Word: profitable
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When TIME errs, the world demurs but TIME and old-TIMERS profit by the misthinks or mistakes. Let none therefore mistake me for a TIME naggler in correcting TIME'S adequate account of Manhattan's Architectural League Exhibition. The small mistake appears in TIME'S reference to "small" Harvey Wiley Corbett, noted for his tall self and tall towers. Lofty-spire-and-pediment-building Corbett stands well over six feet on the bare foot...
...Fallon case was loosely called "the greatest law suit in history" because: rail rates are fixed by the I. C. C. to allow the carriers a profit. The amount of profit depends on valuation. For 15 years the I.C. C. has been tentatively valuing U. S. rail properties. I. C. C. valuations have generally been on the principle of original costs, plus improvements, less depreciation. The carriers have contended for valuations on the basis of reproduction at present price levels ("current reproduction value"), less depreciation. In 1920 the I. C. C. valued U. S. railroads at approximately 19 billion dollars...
...contract entered into with Samuel Ungerleider & Co., which provides that the brokerage house will receive no compensation except standard commissions unless the investment trust has earned in excess of 8% on its capital. When more than 8% has been earned, Samuel Unger leider & Co. will receive 20% of net profits, but only if the payment of such 20% does not reduce the corporation's profit below the 8% figure. Furthermore, Mr. Unger leider himself is the only member of Samuel Ungerleider & Co. who is on the board of Ungerleider Financial Corp. Thus precautions have been taken against the common...
...nature of the product and sold, precipitately, at a loss, when the horrid truth became evident to him. Congressman Dyer talked of suing the Manhattan Curb to get back his lost money. Had he not been so hasty in disposing of his "tainted" certificates, he might have had a profit on his transaction...
Five years ago International Paper Co., more than twice the size of any other manufacturer of newsprint, was selling its paper at $75 per ton and making only a moderate profit. It was evident that the price of newsprint was going down (it is now about $55). Mr. Graustein was made president of International with instructions to save it from disaster. He closed its less efficient plants. Paper plants are usually on waterpower sites. International found itself with much unused waterpower. International added "Power" to its name, bought into the New England Power Association, became a seller of electricity...