Word: profit
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Dates: during 1930-1939
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Once last summer when businessmen were jittery over Government finances, Secretary of the Treasury Morgenthau declared that the Government's $2,800,000,000 gold "profit" realized on dollar devaluation was "under lock & key." And to end all fear of the sudden emission of $2,800,000,000 of new money, President Roosevelt called the gold profit a "nest egg to be disposed of only in the indefinite future...
...Joyce, who declared on taking office in 1930 that the "trouble [with the road] is too damn many men wearing the seats of their pants shiny." And under the hard-boiled Joyce management Great Western was one of the few U. S. roads to show a bigger profit in 1930 than 1929. But even for burly, forthright "Pat" Joyce there is a limit to the profits to be taken out of shiny pants. Last week Great Western marched into court, petitioning for a voluntary reorganization under the Bankruptcy Act. Reason: no funds to pay bond interest; no means of borrowing...
Boss of Hupp for half a year, Archie Moulton Andrews last week announced a new wrinkle in automobile merchandising, described as "an adventure in profit-spreading." The "adventure...
...company by means of this profit-spreading device can add that much money to the gross income of the people," said Promoter Andrews, "think what it will mean when the plan is adopted by a hundred other large industries. It opens a new era, new vistas of prosperity, wholly in keeping with the policies which compose the New Deal...
...Since this is true no one can dare to support the ruling class or any modification of the profit system. If you wish to be effective, ally yourselves entirely with the working class...