Word: profiteer
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Dates: during 1920-1929
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According to the best figures now available, say the operators, 54 cents is the average margin between cost and realization per ton. Out of this 54 cents must be paid trade discounts and taxes, which reduces the average profit to not more than 35 or 40 cents...
...case of organized labor, presented on this page three weeks ago, involved the allegation that the operators were getting an average profit of $1.60 a ton, and that a reasonable return on invested capital could be made with a profit of only 28 cents...
...follow the will o' the wisp of the dollar, according to Mr. Gay, leads the business man into a bog of profit and loss and his career sinks to a job. The engineer, as Colonel Wilgus explained, who thinks only in terms of girders and logarithms becomes a salaried adviser; the one who sees his building as a part of a city's progress becomes a leader. Emerson was speaking for this broader vision when he said that it was a fatal tendency of society to disintegrate into men in cubby-holes, each seeing the world through the narrow opening...
There is one further profit to be had from this scheme. The tutor theoretically, is the one agent in the educational outfit who can, through his personal contact encourage interest in the better sort of scholarship and eventually lessen the false emphasis on marks. At present, that power remains mere theory. In our machine, the tutor is simply an accessory; the lecture system, with frequent examinations, is the framework, to which he has to attach himself as best be may. In England, on the contrary, he is one of the drive-wheels, the only person to whom the student...
...Harvey Robinson, author of The Mind in the Making: "What do we do in school to help a child to understand himself and his fellowmen in the light of modern psychological discoveries? Of religion and family life nothing critcal must be said. Nor can any fair discussion of the profit system be encouraged for fear of a suspicion of socialistic leanings...