Show RELIGIOUS FINANCI ERING A company of lacemakcrs coming under un-der contract from Europe were admitted ad-mitted Into the United States the other day on tho ground that lacemaking is not an established industry in this country It seems they had been brought over from England by John Alexander Dowie the head of the Zion religious sect which seems to be securing secur-ing a great many adherents in the middle West DowIe himself has collected col-lected a large property In behalf of his church The Chicago Tribune says He has a bank Chicago known as the Zion City bank ofilcered by adherents and is now building Zion City itself some miles up the lake from Chicago It Is there the lace Industry will be established es-tablished and stock in the concern Is now being sold so far as possible only to Zionltes or Dowleitca Ills plan of operation ought to excite envy in this region Ho seems to be a financier from away back The account tells us that the company Is not to be incorporated incor-porated under the laws of the world but under the rules of Dowie who will issue to himself certain proprietary shares giving him absolute control of the whole business without accountability account-ability to anyone The preferred and common shares are being disposed of to others on condition that they must bo content with the dividends paid and i without power to examine the books of the company except by Dowies permission per-mission or In any way toInterfere In the management It Is said the preferred pre-ferred shares are guaranteed dividends of G per cent rising by 1 per cent from C to 12 per cnt There has been no financiering to beat that since Sam Brcnnansoperations in i California |