82 THE STORY OF THE U.F.O. 



The next shareholders' meeting was held on 

 March 1st, 1917, at which the number of 

 directors was reduced from thirteen to nine, and 

 steps were taken to increase the capitalization 

 from $10,000 to $250,000. A new system of 

 electing directors was tried out at this meeting, 

 with nominating and electing ballots and the 

 transferable vote. It was measurably success- 

 ful, but was subsequently modified by restoring 

 open nominations and the use of successive 

 ballots instead of the transferable vote. 



The address of Mr. Pritchard, the President, 

 dealt largely with the general effects of the War 

 upon agriculture, called attention to the advis- 

 ability of departmentalizing the Company's 

 work, and stated that arrangements had been 

 already established with a firm at the Union 

 Stock Yards for the handling of live stock: For 

 the ensuing year Mr. B. C. Tucker was elected 

 President in Mr. Pritchard 's place. 



Another prospectus had now to be gotten out, 

 and in March this was taken in hand. At the 

 same time it was resolved to go after the 

 individual farmer as a shareholder, instead of 

 the Farmers' Club. The live stock end of the 

 business, not being satisfactory, also received a 

 good deal of attention, while negotiations, which 

 were to last for months, were begun with 

 T. J. Medland & Company, grocers. Arising 



