St. Johns review. (Saint Johns, Or.) 1904-current, 1913-01-24
BOnviI|e 99-Year System
Industry..FrOm Bondage
TO Freedom
Continued from first page

ity of men.
The present day system allows
a promoter to incorporate for
500, 900 for industrial purposes.
He is allowed TO claim 10000
shares as his own. He sells $40, :
600 worth of stock to the public,
takes the $4,000 and pays for
advertising and soliciting enough
to sell his personal 60, 600 shares,
which he sells at an advanced
price, receives the cash for 60,
900 shares clear of all expense,
turns the books over to the stock
holders, who hold certificates for
100, 600 shares of stock in moth
ing, and have nothing with
which to develop it. This is
fake stock selling in which stock
buyers lose their money.
The 99-Year System allows
only 10000 shares instead of 60, =
600 for promotion. IL requires
the promoter to pay all advertis-
ing and soliciting out of his indi-
vidual resources; forbids the
transfer of this stock and makes
it impossible for him to in any
way extract a dollar from the
incorporation until the industry
has earned a dividend. II allows
no collection from the stock buy
ers until GO per cent is sold, then
il turns over the books to the
stockholders. They are in pos
session of their $50, 900. They
take possession of the 500, 600
industry, hand the promoter a
certificate for 10000 shares of
stock and hold 10000 shares in
the treasury. Is not the stock
buyer protected in his invest
ment?
Under present day methods the
controller Of large corporations
can, by raising the price of pro-
duce, raise the money TO buy any
Interpretation of law necessary
TO insure his personal gains.
The majority of people. divorced
from productive or financial con-
troll, have no means of acquiring
a superior or even equal amount
Of law Interpretation, so are help
less victims TO the ravages Of the
monopolist. The constitution and
by laws Of the Bonville 80 Year
System are protected by twenty
nine u. S. Copyrights. The u.
S. agrees TO protect what these
copyrights represent from mis-
Interpretation. infringement, or
as means of deception.
Under the 99-Year System the
instrument of control is the 80
Year constitution and bylaws,
placed in the mouths Of the di-
rectors, TO which is attached
reins of the strength of the US.
Copyright laws, governed by the
copyright directors and the ma
jority of the people. Does not
this insure obedience TO the 90
Year System? If the industrial
workers buy shares in a corpora
tion and the directors are APP
pointed, or employed, by a ma
jority vote of the share holders
are not the share holders, the
employers of the directors, and
are not the directors the EN-
ployees of the share holders and
If the directors employ the share
holders are not the share holders
the employees of the directors?
DO they not have equal powers
over each other TO demand JUS
tice from the best judgment of
all? Does that not install har-
mony between employer and en-
ployee? Ought not an industry |
void of friction TO produce better
than an industry hampered by |
friction? And if the employe be
a sharer in the earnings of the
industry is it not to his interest
10 increase the earning power
IF that industry? And can he
not do so by giving better SER
vice? Are not the advantages
pointed out sufficient TO justify |
/ further Investigation that we
know will develop a far greater
volume of advantages than what
has been referred to. and if this
iystem proves adequate to take
control from the few and place
/ in the hands of the majority,
the channels of con-
into channels of dis
ribution, eliminate fraud, open
Up opportunity, give men all
heir money earns, inspire hope,
ife and energy. create harmony,
nd create in the nature of in
.ustry the most perfect elements
f economy, shattering the
ecessity for the abnormal pro-
ection of accumulated wealth /
gainst the hungry masses and ]
onverting these great armies of
alse law executors, with all !
heir fabulous expenses attached '
nto developing and producing
overs. Surely if we are cons