This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1893 Excerpt: ...$3.72 upon each $100 of capital; while for the twenty-seven years which followed the imposition of the bank tax the average semiannual rate was $2.96 per hundred. Taking the whole period of thirty-two years together, the semiannual average was about 3.1 per cent. Assuming that the dividends paid in the first half of these years did not differ materially from those paid in the-lasthalf, the average annual dividends on capital were, for the first five years 7.44 per cent, for the succeeding twenty-seven years 5.93 per cent, and for the whole period 6.17 per cent, or at the rate of about 6? per cent per annum for the whole period. The average annual ratio of dividends to capital of the national banks of Massachusetts from 1870 to 1876 was 9.6 per cent, and the ratio of dividends to...

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