New-York tribune., 1909-05-19
9OO PER CENT DIVIDEND
c,,.c;;oI Declaration by Central Trust
IN Which May Increase Stock.

..= IF the Central Trust Company de-
- yesterday a special dividend of 500 a share.
80 p, June Is TO stockholders OF record on
Ea'9 a5 also voted to recommend increase
'Un, snitsl stock from 100000 to Sooecoo. the
be given each stockholder to subscribe for
fsH' ,-es Of the new stock at 500 share for
w. ,,.ra row held. The recommendation for IN
sc s. the stock viii be acted on by the stock
.,ss-s at a special meeting on June 4 If the IN
80 Is authorized. every stockholder WILL
o.-,b the cash dividend of 500 on each 500 share
SiF holdings. be placed in funds 10 pay for his
@.s1t Of the new stock if he desires to take
ST. = he elects not to take the new stock he
=, have A valuable right to dispose OF. as the
zsrt stock is quoted 2S0o bid
snerisl dividend Of 20 per cent is the largest
= -std hv trust company in this city, and IN
.-.-,sntsgA ratio to the capital stock has seldom
-. exceeded I'm the history or financial institu-
80 The record dividend by national bank in
-. York is 1.aa6 per cent which was declared
: ,Gr hv the First National Bank. when
- - itsl was increased from S5Na.0o0 to slo,oo0e0o
-, same institution year ago declared an extra
ssd Of 100 per cent on its SlooOoo1O stock, which
.i5sen6 was applied 10 the payment of the capital
-, Of the First Security Company.
The central Trust Company began business in No
.,ber 1875. with paid in capital of aoooooo' and
- ,ren. q period Of less than thirty-tour years,
ts distributed its shareholders SS,l59ce not III
--;ne the dividend just declared, and has ac-
81 entirely from earnings a surplus NfllCn
: Anil as the date Of the last call Of the Super
t-o,5Arr of Banks for statements Of condition
.-,o,nted 10 a5579.697 Its surplus. after the oe-
s,ioo Of the 100000 10 be distributed among the
.s-sholders next month, viii still be larger than
49, of snv other trust company in the city, ac-
5;np 10 m official statement yesterday.
The total deposits Of the company on April Is
I've ss. *. .a57. a figure exceeded by only one or
-. ,,bar trust companies and its total resources
we're S0l.776.se4
s,ce its organization the Central Trust Com
,,r has had only three presidents-the late Henry
: snauldfns from Is75 to 1884: the late Frederic p
o,,ot- from 1884 10 1905. and James y Wallace,
=. nreseut head Of the institution, previously
s,r-tb ,-oe-president. who was elected on May q
,ss Mr. Olcott who upon his retirement from
,se n-esidency became chairman Of the board. died
,bout = month ago. The trustees are President
wallace. E Frarcis Hyde and Dudley Olcott. ID,
A D. Juilliard, James \. Jaryie'
lanes Speyer. Charles Lanier. George Macculloch
Miller Cornelius y. Bliss, Henry D. Babcock, John
{ Kennedy Henry Evans. Samuel Thorne, William
A Read and Adrian Iselin, II.
The last reported sale OF the conlpanys stock,
y.srb &c now 500 bid was of FIVE shares at 25o a
f,v 6svs ago About two months ago the stock
vss selling at about l. 500 The company has lonS
heen noted for Iberality to its employees at the
halliday season. its Christmas bonuses in some
wears having been as high 100 per cent Of the
salaries Only two other local trust companies, the
Foujtsbe and the New York, have capital OF
s. oo ea although seven have S,0o"o capital stock