The Dawson news. (Dawson, Ga.) 1889-current, 1925-06-30
six M|LL|ONA|RES IN
CABINET OF PRESIDENT
SECRETARY OF TIL E TREAS
URY MELON IS AT TOP WITH
FORTUNE OF S52O,OOO,OOO.
PAYS MILLION DOLLARS TAX
Hoover, Kellogg, Davis and Work
Also Rated as Wealthy Men. VIII
bur, New and Jardine Are Leanest
Of Coolidge's Official Family.

Dur, new ana Jardlne Are LeaneSt
Of Coolidge's Official Family.
The forthcoming resignation of John
w. Weeks as secretary of war will re-
duce the wealth OF President Cool
idge's cabinet by several millions. The
exact Bradstreet rating of the cabinet
as it stands today-six millionaires
and four poor" men-has never been
computed, although it has been the
subject of much speculation in Wash
ington writes Robert T. Small news
paper correspondent and political COM
mentator at the national capital
Some financial experts have estimat-
ed the cabinet wealth as being in the
neighborhood of $52G,000,000. The sec
rotary of the treasury, Mr.. Mellon,
would make any cabinet the richest
ever known in American history, but
in the Coolidge advisory board he is
joined by other millionaires who swell
its wealth to an unprecedented total.
The six millionaires of the cabinet,
rated according to popular belief as
to financial relative wealth, is as fol-
lows
A. w. Mellon, secretary OF treasury.
Herbert c. Hoover, secretary of
commerce.
Frank B. Kellogg, secretary of state
| John W. Weeks, secretary of war.
! James ]. Davis, secretary of labor.
Hubert c. Work, secretary of the
| interior.
The non-milionaires of the cabinet,
without relative rating as to poor
ness" are as follows:
Curtis Wilbur, secretary of the navy.
Harry S New, postmaster general
William NJ. Jardine, secretary of
agriculture.
John G. Sargent, attorney general
There is no means OF computing Mr..
MELONS wealth He is unquesionably
in the very comfortable position of not
being able to tell within $10000000
or $20,000,000 himself There have
been computations of the Mellon for
tune as high as $600,000,000 and some
as low as $300,000 600 He generally
is conceded to be one OF the three
richest of Americans, ranking with the
Rockefellers and the Fords.
VA5NSNJSOO
Despite the fact that Mr. Mellon
says the rich men OF the country need
no guardians or protection as to the
various means of investing their mon
ey so as to escape a heavy income
penalty the secretary himself last
year paid a tax into the government
of more than $l000000 which would
pay his salary as secretary for some
thing like 20 years All of this proves
that in Mr. Mellon the government
has very sound investment The Mel
lon fortune was made in various ways,
in railroads, banking and oil as well
as steel. 1t has many ramifications.
Secretary Hoover generally is rated
as the second richest man III the cab
met, but here again nothing like
precise estimate has been made. Wash
ington believes the secretary of COM
merce to be worth anywhere from
$8000000 to $10,000,000, possibly
much more. Mr. Hoover made his
money in mining and other invest
ments He has had mining interests
all over the world.
Kellogg Worth $5,o00,0o0.
Secretary Kellogg is what might be
called very quiet and unobstrusive
millionaire. Few Of his old colleagues
in the senate realized how much he
was worth. Today his fortune has
been estimated at $5000,000, most of
it accumulated in very lucrative prac-
tice of the law. When Mr.. Kellogg left
the senate he probably was the rich
est lame duck" of recent years-"ex-
cusing" Col. T. Coleman Dupont, who
lost to a democrat in 1922, but has
now come back in triumph from the
little state of Delaware,
Secretary Weeks fortune was made
as a banker and broker when he
was a member of the Boston firm of
Hornblower & Weeks.
Secretary Davis, the richest man
ever to hold the labor portfolio in
cabinet, began life in this country as
an iron puddler He became mil
lionaire through his work in organic
ing the Loyal Order of Moose and as
a banker in Mr.. Melons home town
OF Pittsburg.
Secretary Work, probably the lean
est" Of the millionaire cabinet minis
tiers, accumulated his fortune through
the practice of medicine, through care
full investments and the establishment
of a sanitarium.
Secretaries Wilbur and Jardine,
Postmaster General New and Attor-
ney General Sargent have joyed
through life without feeling the thrill
ing" of great riches or the impulses
to get them.
When Secretary Weeks resigns, as
i is understood his family is now try
ng to induce him to do at an early
late, there will be much speculation
IS to the financial standing of his sue
lessor.
Once the senate was known as, the
club. Today the cabinet
has won the soubriquet.