History of the Pious Fund of California (Classic Reprint)

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Excerpt from History of the Pious Fund of CaliforniaThis endowment fund, commenced by the pious liberality of the society and the individual just named, was increased by subsequent donations. The capital was invested as securely as possible, and as an income of five hundred dollars, per an num, was deemed necessary for each mission, and five per cent, was the then current rate, on safe investments, a capital of ten thousand dollars was made the basis of each new mission founded.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.