Sponsor

“ The value of any donation, being the provision of any sponsorship in relation to a person is the value in monetary terms of the benefit conferred by the sponsorship in question on the person, and any such value conferred on the sponsor must be disregarded.
(5) In this section, “market value”, in relation to any property, means the price which that property might reasonably be expected to fetch on a sale in the open market. ”

“ When a choice is made of a club which you desire to join, the next step would be to have two members in good standing to act as your sponsors—one proposes your name and the other seconds. A good sponsor is necessary, and you should choose one who has many friends in the organization of which you desire to become a member. The president, officers, and the governing committee are debarred from either proposing or seconding a name for membership. ”

“ The name of such a firm, appearing as sponsor for an extensive financial project, carries weight in the business world and its heads [52] enjoy generous incomes, besides being men of much importance upon whom the honor of knighthood is sometimes conferred. ”

“ There may be four sponsors, or two, as one chooses, but in America there are usually only two, a godfather and a godmother. Whenever possible they should be asked in person and they should never be asked through a formally engraved card. For the sponsors are always intimate friends of the mother and father or relatives for whom they feel the highest regard. ”

“ Suppose a certain corporation, for instance, the corporation that makes Bayer aspirin, or Jergens lotion, or any other well-advertised product, employes a commentator to talk about various things, winding up with an advertisement of the product, and suppose that the radio commentator from day to day takes advantage of his employment or his sponsorship to make comments which are calculated to influence the opinions of men or women as to political candidates. ”

“ The expression “Breakfast of Champions” is a registered trademark of General Mills, Inc., for use on a breakfast cereal product. The use of the identical expression as the title for this book as well as throughout the book is not intended to indicate an association with or sponsorship by General Mills, nor is it intended to disparage their fine products. ”

“ Hereafter, in awarding Premiums, we shall make no distinction between new subscriptions and renewals.
2. Premiums are offered for procuring subscriptions—not for subscribing. But the applicant's own subscription or renewal, when he procures one or more other names to send with it, will, of course, be counted.
3. The full subscription price (one dollar and sixty cents) must be paid for each name. No premium is given for subscriptions supplied at club rates.
4. The money must always be sent, with the names, direct to the Publisher. No premium is given for subscriptions sent through agents. ”

“ Whatever method is used-formal advertising or negotiation-'competitive proposals' must be 'solicited from all such qualified sources of supplies or services as are deemed necessary by the contracting officer to assure such full and free competition as * * * to obtain for the Government the most advantageous contract-price, quality, and other factors considered.' [11] If advertising for bids is used, the contract is to be awarded 'to the lowest responsible bidder.' [12] Moreover, even when advertising for bids is not used, competitive standards are not relaxed. ”

“ In one sense of the term, a donation is a subscription to the capital stock of a company. We have no doubt, at the time this section was framed, there were then in the State quite as many donations voted as there were subscriptions to stock in any other manner, and if a necessity or reason existed to protect a subscription there was also the same reason and demand to protect a donation ”

“ These men stood in the light of promoters of the straw-paper company. A promoter is one who 'brings together the persons who become interested in the enterprise, aids in procuring subscriptions, and sets in motion the machinery which leads to the formation of the corporation itself.' Cook, Stock & Stockholders, § 651. ”

“ Those who do not subscribe pay in effect a small premium to the subscriber who comes forward to help them. It is considered by the Board that this is infinitely preferable to winding-up the Company, whereby the Shareholders would have the mortification of seeing the whole of their property sacrificed, and of seeing an undertaking pass out of their hands, when on the very eve of success, upon which so much attention has been bestowed, and so much experience gained by the expenditure of their own funds. ”

“ They will be only too glad to have your representative accompany their local man from time to time and are highly appreciative of such an interest, because it stimulates both the customer and their representative and at the same time gives you the opportunity of knowing just what they are doing and what they have to overcome in the way of prejudice and competition. It is always well to aid the local agency with a small advertising allowance, to be spent as your combined judgments may dictate. ”

“ There would be some small bills for stationery and composition right at the start, perhaps some for the engraving. These they would discount and settle on presentation.
"We'll have to pay our advertising man's salary, too," he said, "and with this scheme we want to get a good, energetic man and start him out soliciting at the earliest possible moment. He can get enough contracts on the basis of even a million circulation to pay for all the rounds of the first issue, and we can use those contracts as a basis of credit, too, if we have to." ”

“ In addition to economies due to improvements in methods of organization, production and marketing, another cause for the sudden and vigorous outburst of trust promotion in the years 1898-1902 may be found in the profits to be secured by promoters and organizers. After the successful launching of the first few trusts, with their undoubted economies and advantages, the movement was taken in hand by professional promoters, who organized combinations, often with the help of underwriters, in every branch of industry where there was any promise of profit. ”

“ The local association has to learn how to conduct its business just as does the individual business man, and it has to compete with individuals and firms who are in business for profit and who have the advantage of experience in the existing marketing system and the financial backing of its business connections. ”

“ On the one side, it is the duty of the State to study the whole subject in view to its own wants and to those of the public. Therefore it is that, in order to open new routes of communication to the spirit of industry and enterprise of the nation, the State pays subventions to the amount of upwards of twenty-four millions of francs, and by means of them industry invests its capital with the encouragement of the Government. ”

“ The manager of a department, and the salespeople who are to sell the goods, should be told the policy of the head of the business so far as advertising is concerned, and the way the matter is to be presented to the public, so as to arouse the interest of all. It is important that the man at the head should vitalize the business by making everybody feel and know that the advertising, the address to the public, is made in conformity with his wishes, under his supervision, and is absolutely part of his plans for disposing of his merchandise. ”

“ But the chief selling agent of the corporation has found it necessary, in order to keep the business going, to incur huge expenses for entertaining his customers, finds it necessary to incur great travelling expenses, to use only the most expensive hotels, and, incidentally, to drink a great deal more than his personal inclinations would call for, in keeping the business for his house. I waive discussion of the extraordinary fees which a trust promotor makes, in effecting a consolidation of big business units,—a process of exchange. ”

“ For example, a street railway corporation may donate a sum of money to an organization intending to hold a convention in the city in which it operates, with the reasonable expectation that the holding of such convention will augment its income through a greater number of people using the cars. ”

“ A promoter who is to make a contribution in kind shall deliver the pertinent property, without delay, on the date fixed for the payment of the subscription price, and if registration, recording or the creation or transfer of a right is required, he shall prepare completely the documents thereon and deliver them to the company. ”

“ Every partner must account to the partnership for any benefit, and hold as trustee for it any profits derived by him without the consent of the other partners from any transaction connected with the formation, conduct, or liquidation of the partnership or from any use by him of its property. ”

“ In the nature of the case, promotion is a matter of private business management, and should be left to the carrier company, which, bound to serve the public, is held to the exercise of diligence in selecting competent men, and responsible in law for the acts of those who fill any of these positions. ”

“ Our Elders abroad, who have procured for us many of our patrons, will accept our grateful acknowledgement for the interest they have taken for us, and still remember, that it is in their power to do us good by making collections of such subscribers as they may have procured for us and become responsible at the office for the amount of their subscription. ”

“ The principle upon which the grant of franchises to corporations is supported is that there are business operations important to the community which are beyond the financial strength of the individual, and that by the union of the resources of many persons, may be accomplished and thus the public be benefited. ”

“ The result is a continuous and indivisible stream of intercourse among the states composed of collections of premiums, payments of policy obligations, and the countless documents and communications which are essential to the negotiation and execution of policy contracts. Individual policyholders living in many different states who own policies in a single company have their separate interests blended in one assembled fund of assets upon which all are equally dependent for payment of their policies. ”

“ The term "to contribute funds or services" includes the rendering of any personal service and the making of any gift, subscription, loan, advance, or deposit, of money or of anything of value, and also the making of any contract, promise, or agreement to contribute funds or services, whether or not legally enforcible. ”

“ A credit corresponding to his share of the annual product of the nation is given to every citizen on the public books at the beginning of each year, and a credit card issued him with which he procures at the public storehouses, found in every community, whatever he desires whenever he desires it. This arrangement, you will see, totally obviates the necessity for business transactions of any sort between individuals and consumers. ”

“ It is to their self-interest, truly, to place the franchise in the hands of the Consolidated Companies, but it is also to the best interests of the public, who, after all, are most concerned, because the Companies is equipped with men and funds to give them greater efficiency or cheaper transportation than any smaller organization could possibly afford to do. ”

“ Unlike the corporation where for management purposes the owners’ powers are delegated to a controlling board, the essential character of the partnership is that each partner has, regardless of the amount of his investment, an equal right in the direction of its business. As between themselves, for purposes of division of duties and specialization of effort, definite power to exercise control over certain features of the business may be delegated to individual partners. ”

“ Diversified as the functions of the express companies have become, success has more than kept pace with their extension into varied fields, and a keen, wideawake public interest in the express business is demanded, not alone by the public and necessary character of the business itself, but still more by the extraordinary return which the companies receive for service performed. ”

“ Agents’ commissions to be based on the amount of the policy and not on the amount of the premium. (6) Only four kinds of standard policies to be permitted—term, straight life, limited payment and endowment. (7) Investment policies to be discouraged and deferred dividends forbidden. (8) All dividends on participating policies to be apportioned annually. (9) No company to be permitted to sell both participating and non-participating policies. (10) The present trustees of mutual companies to be removed. New ones to be elected under a system whereby the policy-holders really elect. ”

“ The masses of the people understood their motives and did not hesitate to patronize Department stores and purchase Trust products, provided they could get them for less. They might have been able to protect themselves from the inordinate greed of the trusts and combines, by taking their customers into partnership and [Pg 275] with their assistance organizing consumption and thus controlling distribution for the equal benefit of all. ”

“ His suggestions (often originating with Paula) made the Great Lakes Trust Company’s discreet advertising rich in results. Neat little pamphlets written for women on the subjects of saving, investments. “You are not dealing with a soulless corporation,” said these brochures. “May we serve you? You need more than friends. Before acting, you should have your judgment vindicated by an organization of investment specialists. You may have relatives and friends, some of whom would gladly advise you on investments. ”