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 25ยข 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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