Rensselaer Semi-Weekly Republican, Volume 38, Number 48, Rensselaer, Jasper County, 2 March 1906 — Distinction with a Difference. [ARTICLE]

Distinction with a Difference.

Dumley—What they call “preferred stock” is the stock that pays dividends, isn’t it? Wiseman—Not at all; but the stock that does pay dividends is always preferred. —Philadelphia Press.