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nAz
06-14-2004, 03:13 PM
Anyone ever here of this person?

War is a racket.

http://lexrex.com/enlightened/articles/warisaracket.htm



Major General - United States Marine Corps [Retired]
Born West Chester, Pa., July 30, 1881
Educated Haverford School
Married Ethel C. Peters, of Philadelphia, June 30, 1905
Awarded two congressional medals of honor, for capture of Vera Cruz, Mexico, 1914,
and for capture of Ft. Riviere, Haiti, 1917
Distinguished service medal, 1919
Retired Oct. 1, 1931
On leave of absence to act as director of Department of Safety, Philadelphia, 1932

Lecturer - 1930's

Republican Candidate for Senate, 1932

Died at Naval Hospital, Philadelphia, June 21, 1940


Here is some of his speech long but still an eye opener...

CHAPTER TWO

WHO MAKES THE PROFITS?

The World War, rather our brief participation in it, has cost the United States some $52,000,000,000. Figure it out. That means $400 to every American man, woman, and child. And we haven't paid the debt yet. We are paying it, our children will pay it, and our children's children probably still will be paying the cost of that war.

The normal profits of a business concern in the United States are six, eight, ten, and sometimes twelve percent. But war-time profits ah! that is another matter twenty, sixty, one hundred, three hundred, and even eighteen hundred per cent the sky is the limit. All that traffic will bear. Uncle Sam has the money. Let's get it.

Of course, it isn't put that crudely in war time. It is dressed into speeches about patriotism, love of country, and "we must all put our shoulders to the wheel," but the profits jump and leap and skyrocket and are safely pocketed. Let's just take a few examples:

Take our friends the du Ponts, the powder people didn't one of them testify before a Senate committee recently that their powder won the war? Or saved the world for democracy? Or something? How did they do in the war? They were a patriotic corporation. Well, the average earnings of the du Ponts for the period 1910 to 1914 were $6,000,000 a year. It wasn't much, but the du Ponts managed to get along on it. Now let's look at their average yearly profit during the war years, 1914 to 1918. Fifty-eight million dollars a year profit we find! Nearly ten times that of normal times, and the profits of normal times were pretty good. An increase in profits of more than 950 per cent.

Take one of our little steel companies that patriotically shunted aside the making of rails and girders and bridges to manufacture war materials. Well, their 1910-1914 yearly earnings averaged $6,000,000. Then came the war. And, like loyal citizens, Bethlehem Steel promptly turned to munitions making. Did their profits jump or did they let Uncle Sam in for a bargain? Well, their 1914-1918 average was $49,000,000 a year!

Or, let's take United States Steel. The normal earnings during the five-year period prior to the war were $105,000,000 a year. Not bad. Then along came the war and up went the profits. The average yearly profit for the period 1914-1918 was $240,000,000. Not bad.

There you have some of the steel and powder earnings. Let's look at something else. A little copper, perhaps. That always does well in war times.

Anaconda, for instance. Average yearly earnings during the pre-war years 1910-1914 of $10,000,000. During the war years 1914-1918 profits leaped to $34,000,000 per year.

Or Utah Copper. Average of $5,000,000 per year during the 1910-1914 period. Jumped to an average of $21,000,000 yearly profits for the war period

Hmmm makes you wonder who is making obsecne profit now a days. /ccboard/images/graemlins/smile.gif

Perk
06-15-2004, 12:09 PM
Any Marine will tell you who Smedley Butler is.....Although I didnt know his middle name. /ccboard/images/graemlins/smile.gif

highsea
06-15-2004, 12:18 PM
That Smedley is a card. /ccboard/images/graemlins/grin.gif

Rod
06-15-2004, 01:53 PM
[ QUOTE ]
Hmmm makes you wonder who is making obsecne profit now a days. <hr /></blockquote>
Plenty if you watched just the increase in stock prices with companies involved in defense contracts. Although some did not increase that much the SEC financial reports showed quite a different picture. It is so competitive these days but they manage to squeeze out a profit. lol

Rod