CORPORATIONS: Mournful Dividend

Like a mourner laying a nosegay on a grave, Miss Josephine Roche last week paid the first liquidating dividend of her bankrupt Rocky Mountain Fuel Co., the company the United Mine Workers loved. The dividend of 25¢ on each of the company's 758,720 shares of common stock came from sales of coal lands and royalties from mines leased to other companies.

The biggest check, for about $44,000, went to the U.M.W.'s company, Lewmurken,* Inc., which once tried to save Rocky Mountain Fuel by lending President Roche $709,693. It had good reason to keep the company going. Miss Roche, a militant...

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