Word: profitable
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Dates: during 1900-1909
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...specific harm that is likely to befall, and if they stop to think a moment, they will see how absurd such a supposition is. Is it conceivable that members of the Faculty, who are legally bound by the conditions on which they receive their stock not to make personal profit out of the business, whose interests are closely bound with those of the students, who are peculiarly subject to popular opinion, and finally who are under the control of the President and Fellows of Harvard University, would do anything dishonest or even contrary to the wish of a majority...
...Society are invited to examine at the office of the Society are not anything which the proposed stockholders will be bound by, but which they may change at any time. The only limitations on the powers of the stockholders are: (1) that they shall make no personal profit as stockholders, and (2) that they shall divide profits each year into dividends and capital, the relative amounts of each being, however, as the Directors determine. The members cannot be sure then that, if they vote away their control, the present method of management will last for more than...
...charter under the statutes of Massachusetts. If the recommendation be adopted, the stock will be issued by the present Board of Directors to five stockholders; the present organization will thereupon cease to exist. Certain conditions are specified for acceptance of stock: That the stockholders shall make no personal profit; and they shall provide for the addition each year to the capital stock of a portion of the profits and for the distribution of the rest of the profits to the ticket-holders of the Society. The transfers are to be only to members of the Faculties, as it is proposed...
Finally, it may be pointed out that this change does not effect the real purpose of the Society--to save members the profit of middlemen. This saving will be as effectively carried out under the incorporation as in the past...
...that it was the last opportunity for a student to enter the school by passing admission examinations. Only 100 of the entering class passed the mid-year and final examinations. This was due to the fact that many entered too young and with insufficient training to enable them to profit by the instruction offered...