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The Organ Company Prosperous

The Organ Company Prosperous image
Parent Issue
Day
27
Month
January
Year
1893
Copyright
Public Domain
OCR Text

At the annual meeting of the stockholders of the Aun Arbor Organ Company, held at their office Tuesday evening, Jan. 24, the following board of directora wére eleeted for the ensuing year: Fred Schmid, II. Hutzel, F. H. Belser, David F. Allmendinger, GottJieb Luick, Evart H. Scott, and Dr. W. F. Breakey. A communication was received f rom G. Frank Allmendinger, stating that owing to the state of nis health and increasing private business, it would be impossible" for him to accept re-election as director. Regret was expressed, there being universal appreciation of his past services for the company in this eapacity. The amount of business done in the past year has been the greatest of any year in the history of the company. The output of the f actory has increased nearly 30 per cent; two-thirds of the entire organs sold were wholesaled to cash buyers; the eompany paid out during the past year in pay roll and salaries nearly 820,000, for lumber $9,520.20. They did a business of S6S,58T.5ó, of which upwards of $35,000 was in instruments of their own manufacture. Organs have been sold in nearly every state' in the union, and several shipped to foreign countries. In selling the entire number of organs sold there has been expended but $321.74 in traveling expenses, showing that there is a demand for the instruments on their merits alone, which is rapidly increasing the sale for them. In the retail department there were sold fifty-seveu Mehlin pianos, for whieh the company are state ageot; sixteen Braumuller pianos, over thirty Erie pianos, in addition to others for which the company is agent, not to mention the inany second-hand uprights and squares that have been disposed of. In view of the prosperous condition of the company it was decided to increase the capital stock to $100,000, a large part of which will probably be readily sold to the present stockholders. The outlook for the company has never been so promising as at the present time. The name "The Ann Arbor Organ" is becoming well known, and the demand for the product continuallyincreasing. On the adjournment of the stockholders' meeting the directors met and re-organized by electing the following officers for the ensuing year: Fred Schmid, president; Hermann Hutzel, vice-president; L. II. Clement, secietary; F. II. Belser, treasurer. The regular directors' meeting will be held on the second Wednesday of each month.

Article

Subjects
Ann Arbor Argus
Old News