p. 19 | The Seventh-day Adventist Publishing Association

Review and Herald Publishing Association · Washington, D. C. · Jul 21, 1904

The Seventh-day Adventist Publishing Association

By Irwin H. Evans; William W. Prescott

It is well known to the friends of the REVIEW AND HERALD and Youth’s Instructor that the Seventh-day Adventist Publishing Association of Battle Creek, Mich., that efforts have been in progress for more than a year to close up our publishing work in Battle Creek, Mich., and to transfer that department to Washington, D. C.

About one year ago the REVIEW AND HERALD and Youth’s Instructor were transferred to Washington, and since have been issued from that place. In the meantime earnest efforts were being made to have the court of chancery dissolve the Seventh-day Adventist Publishing Association, appoint a receiver, and settle up its business affairs. On the twelfth of July, 1904, the court dissolved the Seventh-day Adventist Publishing Association, declaring its existence as having ceased, and appointed Irwin H. Evans, of Battle Creek, Mich., as receiver.

Now it is the desire of all parties to expedite the closing up of all matters pertaining to the old corporation. Four months’ notice is given for a hearing of the creditors, after which time the property must be disposed of, a settlement made with the creditors, and if there is any surplus, it will be divided pro rata among the shareholders.

Many of our people have already assigned their stock to the Washington enterprise, but there may be some who are yet hesitating whether they had better do so or not. We would say that nearly ten thousand shares have already been received, and there must doubtless be quite a few whose loyalty to the cause of God will lead them at once to transfer their stock for the benefit of the work in Washington. Any one who is so disposed should at once take his certificate, and turn it over and write on the back the name of I. H. Evans, Trustee, in the blank provided for such purpose, date it and sign his name, and forward it to 267 West Main St., Battle Creek, Mich.

The Review and Herald Publishing Association of Washington, D. C., which

is duly incorporated under the statutes of the District of Columbia, has agreed to exchange its own note for any note or account that any party may hold against the Seventh-day Adventist Publishing Association of Battle Creek, Mich. We most earnestly desire to have the friends, who are loyal to the cause, assign the notes which they now hold against the Seventh-day Adventist Publishing Association of Battle Creek, Mich., to the Review and Herald Publishing Association of Washington, D. C., and in return for this assignment, on receipt of note at 222 North Capitol St., Washington, D. C., the said Review and Herald Publishing Association, of Washington, D. C., will give its note for the same amount and interest up to date. Of course, there will be no interest paid except on notes drawing interest.

The court has decreed that the Seventh-day Adventist Publishing Association must pay no notes until the expiration of the time appointed for a hearing of the creditors, which will be the latter part of November, 1904.

At a meeting of the Review and Herald Publishing Association trustees held on July 18, 1904, at 222 North Capitol St., Washington, D. C., the following recommendation was adopted:—

“In order to facilitate the closing up of the business of the old Seventh-day Adventist Publishing Association, of Battle Creek, Mich., we hereby instruct our officers to receive any assignment of notes or accounts which any creditor may hold against the said Seventh-day Adventist Publishing Association of Battle Creek, Mich., and in return for the same to give the notes of the Review and Herald Publishing Association of Washington, D. C.”

We have thus arranged to continue, just as far as possible, the business of the old Seventh-day Adventist Publishing Association by merging its business and its operations into this new corporation now existing at Washington, D. C.

The security of the new corporation is equal in every respect, as far as human judgment can discern, to meet these obligations, with that of the old corporation. We feel that the creditors will not lose in any way whatsoever by the exchange of their notes, and it will be a great accommodation in the settling up of our business for the creditors to make this exchange at once in harmony with the plans that have been laid out by the brethren who are managing the work.

Any communication concerning this can be addressed to the Review and Herald of Battle Creek, Mich., or to the Review and Herald of 222 North Capitol St., Washington, D. C.

I. H. EVANS,

Receiver of the S. D. A. Publishing Association of Battle Creek, Mich.,

W. W. PRESCOTT,

President of the Review and Herald Publishing Assn. of Washington, D. C.