The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-09
[|R|L DIVIDEND
||[CDRD BROKEN
s,ats 10 Be Disbursed This
1 Month Exceed Those in
Former Years.
.TIp'S POSITION LIKE
THAT HELD BY J. J. HILL
b., Who Is Head of Steel
\ trust, Is Also Chairman
of the Board.

,,sad Wire to The Tribune
IN York. April S.-lnvestcrs re-
,,,s month the sum OF SI46.91l.5l0
-. NJ dividend and interest dis
-ents by railroad, industrial and
-.ron corporations. according TO the
"a. NJ the Journal OF Commerce and
[.,cIoI Bulletin. In April year
4 A. smoun. paid out was Sl4l.43l.922.
4. MARCH figures were $1oO,i5S,3@i. o!
4 morth's total dividends will con-
=, s57l.etO and interest payments
=, ma oOo. compared with $50, 931 81
~ ;00 600 respectively last year.
aS ABROAD and industrial corpora
h,vc Increased their payments,
4. ,ni,ial dividends arc noted In some
"a Besides, some concerns are pay"
Al funds on an enlarged capitaliZa-
In contrast 10 these changes there
A few reductions.
,S brdness in the Cnite1 states Is
~ hip affair. but outside those
riy and viially interested in the OPP
~ and financing Of the great In
..,;or aa,o NJ transportation in the United
III ieV have any real idea OF its mag
capitalization Tremendous.
s,,i,t,cs lust prepared show that IN
= IN total capitalization OF all the
r,Ss In the United States was SlI.-
49, This includes all stocks and
"a An idea OF the growth OF this
--,<s NAV be had from the fact thai
Il, i,,r,ssc in Capitalization since 1900
Ssr AZ Tho rate of more than ST.
Ssjn annually. In other words,
ss svery three years an amount equal
4 ~ entire cash in the country IS spent
4 .,,,ro,d building. In 1880 the total
3frs6 canitsllzation was 81. .iO3 OBS. POI.
= ,i,,y wears the amount Of capital in.
IL IN railroads has more than tripled
Ia Truly This is a remarkable show
4 reu for the United states.
,arre T. Gould has influential COM
Ia, as chairman OF tho hoard. James
4 M, holds such a position. Edward
4 H.uimon held similar one. The
|fston has a high officer apart from
resident. The steel trust created
rc;l,lon of chairman of the board
Ia; wars ago and elected Judge Gary,
|S as hlled IL ever since. Interna-
"a Harvester, a so-callcd Morgan
Ir,sny has It's chairman. SO has Con-
|Eisisd Gas Another industrial or
|1z.tlon having a factotum of this
q "a Westinghouse. In the banking
|rM quite few elections To chairman
|-s have occurred during recent years.
n Vanderlip's Position.
|Fzn James Stillman gave way In
hi A. Vanderbilt as president OF the
bitnal City bank he became chairman
\ be board. and in this capacity takes
|nr active interest in the institution S
his More recently A. Barton Hep
Il resigned tine presidency OF the
>s National bank TO Albert WlgGin
y r3umed the new office of chairman
~ board A like place is filled. al
~ nominslly. by James NJ. Donald al
Hanover bank. Quite recently VIII
Ln A. Nash was promoted from presi-
to chairman of the Corn Exchange
(,e Of the advantages OF the office OF
1'nan Of the board is that il leaves
lncumhent TO do just as much or as
work as he hlmseif-or his board
rn=s.
hrs J. Hi. rs chairman of the Grca
rutn, actively supervises the run
that road even though his son
Et ". Hill. attends 10 the duties o
4 I,sesn' Mr. Hill senior is ncithc
+isan nor president of the Northern
Il - IN i3ct. he does not even appca
e llsl Of diroCtors-pcThaps for le
ts.ons though everyone knows tha
me dominating. power in the lar
.r2rs NJ the system The AtchiSol
walker b. Hines as chairman OF IL
LHe committee, but President Rip
Eeardcd as the real executive, II
ssl corporation the position of pres
as occn reduced To an unccrtai'
IEV' Juds Gary is the undispute
liz " inc whole combination