"If you'll look up the word profit in Webster's dictionary, you'll find that it comes from the Latin word profectus, meaning progress. At first glance, there doesn't seem to be much connection between profit and progress. But there is a link and it's a vitally important one. In our country and in our free enterprise system, the words should be regarded as practically synonymous. Profit means progress - for everyone."
Good Reading Rack Service, 1960