Word: profit
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Dates: during 1930-1939
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...hermits." Initiation fees were $3 a head, dues 10? a month. As the "pilgrim" progressed through the four cycles, he was given short lectures and allegorical pantomimes on economics. Each ''hermit" had to sign a form letter to President Roosevelt advocating production for use instead of profit and bring two new converts into the order. In the West and Midwest the Utopian Society claims 600,000 members, all of whom want to do away with money and use "purchasing certificates." According to Utopians, everyone can be kept busy all the time making goods for one another...
...dues but he indignantly repudiated the idea that his plan was a racket. Said he: "I'd be ashamed of a racket that didn't pay any better than this. We get only a bare living. We all sacrifice something to serve. Being opposed to the profit system, we couldn't very well exist for the purpose of making a profit, could we? True, our revenue is considerable, but...the administration expense is heavy...
...honest, earnest men and not politicians....I would urge your continued co-operation with these men...." Espousing New Deal economics, the man who threw a scare into big tobaccomen two years ago with the 10? package,* continued: "The farming classes have been let down by too much profit-taking by industrialists. It is no wonder that the game has been broken up. There has been too much takeout. The country cannot have prosperity unless the producing class gets enough to buy back the products of its labor...
Since the receivership Vice President Hoffman has sold 83,000 cars turned out by Vice President Vance. Though sales so far this year are up 38%, Studebaker, like most independents, is still losing money. Despite a modest profit in the June quarter, nine-month figures showed a total of $666,600 in red. But there has never been any doubt that Messrs. Vance, Hoffman & Bean would eventually work out a reorganization...
...White House. In a 400-page survey of the cost of power distribution, it declared that the average domestic rate of 6? per kilowatt hour in New York, New Jersey, Pennsylvania and New England could be cut to 3½? and still leave the private utilities a "fair" profit. By certain accounting formulas which left utility operators blinking in amazement, Mr. Walsh calculated that development of the St. Lawrence Waterway power would save consumers in those States no less than $194,000,000 annually...