Word: profitable
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...report on their position and prospects. When Stone & Webster had completed their survey, Mr. Morgan offered them the Cumberland Light & Power Co. for the bargain price of $60,000. Borrowing the money, the partners bought the company, sold it some years later for $500,000. It was the profit on this operation that established Stone & Webster as a company of national scope...
...then passed into the hands of Jay Gould, Jim Fiske and Daniel Drew. There followed a long series of unprofitable years, during which the Erie was an "orphan" road, no one interest controlling it. In 1924 the Van Sweringens secured control, and the Erie soon began to show a profit instead of 3 loss. Erie's 1927 net income was $3,512,650; its 1928 income was $10,002,883. For the first quarter of 1929 it showed a net of $2,143,839 against $361,771 for first quarter...
...Sundays. Generous, Mr. Ford was also astute. For the more efficient became the railroad, the more rapidly Ford coal moved north from Ironton and Ford autos moved south from Detroit. And, though the selling price of the road was not announced, there was no doubt of a fat Ford profit. After the Ford improvements, the Interstate Commerce Commission valued the road at something over $11,000,000. Mr. Ford's figure was something over $23,000,000. Probably the sale was made at closer to the Ford than to the I.C.C. estimate...
...gets from his grain, and 2) the Government is levying heavy grain taxes upon him by forcing him to sell most of his crop at a low Government-fixed price (to keep the price of bread within the means of urban workers and to net the Government a profit on its exports). The fact that there is more grain planted this year is due not to peasant efforts but to State farms and co-operatives inaugurated by the Government to combat the negative attitude of the peasant...
Sirs: A Life Actuary could readily compute a fair price based on Mortality and Experience Tables, as the average life time - expectancy - should serve as a sound basis for a Life Subscription Rate. The Tables are averages which produce a reasonable margin of profit to a Life Insurance Company; used by TIME, they should result similarly. On the other hand, if one's age determines the rate, you would be at the mercy of the sub scriber, as his honesty might make you, his dishonesty break you. L. G. WELCHER...