Midland Madness

More and more shocking to Londoners has become the uproarious conduct of stockholders at annual meetings. Perhaps the most shocking scene of all occurred last week. Sir Josiah Charles Stamp, revered as one of the greatest of British economists, finished reading his report to stockholders of the London Midland & Scottish Railway of which he is chairman. Hisses and groans greeted his statement that the road, largest of British single enterprises, had finished the worst year in its history.

"You should take a 50% reduction in salary!" cried a stockholder.

"That's not enough to buy a ham sandwich for every shareholder," retorted Sir Josiah.

For three hours the hubbub continued. Some shareholders jumped on their chairs and harangued. Conservatives shook their heads and said they had never seen such rudeness.

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