Jasper County Democrat, Volume 8, Number 20, Rensselaer, Jasper County, 12 August 1905 — How Do Thor Do lit [ARTICLE]

How Do Thor Do lit

The Fifth Avenue bank of Now York has just declared an extra dividend of 120 per cent In addition to the regular quarterly dividend of 25 per cent. Two years ago the bank declared an extra dividend of 100 per cent and has been disbursing regular dividends of 100 per cent regularly for several years past. The officials of this bank are evidently honest, and It Is the stockholders who are the grafters from the customers. But how can the customers stand It? Adding half of the extra dividend—namely, 00 |>er cent—to the regular dividend of 100 per cent makes 100 per cent per annum or 13% per cent per month. If well managed banks pay like this, what Inducement can banker* have for speculation and frenzied finance? And what profits their customers must make to be able to pay this enormous interest!