Evening Republican, Volume 22, Number 142, Rensselaer, Jasper County, 17 June 1919 — HOLDS SECOND ANNUAL MEETING [ARTICLE]

HOLDS SECOND ANNUAL MEETING

FARMERS’ GRAIN COMPANY MAKES SPLENDID SHOWING FOR PAST YEAR. A very large per cent of the two hundred and sixty-seven stockholders of the Farmers’ Grain company met in the east court room Monday afternoon in the second annual session of that institution. Frank L. Hoover presided and Fred S. Tyler was secretary, assisted by Charles G. Spitler. A roll call made record of the fact that more than enough of the stockholders were present and that a majority of the four hundred and thirteen shares of stock were represented. Frank- L. Hoover, who was president of the board of directors, made a report and expressed the opinion that much credit was due the manager for the splendid showing, for the reason thal| during the year there had been a downward tendency in the grain market. Fred S. Tyler, the secretary, made his report, which was followed by that of Manager H. H. Potter. The manager’s report, which had been very carefully and thoroughly audited, showed that the company had done a business amounting to $535,000 during the year. That 433,000 bushels of* grain had been handled and that 3,067 tons of coal had been sold. The net profit on this business amounted to $10,599.85. This earning was distributed as follows : Seven per cent was allowed on all stock; two cents per bushel rebate was made on all grain, and fifty-two cents rebate was allowed on each ton of coal sold. After providing for these expenditures, about $1,500 of surplus remained. — 7 f - By an almost unanimous vote the farmers expressed themselves as favoring the taking on of sidelines such as fertilizers, twine and feed. There was a very warm and spirited contest in the election of directors to serve during the coming year. But ten candidates could be voted for, out of which seven were to be selected upon receiving the highest number of votes east. The ballot resulted as follows: Edward Ranton, 278. Amos Davisson, 259. John Kolhoff, 257. Herman Hordeman, 233. C. F. Stackhouse, 219. F. L. Hoover, 5103. E. F. Fidler, 201. The above, having received the highest number of votes cast, were declared elected. The following received the votes opposite their names: Michael Kanne, 150. iC. R. Weiss, 147. E. Wuerthner, 111.