Business & Finance: Taxes & Profits

Not long before Franklin D. Roosevelt was nominated in Chicago in 1932 cool-headed investors could have bought stock in Chrysler Corp. for $5 per share. Last week the Chrysler directors assembled in their board room on the 56th floor of Manhattan's Chrysler Building, declared a dividend of $4 per share. That was the highest single payment ever voted in Chrysler history, equal to twice the amount paid all last year and within 50¢ per share of total dividends for the four years through 1934. Announced after the stockmarket had closed in Manhattan, the...

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