Shares. Question by John Norton Loughborough

Pacific Seventh-day Adventist Publishing Association · Oakland, Cal. · Jul 1, 1875

Shares. Question.

By John Norton Loughborough

Bro. _____ has already sent $10 in currency. Is it possible, or could it properly be done to issue him a share in the Pacific Seventh-day Adventist Publishing Association for the $10.00 in greenbacks? If not, the balance will be made up some other way?

The above question is sent in to the Office, and although our Secretary responded by letter we insert a reply here for the information of all who have paid in money on the Pacific Publishing Association and expect certificates of stock for the same I copy an answer from the by-laws of our Association, Art. V., Sec. 1 : "Any person who keeps the commandments of God and the faith of Jesus Christ may become a shareholder in this Association on the payment of ten ($10) dollars, U. S. coin into the treasury, and each person may hold as many shares as they shall thus purchase, and for each and every share held by them they shall be entitled to one vote in all matters acted upon in the meetings of the stockholders of this Association."

At present it requires $11.50 in currency to buy a $10.00 coin share in the P. S. D. A. Pub. Association.

J. N. L.