purpose
of forming a cooperative elevator at
Mt. Morris, with a capital stock of
$50, 900. 90.
Geo. A. Miller, who is president of
the Farmers elevator at Chesaning,
will be there to address the farmers
and tell them of the benefits to be de-
rived from association of this kind All
farmers are invited to attend.
Following is statement of the re-
suits attained by the, Chesaning Farm
ers' Elevator during the past year:
The possibilities of improvements in
agricultural results in this vicinity was
proven Saturday when the Chesaning
Farmers Elevator Co. held its annual
meeting and its stockholders were
given particulars about the business
transacted the past eight months.
Its success has been the greatest of
any Farmers Cooperative Elevator so
far organized in the state and is bril-
liant triumph in cooperation.
The meeting was called to order by
President Miller, who read a report of
business done by the elevator the past
eight months. During that period near
ly 5000, 600 worth of business was trans
acted and resulted in net earnings of
So, 384. "a. Of this, ST, 424 was paid in
to the sinking fund and $500 was paid
in interest on capital stock for eight
months. leaving Sc, 900 to be paid out in
dividends. Besides the above s per
cent cash dividend each stockholder
was paid an additional dividend of per
cent on business done with the COM
pany since its organization which netted
the stockholders IL per cent altogether.
l.. IL. Conklin was eiected director, in
place of +. S. Phelps, who. expects to
move to Flint in the fall, and will also
| fill the office of secretary when Mr..
Phelps retires. The stockholders also
voted consent to the directors to make
whatever improvements are necessary
| in the elevator or grounds in order to
facilitate business.
A. H. Ainsworth, the local manager
whose untiring efforts made possible
such excellent showing and everyone
connected with the elevator received a
vote of thanks from the stockholders
for the interest taken in the business.
Following are names of some of the
largest patrons showing amount of busi-
ness done with the elevator and trade
discount they received.
Geo. Harris 81, 7l0.2l, Div. $106.6l.
K. E. Jones, 81, 709. 80, Div, $lO6. SO.
VIM. Angst. $1,317.26, Div. $8l.03.
John E. Miller, 81, 259. .63. Div, $79. 81.
VIM. Perry, 81, ,222. 90. Div. SIT 35.
James Hopson, 81, 283 81, Div. $8l. 90,
! President Miller stated that every
stockholder who sold beans to the ele-
vator at So so per bushel when the mar.
ket was at that price, received 21c ir
addition as dividend.
VIM. Angst, who owns $50 share in
the company, received $8l.03 in trade
dividend besides his 6 per cent cash
dividend.
The Chesaning Farmers Elevator Co.
was organized last fall and has capita
stock of $4,000.
Farmers to the number of 430, resid
ing in six townships in this vicinity,
hold stock in the company. The direct.
ors of the company, one from each oi
the townships in which stockholders re-
side, are: f. S. Phelps, Chesaning; Hal
Devereaux, Brady; Dennis Mahoney
st. Charles; Frank Birchmeier, Maple
Grove; Chris Ziegler, Albee; and Frank
Corirp, New Haven, Shiawassee county
The officers are: President, George
Miller, Chesaning; vice president, Den
mis- Mahoney, st. Charles; secretary. E
S. Phelps, Chesaning; treasurer, Frank
Birchmeier, Maple Grove,
(Adv.) Geo. A. Miller.