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John Keith Letters page 288
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although I get a good salary my arrangement with the directors is that all except my living expenses must go to pay for my stock – the concern was started greatly in debt and has made a great deal of money but it was rated at the start to pay only 7 -- prc -- amt dividend until all the debt was paid. That 7 -- prc -- was just pays for 0 the interest on my stock as that was the rate I agreed to pay the Co. – You see I have received no benefit yet from my stock except to increased value. One year more will pay the debt that of the company-then we shall divide all we made and that will go --