Word: dividend
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Roth and associates had already lent $1,000,000 to U.S. Hoffman when Stahl and Di Salle were unable to pay the April 30 dividend. When the corporation could not meet its loan deadline. Roth agreed to buy Di Salle's and Stahl's shares at about a share (giving each roughly a $25,000 profit), Marcus' shares at about $7 each. Roth, who with his new directors has already lent the corporation another $1,500,000 and worked out financing for most of the parent company's $4,365,000 bank debt, will be Hoffman...
...gave public powermen a new issue. They pointed to the case of the Northwest's Washington Water Power Co., which got a fast tax write-off on its Cabinet Gorge dam project. The company told stockholders that 71% of their most recent dividend was due to fast amortization, could be reported as a capital gain...
...administration. In 1947 the discovery of vast oil deposits provided a new bonanza; the government cashed in handsomely from the sale of exploration and drilling rights, and from production royalties. The cash surplus rapidly outgrew the province's debt. This year Manning's government declared a cash dividend of $22, payable to every adult citizen who has lived five years in the province...
...punishment by publicity technique has paid another dividend. This time it is awarded to the Senate Internal Security Subcommittee, which, in reviving discredited accusations against Canada's Ambassador to Egypt, E. Herbert Norman, not only recklessly abused his reputation, but virtually drove him to suicide...
...anybody could. With a reputation as a savior of sick railroads, Deramus came to Katy fresh from rescuing the Chicago Great Western Railway Co. from heavy debt, hoped to do the same for Katy, whose earnings skidded 37% in 1956, and whose preferred stockholders were due $106 million in dividend arrears. In short order, Deramus trimmed the Katy's payrolls, ordered economies in everything from telephone calls to recordkeeping, even abolished his public-relations department at the St. Louis headquarters. Last week Railroader Deramus took the boldest step yet to cut costs...