Word: atchison
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...Atchison, Topeka and Santa...
Among those Atchison directors are such bishops of U. S. finance as: William Benson Storey, President of the Atchison; Edward Julius Berwind, Manhattan holder of coal, shipping and transportation enterprises; William Chapman Potter, President of the Guaranty Trust of Manhattan; Arthur Twining Hadley, President Emeritus of Yale; Charles Steele, Morgan partner; Henry Smith Pritchett, President of the Carnegie Foundation since 1906; and Myron Charles Taylor, Chairman of U. S. Steel's finance committee...
Their prudence is undebatable. Last week they raised the dividend rate on Atchison common shares to $10 per share and no one doubted that this rate would be maintained for many a year...
...Atchison, Topeka & Santa Fe is the richest of U. S. railroads. Its assets are approximately a billion and a quarter dollars. It has 2,324,095 shares of common stock outstanding. Great institutions as well as little people own that stock. It yields them now $23,240,950 each year...
...years ago the road was bankrupt, made so by the panic of 1893. A foreclosure sale wiped out hobbling debts; a new management revitalized it. Someone with good persuasive powers brought the late Edward Payson Ripley (1845-1920), to be its president. Ever since, the Atchison has paid its preferred dividends. Common dividends began in 1901, with $3.50. They changed successively to $4 $4.50, $6, $5, $5.50, $6, then (3 years ago) $7. For more than a year there have been extra $3 dividends on the common stock. That extra-fruit of "Old Man" Ripley's tillage, of present...