Like a mule on a treadmill, U.S.
business was beginning to feel that it had to keep moving faster just
to stand still. Last week Manhattan's National City Bank, totting up
first half profits before taxes for 325 U.S. manufacturing
corporations, reported a whopping increase of 51% over the 1950 period.
But after taxes had been deducted, the net gain was only 1%.
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