Word: profiteer
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Dates: during 1920-1929
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...notable instance being last year when, frustrated in his Mississippi-to-Atlantic "fifth trunk system," he suddenly and to the vexation of the New York Central, B. & 0. and Van Sweringen group sold the D. & H. interest in the Lehigh Valley and the Wabash to the Pennsylvania at a profit of some...
...strategy, for in it Field Marshal Simmons secured a vantage point that secured his main line of communications. He proposed that either the minority or the majority of the finance committee should have authority to call upon the Treasury Department for tax reports of corporations to show how much profit they have been making under the present law. The Democrats rushed forward in a body, the Republican irregulars following on their heels. Against them only the stoutest Republicans rushed in. The consumer-tariff forces seized Tax Reports Village by 51 votes to 27. With their communication road thus opened, prompt...
...used the money to pay to other banks money which his Bank of Telluride owed them. He had robbed Peter (the six Manhattan banks) to pay Paul (three banks which were creditors of his bank).* Thus Waggoner had apparently not engineered his scheme for any personal profit, but had sacrificed himself for his bank, which for a long time had been faced with dwindling deposits and threatened collapse. The Bank of Telluride was gainer by almost a halfmillion; the six Manhattan banks were losers by a halfmillion...
When peoples war, corporations profit. When corporations war, the People profit...
...result has been that in the last eight years Squibb's net profit has multiplied seven times in spite of expenditures of $14,000,000 for research. Sales last year were over $13,000,000, net profit $1,368,300. Squibb customers number some 700 physicians' supply houses and wholesalers, 700 boards of health, 1,300 medical clinics, 5,000 hospitals, 27,000 retail druggists...