FINDING SOME CAPITAL.

Maoriland Worker, Volume 2, Issue 64, 31 May 1912, Page 4

FINDING SOME CAPITAL.

lleutcr's, who supply tho world with tele-rams, have just Lad their annual meeting. In London, of course. A dividend or -s. per share, or 5 per cent., wm declared. Only 5 per cent. Then after this attempt to roiglead the gen-

oral public, a bonus of Bs. per share was given, making the dividend 15 per cent., equal to the return of all the capital every seven years. But we aro then told that a month before this over_y one with an £8 share had it exchanged for a £10 share. Thus, a man with £80 who receives £12 interest at 15 per cent., will receive £15 on tho £'100 share, getting his capital back every 5 l-3rd years. As the original capital was £95,000, and the reserve stands at £133,000, we can see that the persons who found the capital have had it all returned three or four times. Yet, though they had it back several time* over, they still havo it invested, and could sell their shares in the open market for afc least four times- what they gave for them. Try and fancy a workma v getting paid ten times over for his work and then being able to have a steady increase on his wages (dividends), the increase growing bigger as tho time passed on since he did any work. What would yon do with the idler •under Socialierri 3 and what do you do with him now? Tho workers oxploited by a telegraph agency will probably look down on mere manual workers, but the idle shareholder does not care whether ho exploits brains or muscle. Ho gets there every time. Ewn brain workers might remember tho Socialist motto: "Workere. unite.."