Word: dividend
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...fault and we ought to be bitterly ashamed of it."); a ringing redefinition of democracy ("The test of democracy is not whether the majority prevails but whether the minority is tolerated."); and a plea for social reform, culminating in a proposal that all corporations should voluntarily write a dividend limitation into their charters. "I think it would be fair . . ." he said, "that as soon as the amount paid in interest is equal to the amount originally invested, the principal should be reduced. . . . [This] would allow people who put their money into a company to double it and no more...
...Dividend. In Chicago, 63-year-old Henry Hertzinger wrote the Navy asking for a record of his honorable discharge 40 years before. He got the record and with it a bronze medal which he never knew had been awarded...
...suspend SEC's death sentence for the duration did not even help hard-pressed utility shares-they sank to the lowest levels ever. North American, Public Service of New Jersey, Southern California Edison and similar stocks fell so far that they yield 10 to 15% at current dividend rates, sell at one-fifth to one-half their highs in depressed...
Faced with profit and dividend cuts like these, many investors dumped stocks overboard as soon as they read Morgenthau's tax bill. Result: the Dow-Jones industrial average plopped 4½ points to 102.1, lowest since March 1938; utility shares hit 12, lowest ever and only one-twelfth of 1929-5 145 peak. Railroad shares fell over a point, despite the 3-to-6% freight-rate increase they had been allowed on Monday (but rail stocks, at 26.3, were still 2 points above last year's low). New York Stock Exchange seats dropped too-one sold...
This week some Wall Streeters were saying that the tax stew was overdone. For one thing, Congressmen seemed to be getting somewhere with their general sales tax (to ease the burden on corporations and the great middle-class). For another, even if dividend rates were cut in half, most stocks would yield...