Word: par
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...order to put the corporation in a safe position to begin business, it is necessary that its capital stock should be $40,000, the present net assets. Under our statutes it is not possible to make the shares less than $25, par; therefore, not more than 1600 shares can be provided for; and as the present membership is about 2600, that would leave about 1000 without any participation in the business whatever, -- no democracy in that result, it would seem. Under the plan adopted by the meeting of November 7, a provision is made for every present ticketholder...
...Society should be incorporated with a charter which embodies these following features: The number of shares originally authorized should be as large as the maximum probable ticket membership of the Society for any number of years to come. The par value of each share should be the price of a membership ticket at present, one dollar; or, if that be not feasible under the Massachusetts law, as one of the Committee's legal supporters has already tentatively objected, two dollars, which would be sufficient to remove any "small capital" difficulty. One share of stock should belong to each member...
...shall professional schools of law, medicine, and the like, require of candidates for admission; and how far can the college go toward providing such preparation? To the first part of of this question there seem to be three possible answers. The University may put its professional schools on a par with the college, demanding for both the same secondary school education; it may demand the completion of the present four years' college course for admission to the higher schools; or it may demand the completion of a shortened college course...
...Deschamps first reviewed the works of Paul Hervieu and analyzed the spirit and motive of the work. Hervieu, in his "Flirt," in "Peints par euxmemes," "L' Armature," "Les Tenailles," and "La Loi de Phmme," has taken his stand as the defender and the champion of the rights of modern woman. He has voluntarily circumscribed the field of his observations to society, the sphere in which woman finds opportunity to show her grace and charm, and to exercise her supremacy. Society life is the life in which he lives in thought, and it is the subject with which he prefers...
...first volume of Macmillan's French Classics, edited by Professor de Sumichrast, is announced by the publishers. It is "Nicomede, Tragedie par Pierre Corneille," with notes by J. A. Harrison of the University of Virginia...