800 PER CENT PROFIT
WAR-TIME EARNINGS AMERICAN DISCLOSURES WASHINGTON, Dee. 13. Following Mr. Roosevelt’.s independent action to draft legislation to “take the profits out of war, ’’ the Senate Committee of investigation in the arms trade revealed in considerable detail just what these profits amounted to during the World War years.
Leading metal companies, meat packers and others supplying essential war materials showed .100 to 300 per cent, profits on their capital stock for the years 1917-1918. One copper firm, Calumet and Heela, earned eight times its value in one year.
A few firms chosen at random inchided United States Steel, whose range of approximate profits was as follows: 1915, 131,000,000 dollars; 1910, 348,000,000 dollars; 1917, 585,000,000 dollars; 1918, 519,000,000 dollars.
A list of LSI names is published, whose individual inc.omes exceeded .1,000,000 dollars in one or more war years.
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Bibliographic details
Poverty Bay Herald, Volume LXI, Issue 18581, 15 December 1934, Page 5
Word Count
139800 PER CENT PROFIT Poverty Bay Herald, Volume LXI, Issue 18581, 15 December 1934, Page 5
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