Word: dividend
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Dates: during 1930-1939
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...transfer taxes, even though the market value of the shares had since declined. Created by Mr. Mellon in 1929 as a private holding company, Coalesced Co. is an interesting family treasure chest which Government counsel asserted to be nothing but a tax-dodging device. Its voting but non-dividend-paying common stock is shared equally by Son Paul Mellon and Daughter Ailsa Mellon Bruce. Its dividend-paying preferred stock Papa Andrew kept for himself...
Just before taking office in March 1921 Andrew Mellon turned over to his late Brother Richard his 3,300 shares in Union Trust. In return he took his brother's note for $10,500,000 at 5½% interest, approximately the amount of Union Trust's dividends. Never did Brother Richard attempt to pay off the principal of his note. And as Union Trust's dividends jumped through the prosperous 1920's Brother Richard's interest payments rose with them, until finally the original 5½% had become 8%. In 1930 Brother Richard transferred...
...Hunnewell, Livermore, Agassiz, Quincy Adams Shaw, Horatio Bigelow-that his venture became known as the copper company with a Harvard accent. The first shaft was sunk in 1864, and the rich lode spread and deepened with every foot it slanted into the earth. Hecla Mining Co. paid its first dividend late in 1869, Calumet Mining Co. six months later. In 1871 the two were merged. Fifty years later C. & H. had yielded total dividends of $152,250,000-a return of 100 for 1 to the Boston stockholders on their original investment. But in 1907, when copper enjoyed...
...Bank of Salt Lake City, Utah is a very good golfer. He plays the canyon course of the Salt Lake Country Club around par and has had a handicap of as low as seven. As to his ability as a banker ... he needs no handicap. His bank has paid dividends all through the five years of depression and in 1934 paid an extra dividend and also gave all employes a bonus of 10% of a year's salary as a Christmas present...
...year was Chesterfield (Liggett & Myers) which sold 34.5 billion against 33.8 billion for Camel and 33 billion for Lucky Strike (TIME, Jan. 21). Last week Liggett & Myers reported 1934 earnings of $20,086,000, up more than $3,000,000 from 1933. Simultaneously the directors declared the usual extra dividend of $1 besides the regular quarterly dividend...