When the call went out for aid in ransoming Bay of Pigs prisoners from Castro's Cuba last December, more than 60 U.S. drug and medical equipment companies contributed some $50 million worth of products. On the corporate balance sheets, the donations have turned out quite well.
Last week Merck & Co. of Rahway, N.J., which committed $2,500,000 worth of its goods to the ransom, announced that it figured to come out ahead after taking its tax deductions. Just how much ahead, Merck did not say; in any event, the company said that it plans to turn over the profits to charity, on...
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