Arizona republican., 1910-01-13
GREENE AND GR|fFEEs
 PROSPERITY BANQUET
One of the Firm Tells Just How That 40 Per Cent Dividend Was
 Earned.

Ten men, composing the firm and
 the employees of the Greene X Griffin Real Estate and Investment company, dined together at the Hotel Adams
 last night in celebration of the most
 prosperous year of the firms history. At the annual meeting of the stock was declared, and then it was de- 1 cided that the event should be prop erly celebrated
 X year ago the company declared dividend of 90 per cent on 50,00O
 of stock. and it was thought then l that the high water mark had been reached, but the business of the past year proved even better and an addi
 tional 10 per cent was added.
 R. II. Greene. president of the com pany. sat at the head of the table The others present were James $. Griffin,l C. J. McElroy. V. C. Cook, J. J. Gould. J. w. Hutcheson. G. H.
 Woodson. Fred Hanson and J Greer There was q good deal of shop talk congratulations and plans for the fu ture
 Several members of the company were asked about their business deals during the year. The reporter wanted to find out for selfish reasons how to make i0 cents on a single iron dollar He knew in 6 general way that the Greene t& Griffin company buys q chunk of land just as hotel proprietor buys n whole pie. and then cuts it up into slices and sells them, the aggregate amount derived from the sale of the slices being more than the pie cost in the first place. But a 40 per cent dividend is not to be sneezed at-eyen in PhoeniX-and he sought more definite information.
 James Griffin said. in reply: "Oh. We just buy and sell and make a dol lar or two on commissions-about enough to provide gasoline for the automobile
 V. C. Cook, who conducts the mort gage loan department. said: Tt is all very simple I just find a whole lot of men who haye more money than they want and then l find some more men who haven't got enough; so get the men with the money to pass some of it over to those that haven't any. and the latter are so grateful that they give me part of it. just because they like me-
 But c. J. McElroy offered tine only authentic and thoroughly satisfac- tory explanation of the big dividend. In his usual earnest and somewhat nervous manner. he said:
 Now. this the proposition: On sunshiny day I go out and sell house-a dollar down and a dollar month for the rest of your life-nO don't mean that, I mean orwell, telling you now how to turn your ready money into cash. Now. here is a map of the Evergreen addition let's see. where was l? Oh. yes. l was going 10 tell you how to turn your ready money into cash. Well. pretty soon a rainy day comes along no business-not a firm in town has made a sale in a week. and we've only made eighty-four; the rain comes down and the roads are too muddy to take tourists out to see the coun- try. The men stay in the office. We form a little board of trade and do business among ourselves. Jim sells me a ranch l sell q house to Gould. ! and Cook makes out the mortgage. T. trade the ranch to Woodson and hell | borrow money from the building and | loan association on it to buy the | house I sold to Gould few minutes | before. Every time q deal is made 1 there is a profit to the company and | values in East Evergreen go up. It | is just like little colony that lived