Word: profit
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Dates: during 1930-1939
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...corruptly and unlawfully" received $4,500 from his onetime law partner, Albert L. Rankin. Champerty, it was explained for the benefit of nonlawyer Senators, is a proceeding whereby a person having no legitimate interest in a law suit abets it with money or services in the hope of profit. Judge Ritter. the House managers asserted, had connived with his onetime partner and others to throw Whitehall, a Palm Beach hotel, into receivership, had thereupon granted Lawyer Rankin an exorbitant fee of $75,000, got $4,500 of it for himself...
Since REA provides for no yardstick competition and many a utility company should profit by the sale of additional electricity in districts where it does not now care to risk its own money on transmission lines, power companies raised little objection to the Norris bill. Only serious kick last week came from New York's Representative James Wolcott Wadsworth Jr., who feared that by lending 100% of the cost of such projects the U. S. would risk a lot more money than it would ever get back. Said this onetime Senator scathingly: "I predict that...
...Political life is no longer a struggle of parties over programs in national interests. With rare exceptions it is a melee of individuals grouped for profit around the so-called leaders, actuated solely by the fear of ignorant followers...
...John Thompson Dorrance put soup into a can. For years & years Campbell Soup Co. made virtually all the canned soup sold in the U. S. During Depression, inspired perhaps by repeated press references to the $150,000,000 Dorrance soup estate, other soup-makers belatedly caught on to the profit possibilities of soup...
...first time last week. Phillips' income statements clearly registered the rise of 5? soups in the past two years. Sales climbed from $5,800,000 in 1933 to more than $9,000,000 in 1935. But Colonel Phillips was not able to convert much of that gain into profits. They rose only about $123,000 above the $605,000 reported in 1933. Gross margin of profit increased, but overhead and selling expenses nearly doubled, presumably because of 5? soups...