Word: profit
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Dates: during 1930-1939
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...Protestant lawyer and one-time iron molder, Mayor McGeer's pet plan for Vancouver is to push it into bankruptcy to reduce interest charges. Says he: "People think they can climb into Heaven with a Bible in one hand and a foreclosure in the other. .. . The boys who profit out of a Depression are the gang who are pleased to call themselves financiers. . . . The wages of money have risen while the wages of men have gone down...
...figures soon after he debarked from the Enropa in Manhattan. Presumably the partners of Anderson, Clayton & Co. were pleased because a big crop means more cotton to handle. In the seven seasons through 1935 the firm sold more than $1,000,000,000 worth of cotton, yet its total profit was only $13,000,000. Testifying before a Senate committee Will Clayton declared: "We made those profits, by the way, at least half of them, as the result of the Government cotton policy." Mr. Clayton was referring to Herbert Hoover's Farm Board, not to the New Deal...
...Manhattan last week Inventor Longoria turned up with a photostatic copy of a check for $800,000, allowed newshawks to get the impression that his welding was done by means of an "invisible ray," that the total profit from his invention would run to $6,000,000. He admitted that the process had been developed for use on fine wires, but felt it could be extended to handle much heavier work and exhibited pieces of welded metal ⅜ in. thick...
...more meaning than the count of the white cells in their blood stream, or the specific gravity of their urine. Nonetheless the numbers indicating specific gravity, blood count or blood pressure do fascinate many people, as a shrewd amusement park concessionaire named Barnet Males has discovered to his own profit...
...with earlier history, notably the methods by which a young lawyer from Baltimore had acquired, with virtually no investment on his part, a handful of broken-down trusts early in Depression. Putting them together as Equity Corp., he sold out to Mr. Milton in 1932 at a profit of $750,000. This promoter was Wallace Groves, now in possession of Phoenix Securities Corp., which rose appropriately from the ashes of still another trust. Truster Groves's method was to use one trust to buy another, but his deals were so involved that one of his directors once felt impelled...