Word: profiteer
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Dates: during 1920-1929
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...wealthy sportsman, to whom money was no object, to race his horses against the average breeder who had his living to make in the racing business. Thus, though he spent millions on trotting horses, from them Mr. Billings never realized, nor tried to realize, a penny of profit...
...interviewer last week asked Dr. McBride if he thought it would be fitting for the Hoover commission to investigate the Anti-Saloon's treasure chest to see to what extent the League is financed by persons who profit from Prohibition. Dr. McBride replied: "The commission will have matters of more importance than that to attend to. ... But we are not afraid of investigation of our donations...
...houses condemned for the memorial road belonged to a Nanking university professor. Four times he went to the municipal offices, spent $1.80 on ricksha fares. On the fourth trip he received a warrant for the value of his house - total $1.90. The professor donated the 10? profit to the Dr. Sun Yat-sen memorial fund...
...when he comes to sell his books in the Spring the return seems to bear little relation to the remarkable outlay required of him in September. The reason of course is clear enough, the cost of handling and storage are so great that in order to make a fair profit the dealers in such literature have to pocket about twenty percent of the list price...
...Fallon case was loosely called "the greatest law suit in history" because: rail rates are fixed by the I. C. C. to allow the carriers a profit. The amount of profit depends on valuation. For 15 years the I.C. C. has been tentatively valuing U. S. rail properties. I. C. C. valuations have generally been on the principle of original costs, plus improvements, less depreciation. The carriers have contended for valuations on the basis of reproduction at present price levels ("current reproduction value"), less depreciation. In 1920 the I. C. C. valued U. S. railroads at approximately 19 billion dollars...