V. Vivaudou, Inc., reduced its dividend from .50 to .25 per share to conserve cash, in order to meet expansion in the United States and Europe. It reported earnings of $288,430 for the quarter ending on October 31, 1920. The sum translated to $4 per share prior to accounting for taxes. Victor Vivaudou pleaded guilty to smuggling before a United States federal judge in New York City, on November 1, 1920. Vivaudou and Rosa failed to declare a $10,000 necklace and a $500 diamond ring, which they purchased in France, in March 1920. Vivaudou was fined $5,000. In November 1921 the corporation reported a decline in earnings. Its gross profit of $1,153,185 was below that of the previous year's $2,031,861. Gross sales amounted to $4,100,124. V. Vivaudou, Inc., announced a 60% increase in sales in the first quarter of 1922. In August 1922 the firm stated that it had paid off the last of its bank loans and was debt free. Net profit for 1922 was $592,947, and approximately $770,000 for the first ten months of 1923. By mid 1924 V. Vivadou Inc., reported a sharp decline in profits, largely due to losses incurred by its French subsidiaries. Victor Vivaudou was ousted as president of V. Vivaudou Inc., by Jules Bache and David Schulte following disputes over conspiracy and fraudulent misrepresentation. Vadsco subsidiary By 1943 V. Vivaudou of Canada and California was a subsidiary of Vadsco Sales Corporation. Vadsco expanded during World War II through the growth of Kny-Scheerer, a subsidiary which manufactured surgical instruments. Vadsco subsidiaries also produced perfumes, talcum and other products. References V. Vivaudou Inc. V. Vivaudou Inc. V. Vivaudou, Inc.