Word: grossness
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Dates: during 1930-1939
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Five years ago smart, eccentric Irving Salomon, president of Michigan City, Ind.'s Royal Metal Manufacturing Co., looked at his annual business (manufacturing chrome-plated metal tubular furniture) and found it about right: $100,000 profit on $1,500,000 gross. He decided to hold it right there, to take no business over that amount, never to be lured into the risks and discomforts of expansion. Through Depression II there were no layoffs at his $580,000 plant. And every year since 1934 Royal's net has just topped...
...have lugged machinery and prospectors, food and engineers into the vast country north of Canada's twin transcontinental railroads. But Canadian airmen have had no counterpart in Canadian airplanes. During World War I Canada built 2,500 warplanes, but last year she built only 282 machines for a gross of $4,001,622, most of them U. S. models built under license (Lockheeds, Grummans, Piper Cubs). Next year it may be different...
...Plan. Its proposals: Let holders of 7% preferred agree to exchange up to two-thirds of the total shares held for a $4.50 prior preferred; let the new shares have preference over the old in future dividends but no rights to accrued dividends. This arrangement would cut gross preferred dividend requirements from $6,300,000 to $4,800,000 and lop off two-thirds of the accrued dividend bill (saving well over...
...wherein no U. S. ship may deliver goods of any sort on penalty of $50,000 fine, five years in prison or both (see map). Through these forbidden seas lay the eight trade routes of 92 U. S. ships, with a Government investment of $195,061,000, an annual gross revenue of $52,500,000. There was plenty of open water elsewhere-notably around South America-but hardly a drop the shipping men could drink...
Publisher Robert Lee Vann had just left the University of Pittsburgh with a law degree when he founded the Courier in 1910. Today he is a power in Pennsylvania politics, keeps a handsome home in Oakmont, Pittsburgh suburb. Gross income of the Courier in 1938 was over $500,000. Something like $40,000 of that went to Publisher Vann as profit...