Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1934-12-07
SHOE FACTORY
WILL DECLARE
go DIVIDEND
Splendid Showing Of Local Fac
tory After Six Months
Business
OLD BOARD ELECTED
TO SERVE FOR 1885

The annual meeting of the Stock
holders of the Clark Brown Company
was held at their offices at 1890 A.
NJ, on Tuesday, December 4th.
A representative group Of the Stock
holders were present at which time
the production sheet for the past six
months was read and approved by the
Stockholders. They were very much
encouraged with the report since it
showed net profit for the past six
months. This was very gratifying
to the Stockholders, particularly as
they felt and also the management
felt that the Company would do well
if they broke even during this period,
since they were handicapped with prac
tically all inexperienced help in 10
eating in Pocomoke City and had many
disadvantages for sometime, however,
the plant is now operating with all
skilled help and their products are
now up to par with any Of the other
shoe manufacturers in the East.
The following Directors were elect
ed for the ensuing year: namely, Chas-
L. Mason, Raymond C. Dryden, Geo.
Coffman, w. A. Birmingham, w. H.
Hudson, H. T. Brown and C. Clark
Brown.
w. A. Birmingham, as Chairman
of the meeting, outlined to the Stock
holders proposed plan for the COM
ing year. He stated that the COM
pany has building and equipment to
produce at least one thousand pairs
of shoes a<day and that with addition
al employees and about twenty-five
thousand dollars in working capital
this increase in production could be
accomplished in avery short time.
HWas also outlined at this meeting
that to increase production at this
time would greatly add to the income
Of the company as well as to that Of
the present Stockholders, and would
also practically double the pay roll
which naturally would be distributed
in Pocomoke City.
It was outlined further at this
that at this particular time
the company should establish defin-
lite sales policy, since this was the
nucleus to the success of any bsi-
ness. With the additional capital that
is needed at this time they propose to
use this money for the purpose Of
carrying a stock of shoes on hand so
as to enable them to take care Of
orders which are constantly coming
in for immediate delivery through
their sales representatives, whereas
heretofore they have been taking or
ders subject to three to four weeks
delivery. Also to add additional lasts
to improve the lines of the shoes to
make them more attractive to the
dealers. The Company also proposes
at this time to add an addition to their
line in the way Of higher grade shoe
than they have been making, since
there is a demand for this product
through their sales representatives.
There has never been any difficulty
with the Company TO sell their pro-
ducts, since they make a medium price
mems and boys shoe which does not
change in style, but is a staple pro-
duct from year to year. Their chief
and only problem has been a limited
amount of working capital. By in
creaSing the production as outlined
in this meeting the added overhead
would be very small in comparison
and should enable them to earn a very
handsome return on their investment
and at the same time allow them to
build up a reserve which would be ad-
vantageous to the Company and to
the present Stockholders.
The Board Of Directors met after
the Stockholders meeting for the pur-
pose of organizing their board and
eIecting officers for the coming year.
The officers were as follows: Charles
Z. Mason, President, w. A. Britting-
ham, Executive Vice-President, Fl. T.
Brown, Secretary and C. Clark Brown,
Treasurer.
1T was decided at this meeting that
ask per cent dividend would be pay
able on all Class ga" stock outstand-