Wednesday, September 15, 1937 Clear Oty telephoned that a settlement had been made on account of the Holbrook property in which she held a contract so she received $3500- A stock holders meeting in which it was voted to increase the common stock of Deere & Co to 5 million shares. Then in a Directors meeting, it was voted to give a stock dividend of 2 shares of common stock for every sharenow held.Also divident of one dollar per share on common payable Oct 20- Volume this year will be about 95 millions. Taxable income about 25 million, Income shown about 17 million. On every million pd out as dividend $220,000 goes to taxes. We will pay between 5 & 6 million in taxes this year. By not paying dividends we can keep $780,000 in the business for every million pay 220000 in taxes. Cant sell my treasury stock till March or April Business looks very good for the next season. Eda & Walter took me to the Davenport Country Club for dinner.

Creator

• Brown, Theophilus

Language

• English

Identifier

• MS02.01.19.278
• 1937_1_278

Keyword

• diary

Year

• 1937

Date created

• 1937-09-15

Related url

•  https://digital.wpi.edu/show/m039k8364

Resource type

• Image

Source

• MS02.01.19.278.319

Last modified

• 2023-08-29