Word: sheetings
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Dates: during 1930-1939
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TIME (March 21) contains a statement relative to efforts of Johns-Manville's Brown to clarify his company's financial statements, resulting in what TIME calls a "notable simplification of a balance sheet." [In his statement, Mr. Brown points out that the balance sheet is the statement of "what we own, what we owe and what we are worth...
According to Mr. Brown's balance sheet of December 31, 1937, "what we own" amounts to $51,281,512.56 and "what we owe" amounts to $4,845,554.69. On the basis of Mr. Brown's exposition, the company is "worth" the difference...
Reader Dohr does a notable job of muddling Lewis Brown's notable simplification. Mr. Brown is not yet far enough ahead of general accounting practice to carry his firm's stock on its balance sheet at market instead of book value. If he had followed the professor's advice he would have had to say "This is what we will be worth if the people who buy and sell in Wall Street are guessing right about our future earnings...
Republican balance sheet as of April 1 is much less impressive. The party has no leader. The only claimants to the title -Messrs. Hoover, Landon, Borah et al.- are not compelling personalities. G. O. P. had 17,000,000 votes at last count but these were able to elect only five Governors, seven Senators, 89 Congressmen. It has no patronage to speak of. In place of able Mr. Farley it has brash Mr. Hamilton, whose talents, whatever they may be, have not had a chance to develop in the atmosphere of stale controversy which has surrounded him since...
...Harvard Square is not a Square, and it is not in Harvard," asserted Bruce U. Totalizer, tip sheet operator and handicapper in the Department of Geography, to his Radcliffe class yesterday. "It begins in a night lunch and ends in a graveyard," he continued, "and there is a big hole in the middle, out of which proletariat spew...