Word: profit
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Dates: during 1930-1939
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Hard times reacted last week to the peculiar benefit of the Treasury Departmen and thereby to the indirect benefit of every U. S. citizen. It was possible for Secretary Mellon to execute a major refunding maneuver with exceptional profit. He offered for public subscription a $325,000,000 issue of one-year Treasury certificates. Because of "easy money" resulting from the plenitude of investment capital, he set the interest rate at 2⅜ %-a record low. In June 1929, he had had to pay as high as 5⅛% for his public borrowings. The previous record low rate...
Thus, if the revenue of the Crown lands be regarded as "really" the property of the King-Emperor, he and his family cost the Nation nothing, may reiurn a handsome profit of more than 50% per annum. But if the people think that they "really"' own the Crown lands, then British Royalty are a luxury 28 times as costly as the President of the U. S. Distinct from all these calculations are the "private fortunes" and incomes therefrom of President Hoover and George V, both millionaires...
...keep in mind that you have here in Cambridge opportunities never dreamed of by the generations gone by, that at your very doors are provided the best in every field, and that the extent to which you profit by their use will in some measure repay your obligation to those who gave you the chance to come here...
...them distinguished doctors from all over the world who come to learn his method of attacking the unconscious by the free association method. He has never taken money from his pupils. What he earns from his books, he turns over to the International Psychoanalytic Publishing Co., a non-profit organization for printing psychoanalytic books. His spare time is spent on a revision of his work in dreams. Anna, his daughter, is his best student, his most loyal supporter. She acts as his interpreter to the world. During his lifetime he has shunned publicity, has had few interviews with the press...
...pardoned, however, for the deftness of its execution. It is machine-made biography, but Ludwig is a facile mechanic, and only errs badly in poetizing, when he seems to write faster than he thinks. Except for the overripe interpretive verbiage, the volume can be read with pleasure and profit by all but exacting and critical students of literature...