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"Say, how do you turn that top light off?"
"Say, how do you turn that top light off?"

"Say, how do you turn that top light off?"

Artist (American, 1900 - 1974)
Date1939
ClassificationsCartoon
Mediumcrayon
DimensionsObject: 13 1/2 × 13 5/8 in. (34.3 × 34.6 cm) Sheet: 13 1/2 × 13 5/8 in. (34.3 × 34.6 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1979.0684
"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
"All right for you, if y're gonna sneak off, Wallace - I must say that's not very white of you."
"All right for you, if y're gonna sneak off, Wallace - I must say that's not very white of you."
Alan Dunn
1927
"But you said you had some on the train to unwind. Just how many times do you have to unwind?"
"But you said you had some on the train to unwind. Just how many times do you have to unwind?"
Alan Dunn
1958
"I say, don't you think we've cooled the boom off long enough?"
"I say, don't you think we've cooled the boom off long enough?"
Alan Dunn
1966
"But how do you know destroying the inner Van Allen belt will create havoc until you try it?"
"But how do you know destroying the inner Van Allen belt will create havoc until you try it?"
Alan Dunn
1962
"How do you decline an invitation to the White House when you haven't been invited?"
"How do you decline an invitation to the White House when you haven't been invited?"
Alan Dunn
c 1966
"I'm sorry, but I don't know how to turn on the gas. I'm here to stabilize the currency."
"I'm sorry, but I don't know how to turn on the gas. I'm here to stabilize the currency."
Alan Dunn
1945
"How much did you say we'd save under the new tax rate, dear?"
"How much did you say we'd save under the new tax rate, dear?"
Alan Dunn
1945
"How much did you say we'd save under the new tax rate, dear?"
"How much did you say we'd save under the new tax rate, dear?"
Alan Dunn
1945
"Say, buddy, you don't intend to park here, do you?"
"Say, buddy, you don't intend to park here, do you?"
Alan Dunn
1927
"Darling, the Prefab Homes man was just here and he wants us to turn this in for a 1937 model. He says he'll allow us $1200."
"Darling, the Prefab Homes man was just here and he wants us to turn this in for a 1937 model. He says he'll allow us $1200."
Alan Dunn
1937
"Now how do you suppose that ever slipped by the International Ice Patrol?"
"Now how do you suppose that ever slipped by the International Ice Patrol?"
Alan Dunn
1936