Business: Railroad Dividends

In the upspurt lately enjoyed by the railroad industry, some enthusiasts have been led to talk as if, until the past year or so, American railroads were barren investments. A financial scribe compiled, last week, a list of the American roads with long dividend records which throws an interesting light on the subject.

In respect to unbroken dividend records the Pennsylvania undoubtedly leads. Since 1846, it has paid a dividend to its stockholders every year, although the amount has in different years been raised or lowered; on each $50 per share of stock, $225...

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