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CLAY COUNTY ILLUSTRATED 



Kragnes Farmers ' Elevator & Mercan- 

 tile Company 



The Kragnes Farmers' Elevator & 

 Mercantile Company has made a re- 

 markable record since it began busi- 

 ness in March, 1911. Beginning with 

 $4,575.00 capital stock, held by 59 

 stockholders, the company purchased 

 an elevator and coal shed located on 

 the Great Northern Railway at Krag- 

 nes. During the past four years the 

 house has handled a yearly average of 

 173,000 bushels of grain, 530 tons of 

 coal and a carload of Stillwater binder 

 twine. 



At the end of the fiscal year, June, 

 1915, the company had a net surplus of 

 $11,230.79. Up to that date $1,256.00 



Fourteen Binders in a String on the 



had been expended in repairs and bet- 

 terments and dividends aggregating 

 70 per cent had been paid. 



Those who are familiar with the 

 country tributary to Kragnes and are 

 acquainted with the thrifty farmers 

 who constitute the management of the 

 company will not be at all surprised to 

 learn that this is one of the most suc- 

 cessful farmers' elevators in the state. 



The officers of the corporation are : 

 Jorgen Jensen, president ; E. J. Gorder, 

 vice-president; John T. Holte, secre- 

 tary; Chas. Brendemuhl, treasurer, 

 and M. W. Gee, E. A. Kragnes and 

 M. G. Steen, directors. 



H. H. Egar has been the manager of 

 the company during the four years and 



Loading Bundle Wagon with Shock Loader and Threshing Scene 



