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"Well, here's another joint checking account that didn't pan out, the P.K. Twombly Manufacturing Corporation and Mrs. Twombly."
"Well, here's another joint checking account that didn't pan out, the P.K. Twombly Manufacturing Corporation and Mrs. Twombly."

"Well, here's another joint checking account that didn't pan out, the P.K. Twombly Manufacturing Corporation and Mrs. Twombly."

Artist (American, 1900 - 1974)
Date1938
ClassificationsCartoon
Mediumcrayon
DimensionsObject: 14 × 12 7/8 in. (35.6 × 32.7 cm) Sheet: 14 × 12 7/8 in. (35.6 × 32.7 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1979.0648
"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
"You fool, you! That 'delivery man' you sent to the service entrance happened to be my Uncle Garth - a member of the Union Club, the Metropolitan, the Pig and Garter, director in 32 corporations, chairman of the board of the L.W.R. and B. and Honorary Whip of the Syosset Beagles!" [Well my fine - Mr. Keeper of the portal" added in pencil.]
"You fool, you! That 'delivery man' you sent to the service entrance happened to be my Uncle Garth - a member of the Union Club, the Metropolitan, the Pig and Garter, director in 32 corporations, chairman of the board of the L.W.R. and B. and Honorary Whip of the Syosset Beagles!" [Well my fine - Mr. Keeper of the portal" added in pencil.]
Alan Dunn
1948
"...and - Oh, yes, the paymaster for the Bijou Manufacturing Corporation. He's one of my "musts"."
"...and - Oh, yes, the paymaster for the Bijou Manufacturing Corporation. He's one of my "musts"."
Alan Dunn
1935
“Here’s a bargain! It’s been run only 1200 hours by an elderly couple who didn’t know much about art.”
“Here’s a bargain! It’s been run only 1200 hours by an elderly couple who didn’t know much about art.”
Alan Dunn
1966
No caption ("Ralph Nader Ate Here" sign in fron to hamburger joint.)
No caption ("Ralph Nader Ate Here" sign in fron to hamburger joint.)
Alan Dunn
1968
"Just a minute - that isn't much fun for Mrs. Mayhew. Mr. Mayhew, will you sit over here, please?"
"Just a minute - that isn't much fun for Mrs. Mayhew. Mr. Mayhew, will you sit over here, please?"
Alan Dunn
1930
"It used to take a woman to make a home, but here in the Rodney it's all done by the Corporation."
"It used to take a woman to make a home, but here in the Rodney it's all done by the Corporation."
Alan Dunn
1932
"A Mrs. Clavicle, sounds like, wants to talk with you on the office phone. Shall I give her your private number or do you want to come down and talk with here on the office phone?"
"A Mrs. Clavicle, sounds like, wants to talk with you on the office phone. Shall I give her your private number or do you want to come down and talk with here on the office phone?"
Alan Dunn
1948
"A Mrs. Clavicle, sounds like, wants to talk with you on the office phone. Shall I give her your private number or do you want to come down and talk with here on the office phone?"
"A Mrs. Clavicle, sounds like, wants to talk with you on the office phone. Shall I give her your private number or do you want to come down and talk with here on the office phone?"
Alan Dunn
1948
"There's no time to lose, Mrs. Blount. Your nose is getting definitly out-of-doorsy."
"There's no time to lose, Mrs. Blount. Your nose is getting definitly out-of-doorsy."
Alan Dunn
1933
"Hold onto your hat! Here's where Nixon tightened the purse strings."
"Hold onto your hat! Here's where Nixon tightened the purse strings."
Alan Dunn
1968
"We're sorry, Thompson, but results haven't been what they should. Here's your pin."
"We're sorry, Thompson, but results haven't been what they should. Here's your pin."
Alan Dunn
1938