Word: profit
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Dates: during 1930-1939
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When the dollar was devalued last January, a $2,800,000,000 "profit" from gold was left in the U. S. Treasury. Later Congress gave the Secretary of the Treasury $2,000,000,000 of that profit to use as he saw fit in stabilization of dollar exchange. Promptly he told the Press that he would never say a word about the operations of the fund. The "gold increment" of devaluation remained as such on the Treasury's balance sheets until last week, when $2,000,000,000 suddenly dropped out of that figure and a new item cropped...
...country. Therefore, as if to wither them with one last blast and put the control bill over the Congressional hump, he flung out to the Press what the New York Times called "an armful of raw and bleeding figures." The figures were an unanalyzed summary of brokers' profits since 1927. Counsel Pecora knows how to give a sinister twist to any stated sum, particularly if it runs into nine or ten figures, and this time in blackest headlines he declared that New York Stock Exchange firms and members operating as individuals had made $906,000,000-"despite Depression...
...brokerage firms but the total volume of business in the five years and eight months was approximately $292,000,000,000-a figure not far from the total national wealth. On this great turnover brokers' profits amounted to approximately three-tenths of 1%. Mr. Pecora also failed to mention the fact that State and Federal transfer taxes during the period yielded more than $360,000,000, an amount equal to about 40% of brokers' total profits. Boiling mad at Mr. Pecora's tactics, President Richard Whitney of the New York Stock Exchange roundly damned the report...
...DREAMER-Julian Green-Harper ($2.50). Another depressing, well-written psychological novel by a morbid author of the introspective school. FIVE SILVER DAUGHTERS-Louis Golding-Farrar & Rinehart ($2.50). What the profit and loss of war and marriage did to five sisters; a post-War novel on a big scale. SUPERSTITION CORNER-Sheila Kaye-Smith-Harper ($2.50). Adventures of a Roman Catholic heroine under Protestant Queen Bess; by the author of Joanna Godden. MARIA PALUNA-Blair Niles-Longmans, Green ($2.50). Latin-American historical romance (Guatemala) treated in the grand manner. JONAH'S GOURD VINE-Zora Neale Hurston-Lippincott ($2). Negro novel...
...often their compatriots as their enemies. That does not matter. The important point is that every time a burst shell fragment finds its way into the brain, the heart, or the intestines of a man in the front line, a great part of the $25,000, much of it profit, finds its way into the pocket of the armament maker...