| OCR Text |
Show HISTORY OF SANPETE COUNTY. 207 porated April 18, 1891, with a capital stock of $30,000. The Twin Creek Irrigation company, with a capitalization of $19,000, was incorporated on the same day, April j 8, 1891. The Moroni and Mr. Pleasant Irrigating: Ditch company, with headquarters at Moroni, but holding much stock of and furnishing water for Mt. Pleasant people, was incorporated June 20, 1893, with a capital stock of |30,000. The Coal Fork Ditch Irrigating company, with a capital stock of $1100, was incorporated June 28, 1893. On February 6, 1S96, the Cedar Creek Reservoir company, with a capital of 815,000, was incorporated. These companies are directed by some of the representative citizens and land owners, and the financial affairs are therefore well handled and the expenses made as low as economical methods will permit. Oyer 10,000 acres are under cultivation from these ditches and abundant crops are harvested. The co-operative method of doing business entered all the channels of trade, and in 1867 a co-op store was started, with a capital stock of $700. This institution flourished for years under the able direction of such men as W. S. Seeley, A. Madsen and C. N. Lund. From a small log hut the institution increased to an elegant business block, where a half dozen salesmen were kept busy in attending to the wants of customers. The mercantile business proving so successful, many individuals and incorporated concerns entered the field, and today Mt. Pleasant has more first-class general stores than any city of similar size in the State of Utah. Nor has the increase in trade been confined to general stores, but has extended to all lines of business that a live, bustling city of 3000 people could reasonably demand. The air of business prosperity permeates the entire municipality and enterprise is a noted characteristic of the people. An index to the prosperity of a city is always shown |
