The Fort Dodge Messenger: June 13, 1905
Co-operative Store at Moorland
Company is Incorporated at The Farmers Elevator Company of Moorland
Many Farmers are Interested
The Company Plans to Handle Every Kind of a Business That Would be Needed There – Will Operate An Elevator, a Store and Real Estate.
Articles of incorporation were filed with the County Recorder in this city this morning, incorporating “The Farmers Elevator Company of Moorland.” This company has among its stockholders all the principal business men of that place as well as many farmers of the surrounding country.
The articles of incorporation give considerable space to the kind of business the company is to engage in. The company has among its objects the operation of a grain elevator, the running of a co-operative store, which will handle dry goods, groceries, hardware, farm implements, boots and shoes and in fact all other products ever handled by a general store and will in addition transact real estate business.
The elevator is also to be run on a very liberal basis and the company will handle grain, live stock, swine, sheep and all dairy products. The company is organized in a way to indicate that it meant to absorb all business interests in that town.
The articles of incorporation do not give the capital stock, but allows for an increase in the stock up to $25,000 while the company is to have $3,000 paid up stock in the treasury on its date of incorporation which is June 10.
The president of the company is to be Joe Fiala. The vice president is T.A. McCarville. James A. Halligan is secretary while E.J. Halligan is treasurer. The other stockholders in the ocmpany on the date of its incorporation are as follows. F.G. Cochran, E.C. Kusterer, Joe McCarville, E.S. Fiala, Joseph Stanek, B.E. Peterson, F.H. Blunck, M.J. Barrett, N.L. Ornis, and Mr. J. Frosland.
(Editor’s note: The inflation calculator gives the amount of $598,737 in 2010 dollars for the original $25,000, and $71,484 for the original $3,000.)