Your ShelfYour Projects

The Pacific Press

17%

Pacific Seventh-day Adventist Publishing Association · Oakland, California · Aug 1, 1878

FromSigns of the Times, Vol. 4, No. 29.

Read the full edition

The Pacific Press.

By James White

We learn that the trustees of the Pacific Seventh-day Adventist Publishing Association, are paying interest on ten thousand dollars, which amounts to not less than one thousand dollars annually. This is a heavy draft upon this young Association which should cease with the year 1878.
And the only proper way to pay this debt is by raising the sum of ten thousand dollars in stock by those who have not taken stock. Since the Association was formed and the existing amount has been taken, the membership financial strength of our people on the Pacific coast has doubled. And among these are many persons of considerable wealth. These persons should have the pleasure of becoming members of the Association, and should have the privilege of voting at the annual meetings of the Association either in person or by proxy. This they can do by taking stock in the Association from one share to one hundred shares. Each share entitles the holder to one vote. There are also persons among those who took stock at the first who are now able and willing to take more. These should have a chance to pledge and increase their stock as God has given them ability.
All the Association needs to do to lift this debt is to issue certificates of a thousand shares of stock on receipt of the money.
Crops of nearly all kinds are excellent in California the present season, which will improve the financial condition of California, and enable those who have not borne the burden in the heat of the day to come nobly up to the work and raise ten thousand dollars before the first of January, 1879.
We recommend that pledge papers be issued from the SIGNS Office to be circulated at the California camp-meetings, and among all the churches on the Pacific coast, embracing those of Oregon, Washington and Nevada. Now is the time for these young friends of the cause to help, and no longer suffer our publishing house at Oakland to be crippled by debts and the payment of interest. J. W.