Word: profiteer
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Dates: during 1930-1939
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...Commission also recommended that the Interstate Commerce Commission be empowered temporarily to revise airmail rates under Postmaster General Farley's "bargain" system, pending permanent legislation. Zealous lest the New Deal's attitude toward the "profit motive" be overlooked, the President said: "I concur in this recommendation . . . provided always that the grant of this duty to the Interstate Commerce Commission be subject to provisions against unreasonable profits by any private carrier. . . . It is only fair to suggest that during this period any profits at all by such companies should be a secondary consideration. Government aid in this case...
...each of the 6,000,000 tons of steel it delivered last year U. S. Steel made an operating profit of $5.86 as against $3.25 on a production of 5,536,000 tons the year before. It was clear that Steel's management had at last got something of a grip on the expenses of its sprawling empire. What was needed now was sufficient volume to offset annual depreciation of more than $40,000,000 and other charges that last year amounted...
Bethlehem, No. 2 steel company of the land, actually reported a profit last week, $550,000 as against a deficit of $8,700,000 in 1933. Even more dependent on the moribund rail and building markets than U. S., Bethlehem was operating at 40% of capacity. President Eugene Grace, who has not earned a $1,000,000 bonus in several years, dourly remarked that he could see no reason why operations would not hold at that level for "a little while...
Last week this pioneering power company reported a profit of $2,500,000 for 1934, a slight increase over the year before. At the same time President Samuel Ferguson was elected board chairman, succeeding the late Samuel G. Dunham, the founder's brother. Upped to the presidency was Viggo E. Bird, a Danish-born engineer who has been a vice president for years...
...upon this question of profit that Right and Left divide in most nations, and Secretary Wallace and others, when they demand an alignment of New Dealers against the Old Guard, irrespective of party, screen half the truth from public view. Though it adorns its measures with a bold pretence of liberalism, the group in power seems to practice a good many fundamental tenets of reactionary taint...