Word: profit
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Dates: during 1930-1939
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...Bidding against Thomas Cochran of J. P. Morgan & Co., Clarence Dillon formed a syndicate of several hundred individuals and banks, bought Dodge from the Dodge heirs for $146,000,000, the largest cash transaction in Wall Street history. In 1928, three years later, having operated Dodge at a profit of $40,000,000, the Dillon, Read Syndicate sold Dodge to Chrysler for the equivalent of $170,000,000 in Chrysler stocks. - ED. Piggish Kingfish Sirs: . . . TIME'S account of the Kingfish's washroom fiasco, not so clearly worded as most TIME articles, nevertheless left little room for doubt...
...cringing into view, Premier Sulimov roared, "Do you call this soap?" and hurled the handful on the floor. His preliminary investigation showed that the stuff had been made from garbage, that several manufacturing and distributing officials had diverted the fats assigned for Soviet soap, sold them for their own profit...
...startling success has been Attorney General Cummings' gold hunt to date. After starting out last June to recover "$500,000,000 of gold in hoarding," he admitted fortnight ago that he had located but $39,000,000. Yet sternly intent remains the President that gold hoarders shall not profit like gold miners by selling their gold abroad. Many a gold hoarder grumbled bitterly last week, demanding why he should be threatened with ten years in jail for having bought gold whereas if he had bought a gold mine the President would have handed him permission for a handsome profit...
...operating profit is handsome but it is wholly inadequate for Armour & Co. In the post-War slump when J. Ogden Armour lost his fortune, Armour & Co. took a terrific beating, emerged from reorganization with a debt of $144.000,000. Its funded debt is still $91,000,000. T. G. Lee could do this simple bit of arithmetic: add to $6,000,000 (interest charges), $4,000.000 (guaranteed dividends on the preferred stock of its subsidiary, Armour & Co. of Delaware) and $7,000,000 or $8,000,000 (for deprecia- tion) and the total makes over $17,000,000 that Armour...
...wanted to go into business for myself. I wanted to be my own boss and make millions." When Motorman Dodge died, Cromwell organized a company to finance retail sales of Dodge automobiles. The company had a turnover of $30,000,000 in three years, was sold at a profit after James Cromwell persuaded the widows of the two Dodge brothers to dispose of the automobile company to Chrysler for $160,000,000-biggest cash sale in Wall Street history. "I was only 27 years old. I was as conceited as Alexander and, like him, craved new worlds to conquer...