Business: Regular Dividend

While the major U. S. railroads were last week pleading to Franklin Roosevelt's Fact-Finding Commission that they cannot continue in business without enforcing a 15% wage cut, directors of a little U. S. railroad which has not operated a train or sold a ticket in 89 years met in Adrian, Mich, to pay a $24,000 dividend.

A group of Adrian citizens built in 1836 the Erie & Kalamazoo R.R., linking the navigable waters of the Kalamazoo River with Lake Erie. Only 22 miles long, it was the first railroad west of Schenectady. A pair...

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