Revolt in Paradise the Social Revolution in Hawaii After Pearl Harbor
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In 1910 a second stock dividend of 100 per cent was paid, and in 1916 a sixty per cent stock dividend. In 38 years the plantation paid its stockholders, aside from its cash disbursements, stock dividends in the proportion of 260 per cent of its original stock. Hawaiian Commercial Sugar Company, in the twenty-year period from 1913 to 1933, paid an average of sixteen per cent on declared capital, sixty-nine per cent on actual invested capital.
A missionary historian, E. Damon, somewhat naively co...ndoned the practice when he wrote in 1898, "The capi- talization of Lihue is to be increased, a necessary measure to stop the continued cries against big dividends. " "Under such disguise/' the university professor's thesis noted, "the Hawaiian industry had constantly beseeched U. S. Congress to continue protection on the grounds of the comparative non-profitability of the industry. " He went further and estimated what this protection had cost the American consumer. "In the decade following annexation, " he wrote, "the subsidy amounted to between ten and fifteen million a year.
What to read after Revolt in Paradise the Social Revolution in Hawaii After Pearl Harbor?
You can find similar books in the "Read Also" column, or choose other free books by Alexander Macdonald to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In 1910 a second stock dividend of 100 per cent was paid, and in 1916 a sixty per cent stock dividend. In 38 years the plantation paid its stockholders, aside from its cash disbursements, stock dividends in the proportion of 260 per cent of its original stock. Hawaiian Commercial Sugar Company, in the twenty-year period from 1913 to 1933, paid an average of sixteen per cent on declared capital, sixty-nine per cent on actual invested capital.
A missionary historian, E. Damon, somewhat naively co...ndoned the practice when he wrote in 1898, "The capi- talization of Lihue is to be increased, a necessary measure to stop the continued cries against big dividends. " "Under such disguise/' the university professor's thesis noted, "the Hawaiian industry had constantly beseeched U. S. Congress to continue protection on the grounds of the comparative non-profitability of the industry. " He went further and estimated what this protection had cost the American consumer. "In the decade following annexation, " he wrote, "the subsidy amounted to between ten and fifteen million a year.
What to read after Revolt in Paradise the Social Revolution in Hawaii After Pearl Harbor?
You can find similar books in the "Read Also" column, or choose other free books by Alexander Macdonald to read onlineMoreLess
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