Word: dividend
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Dates: during 1930-1939
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Badly muddled was Manila's reaction to passage of H. R. 7233. Owners of Benguet Consolidated, best Philippine mining stock, which has just paid a 50% dividend, dumped 2,000 shares at 50 centavos (25?) below the market quotation, so alarmed were they over the economic consequences of independence. The Philippine Legislature, sitting as an Independence Commission, wrangled and haggled from dawn to dark over H. R. 7233. Manuel Quezon, President of the Senate, denounced it as an insincere "joke," claimed it was foisted on the islands by National City Bank's investment in Cuban sugar. Cries...
...Joseph Mc-Aneeny active leader of Hudson.* The Industry's first U. S. Ambassador, John North Willys, who wisely sold his common stock for $20,000,000 in 1929, was home from Poland and again in control of his company because it had passed its fourth consecutive preferred dividend. He is living in his Fifth Avenue home in Manhattan, but the sojourn has been punctuated by many trips to Toledo where he stays at the Toledo Club and goes to his factory at 8 a. m., often remaining until midnight. Willys-Overland is bidding sharply for a place...
...National League, is his latest idea. Its flag: a golden eagle on a light brown background. Its uniform: black belted jacket, striped trousers, military cap. Its program: replacement of the Cabinet by a dictatorial council, government control of public utilities and shipping, increase in income tax, death duties, dividend tax; lowering of land taxes and local rates (bait for the farmers and petit bourgeois that are the mainstay of Fascism in every country...
...Spain's Salvador de Madariaga cried: "Practical men, whose political shortsightedness is incurable, would like to limit our efforts by saying 'Provided we can reach a practical solution, let us pass a sponge over the rest.' That is to say. 'Provided I can receive a dividend this year, never mind about the capital.' To this madness, Spain desires to say 'No!' The League Covenant will perish if we permit Chinese Manchuria to become Japanese Manchukuo...
Last week Alco's directors, for the first time in Alco's 31 years, passed the preferred dividend, the last dividend that was being paid by the country's three locomotive companies...