Word: profitable
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...right to discontinue its purchases of $1.00 silver. Under Secretary of the Treasury Gilbert replied simply that "there is nothing in the Pittman Act that requires the Treasury at any time to buy silver for subsidiary coinage at the artificial price of $1.00 per ounce." The Government makes a profit, known as "seigniorage," from its subsidiary silver coins because the face value of the coins is greater than the value of the silver in them. At $1.00 an ounce for silver, the cost of silver in a dollar (face value) of subsidiary coins is about 72 cents. At the market...
...going from Newport News to Boston. She is an old ship and does not need any further trial. She is well known and does not need " advertising." Foreign ships do not take such trials. The trip will cost $200,000 or $300,000. Besides, she might be making a profit by entering the transatlantic service earlier than July 4. Considering these two factors, the Government may be losing $1,000,000 to provide a joy ride?a stag party for Mr. Lasker and his friends...
...findings. The Constitutionality of the Kansas law was not directly ruled upon. The ease was one in which the Industrial Court had ruled that Charles Wolff Packing Co., of Topeka, must increase the wages of its employees, although the company was not then operating at a profit...
...customers' stock as fast as it is purchased&−which is "bucketing." If the customer asks where his stock is, he is told that it is at a bank in a "loan envelope," and he has to take the broker's word for it. The "bucketing" broker profits from this illegal and underhanded practice in two ways. In the first place, he charges interest on $8,000 to the customer, when he is not actually borrowing money to carry his stocks at all, since he has already sold them out. This "interest" is, of course, all pure profit...
...able to do what so many instructors could not do--present the substance of a course in an orderly and systematic manner. Tutoring is an old custom, and there will always be laggards or dullards who will turn to tutors for assistance. But if the dull and backward profit from a "boiled down", presentation of a subject, does it not follow that the brighter students would do likewise? As a matter of fact, is not the entire system built up by the "Widow" Nolen a reflection on the ignorance of how to study which is the heritage of most students...