St. Johns review. (Saint Johns, Or.) 1904-current, 1912-11-29
TESTIMONIALS.


they could see no merit in the
Bonville 99-Year System, | have
had occasion to draw this com
parison:
The present day cooperation
laws allow a promoter to claim
60 per cent of the entire amount
of what he capitalized for as his
pay for doing the work of selling
the remaining 40 per cent of the
stock. For instance, a promoter
gets out cooperation papers for
$40, 600. 90 capitalization for mer-
camille purposes. The promoter
values the shares at $1.00 par.
60 per cent of ten thousand shares
of stock is 5000 shares of stock
the promoter holds as his own.
He now has 1900 shares for sale
at a dollar par. He gets &, 600. =
90 which he invests i'm groceries.
He is really carrying on a $4, 600.
| 90 business and dividing the
profits from the earnings of 81,
600. 90 among 10000 shares, him
self being the owner of 5000 of
the shares. He keeps GO per
cent of the earnings of the 81, e
900 business and divides the re-
naming 40 per cent of the
profits among the stockholders.
The 99-Year System allows a
p 'omoter only 10 per cent of the
capital stock for promoting a
proposition. In the $40. 900
capitalization the promoter holds
900 shares of stock, sells .. 600
shares at a dollar par. The share
holders invest the 5000 in
groceries, hand the promoter n
certificate for 1000 shares Of
stock, carry on a so, 600 business,
pay 10 per cent of the profits to
the promoter and distribute 80
per cent of the earnings of$9, 600
business among the stockholders.
Is there no merit in saving to
the stockholders the amount of
the difference between 40 per
cent of the earnings of 1900 and
control 80 per cent of the earn
ings of $4,000? Is there no merit
in taking control from the pre-
moter and placing il in the
hands of the stockholders? Is
there no merit in saving the
stockholders value of 100 cents
on the dollar from the deterior-
ating effect of shark spectators.
is there no merit in making il
impossible for fake promoters to
realize on fake stock selling? is
there no merit in distributing the
earnings of an industry among
not less than 60l people? Is
there no merit in taking control
from seven magnates and plac-
ing il i'm the hands of the people
of the United States? Is there
no merit i'm opening up opportu-
ity to the masses? Is there no
merit i'm saving TO the people of
the United States 20 per cent
of thirty-one billion dollars? is
there no merit in saving 10 the
people of the United States
$500, 600, 600 annually from stock
swindlers? Is there no merit in
converting the channels of con-
centration into permanent chan
nels of distribution?
Just a few. Get the Bylaws
and figure out a few yourself.
BY comparing the Bylaws of
the Bonville 30 Year System with
the old system of organizing cor
porations il can be very easily
figured out without giving il
much time, My advice is TO any
one already acquainted with this
new system do all they can to
make others acquainted with it.
For my part, | am not only talk
ing about it, but carry an ad. on
the back of my stationary adver-
tising the new system. | have
been in business for myself for
over twenty years. six years of
that time at st. Johns. Ore,
where am now conducting a fur
niture store. III. +, Clark, 204
5. Jersey ST., st. Johns, Ore.