Word: profitability
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Dates: during 1930-1939
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...philosophy which would degrade man to the position of a soulless pawn in a sordid game of power and prestige, or would seek to banish him from membership in the human family; ... he opposes any social philosophy which would regard man as a mere chattel in commercial competition for profit, or would set him at the throat of his fellows in a blind, brutish class struggle for existence...
Albert Gallatin was Secretary of the Treasury under Jefferson and Madison; he was also "the father of American ethnology" and originator of the world's first systematic plan of profit-sharing, introduced in his Pennsylvania glass works in 1794. His idea was so simple in theory that it became a catchword of capitalism but it is so complex in practice that few companies have tried it. Last week a Senate committee started to find out why this is so and what, if anything, should be done about it. At least it should provide a neat display of benign capitalism...
...committee knew of only 167 U. S. profit-sharing plans, but after a summer of study, it now believes there are as many as 700. First profit-sharer to appear last week was President Richard R. Deupree of Procter & Gamble Co. (Ivory Soap). As he took the stand the survey's director set the tenor for the meeting by remarking: "This is not an inquisition, Mr. Deupree. We are glad to have you come to help...
...YORK--Encouraging business news failed to aid the stock market today prices slipping irregularly lower on profit-taking in a dull session...
...economic policy commission, which includes such famed bankers as A. P. Giannini, Winthrop Aldrich and Leonard P. Ayres. Acknowledging that "this present business upturn clearly appears to mark the beginning of a new business cycle," the report offered a gloomy pronouncement that "banks in general may not derive profit from this business expansion, even if it continues with unabated vigor throughout next year. . . ." U. S. banking at present is like the hungry mouse which drowned in cream...