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"The alternative? I understand it's a ten-thousand-dollar fine and five years in prison. We'd get out around 1949."
"The alternative? I understand it's a ten-thousand-dollar fine and five years in prison. We'd get out around 1949."

"The alternative? I understand it's a ten-thousand-dollar fine and five years in prison. We'd get out around 1949."

Artist (American, 1899 - 1976)
Date1944
ClassificationsCartoon
Mediumink
DimensionsObject: 16 3/8 × 12 7/8 in. (41.6 × 32.7 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1969.965
"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
"A few years ago a contribution of a hundred thousand dollars would have been a cinch ...How's that for inflation?"
"A few years ago a contribution of a hundred thousand dollars would have been a cinch ...How's that for inflation?"
Mary Petty
1944
"Then his father paid me ten thousand dollars never to see him again. It sort of gives you back your faith in men, don't it?"
"Then his father paid me ten thousand dollars never to see him again. It sort of gives you back your faith in men, don't it?"
Mary Petty
1931
"Best think tank in the country, and their conclusion after two years, thousands of dollars, and millions of words is "God only knows!"
"Best think tank in the country, and their conclusion after two years, thousands of dollars, and millions of words is "God only knows!"
Alan Dunn
1968
"The gravy alone, is enough to add twenty years to one's age, I do assure you."
"The gravy alone, is enough to add twenty years to one's age, I do assure you."
Mary Petty
1947
"It's Sonny again, and he's in desparate need of certitude. He says ten dollars would help."
"It's Sonny again, and he's in desparate need of certitude. He says ten dollars would help."
Alan Dunn
1968
"I just heard Herbert say 'Ergo'. That means if we don't do something we won't get out of here till two o'clock."
"I just heard Herbert say 'Ergo'. That means if we don't do something we won't get out of here till two o'clock."
Mary Petty
1936
"One belief is that every person is inhabited by a spirit, or ko, which goes travelling while the human body is asleep. If a man should be awakened suddenly - so the belief is- the Ko might not have time to get back into its body and would get even by going around causing trouble. So the people believe a man should be allowed to sleep until he wakes up of his own accord." U.S. Army Pocket Guide to New Caledonia.
"One belief is that every person is inhabited by a spirit, or ko, which goes travelling while the human body is asleep. If a man should be awakened suddenly - so the belief is- the Ko might not have time to get back into its body and would get even by going around causing trouble. So the people believe a man should be allowed to sleep until he wakes up of his own accord." U.S. Army Pocket Guide to New Caledonia.
Alan Dunn
1943
"I've finally decided to go to college. All you lose is four years."
"I've finally decided to go to college. All you lose is four years."
Mary Petty
1936
"This is going to take away at least seven years, Ma'am."
"This is going to take away at least seven years, Ma'am."
Mary Petty
1932
"Agnes called to say that dear old Mrs. Pulsifer passed away at ten this morning and that maybe we could get her apartment."
"Agnes called to say that dear old Mrs. Pulsifer passed away at ten this morning and that maybe we could get her apartment."
Mary Petty
1944
"The doctor says it's wonderful the way I hold on to my teeth."
"The doctor says it's wonderful the way I hold on to my teeth."
Mary Petty
1934