Business: On to Lebanon

Last week Manhattanite directors of Ulen & Co., international engineers, traveled to Lebanon, Ind., in a specially chartered Ulen & Co. car. There Henry Charles ("HC") Ulen extended them the hospitality of Lebanon's Ulen-built country club, entertained them in his Florentine mansion at Ulen, suburb of Lebanon, and held a directors' meeting at which was declared the company's first common dividend — 40¢ for the quarter on a $1.60 annual basis. It was also announced that the company's first quarter net was $231,235 and that the year had begun with the company's books...