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"We say "recession" here, not "depression", Miss Apgar."
"We say "recession" here, not "depression", Miss Apgar."

"We say "recession" here, not "depression", Miss Apgar."

Artist (American, 1900 - 1974)
Date1937
ClassificationsCartoon
Mediumcrayon
DimensionsObject: 11 1/2 × 11 3/4 in. (29.2 × 29.9 cm) Sheet: 11 1/2 × 11 3/4 in. (29.2 × 29.9 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1979.0629
"It says if we spend too much of our pay here it will upset the economy of the country."
"It says if we spend too much of our pay here it will upset the economy of the country."
Alan Dunn
1944
"I'd like you to meet Miss Tucker, who's over here on a Guggenheim, Miss Coley, who's here on a Fullbright, and Mr. Stewart, who's on his own."
"I'd like you to meet Miss Tucker, who's over here on a Guggenheim, Miss Coley, who's here on a Fullbright, and Mr. Stewart, who's on his own."
Alan Dunn
1959
"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
No caption (store window sign "Buy Now! Last Chance to Buy at Low Prices Before the Recession is Finally Over!")
No caption (store window sign "Buy Now! Last Chance to Buy at Low Prices Before the Recession is Finally Over!")
Alan Dunn
1961
"Now, lets see---recession, recedence, regression, retrogradation, subsidence..."
"Now, lets see---recession, recedence, regression, retrogradation, subsidence..."
Alan Dunn
1949
"I must report, Comrades, that there is still no sign of an American depression. I'm beginning to fear this may be part of their anti-Soviet policy."
"I must report, Comrades, that there is still no sign of an American depression. I'm beginning to fear this may be part of their anti-Soviet policy."
Alan Dunn
1949
"He pointed out how it's our depression, not just yours and mine."
"He pointed out how it's our depression, not just yours and mine."
Alan Dunn
1933
"Personally, I don't see any reason to be afraid of another depression, not with all the know-how we've got."
"Personally, I don't see any reason to be afraid of another depression, not with all the know-how we've got."
Alan Dunn
1947
"Miss Veronica Glamis - four kilowatt hours - Well, we live and learn."
"Miss Veronica Glamis - four kilowatt hours - Well, we live and learn."
Alan Dunn
1948
"We give him a key to the city, and he goes and has a duplicate made for a Miss Pomeroy."
"We give him a key to the city, and he goes and has a duplicate made for a Miss Pomeroy."
Alan Dunn
1936
"I just heard Herbert say 'Ergo'. That means if we don't do something we won't get out of here till two o'clock."
"I just heard Herbert say 'Ergo'. That means if we don't do something we won't get out of here till two o'clock."
Mary Petty
1936
"We, comma, who are gathered here in prayer, comma, thank Thee for Thy past and continued kindnesses, semicolon, we..."
"We, comma, who are gathered here in prayer, comma, thank Thee for Thy past and continued kindnesses, semicolon, we..."
Alan Dunn
1932