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"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."

"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."

Artist (American, 1899 - 1976)
Date1934
ClassificationsCartoon
Mediumink crayon
DimensionsObject: 12 3/16 × 11 13/16 in. (31 × 30 cm) Sheet: 14 × 12 15/16 in. (35.6 × 32.8 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1986.224
"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
"Sure I can give you examples. One, our new proton synchrontron is bigger thant theirs, two our ballistic missile program is ahead of theirs; and three, we have better mail service."
"Sure I can give you examples. One, our new proton synchrontron is bigger thant theirs, two our ballistic missile program is ahead of theirs; and three, we have better mail service."
Alan Dunn
1957
"So nice to see you Alicia. I've had you on my bring-up file all spring."
"So nice to see you Alicia. I've had you on my bring-up file all spring."
Mary Petty
1939
"Try to build a house like that for thirty thousand today and see how far you get!"
"Try to build a house like that for thirty thousand today and see how far you get!"
Alan Dunn
1947
"The guerilla activities near Nestoria have been suppressed with thirty million dollars in Greek aid, including tractors, other farm machinery, and a large shipment of road building equipment. The Communist inspired agitation in central Italy is being countered vigorously by the distribution of machine tools and twenty thousand long tons of cereals, mostly wheat. In Germany, we are bringing up foodstuffs..."
"The guerilla activities near Nestoria have been suppressed with thirty million dollars in Greek aid, including tractors, other farm machinery, and a large shipment of road building equipment. The Communist inspired agitation in central Italy is being countered vigorously by the distribution of machine tools and twenty thousand long tons of cereals, mostly wheat. In Germany, we are bringing up foodstuffs..."
Alan Dunn
1948
"If the dress is too sombre, we can pep it up with a clerical bib."
"If the dress is too sombre, we can pep it up with a clerical bib."
Mary Petty
1934
“I’ll show you how we spend our time,” said the homicide investigator, fingering a stack of cards with photos of wanted people. “What we do is mostly paper work. We show the photos in the neighborhood and hope someone will put the finger on a suspect.”
“I’ll show you how we spend our time,” said the homicide investigator, fingering a stack of cards with photos of wanted people. “What we do is mostly paper work. We show the photos in the neighborhood and hope someone will put the finger on a suspect.”
Leonard Freed
1976
"It's a book on etiquette.", "You might look up what people of our position do [pub - "about spaghetti"] in case of fire."
"It's a book on etiquette.", "You might look up what people of our position do [pub - "about spaghetti"] in case of fire."
Alan Dunn
1928
"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."
Alan Dunn
1926
"Have you heard of our Pen-of-the-Month Club? Every month we send you our judges choice of the latest ball-point pens."
"Have you heard of our Pen-of-the-Month Club? Every month we send you our judges choice of the latest ball-point pens."
Alan Dunn
1946
"Saw you light from the park and came up, kids - We were afraid you'd go to too much trouble if we telephoned we were coming -"
"Saw you light from the park and came up, kids - We were afraid you'd go to too much trouble if we telephoned we were coming -"
Alan Dunn
1948
"Men, we're all a part of the greatest amphibious operation in history, and, believe me, this is a scene we here topside will never forget. I wish you fellows could see it - the sky dark with planes, our planes, and the water dotted to the horizon with craft of every description..."
"Men, we're all a part of the greatest amphibious operation in history, and, believe me, this is a scene we here topside will never forget. I wish you fellows could see it - the sky dark with planes, our planes, and the water dotted to the horizon with craft of every description..."
Alan Dunn
1944