Word: shared
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Dates: during 1920-1929
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...Following the Boxer revolt in 1900, put down by foreign powers including the U. S., an indemnity of $335,900,000 was extracted from China. The share of the U. S. was about $24,500,000. In 1908 the U. S. remitted some $12,000,000 of this amount to be spent by China for educational purposes. The balance is now disposed in similar manner. *Tennessee was the only state carried by Harding in 1920 which Coolidge did not carry in 1924. Coolidge, however, carried Kentucky, which Harding lost. *Louis Kroh Liggett is an able, self-made...
...Sweringen testified that he and his brother acquired 70,000 shares of the C. & O. from H. P. Huntington & Co. at $100 a share, and turned it in to the Nickel Plate at $80, thus pocketing a personal loss of $1,400,000 on the transaction. The remarkable Cleveland brothers then purchased 180,000 shares more through J. P. Morgan...
...robbing Peter to pay Paul-the Peter in this case being other Western lines more prosperous than the St. Paul. The receivers argue that any increase in rates in the Western carriers should be pooled among them in such a way as to give the neediest roads the largest share of the increase. If, for example, the Great Northern should realize a tidy profit by increased rates, much of this profit would be taken from it and turned over to the St. Paul. In this plan, Mr. Potter claims that it is undoubtedly legal under the Transportation Act, that prospects...
...Company, however, has needed money development too much for this. Last August the stockholders were permitted to subscribe to one new share for every five shares held, at $80 per share, thus increasing the outstanding common stock from 283,110 to 339,732 shares. Incidentally, at present prices every share purchased at $80 shows a profit of over...
...called the Mack Trucks Realty Co. was therefore organized. It will be financed by a $3,000,000 serial 6% note issue. But, meanwhile, the parent Company needs additional capital for expansion. Accordingly, all stockholders of record July 20 will be given the privilege of subscribing to one new share of common for every five shares held, at $100 a share. With the stock already selling at $184 a share, this means that the new "rights" are worth $14 a share on each old share-a handsome return to shareholders. This financing will bring about $7,500,000 of fresh...