Scope and Content
Letter to Andrew Rocca from Joseph DeForest regarding issues with paying out dividends to the Western Mercury Co.'s stockholders. DeForest writes that companies are allowed to take excess profit and create dividends from it, but that mining income is considered net earnings in California, and that creating dividends from net earnings could lead to federal issues when paying income taxes the next year. DeForest does not make a recommendation, simply appraising Rocca of the situation.Name/Title
Unknown