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"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."

"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."

Artist (American, 1899 - 1976)
Date1936
ClassificationsCartoon
Mediumink crayon
DimensionsObject: 16 5/16 × 11 7/8 in. (41.4 × 30.2 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1969.975
"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
"We ought to do something-we can't leave everything to the Red Army, you know."
"We ought to do something-we can't leave everything to the Red Army, you know."
Mary Petty
1942
"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
"Now I know what that song means - 'have you ever seen a dream dancing'?"
"Now I know what that song means - 'have you ever seen a dream dancing'?"
Mary Petty
1934
"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
"I don't say I don't like it, my dear, even if you do look kind of buttony."
"I don't say I don't like it, my dear, even if you do look kind of buttony."
Mary Petty
1933
"Once there was a time, my dear, when we had something that could make each other laugh."
"Once there was a time, my dear, when we had something that could make each other laugh."
Mary Petty
1933
It was not by any means a lively morning
It was not by any means a lively morning
Mary Petty
1947
"But it's very easy to remember, lady, the one what, says 'hot' means cold and the one what says 'cold' also means cold."
"But it's very easy to remember, lady, the one what, says 'hot' means cold and the one what says 'cold' also means cold."
Alan Dunn
1931
"And what do we get?The trouble with people like us, Jethro, is that we don't demonstrate."
"And what do we get?The trouble with people like us, Jethro, is that we don't demonstrate."
Alan Dunn
1967
"What's more, you won't get into any trouble in a fishnet bathing suit. It has the O.K. of the Police Department."
"What's more, you won't get into any trouble in a fishnet bathing suit. It has the O.K. of the Police Department."
Mary Petty
1935
"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