Word: profitability
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Dates: during 1930-1939
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Undaunted, Gadfly Stokes offered himself as a Labor candidate for the House of Commons in his traditionally Conservative district, talked persuasively about how Britain could rearm not only on a "no profit and no loss" basis, but even without incurring any further interest-bearing public debt, for the Government, explained Candidate Stokes, could simply issue "interest-free money." Ipswich thought so well of all this that she sent her Gadfly to the House of Commons with a landslide majority in February...
Three years ago Mr. Stokes, who is Managing Director of the excavating equipment makers, Ransomes & Rapier Ltd., declared: "The manufacture of shells for profit is revolting!" He offered to start making shells on a basis of "no profit and no loss" and shareholders of Ransomes & Rapier voted unanimous approval, but His Majesty's Government preferred to do business with armorers who figure on making profits, take their own risks of losses...
...milk is set by the cost of home delivery. If home delivery were eliminated milk could be retailed in stores at 2? to 4? less than at present. Milk at 9? or 10? a quart would be possible, and at this price consumption would increase, much to farmers' profit, for the dairies pay most for milk that is sold in fluid form (i.e., not manufactured into butter, cheese, etc.). FORTUNE explains the conspiracy of circumstances which has prevented this simple solution, has continued to keep the price of fluid milk at uneconomic levels...
...would close on October 29-thirty-four days ahead of schedule. This decision was the more remarkable since the Exposition's attendance was just reaching new highs for the year. But Exposition officials, foreseeing November rains, feared a late-fall attendance drop, decided there would be more profit in packing two months' business into one. Last week they were getting ready to raze the topless towers of Treasure Island, to liquidate the Exposition that does not have to run a second year to save its face or its bondholders (of whom it has none...
President Conant points out that clear thinking is not promoted by hysterical inhibitions against the thought of war. Behind the British navy we feel secure from material attack, but only when the Nazi gangsters are checked without profit, can we lay the menace of their poisonous ideology. Meanwhile the rising generation gives scant evidence of readiness to assume America's fair share in the defense of our civilization. Even those exposed to education incline to turn from the leadership appearing in the university world and take up the chant of the politicians: Be selfish. Be short sighted. Be cowardly...