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[Firemen holding net with liniment ad written on it]
[Firemen holding net with liniment ad written on it]

[Firemen holding net with liniment ad written on it]

Artist (American, 1900 - 1974)
Date1951
ClassificationsCartoon
MediumCrayon and ink
DimensionsSheet: 15 1/16 x 8 3/16 in. (38.2 x 20.8 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1979.1962
"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
[Firemen hats checked at hotel fire]
[Firemen hats checked at hotel fire]
Alan Dunn
1946
[Firemen washing car]
[Firemen washing car]
Alan Dunn
1950
[Firemen washing car]
[Firemen washing car]
Alan Dunn
1950
[Firemen at a fork in the road]
[Firemen at a fork in the road]
Alan Dunn
1952
[Firemen at tow-away zone]
[Firemen at tow-away zone]
Alan Dunn
1967
"The union has just about agreed to a settlement on the basis of the N.L.R.B. formula, but a hitch has developed - they want us to pay for their ads in the "Times".
"The union has just about agreed to a settlement on the basis of the N.L.R.B. formula, but a hitch has developed - they want us to pay for their ads in the "Times".
Alan Dunn
1950
[World Fair pavillion, woman holding crying child by hand]
[World Fair pavillion, woman holding crying child by hand]
Alan Dunn
1964
"After tracing through this maze of holding companies, we find that Conglomerate is owned by none other than Conglomerate itself!"
"After tracing through this maze of holding companies, we find that Conglomerate is owned by none other than Conglomerate itself!"
Alan Dunn
1963
"Look here! Holding the line on prices for structural steel isn't the same thing as twenty cents for cup custard."
"Look here! Holding the line on prices for structural steel isn't the same thing as twenty cents for cup custard."
Alan Dunn
circa 1966
[Woman holding hair back to eat sandwich]
[Woman holding hair back to eat sandwich]
Alan Dunn
1949
[Automobile wreck, woman holding on to telephone receiver]
[Automobile wreck, woman holding on to telephone receiver]
Alan Dunn
1946