Word: profitability
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Dates: during 1930-1939
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...provision to carry over net business losses and deduct them from business profits of future years. "A business with alternating profit and loss now pays higher taxes over a period of years than does a business with stable profits although the average income of the two firms may be equal...
...Jersey's Eaton: "We ought to stand up and be counted as dignified members of this great body, and not act like a lot of scared cats. . . ." But only 35 wanted a roll-call. In secure anonymity, 237 voted Aye and 95 (who in anonymity could hope to profit nothing) voted No. Then the bill went to the Senate, which can hardly object since the House voted for more Senate clerks...
...Dear Joe. . . . Idle dollars profit no man. . . . We have mastered the technique of creating necessary credit; we have now to deal with the problem of assuring its full use. . . ." The substance of the letter was: Tell us the answers to depression...
...integrated companies (such as Standard Oil of New Jersey, Texas Corporation, Gulf Oil), this is not vital. If their refining operations show a loss, it is merely a bookkeeping matter provided that their crude oil production is efficient, shows a greater profit, for they still have net earnings. To Consolidated Oil which has to buy approximately half the crude oil it refines-and to other refiners without their own crude oil supply-the difference between the prices of crude and of gasoline is serious...
...Martin Company turned a net profit of $1,144,858. Last year it made $2,349,355 (equal to $2.15 a share) and in the first quarter of this year it made $682,496. Yet Martin has never paid a cash dividend, has ploughed back its earnings into plant expansion and reserve...