“The holder of record is the fund. In addition there were less than 10 total mutual funds in existence in 1956. The only way an investor in mutual funds knows what the fund owns is to look at the top 10 holdings listed in fund literature on a quarterly basis”.
thawk,
Yes, you are absolutely correct and that is why records even today in 2019 can not identify who owns what in the Coca Cola Company.
The issue is that before 1956 it was taught that Coca Cola was against the word of wisdom. (not debating if this was gospel or not) Only saying that this is what was taught. I personally had to abide by that teaching.
At a General Conference in Bavaria, for LDS Servicemen, and LDS service women, from all over Europe, thousands of us service men and women, spent two weeks at this conference. A general authority, I believe it was Adam S. Benion, (I may be wrong which GA), admitted that the reason Coca Cola Machines was now in all the halls at BYU, is that the Church has recently made an investment in that company.
The thousand of LDS soldiers at that conference in Bavaria came unglued. We were from virtually every state in our USA union. We had all been taught at that time, that Cola, because of the caffeine in it, was bad for us as coffee and tea and should be avoided.
When the GA was asked if he would now drink a Cola, his uncomfortable answer was, "Well, I’m not sure. “I suppose that if I was walking in the middle of a desert, and there was no water, and someone offered me a coke, I might take it” Than he went on to say that coke was never really against the word of wisdom. It was just an overstated opinion.
I was one of the servicemen at that retreat. I was stationed in Hielderburg, Germany, European Area Command with the occupational forces that occupied Germany for the 10 year period following the end of World War 2. Our Branch President was
Full Bird Colonel, W. Legrand Nielson. He was also at this retreat and heard and witnessed all that I am reporting to you now.