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“That’s all very well, old fellow, but have you ever thought where you will be if deflation comes?
“That’s all very well, old fellow, but have you ever thought where you will be if deflation comes?

“That’s all very well, old fellow, but have you ever thought where you will be if deflation comes?

Alternate Titles
  • Among “objets d’art”
Artist (American, 1900 - 1974)
Date1944
ClassificationsCartoon
Mediumink and crayon
DimensionsSheet: 16 1/2 × 13 1/2 in. (41.9 × 34.3 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1979.0943
"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
"Our patented bung - that's where Mother Nature comes in."
"Our patented bung - that's where Mother Nature comes in."
Kindl (Alan Dunn)
1931
"Have you ever thought of being thrown open to charity?"
"Have you ever thought of being thrown open to charity?"
Alan Dunn
1961
"Look, I keep telling you, nothing can go wrong. We just take the keys from the first employee to arrive. That's all there is to it."
"Look, I keep telling you, nothing can go wrong. We just take the keys from the first employee to arrive. That's all there is to it."
Alan Dunn
1955
"Why don't you lovely people come and live with us?" he says to the Marples. That's when I first discovered he was tight."
"Why don't you lovely people come and live with us?" he says to the Marples. That's when I first discovered he was tight."
Alan Dunn
1936
"Frankly, Miss Plackett, you have a slight overlapping of the lunar returns, but cheer up and this goes for all you Capricorns. You have Saturn conjunct Mercury, which deepens the mind, and you have Venus, the love planet in trine with Pluto, which really gives you the go-ahead provided, of course, the new earth satellite doesn't come along and gum things up."
"Frankly, Miss Plackett, you have a slight overlapping of the lunar returns, but cheer up and this goes for all you Capricorns. You have Saturn conjunct Mercury, which deepens the mind, and you have Venus, the love planet in trine with Pluto, which really gives you the go-ahead provided, of course, the new earth satellite doesn't come along and gum things up."
Alan Dunn
1957
"Very well, Madam, buy an all-metal if you wish, but I still picture you in a four-poster."
"Very well, Madam, buy an all-metal if you wish, but I still picture you in a four-poster."
Alan Dunn
1930
"Then the question is: Do we want a prosperity based on increased government spending or a prosperity based on cutting government expenses? That's where I begin not to follow."
"Then the question is: Do we want a prosperity based on increased government spending or a prosperity based on cutting government expenses? That's where I begin not to follow."
Alan Dunn
1964
"Coming from you that's a compliment!"
"Coming from you that's a compliment!"
Alan Dunn
1959
"That's just Mrs. Clarey from next door. She asked me if she could use our bathroom while hers is being fixed. I meant to tell you -"
"That's just Mrs. Clarey from next door. She asked me if she could use our bathroom while hers is being fixed. I meant to tell you -"
Alan Dunn
1948
"There's nothing really complicated about it: if you live in a strategic-base area you come under the supervision of the World Security Council and its military staff, where as if you live in a trusteeship area you are governed by a trusteeship council which, like the economic and social council, serves under the authority of the General Assembly."
"There's nothing really complicated about it: if you live in a strategic-base area you come under the supervision of the World Security Council and its military staff, where as if you live in a trusteeship area you are governed by a trusteeship council which, like the economic and social council, serves under the authority of the General Assembly."
Alan Dunn
1945