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"Of course at that price we can only sell one to a customer."
"Of course at that price we can only sell one to a customer."

"Of course at that price we can only sell one to a customer."

Artist (American, 1900 - 1974)
Date1933
ClassificationsCartoon
Mediumcrayon
DimensionsObject: 14 × 13 1/8 in. (35.6 × 33.3 cm) Sheet: 14 × 13 1/8 in. (35.6 × 33.3 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1979.0550
"Now look - International has a net quick of $15 per share. Its market price is $10, book is $36.65. Our net quick is $8; our book is$22, and at market we are selling for $25. So to start with we offer them one share of ours for two of theirs. That's five bucks premium. Can they turn it down? So they turn it down. Then we say, O.K., we'll buy the assets. We'll give you $1 million for your plant, which stands at $3,900,000 net. That wipes out all the water, gives them a fine tax carry-back. Then we give them 80 per cent of net inventory and accounts receivable - that's another $4 million. Another nice tax loss for them. So we pay 'em $5 million. There's nothing complicated about this except - say, where do we get the turn-around money"
"Now look - International has a net quick of $15 per share. Its market price is $10, book is $36.65. Our net quick is $8; our book is$22, and at market we are selling for $25. So to start with we offer them one share of ours for two of theirs. That's five bucks premium. Can they turn it down? So they turn it down. Then we say, O.K., we'll buy the assets. We'll give you $1 million for your plant, which stands at $3,900,000 net. That wipes out all the water, gives them a fine tax carry-back. Then we give them 80 per cent of net inventory and accounts receivable - that's another $4 million. Another nice tax loss for them. So we pay 'em $5 million. There's nothing complicated about this except - say, where do we get the turn-around money"
Alan Dunn
1954
"Can I take the course in Conversational French without the grammer? It's only for Quebec."
"Can I take the course in Conversational French without the grammer? It's only for Quebec."
Alan Dunn
1938
"Incredible as it may seem to those of us who live in the world of anti-matter, a mirror image exists - the reverso of ourselves - which we can only call the world of matter."
"Incredible as it may seem to those of us who live in the world of anti-matter, a mirror image exists - the reverso of ourselves - which we can only call the world of matter."
Alan Dunn
c 1965
"Now if we can only get Ben Bernie it'll be perfect."
"Now if we can only get Ben Bernie it'll be perfect."
Alan Dunn
1927
"Here's the one - The Coming Armageddon - I wrote it four years ago - I remember I delivered it on a day that rained and only three people came. Why don't I change the wording a bit substituting 'atomic might' for 'military might' and let it solve my problem for next Sunday? After all, Dr. Blahr does it all the time - suppose I just read it to you - you can go right on sewing..."
"Here's the one - The Coming Armageddon - I wrote it four years ago - I remember I delivered it on a day that rained and only three people came. Why don't I change the wording a bit substituting 'atomic might' for 'military might' and let it solve my problem for next Sunday? After all, Dr. Blahr does it all the time - suppose I just read it to you - you can go right on sewing..."
Alan Dunn
1948
"He's a pretty f[s]ly customer, chief - no obvious tieups with any of the Communist front organizations - but we finally hung it on him. From November, 1944, until April, 1946, he was in the State Department."
"He's a pretty f[s]ly customer, chief - no obvious tieups with any of the Communist front organizations - but we finally hung it on him. From November, 1944, until April, 1946, he was in the State Department."
Alan Dunn
1950
"Sure I can give you examples. One, our new proton synchrontron is bigger thant theirs, two our ballistic missile program is ahead of theirs; and three, we have better mail service."
"Sure I can give you examples. One, our new proton synchrontron is bigger thant theirs, two our ballistic missile program is ahead of theirs; and three, we have better mail service."
Alan Dunn
1957
"And, of course, easy time payments can be arranged through our finance company."
"And, of course, easy time payments can be arranged through our finance company."
Alan Dunn
1942
"Doctor, he took one of those ten-day total -immersion courses in Italian, and now he can't speak English!"
"Doctor, he took one of those ten-day total -immersion courses in Italian, and now he can't speak English!"
Alan Dunn
1968
"But if we couldn't save Wanamaker's and we couldn't save 277 Park, how can we possibly save Penn Station?"
"But if we couldn't save Wanamaker's and we couldn't save 277 Park, how can we possibly save Penn Station?"
Alan Dunn
1962
"Now for the acid test - does it sell more Fruit Crush?"
"Now for the acid test - does it sell more Fruit Crush?"
Alan Dunn
1945
"It ought to be pretty good tea - they sell books."
"It ought to be pretty good tea - they sell books."
Alan Dunn
1930