Document gbeNgk1kV6LZa5mdKwgzgjp9L

/* K mWTSS or SroOKHOLDSR# lUETUIO Cleveland. 0., Sovambar lit, 1905. wnmr-seooitD an n u al ms r t x mb. The Annual Nesting of tho shareholders of The Shorwin-VilliMO Co. uas hold it d>ove ttno ind pine*. A. W. Frank was diosen chairman and5. P. Finn, Snritar;, Owing to tho abatneo of tha principal atoakholdora at tho Solo anon'a Convention at Montreal, notion wee aado and oarriod that the matting adjourn to Tuesday, November 14th, at tho anno tine and piano. Adjourned. Atto at W Secretary. nuiiMnu,anin>mnunuauiMnuanuuu,unn,uuaaanuaiiun ADJOURNS) ANNUAL K2STOQ. Clavoland, Novoider 14th, 1905. Tho Adjourned Annual Nesting of tho aharehoIdora of Tho Sherwin-Tilliame Co. vu hold nt above tine and place. There were preoent oithor in person or bp proxy, Zl,752 chorea out of 25,004 out atending of both C--inn and Piwferred. H. A. Shoroin wnr ehooan chairman and S. P. Penn Secretary. Tho reading of tho minute o of tho previous meatins was dispensed with. Tho amual report of tho President, H. A. Sharwin, was pro*on ted an follows;- "1 am glad to report a prosperous business for tho flaeal year ondins "August Slot. 1905. * Tho not sales of our rasular lino of goods was *5.062,649.58, ahcwijg 'a gain compared with tha previous year of---------------- - 657,508,33 * If I should report tho gross turn-over, including our auxiliary depart- N21718 CiK KXBUT25 0? CTDCKHOLDI.'IS* JESTING 1905 * manta, tha aawunt would bo soma thine of seven and ono half idIlian dollari. * da has baan our eustCB in tha paat, all rqialra and ronaoala hava bean "charged into Sxpenae Account. In addition to thla, wo have charged off a retire- "want or $100,090.00. Shis left a.not profit for the year's business of ?724,152.51, "out of which waa paid the dividenda on "referred Stoek amounting to $33,770.00, lev- * ing for tha Coman Stock $690,381.TO. The condonaod atatanant of Aooato and Liabilities ahowa ao follows:- ASSESS: Merchandise par Inventory---------------------- -------- *1,434,329.74 25,542.86 Plant--------------------------------------- ---------------- ----------------- ----------- 1,848,004.27 Auxiliary Deportments ----~-------------- ----------------------------- 797,350.26 Bills and Aeeounta neeaivable ---- ---------------------------- ---- 1.390.325.63 J5,436,352.76 LIABILITIES: Capital Stock Paid In Prof. Surplus ------------------ rofits year ending 3/31/05 Lei a Praf. Stock Dividanda Bills and Accounts Payable --> $2,016,800.00 485.600.00 725,466.41 724,152.51 Maiv.qi giumtig $2,500,400.00 1,415,848.11 ?Jt*436,952.'76 A yaar ago you authorited tha Oiractora to neks any artanai an of tha business of tha Company abroad 4iieh they deemed expedient. Se^otlotione ware than in progress which ware Inter sanaunpatad, by which this Company purchased the entire er.pitsl a took nf Lewie Bar-gar & Sons, Limited, of London, Sngland. The business thus soi|uind is a vary old and reputable one, end with the added strength of the business methods and tha eredit of our Company, wa antiaipata a profitable addition to our business abroad. You also a year ago authorised investments in tha line of aecuring advantages in eartain raw amtariala. At that time we had an option an a controlling interest in the Oaark Cine Oxide Co. if Missouri, which later we took up. and have plana under way for largely Increasing tiiat business. In connection therewith wa purchaaad also lead and line nines at Jtagdalans, Soeorrp County, Bow Mexico. Our facilities for conducting oar business have boon further increased in tha United States during the past year by distributing depmts opened in Savannah, Cincinnati nr.d Portland, Oregon. Alao, arrangements have boon completed for a new depot in Dallas, Texas. The increase of our business, at usual, necessitates larger manufactur ing facilities, and mors axtanaivs enlargement of our plants are now under way. CRCCOftO BOOK pact 47714' StCliT.dY. 0007-SWP-034407 0007-SWP-000116038 t.K >i i) ] ! KINUTES OF STOCKHOLDERS' K2ETXIB ISOS * The hue ins as generally is in prosperous condition and ths future `outlook favornble. Respectfully submitted, (Signed) H. A. She ruin. President.* . On notion ths report was neeeiwsd snd ordered filed. Motion was wads and carried unaninoualy that ths secretary bo instructed to east the ballot for tho following Directors for tho ensuing yeari- H. A. Sherein W, B. Albrieht >'/. K. Cottinghaa E. K. Richardson J. C. Bearddea . U. Fill inns S. P. Penn Ballot esc east and sans were declared duly sleeted. Adjourned. a.iaHn>H.uaiMuitiiMniiii>auai><a.au.inMuu>.t.iiaiiu. r*T4<fi aecoao bo o k *>g e p *msr ' rZ^^C^ steamer. 0007-SWP-034408 0007-SWP-000116039