[Two ladies at tea, one wearing a hat that looks like a modern chair]

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[Two ladies at tea, one wearing a hat that looks like a modern chair]

Artist Alan Dunn (American, 1900 - 1974)

Date1950

ClassificationsCartoon

MediumCrayon and ink

DimensionsSheet: 8 x 8 1/2 in. (20.3 x 21.6 cm)

Credit LineMary Petty and Alan Dunn Bequest

Object number1979.1174

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"Somehow a frickerseed chicken in an army looks like..."

"Somehow a frickerseed chicken in an army looks like..."

Alan Dunn

1941

[Chef at typewriter while butler looks on]

[Chef at typewriter while butler looks on]

Alan Dunn

1965

"Maybe you'd like to take it outside and see how it looks in the daylight."

"Maybe you'd like to take it outside and see how it looks in the daylight."

Mary Petty

1934

"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

"Exactly! Two children by his fourth wife - one caesarian and one by elective induction - she had to make a train. I always say, if it wasn't for people like Carl there wouldn't be any exploding population."

"Exactly! Two children by his fourth wife - one caesarian and one by elective induction - she had to make a train. I always say, if it wasn't for people like Carl there wouldn't be any exploding population."

Alan Dunn

1960

[Cat in modern chair]

[Cat in modern chair]

Alan Dunn

1950

[Cat in modern chair]

[Cat in modern chair]

Alan Dunn

1950

[Cat in modern chair]

[Cat in modern chair]

Alan Dunn

1950

[Cat in modern chair]

[Cat in modern chair]

Alan Dunn

1950

[Cat in modern chair]

[Cat in modern chair]

Alan Dunn

1950

[Cat in modern chair watching insect]

[Cat in modern chair watching insect]

Alan Dunn

1950

[Cat in modern chair]

[Cat in modern chair]

Alan Dunn

1950

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