The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1921-04-09
PRESS AND COMMENT.

instr fumenC 1of the commission ol
crime. One shudders to think of it!
Using a stick tipped with chewing
gum to reach a bundle of Liberty
bonds in the teller's cage of the Cal
vert Bank, Baltimore, Nd, three
we'll dressed men Saturday stole
s285O worth of the bonds and es
capped before the theft was discov-
cred. Many persons were in the
bank at the time, says the press tele-
gram carrying this intelligence. This
is why the men got away with it so
easily.
The banks these days are largely
in the limeligl1t. Always one thing
or another. Before it was bank
failures. Now a failure is rarity.
Practically, there are no more bank
failures People do more business
with banks, have more confidence IN
them, an it is well for both factors
therein concerned are thereby bene-
fitted. But just the same the banks
are in the news 1t is because of
their Importance and of their num-
Der all over the country. 1t is in
deed poor community these days
that has no bank. Then and now
someone connected with bank gets
in the limelight.
President Stillman, of the First
National Bank, New York, has divor-
ced his wife, after most sensation
al trial He must pay his wife $780,
900 a wear alimony. He must pay
her lawyers fee, $4,000. Mrs. Still
man will manage to get along on the
paltry sum of 100000 per annum,
but why should her lawyer get $780,
600? Some one asks, 'Does it cost
more to get or lose a divorce for
rich mans wife than for a poor
mans wife? If it does, why?" Lo-
cally a divorce generally cost $35 to
$50. Mr.. Stillman recently presen-
ted his resignation to the Board OF
Directors of the Bank in view of the
notoriety he was receiving but the
directors held a very sane view.
They declared mans domestic mis-
fortunes were his and not the banks,
besides the matter was a private one
and did not concern the institution.
This kind of advertising is not envla-
BILE, but the assertion IS made with
out fear of contradiction, the First
National Bank is just now the best
advertised bank in the country.
Advertising is great tonic. A
great revivifier. Just now the city
of Los Angeles is advertising the
fact that its hotels have cut prices,
some taking off one-half. The Hearst
papers carried 49,. announcement
this week, and three million people
read, at least, for this is the COM
bined circulation of the Hearst daily
newspapers The announcements
carried this: ''The cost Of living
never did go up in Los Angeles as in
other places Housekeeping there is
a Joy; dollars worth buys two dol
lars worth. Now hotels cut prices.
Make your reservations for this
spring and for next winter" Can
YOU beat this? Is there better ad-
vertising? You see how well it
works. Both the hotels and the city
of L. A. 1t is like one wheel work
ing within another.
Did you know that two men in the
United States confessed to the collec-
to of internal revenue big BilP' Ed
wards of New York, that their net
personal incomes last year were in
excess of three million dollars? Did
you know that John D. Rockefeller
not only had a personal income of
sixty million dollars, but drew check
for S38, 100000 and mailed it to the
government as his income tax con-
tribution? Some amazing figures,
running close to the billion dollar
mark, are made public by Edwards
through official reports now in the
hands of the commissioner of inter-
nal revenue at Washington.
Twenty-eight gentlemen admitted,
it seems having incomes during 1920
of S2,OO0,0OO up, while 13 others
said languidly they received between
million and half two millions.
The late H. C. Frick had $11 $780,
600 income and out of it the govern
nent got $7,160,000.
Two other men frolicked about
with even million and half and
each paid the government $4,800,-
600. They were George F. Baker
and William Rockefeller.
Edward S. Harkness and j. Ogden
Armour were taxed to the tune of
$6,250,000 They paid the govern
ment a flat four million each, while
Henry Ford and w. K. Vanderbilt as
we'll as Edward H. R. Green, having
each five million dollars on their
hands during the year, disposed of
$3,200,0OO. of it by sending it TO
the government in the form of GER
tilted check.
These figures appear as personal
| incomes and do not, of course, re-
present the staggering principals
/ that yielded so golden a flow.
If, for example, Rockefeller's net
income was sixty million dollars and
this sum represented only per cent
/ interest on the principals, the princi-
pal itself must have been one billion
dollars.
In like fashion Frick must have
had a capital of s187, 100000 to re-
turn him s11 100000 in interest.
The records anounce that % of
the richest taxpayers are scattered.
About A came from New York, 2
from Philadelphia, one from Miehi-
gan, one from Ohio, two from Penn
! sylvania, one from Rhode Island, two
from Texas and fiv from Massachu-
sets.