Word: dividend
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Dates: during 1930-1939
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Ranking with the H.A.A. as one of Harvard's less exclusive clubs is the Harvard Cooperative Society. In former days, that ancient and rather misinterpreted tradition of the Society, the Dividend, gave the organization a solidarity which dues-paying members of swankier clubs rarely felt. Nowadays the callow student regards his $1.76 annual salary as a mere wage for the trouble of eternal searching through his pockets for a coop card...
...expect that we will have to cut the Coop dividend again next year, but the business future is so uncertain that we can only express hopes," George E. Cole, manager of the Harvard Cooperative Society, stated yesterday at the close of the annual meeting for participating members, held in Harvard...
...Government heretofore has by means of a franchise tax been taking all the profits of the twelve Federal Reserve banks in excess of a 6 per cent dividend, but Congress at the last session repealed the franchise tax so that the member banks could get the profits. So as the law stands today the profits in any gold rise belong to the member banks of the Federal Reserve system...
George E. Cole, manager of the Harvard Cooperative Society, announced yesterday that last year's dividends, amounting to $50,000, will be distributed on Friday, October 13. The rate on the dividend has been reduced from ten per cent on cash, and eight per cent on charge purchases, as in previous years, to nine and seven per cent respectively, despite the ten per cent cut in salary that the Coop adopted at the beginning of the last fiscal year, in anticipation of a smaller volume of business...
...fight entered a new and fiercer phase fortnight ago. Last week shareholders of the Express, aware that the war was costing their newspaper the staggering sum of ?20,000 per week, asked each other what they should do at the shareholders' meeting next week: Declare the customary dividend on common stock, or devote all earnings to a war chest for a finish fight...