92 THE STORY OF THE U.F.O. 



recently incorporated as a result of the work of 

 the Cheese Committee. A fruit department 

 was also inaugurated under the supervision of 

 Messrs. Lick and Craise, two of the directors. 

 A subsidiary wholesale department was incor- 

 porated separately, under the name of " General 

 Wholesalers Limited," and the authorized capital 

 was again increased; from $250,000 to $1,000, - 

 ,000. A province-wide stock selling campaign 

 was put on in June, under the management of 

 Mr. Burnaby, and by the end of the year the 

 million dollars had been oversubscribed. A 

 mill was leased at Smiths Falls, and the branch 

 stores increased in number from ten to thirty. 

 The Live Stock business grew to about twelve 

 millions, while the total turnover for the year 

 was nearly twenty millions. 



It is, perhaps, not to be wondered at that such 

 spectacular development should render the 

 Board of Directors indisposed to welcome 

 criticism and suggested changes of constitution. 

 At all events the representations made by Mr. 

 Good at the shareholders' meeting and sub- 

 sequently urged upon the Board, produced no 

 immediate results. 



It was not all clear sailing, however. On 

 May 31st Mr. Loblaw resigned as manager, 

 which resignation took effect the middle of 

 July. For the rest of the year the President, 



