DIVIDENDS
85
ought to be fully informed of the rich possibilities before them and invited to forego all dividends until these can be declared as Standard Oil dividends have always been declared—from overflowing treasuries. Money in oil ships, oil refining, and oil storage facilities will in the end return to the patient holders from twenty-two to fifty per cent per annum. When competition in transportation and refining has lowered this return, Mexican Petroleum stockholders should take their dividends. Meanwhile, the profits will be added to the value of the shares. There is only one place in the world where a gold dollar is worth and is quotable at two gold dollars, and that is in the treasury of a profitably expanding company.
