Similar fears and notions were entertained by the stockholders when this was proposed as you stated agitated the minds of your capitalists, viz: a possible diminution of dividends. It required some effort on the part of our stockholders to reconcile their feelings with a knowledge of their duty and obligations as Elders of Israel and servants of God. A good spirit, however, prevailed, and a desire to build up the Kingdom of God, and work for the interests of the people, outweighed all selfish considerations; hence, consent was granted by all the stockholders to establish home industries and draw dividends in the kinds produced. We erected a tannery building, two stories, 45x80, with modern improvements and conveniences, at a cost of $10,000 (ten thousand). Most of the materials, mason and carpenter work were furnished as capital stock by such persons as were able and desired an interest in our institution. The larger portion of this work was done in the winter season, when no other employment could be had, one-fourth being paid in merchandise to such as needed. We gained, by this measure, additional capital, as well as twenty or thirty new stockholders, without encroaching much on any one's property or business. This tannery has been operated during the past nine years with success and reasonable profits, producing an excellent quality of leather, from $8,000 to $10,000 (eight thousand to ten thousand) annually. We connected with this branch of industry a boot and shoe shop; also, a saddle and harness shop, drawing our dividends in the articles manufactured in those departments. Our next enterprise was the establishing of a woolen factory, following the same course as in putting up the tannery--procuring the building materials, doing the mason and carpenter work in the season when laborers would otherwise have been unemployed. This, also, added to our capital--increasing the number of our stockholders without interrupting any man's business. The profits of the mercantile department, with some additional capital, purchased the machinery. During the past seven years this factory has done a satisfactory business, and we have not been necessitated to close for lack of wool, winter or summer, and have manufactured about $40,000 (forty thousand) worth of goods annually. This establishment, with its appurtenances, cost about $35,000 (thirty-five thousand). With the view of probable difficulty in obtaining wool, we now started a sheep herd, commencing with fifteen hundred head, supplied by various individuals who could spare them, as capital stock. They now number five thousand, and prove a great help to our factory in times like these, when money is scarce, and cash demanded for wool.