Word: profit
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Dates: during 1930-1939
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...will let banks have six-month money at 3%, provided they pass it on at 5% to NRA-ers. The 2% bank profit was expected to supply the necessary incentive. For collateral, R. F. C. will accept merchants' and manufacturers' notes on products, raw materials, plant equipment, any odds & ends not already mortgaged. The loans are to be used chiefly to finance higher payrolls until buying orders catch up with NRA wages. Such lendings will put R. F. C. into direct competition with the Federal Reserve system as a discount agency. Declared R. F. C. Chairman Jesse Jones...
...code, he blew hot words on the miners' discontent. Why was there no code yet? Because the operators were stalling for time. Why did they want time? So they could mine a surplus of coal at low wages and then shut down and sell it at a big profit when a code was forced on them.* Only a strike would break up their scheme...
...announcing that its charges for Muscle Shoals electricity would include all the regular items that any private power company has to pay. Precisely what items are included and how they were figured will not be revealed until the T. V. A.'s first report comes out, showing profit or loss. But Director Lilienthal proudly announced: ". . . The power project is designed to be strictly self-supporting and self-liquidating...
...complete set of Dickens (worth $20) for eleven, shillings plus coupons from the Herald. Flabbergasted, the other publishers called a meeting of N. P. A. Blandly Publisher Elias told them no "gift" was involved since his paper could supply the 16 volumes of Dickens and still make a profit. Not even bothering to argue, the other publishers clapped on their bowlers, marched from the meeting...
...their defender. Many a small brokerage house which has a gross business of $500,000 a year is lucky in these days to net 15% of gross for division among half a dozen or more partners. A tax of 5% of gross would take one-third of its profits. Worse off would be larger houses which do a large "wire" business (execute orders transmitted by out-of-town members, receiving only one-half of the normal commission for their services). Worse off too would be oddlot houses, who specialize in furnishing lots of less than 100 shares for small purchasers...