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"He figures that if he doen't pay the sales tax it'll save us book- keeping because he's on the dole and he'll just get it right back."
"He figures that if he doen't pay the sales tax it'll save us book- keeping because he's on the dole and he'll just get it right back."

"He figures that if he doen't pay the sales tax it'll save us book- keeping because he's on the dole and he'll just get it right back."

Artist (American, 1899 - 1976)
Date1935
ClassificationsCartoon
Mediumink crayon
DimensionsObject: 10 5/8 × 11 1/16 in. (27 × 28.1 cm) Sheet: 10 5/8 × 11 1/16 in. (27 × 28.1 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1986.258
"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 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
"He's Harvard summa cum laude, of course. He has that to fight."
"He's Harvard summa cum laude, of course. He has that to fight."
Mary Petty
1938
"He says to keep your shirt on. He's trying to get back from the Chicago Fair."
"He says to keep your shirt on. He's trying to get back from the Chicago Fair."
Alan Dunn
1934
"He'll be right up, sir. He's looking for a place to park."
"He'll be right up, sir. He's looking for a place to park."
Alan Dunn
1939
"He was all right when he first went to work, but he failed because he imagined himself bigger than the "Louise"."
"He was all right when he first went to work, but he failed because he imagined himself bigger than the "Louise"."
Alan Dunn
1932
"Oh, he's a very good obstetrician-except for his habit of shouting 'Presto'!"
"Oh, he's a very good obstetrician-except for his habit of shouting 'Presto'!"
Mary Petty
1933
"You should see Henry Atherton. He's acquired the most heavenly second teeth during the summer!"
"You should see Henry Atherton. He's acquired the most heavenly second teeth during the summer!"
Mary Petty
1933
"I don't know whether this has any bearing on the case, Doctor, but he's allergic to Philadelphia scrapple."
"I don't know whether this has any bearing on the case, Doctor, but he's allergic to Philadelphia scrapple."
Mary Petty
1937
"Everything considered he preaches a remarkably good sermon. It's so hard to avoid offending people like us."
"Everything considered he preaches a remarkably good sermon. It's so hard to avoid offending people like us."
Mary Petty
1934
"We're not to wait. He's just had a meat-and-potatoes conference with some nuts-and-bolts people, and he's in no mood for dinner."
"We're not to wait. He's just had a meat-and-potatoes conference with some nuts-and-bolts people, and he's in no mood for dinner."
Alan Dunn
1969
"Oh, let him stay! He's a piece of furniture."
"Oh, let him stay! He's a piece of furniture."
Mary Petty
1947