The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1906-12-29

roao years hence than they are now heIe
surely is a case whore the good that the
man has done win live after him, to be
shared not only by stockholders Of the
road, but by the whole community.
Simon GuSgenheim says that if chosen
United States Senator by the state Of
Colorado he will sever his connection with
the American Smelling and Refining Com
pany. But even if he should sen every
share he owns in the company he would
still be connected with 1t. or with its
board Of directors, by at least I'VE strong
ties. These would be: Daniel Guggen-
helm, president; Solomon r. Guggenheim,
Isaac Guggcnheim, Morris Guggenheim,
and n. Robert Guggenheim. all Of whom
are directors of the concern. Ii would
be a nice question Of ethics whether the
Senator owned the smelling company or
the smelling company owned the Senator;
bat whatever might be the exact rela-
tons. the smelling company would bene-
ut By having a friend al Washington.
II is said that Anaconda is now earning
at the rate of 20 per cent 4 year on its
stock II this is correct then the diyi-
dend rate Of IS per cent. or only two
dfths of the rate earned. is very modest,
indeed Anaconda has not only profited
from the high prices for copper and sill
yer. but from a much lower operating
cost. so that the profits based on the pro-
duction are out Of all proportion to what
they were q couple OF years ago.
handsome revenues for Anaconda have
yielded similar results for Boston and
Montana. except that the latter. not being
a large producer of silver, has profted
but little by the advance in this metal
and the presumption is that the diyi-
dend rate, which is now S per cent quar-
teriy, with 30 per cent extra, or ly- per
cent year, will be increased next month.
If this is done there can be little doubt
about an increased disbursement for
Amalgamdted stock the present expec-
tatioH being that the directors viii place
this issue on 10 per cent basis in January
by declaring "A regular dividend for the
quarter Of 2 per cent, with Z of / per cent
extra.
London had a rumor of some unfavor-
able news to come on Union Pacific within
the next few days, which probably re-
ferTeG 70 the coming investigation by the
Interstate Commerce Commission. Wall
street doubts If there Will be disclosures
of a kind 20 warrant much OF a decline in
the stock. but if the investigation should
be prolonged il might interfere with bull
lish operations in the Hartman issues.
even after money conditions oased up.
more through fear of what might still
happen than of what had actually &C
CURED.
1T is an open secret" says Joseph's
Financial News Bureau. that members Of
James J. HIS family. who a few weeks
ago attended the wedding OF Miss Hill
made up a pool and bought literally both
Of Northern Pacific common and Great
Northern preferred. one Of the immedi-
ate relations has since faced a 'shrinkage'
Of $4,000. Two other members OF the
party lost So50e11 and S2f9 900 respectively.
while an intimate friend faced the music
TO the tune Of $4,000. Now, these people
were not only next TO- the president OF
Great Northern, but members of the i'm
mediate family OF which seems 70
bear out Mr.. HIS assertion. frequently
made that be knows nothing about the
stock market