Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1918-06-21
letting WAS
BIG SUCCESS
Voted to Dou-
bic the Old
Capital.

kn0 sA00In8 Oh inc 0tockn0lQ0TS OF
Northern Packing company held
boon was q complete success. Near
all Of the stockholders were present
represented and all showed great
thusiasm and surprise in the prog
% that has been. made with the
ant.
The meeting devoted most OF It's
me to the voting for doubling the
lpitAl from $500, 900 to $1,000, 900.
reports on the development Of the,
liant were given by the various ON.
ire and directors.
G. w. Graves, in q short talk, ex.
blained that the future Of the indus
nv wa unlimited, as It 10 one Of not
bnly state and national, but world
Importance. He showed that the
ehree needs Of North Dakota, "a Of
most states, ar for bread, butter and
meat. He then explained how stress
had been placed on the first two
through farming and dairying asso-
Feiations. while the third had been left
undeveloped.
Mi. e. J. Lander then read the
resolution increasing the capitalize
ton Of the company from 100000
to 41.000,000. In 90 doing he showed
the need OF such action, declaring
that since the company had secured a
ness, that unless he had plenty Of
backing he could not carry on the
business readily and probably. The
resolution a. introduced was passed
unanimously.
, The meeting was then given owe
to discussion Of business matters Of
the company, including the issuing Of
the new stock, and It was decided
that the secretary take the matter
UP with the secretary Of state at once
and issue the stock. Nearly $780,
900 worth Of the stock was subscribe
ed before the action had been taken.
Many men prominent in the welfare
Of the company gave short talks on
the possibilities OF the plant.
Following the general discussion,
the meeting adjourned, and many Of
the stockholders again took the trip
to the plant to see once more the
progresS that had been made.
When questioned on the situation
yesterday. prominent stockholders
from other towns were very optirnts-
tic In their opinions. ,su
There lie no doubt about It's MAX
ing good II there is a good mar at
the head Of it." said. H. Lerom, land
I believe that in Mr.. Eliot we have
the man who an handle the situa-
ton"
1 Hans Malm, one Of the old settlers
Of the district, stated that he thought
the plant would be the biggest thing
that had. ever come to this section OF
the state. my only regret" he said,
lis that this did not come 20 years
ago."
II am satisfied that the men have
an "A No. i man for manager, and
have no doubt Of the SUCCESS of the
plant. It takes backing to make any
man in such a position bring out his
best, and I believe that our new in
crease in stock will do the work."
said NJ. Larimore.
ut has the best opportunity Of any
plant in the United States" said p.
"a. McClernan, who has been ono Of
tho enthusiastic workers Of the COM
pany since its organization. 1T has:
the shortest haul and the best oppor-
tunity. to get at the products Of the
immediate vicinity. as we'll a. Of Man
itoba, North Dakota and northern
Minnesota and Montana"
Most of the stockholders attending
left last night for their homes salts
t1ed with the work Of the plant, and
resolved to- get others interested in
what they consider n Of tho biggest
undertakings Of tho northwest.