Evening star., 1914-11-18
GOOD NEWS TO HOLDERS
OF MERCY STOCK
Directors Declare Regular Dividend
and an Extra of Three
Dollars a Share.
Baltimore & Ohio Earnings Show
Decrease-Walker Chosen to Head
Local Stock Exchange.
BY I. A. FLEMING.

Good news for shareholders in Mer-
genthaler!
Directors of that corporation at their
meeting neNew York city yesterday
afternoon declared the regular divi
dend of $3.50 a share and $500 a share
extra.
This is a reduction of but so cents
share from the usual distribution at
this time.
Holders of $4,000 shares of stock i'll
the corporation in Washington, and
of sufficient amount to make a total
of $4,000 shares in the nearby towns
and cities. are in a large measure re-
sponsible for the declaration Of the
extra distribution.
But for their action taken at spe-
cial meeting held at Rauscher's on Sat
urday afternoon, and the most excel
lent manner in which their representa-
tives presented their views to the Off
cials and directors of the Mergenthaler
Linotype Company, there Is but little
question that this s3s3,9ss, "Christmas
money" would have remained in the
treasury Of the company; that the
passing Of the extra dividend would
feet on values of the stock of this high
grade industry and that Washington
would have s146,000 less money to
bank and otherwise dispose of during
the holidays.
E. v. Murphy. resident director of the
company. commissioned at the Rau-
cher's meeting to present the views Of
the shareholders present to the direct
ors in New York city. did his full duty.
w. J. Kehoe, chairman of the local
shareholders meeting. not only Wis
tied Vice President Mills and talked
the matter over with him. but was
admitted to the directors meeting.
and there made potent and forceful ap-
peal in the interests of such a large
percentage of the shareholders that 1t
counted.
Objection was made to discounting
any possible needs of possible future
ten -million-dollar surplus. eight mil
lions in cash.. and when the effect
might be especially disastrous.
1t is to the credit of the local repre-
sentatives that they were able to make
their pleas SO impressive and SO self
evident that the directors saw the sit
uation in conformity with their views
and acted accordingly. in large extent.
President Dodge will send out a cir
cular letter to the shareholders with
the dividend distribution.
Had Washington not taken the initia-
tive. had 1t not been represented
ably at the dividend meeting. there
might have been a different story to
tell.
Dividend Declared.
Directors Of the East Washington Saw
ings Bank yesterday declared semi
annual dividend of 2h per cent on the
capital stock payable December Is to
shareholders of record December s.
Lewis johnson q Co.
There were no developments in the
Lewis johnson & Co. case today. Re-
ceivers are busily engaged preparing
statement of the affairs OF the company
and have nothing to give out.
Messrs. Henry and Woodruff. the in
dividual partners in the firm, are busily
engaged in efforts toward reorganization
and are said to be making excellent prog
reSs.
Because Of the long and honorable rec
ord Of the company and personal friend
ship for the partners, the creditors are
reported as more than willing to assist in
efforts to rehabilitation. 1t is not likely
that any important action will be taken
until after the receivers statement is
filed