More changes coming

by wallsofjericho 38 Replies latest members private

  • AndersonsInfo
    AndersonsInfo

    U. S. Investment Co. } United States Investment Company, Limited
    Limited

    Be it known that we: the subscribers, desiring to form a partnership association for the purpose of buying and selling real estate, patent rights stocks, bonds and other securities, merchandise, and building houses, etc. And by virtue of the Act of General assembly of the Commonwealth of Pennsylvania, entitled, “An Act Authoriz- ing the formation of Partnership Associations, in which the Capital subscribed shall alone be responsible for the debts
    of the Association, except under certain circumstances,” approved the 2 nd day of June, A.D., 1874 and the several supplements thereto, we do hereby, in accordance with the provisions of said Act of Assembly, make, sign, certify acknowledge and declare:

    I. The full names of the subscribers are: John A. Bohnet, Ernest C. Henninges, Charles T. Russell, And the amount of said Association subscribed for by each is: John A. Bohnet, five dollars, Ernest C. Henninges, Five Dollars, Charles T. Russell, nine hundred and ninety dollars.

    II. The total amount of Capital of the said Association is

    One thousand dollars, divided into one thousand shares of the

    par value of one dollar each, of which the sum of five

    dollars has been paid in cash by John A. Bohnet, represent-

    ing five shares; and the sum of five dollars has been paid

    in cash by Ernest C. Henninges, representing five shares;

    and the sum of nine hundred and ninety dollars has been

    paid in cash by Charles T. Russell, representing one

    hundred and ninety shares; and all of said money, One

    thousand dollars has been paid into the treasury of the

    said Association.

    III. The purpose and character of the said Association is as fore-

    going set forth; viz. For the purpose of buying and selling real

    estate, patent rights, stocks, bonds and other securities, merchandise,

    and building houses, etc: The location of the said Association and its principal office

    or place of business will be at Allegheny City (3-8 Arch street)

    Allegheny County, Pa.

    IV. The name of said Association is, “United States Investment

    Company, Limited, or abbreviated, “U.S. Investment Co. Limited.”

    V. The contemplated duration of the said Association is

    twenty years, unless sooner dissolved by vote of the majority of

    stockholders in number and value of interest,

    VI. The names of the officers of the said Association selected in

    conformity with the provisions of said Act of Assembly, are as

    follows, viz;

    Ernest C. Henninges, Chairman, and Manager,

    John A. Bohnet, Secretary & Treasurer and

    Manager,

    Charles T. Russell, Manager.

    Witness our hands and seals this 22 nd , day of June, A.D. 1896,

    Ernest C. Henninges, {seal}

    John K. Ewing, John A. Bohnet, {seal}

    Charles T. Russell, {seal}

    State of Pennsylvania, } On the 22 nd , day of June, A.D. 1896

    County of Allegheny as before me, the subscriber, a Notary

    Public in and for said county per-

    sonally approved the within named John A. Bohnet, Ernest

    C. Henninges and Charles T. Russell, subscribers to the fore-

    going (within) Articles of Association, and acknowledged the

    foregoing (within) statement severally to be their act and deed,

    and desire that the same be recorded as such.

    Witness my hand and seal the day and year a foresaid.

    John K. Ewing {N.P. seal}

    Notary Public

    Recorded June 24, 1896

  • maisha
    maisha

    Does anyone have the name's of the current investment arms of the WT

  • wallsofjericho
    wallsofjericho

    MORE RUMORS HEARD FROM BETHEL SOURCE

    i ran into an old friend the other day who has several responsibilities with District Conventions, he said to me that a friend of his in bethel said the rumor in bethel is that NO assemblies will be more than ONE DAY(yes, even regional conventions) and that these will all be held in circuit assembly halls

    he then proceeded to break down the financials to explain why this change makes so much sense. His estimate was a savings of $500,000 per day for the Society for DC's - but he reiterated that this was still only a rumor

    now all that money can be paid to the WTS in rental ($10.50/day per publisher he told me) for use of the CA halls through the summertime.

    this would net TENS OF MILLIONS of dollars annually in the WTS coffers.

  • wallsofjericho
  • Skinnedsheep
    Skinnedsheep

    It doesn't cost them $500k per day for a convention... There is no way.

  • sir82
    sir82

    It doesn't cost them $500k per day for a convention... There is no way.

    For one convention, of course not.

    But if there are a few dozen in the US, and many dozen all over the world, on the same day, then yeah, the expenses would be pretty high for that one day.

  • Skinnedsheep
    Skinnedsheep

    Sir 82 true. I didn't look at it that way.

  • neverendingjourney
    neverendingjourney

    these will all be held in circuit assembly halls

    I was a teenager when we were building our area's assembly hall. It was a huge undertaking that took years to complete. One of the elders who would often take me along spent years volunteering on Saturdays.

    He spoke fondly of the day when we would finish the assembly hall and the financial burden on the brothers would decrease. We'd no longer have to pay rent for a building, you see.

    When the assembly hall finally opened for business, I noticed that the deficits they announced were just as large as they were when we rented secular buildings. It didn’t' make any sense. I realized many years later that via a resolution passed by the elders a lump sum was pledged to the society. It was in essence rent. The rent would get included in the financials and only the bottom line, the "deficit," was revealed to the general audience.

    Lots of people toiled away on that building thinking that the beneficiaries would be the local brothers but at the end of the day it was simply a method to benefit the coffers in NY.

  • wallsofjericho
    wallsofjericho

    I realized many years later that via a resolution passed by the elders a lump sum was pledged to the society. It was in essence rent

    $10.50 per day, per publisher. At least in my CA

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