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"But Hubert, how will we know which is ours?", "Patience, dear, we shall plant a tree."
"But Hubert, how will we know which is ours?", "Patience, dear, we shall plant a tree."

"But Hubert, how will we know which is ours?", "Patience, dear, we shall plant a tree."

Artist (American, 1900 - 1974)
Date1926
ClassificationsCartoon
Mediumcrayon
DimensionsObject: 8 7/16 × 10 7/8 in. (21.4 × 27.7 cm) Sheet: 8 7/16 × 10 7/8 in. (21.4 × 27.7 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1979.1672
"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 see, we have to build our navy up to what the other nations said they would build theirs up to, if we built ours up."
"You see, we have to build our navy up to what the other nations said they would build theirs up to, if we built ours up."
Mary Petty
1934
"And then Tom and I had one of those 'meaninful talks' of ours - you know, about money."
"And then Tom and I had one of those 'meaninful talks' of ours - you know, about money."
Alan Dunn
1968
" - and the wonderful part of it is that now our own friends aren't deprived of knowing Baby as we know her."
" - and the wonderful part of it is that now our own friends aren't deprived of knowing Baby as we know her."
Alan Dunn
1927
“Shall we orbit?”
“Shall we orbit?”
Alan Dunn
1959
"But if we couldn't save Wanamaker's and we couldn't save 277 Park, how can we possibly save Penn Station?"
"But if we couldn't save Wanamaker's and we couldn't save 277 Park, how can we possibly save Penn Station?"
Alan Dunn
1962
"He isn't really ours. He was left on our doorstep by some passing yacht."
"He isn't really ours. He was left on our doorstep by some passing yacht."
Alan Dunn
1936
"The way I understand it, it means that now we can plant all the wheat we want."
"The way I understand it, it means that now we can plant all the wheat we want."
Alan Dunn
1963
"Oh, dear, we're just on our way out. I'm terribly sorry. I don't know any eight people we'd rather have seen."
"Oh, dear, we're just on our way out. I'm terribly sorry. I don't know any eight people we'd rather have seen."
Alan Dunn
1946
"We hope you don't mind, but we want to show our scientists back home a real earthling."
"We hope you don't mind, but we want to show our scientists back home a real earthling."
Alan Dunn
1967
"Oh, I don't know. If we didn't have crime we wouldn't have Edgar Wallace and all that."
"Oh, I don't know. If we didn't have crime we wouldn't have Edgar Wallace and all that."
Alan Dunn
1931
"Isn't this something we don't believe in?", "It's one Hell of a mess.", "Cheer up, there's a light ahead.", "Don't they know who we are?"
"Isn't this something we don't believe in?", "It's one Hell of a mess.", "Cheer up, there's a light ahead.", "Don't they know who we are?"
Alan Dunn
1960