Word: concerns
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Dates: during 1900-1909
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Incorporation is the one standard method under the law for limiting the liability of a business concern to the amount of the capital already invested--a limitation which in the interest of every member as well as of every Director ought to be secured in the case of the Co-operative Society...
...year, cares not a particle for the "Co-operative Principles" but he is unwilling that nay sentimental consideration for the Co-operative movement should risk the great University branch of service which has grown up here. The Society is from his point of view a profit sharing, trading concern; practical business reasons urge its immediate incorporation. S. CUNNINGHAM...
...administrative officers of the University, including all persons connected with the Treasurer's and Bursar's offices, that is, the officers whose positions would imply that they were specially fitted for this work, are made ineligible as stockholders. The final authority in the management of a business concern is withheld from business men and given only to those who are primarily scholars
...present Directors seem to take the embarrassing attitude that a criticism of their plan is a criticism of themselves and the President of the Society rules that in a matter of such great concern to the future of the Society, any alternative plan is "out of order." Hence the members of the Society have not the opportunity of knowing officially the reasons which actuated one member of the Board of Directors in withholding his assent from the plan. There is really no difference of interest between the directors and the members: we all wish the same thing, the perpetuation...
...years past the Harvard Co-operative Society has been a trading concern carried on by a close corporation. With the exception of one year, the persons elected to office in the Society have been nominated by their predecessors in office; there have been no nominations from the members at large. The Directors now ask that the Society be made in law, what it has been in fact,--a close corporation...