The unknown original author stated:
Keep in mind, that one Dollar in 1938 could buy, what today 11.84 Dollars can. A post card needed a 1 Cent stamp only and the average monthly income of an employed worker was around $40.
The following page states that both Bill Wilson and Henry Parkhurst were
donating their shares in Works Publishing to The Alcoholic Foundation.
Note that there were no outstanding shares of "Works Publishing". Bill Wilson and Henry Parkhurst were entitled to shares in the "ONE HUNDRED MEN CORPORATION". The repeated references to Bill and Hank's shares of "Works Publishing" are just a cover-up.
Actually, Bill Wilson was just avoiding a fight he couldn't win. He had already stolen and spent all of the money that had been collected for printing the "Big Book", and the people who were now resurrecting the publishing company were not about to give Bill Wilson anything more. Hank Parkhurst really did surrender his shares of the 100 Men Corporation, but he simply wanted nothing more to do with the whole thing. He had quit A.A. in disgust after Bill Wilson stole and spent the book-printing money, and then schemed to take both the future book sales money and Ruth Hock away from Hank. Hank returned to drinking, and never returned to A.A., which Bill Wilson described as "He never again showed any real sign of recovery." Likewise, Bill Wilson never showed any real sign of honesty.
And while the trustees of the Alcoholic Foundation were "pleased to announce that Mr. Wilson and Mr. Parkhurst have declined to accept any stock for their services," the optimistic author of this financial report didn't realize that Mr. Wilson still had them all by the balls: Bill Wilson had taken out the copyright in his own name, and would blackmail them with it to get still more money out of the deal -- a lifetime of income, in fact.
This page documents the fact that Bill Wilson was paid $1,558.00 to
write the opening chapters of the Big Book. In reality, he got
much more than that, because he stole and got to keep all of the money.
The figures for pay going to Henry Parkhurst and Ruth Hock
are false -- they were both really
"satisfied" with worthless stock certificates,
not spendable cash. Bill pocketed the real cash.
And Cornwall Press was not paid, not for the multilith or the printing ($165.00 + $2,414.71). Bill Wilson stole that money too. When it came time to pay for the printing of the Big Book, there was no money in the till -- "all were broke" and "we had no money to pay the printer".
Thus the following document is largely a fraud.
Bill Wilson will end up getting paid for writing the book three times. That is,
Look here for a far more detailed analysis of the following numbers.
April 1939 until end of June 1940 covers a period of 15 months.
2,405 books in 15 months makes for an average of 160 books per month.
$2.50 revenue per book makes for $400 income per month.
Works Publishing Inc. was founded June 20th, 1940.
Herbert Taylor was the President and Horace Crystal was the Vice-President.
Bill Wilson was not allowed to be involved, for a good reason. He had previously taken and spent thousands of dollars of stock subscriber cash, plus Charles B. Towns' donations and other monies. When the book was printed, and Bill didn't pay the printer, the police came after him, because he had also taken the money for Cornwall Press Inc..
But Bill still had one more ace up his sleeve. He had filed for the copyright
in his own name, so that he could force Works Publishing, Inc. to give him
royalties for a lifetime in trade for the copyright. Bill Wilson was actually
blackmailing the Alcoholics Anonymous organization...
Click Fruit for Menu
Last updated 7 November 2008.