Word: dividend
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Dates: during 1930-1939
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Thank you for your reference to the 37½% dividend paid to my creditors. Not a bad snowing for a "fraudulent" bankruptcy. Much better in fact than the usual returns from honest (?!) bankrupts. In dollars and cents, 37½% is equal to about $1,500,000. If you add to it the $1,750,000 absorbed by referees, receivers, trustees, auditors, experts, court fees, lawyer fees, plus the $1,500,000 of "depreciation" of assets (great alibi that!), plus $2,000,000 of so-called "unearned" profits paid by me to investors before bankruptcy, and never recovered, the staggering figure...
Many a working man has wondered why he is laid off in hard times when his company's stockholders continue to draw fat dividends. Last month Edward F. McGrady, A. F. of L.'s Washington lobbyist, sharply suggested that Industry should reserve funds to tide over its jobless no less than to pay dividends (TIME, Jan. 5). Last week William Francis ("W. O.'') O'Neil, president of General Tire & Rubber Co. of Akron, announced a new and striking plan to pay Labor as well as Capital a dividend. In declaring a special dividend, General Tire...
...Wages v. Dividends. Edward F. McGrady, A. F. of L.'s Washington lobbyist, argued in Philadelphia: "The wage earner has the same right to security of employment that the stockholder has to the security of dividend payments . . . Just as reserves are accumulated to secure dividends, there should also be guarantees that part of these reserves would be set aside to protect the worker in slack times. . . . Wage payments in industry in the first half of 1930 were below 1929 by $707,000,000 while dividend payments increased over...
...stagnant industry is the snuff trade. Sales are on the increase in the U. S. and Canada. Evidence of unimpaired snuff prosperity came last week when American Snuff voted an extra dividend of 25? on its 440,000 shares, long listed on the New York Stock Exchange...
...transfer office. A total Moon eclipse was widely predicted. Last week an end came to New Era Motors with a voluntary petition in bank ruptcy. Assets were listed at $317,000; liabilities at $855,000. Strange seemed the fact that last year New Era Motors paid a $600,000 dividend on the common. A big New Investment Era Co., with creditor a is A. claim M. for Andrews $293,000. And a lucky creditor is Promoter Arch Andrews. His individual claim of $77,200 is secured by the Ruxton patents, almost certain to be of use when the next...