Just adding to this thread.
There was a court case between Reverand JJ Ross and Charles T Russell. Rev Ross had printed a tract with serious allegations about Russell, Russell tool him to court. In order to defend his accusations Rev Ross delved further into Russell's affairs and had this to say about the U.S. Investment Co. Ltd.
...."another Russellite Company, I wish
to speak about. This is left to the last, because it
has a vital connection with the Watch Tower Bible
and Tract concern. I mean the United States In-
vestment Co. The crafty "Pastor" has never been
willing to admit that there is, and has been, this
secret Russellite incorporated body. He denied that
the United States Investment Co. was a Russellite
Co., that he was the President or Manager of it, that
he was a stockholder in it, or that he had any inter-
est in it whatever. He also claims that this United
States Investment Co. had long ago become de-
funct. In the "People's Pulpit," a Russellite paper,
Vol. 3, No. 13, in the second column, near the top
of Page 2, you will find the "Pastor" explaining
to his readers about this Company. He says, "I
have not one dollar invested in it; nor have I been
even nominally connected with it." I cannot under-
ABOUT "PASTOR" RUSSELL 35
stand how a man who is normal intellectually and
morally can make such denials. His own Secretary
and Treasurer, testifying for the defense in the
Eagle case, swore that there was that Company,
that it was in the present doing business, and that
it was a holding company for the Bible and Tract
Society. That the reader might see how Russell
told the exact truth and nothing but the truth about
himself and this Company, I will give him an ex-
tract from the Company's charter. From the rec-
ords in Pittsburgh we learn that this Company was
incorporated June 24, 1896.
The following is the extract from the charter:
ARTICLE 1.
Names of Subscribers: John A. Bohnet, Ernest
C. Henninges, Chas. T. Russell.
Amount subscribed by each : J. A. Bohnet, $5.00 ;
E. C. Henninges, $5.00; Charles T. Russell, $990.00.
ARTICLE 2.
Capital Stock, $1,000; dividend into 1,000 shares;
par value of $1.00 each — all paid in.
ARTICLE 3.
For purpose of buying and selling real estate, pat-
ent rights, stocks, bonds and other securities, mer-
chandise, and building houses, etc. Location of As-
sociation and its principal office, 58 Arch St., Alle-
ghany.
ARTICLE 4.
Name of Association is U. S. Investment Co. Ltd.
36 FACTS AND MORE FACTS
ARTICLE 5.
Contemplated duration 20 years, unless sooner
dissolved by majority of the stockholders in number
and value of interest.
ARTICLE 6.
Officers — E. C. Henninges, Chairman and Man-
ager; J. A. Bohnet, Secretary Treasurer and Man-
ager; C. T. Russell, Manager.
The claim is now made that this U. S. I. Co. Ltd.
has no property, and has been out of business for
"many years." The records in Pittsburg show
transfers of property to this self same society as late
as 1911, and November, 1912. You can see that the
U. S. I. Co. Ltd. is in existence, is doing business,
and is just another name for Russell. It is purely
a holding Company for the Bible and Tract Society,
and it holds all it can get its hands on. We found
that the U. S. I. Co., which is Russell, holds or did
hold 28 houses and lots in Binghamton, N. Y., sev-
eral lots in Tacoma, Wash., a farm near Rochester,
N. Y., a house and lot in Buffalo, a farm in Okla-
homa, 100 lots in Texas, a house and lot near Pitts-
burg, and five thousand and five hundred acres of
land in Kentucky. This is only a small fraction of
what this company holds. We must remember ac-
cording to the charter out of the $1,000 invested in
that company Russell has, or had, $990.00 of it.
It is said that the other $10.00 was supplied by him,
giving the other two men five shares each, in order
to satisfy the law of that State. However that may
be, is it not clear that the U. S. I. Co. Ltd. is al-
ABOUT "PASTOR" RUSSELL 37
together and only Russell. As it appears to me,
this is the way it works. The International Bible
Students all over the world, and others who are
foolish enough to do so, send their money into the
Watch Tower Bible and Tract Society, which is
Russell. A part of that money is used to pay the
expense of circulating Russell's literature, paying
his advance agents and "pilgrims," which always
means chiefly the glorifying of Russell, and the rest
goes through to the U. S. I. Co. Ltd., which is also
Russell, and is invested in lands, lots, timber limits,
houses, etc., etc. You can see it is all Russell. It
is claimed that he is many times a millionaire, and
yet he has not one cent that we could find in his
own name. If Mrs. Russell were not living, or if
the divorce were not a limited one, would such be
the case? To ask the question is sufficient....."
http://archive.org/stream/SomeFactsAndMoreFactsAboutCharlesTazeRussell/1913_Some_Facts_More_Facts_About_Russell__djvu.txt