Wall Street has long been unanimously of the opinion that George F. Baker knew something about running banks. The declaration by the directors of the First National Bank of New York, of which Mr. Baker is chairman, of a 20% extra dividend along with the regular quarterly dividend of 10%, has tended to confirm this impression. The dividends this year total 60% and amount to $6,000,000.
The action of the directors was due to the desire to place the First National upon a pre-War basis. The stock had recently reached the huge price of...
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