davidaulloa/AmericanStories huggingface dataset:
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22

nOn-financial corporations with gross
assets of $8O,OOO,OOO and over con-
trOlled over As per cent of all non
financial corporate business; received
over 40 per cent of the corporate in
come of this country; controlled over
35 per cent of all business wealth and
between Is and 25 per cent of the ma
tional wealth. He also found that be-
tween 1909 and 1927, the assets of the
200 nOn-fnancial corporations in
creased more than twice as fast as
the other non-financial corporations.
Professor Means concluded that if re-
cent rates of growth continue, 80 per
cent of all non-financial corporations
would be in the hands of the 200 by
1880"
The report on wealth and income
made by the Federal Trade Commits
sion to the United States Senate FL
nance committee in 1926 stated, Oh
figures based of probated estates, that
one per cent own SO per cent of the
total wealth Of the country.
A report issued by the Federal Re-
serve board late in 1888 showed that
1.6 per cent of bank depositOrs owned
68 per cent of all bank deposits. In
analysing this figure, it must be re-
membered that bank deposits consti-
tute only a relatively small per cent
of the assets of the wealthy.
| Robert r. Doane, formerly on the
staff of the National Bureau of Eco
nomic Research, in his book, 1.-The
Measurement of American Wealth,
published in 1898, says: I'm 1929 8:
per cent of the total liquid wealth o.
all individuals was in the hands o.
those income classes above the $4,000
group, with the remaining II pc
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22

plenty. Between four and five billion
dollars in monies and credits and in
personal property, which had for
years escaped taxation, will be put
on the tax rolls as the result of his
investigations.
But this month Mr.. Anderson was
taken off this work at a time when it
was making it's greatest progress, and
transferred to the income tax divi-
sion. In this there is a story of more
than passing interest to the citizens
and taxpayers of Minnesota.
When the matter of appropriating
money for Mr.. Anderson's salary came
before the last Legislature. Senator
A. ]. ROckne of Zumbrota, often called
the Watchdog of the Treasury, emit
ted a long and vOciferous mo- Tax
Commissioner Wallace made a per-
sonal appeal to Rockne, backing up
his appeal with first hand evidence OF
the results of Anderson's work, but to
these entreaties the aged senator
turned deaf ear. He pounded his
fist upon the table and shouted: mot
penny for investigations" These
Investigations were dragging some OF
the skeletons from the Republican
closet and ROckne was going to have
none of that, taxpayers or no tax
payers.
Here are some of the things which
Mr.. Anderson accomplished, that
might explain why the Senator was
so keen to have the work brought tc
quick termination: In Hennepir
county he placed more than 100000
900 in monies and credits on the ta>
rolls which formerly escaped taxation
in Morrison county S6O,0O0,0OO. in Wi
mona county between 100000 ant
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22
State Capitol News
BY A. l. HARRIS

Plans for decentralizing state re-
lief activities as authorized by the
state executive council are being
worked out by l.. p. Zimmerman, 5.
E. r. A. administrator, who has con-
ferred with federal relief officials
concerning the proposed system. I'm
der this plan, submitted to the execu-
tive council by Mr.. Zimmerman, beth
direct and work relief will be admin
istered by the counties under the SUI
pervision of the S. E. r. A. in the
effort to reduce costs ard insure more
satisfactory results. 1t was proposed
along with the request for 81 ,O00,0
additional federal relief funds due tC
the failure of WPA to Immediately
take over the present relief load.
Mr.. Zimmerman pointed out that
this system, when in full operation
will answer the criticism of many
counties about the methods of di-
recting relief activities and will work
in with the desire of the federal gov
eminent to get away from the direct
relief business. The SERA will give
the state supervision of state funds
used for relief purposes.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22
MARKVILLE
(FrOm Another Correspondent

Mr.. and Mrs. John Brow went to
Rice Lake, Wis, to attend the funeral
of Mrs. Brow's sister who passed away
last week.
Duane Dowell and Henry Holm
strom are surveying roads here for
relief projects.
A number of folks from here at
tended the show Friday at the River
side CCC camp.
Sarah Steinbring is having her
house shingled.
Bernice Schlice of FOXbOrO, Wis,
spent the weekend at the Rutherford
home.
Mrs. ]. ROatch is working at the
Weblake resort this week.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22

The Division of Women and Chill
dren of the Minnesota Industrial Com
mission collected $1,229.67 from Is
firms in unpaid minimum wages due
minor workers during the month OF
July. The largest amounts paid were
wage adjustments due minor workers
in manufacturing establishments
next came those in printing plants
and third were for employees in groc-
cry stores. 1t is apparent that en-
ployes received low earnings in those
industries where competition is keen
est.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22

81, 100000, as we'll as millions in other
counties; he placed on the tax roll
the personal property of logging
railroad which had escaped taxation
altogether since 1920; Minneapolis
business concern which escaped tax
alton on half a million in personal
property through a former attorney
generals ruling was restored to the
tax rolls; an insurance company's
ST $50 900 personal property and
81, 500 900 monies and credits was also
restored to the tax rolls when Mr.. An
dersOn established that the company
was in reality not an insurance COM
pany but a concern whose principal
business was writing abstracts; the
old corporate excess law was uncOv-
cred, which has been on the statute
books but never enforced.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22

cent distributed among the remaining
80 per cent of the people. There Is
every indication that by 1882 this per-
centage of liquid capital among the
lower income classes has been forced
to dwindle from II per cent to less
than 6 per cent"
Lowell Limpus, a West Point man.
engaged by the Washington Daily
News to make a study of the distribu-
tion of wealth in the United States.
concluded that out of 54,2O1 900 en-
playable adults in the country, Bal
per cent own S7.6 per cent of the ma
/ tiOnal wealth.
known as the National Industrial Con-
ference board, has been making de-
termined efforts to break down claims
of authorities as to the great and pro-
gressive concentration of wealth in
the United States. When one con-
siders that this organization is af-
filiated with such organizations as the
American Iron and Steel association
the National Association of Manufac-
turers, Edison Electrical Corporation
American Cotton association, and 9th
ers, and that it has as vice presi-
dent Irenee Dupont of the famous
munitions family, and treasurer Fred
|. Kent of the Bankers Trust company
of New York, it is readily under
standable why the National Indus
trial Conference Board is so anxious
to disprove the figures on division o.
wealth.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22

Sold on the facilities of Minnesota
as a vacation state through the efforts
of George Bradley, director of the
tourist bureau, Is railroads are now
advertising Minnesota. This is the
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22
MARKVILLE PASTORATE
c.. E. ShOlander, Pastor.

c.. E. Sholander, Pastor.
Next Sunday-Sunday school at
Markville at 10 a.. m.
Services at Aspen school house at
1920 a.. m.
At keene, Sunday school $50 p. m.
and services at 3 p. N. :.
At Kingsdale a program will be rem
dered by the Luther League at p. m.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22

Some time ago, the tax commission
engaged the services of William a.
Anderson, former Minneapolis mayer,
to conduct investigations of tax eva
sions on the part of wealthy cOrpo-
rations and individuals. And, in the
language of the streets, he found
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22

head lights. Chief John p. ArnOldy
is planning statewide drive against
offenders and has urged all drivers
to give the other fellow the courtesy
of the road due every driver. Glaring
headlights have caused many acct
dents in Minnesota this year, Mr.. Ar
noldy said.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22

The state highway patrol has just
completed a check of night driving
and reports that only one out of every
ten make any attempt to dim their
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22

first year that these rail companies
have presented the play possibilities
of this state. In their depots in the
four corners of the United States are
literature and pictures of Minnesota.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22

A complete survey of municipal
liquor dispensaries in Minnesota is be-
ing conducted by the state liquor con-
troll office and should be completed in
few weeks. The findings in this
survey will disclose the degree of sue
cess which these ventures in public
ownership are attaining, particularly
where ethics and finance are involved
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-08-22

A ST. Paul newspaper has taken ex-
ception to the accuracy of statement
recently made by Elmer A. Benson,
state banking commissioner, that two
per cent of the people in the United
States possess 80 per cent of the
wealth. 1t is admitted by all that a
great concentration of wealth in the
hands of a few individuals or corpO-
rations presents not only a problem
but real danger to country's eco
nomic and industrial progress.
The following facts, compiled by un-
questioned authorities, is not only
worthy of the most serious study but
should cause not a little concern to
those who have the welfare of their
country at heart:
President Roosevelt recently pointed
out that 20 per cent of the SIS persons
in 1882 reporting taxable and non
taxable incomes of more than $1,000
900 belonged to only IA families.
Professor Gardner C. Means of Co.
lumbia, found that the largest 200
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-27
KEY BROTHERS
NEAR AIR MARK

MERIDIAN, Miss, June q
GN.S0.-Forgetting the Difficult
ties and hardships that have
beset them during more than
three weeks in the air, Meridians
flying brotherS-Al and Fred
Key-today scared triumphantly
toward a new official endurance
record for airplanes.
At 1892 a. M, Eastern Standard
Time, their tiny plane, 'Ole Miss"
had been in the air SAT hours
since its takeoff from the munich
pal airport June AUST 6 hours,
IL minutes and 80 seconds short
of the present official record held
by Kenneth and John Hunter,
brothers. of Chicago.
If all goes we'll, the Key
brothers will lift the title from
the Hunter brothers at just p. m.
E.S.TD today.
But the brothers will stay in
the air in an attempt to break
the unofficial record of CAT hours,
% minutes and 80 seconds set by
Dale Jackson and Forest O'Brien
in st. Louis.
The Jackson OF rien mark was
never recognized by the Ameri-
can Aeronautical Association be-
cause of purported improper
preparation of the Paragraph and
incorrect certification of report
forms.
The right tire on the landing
gear of the "Ole Miss" has gone
flat as the result of slow leak
and will present a landing hazard
when they return to earth. The
brothers will attempt to land with
their gasoline supply virtually ex-
hausted. thus minimizing danger
Of fire should the plane crackup
in landing.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-27
FRANCE WEIGHS
NEWWARFUND

PARIS, June 81 G.N.SD.-Three
bills authorizing more than three
billion francs (about one hundred
and ninety-eight million dollarS)
in new war credits were intro
duced in the Chamber Of Deputies
today.
OF the two billion and sixty
seven million francs (about one
hundred and thirty-six million and
four hundred and twenty-five thou
sand dollars) is for new equipment
and planes. The balance already
has been spent.
The first bill would authorize
one billion one hundred and six
million francs (about Seventy-two
million nine hundred and ninety.
six thousand dollars expenditures
for the army, more than half of it
for new artillery.
The second bill provides for ex.
penditures of one billion eight
hundred million francs (about one
hundred and eighteen million
eight hundred thousand dollars
for aerial defense, and the third
would allot two hundred million
francs (about thirteen million two
hundred thousand dollars) for the
navy.
Nearly half Of the air bill ap.
preparation would be spent on new
planes and about one.fourth of it
would 60 for airportS and indus.
trial mobilization.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-27

mands would be made on Capital
Hill during the next few days that
will further complicate the stu
alton.
Legislation involving holding
company control, bank reform and
the Tennessee Valley Authority
has not been going to Mr.. Roose-
Velt's liking. These bills vitality
affect the financial and power
interests which the New Deal is
intent on strafing and reforming
Since his return Monday from
Hyde Park, the President has been
engaging his House and Senate
spokesman in individual con.
ferenceS on these measures. If
the House passed the holding COM
pany bill minus the death sent
ence" clause doing away with
utility super-structures in five
years, the Administration will seek
to restore it in conference.
The same procedure will be fol-
lowed with the IVA bill, which
has been loaded up with amend
ments Objectionable to Mr.. Roose-
welt. Efforts are being made to
blast the bank reform bill through
the Senate despite heavy oppo-
sition from the bankers.
Vice President Garner let it be
known recently that when bills
were forced into conference in the
future because of conflicting pro-
visions between Senate and House
he intended to designate Senate
conferees sympathetic to the Ad-
miniStration.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-27
CURLEY OFFERS
M|LL|ONSFOR
STATE JOBS
Massachusetts Chief Brings
Proposal to Hopkins for
$35, 900, 900 Exchange
international News Service

Gov. James w. Curley Of Mas
sachusetts today submitted to
Federal work-relief officials a pro-
gram under which the State
would appropriate $35 1000, 900 for
major projects to be done 100
per cent by the State on the con-
dition that compensatory projects
would be provided 100 per cent
by the Federal Government.
COnferS with Hopkins
After conference with Harry
L. Hopkins, works progress ad.
mlnistrator, Governor Curley
said:
Our program was received
with due consideration. l think
Mr.. Hopkins looked upon 1t with
favor. If the Federal Govern.
ment approves the program. I
will ask the State legislature for
a S35,OOO,OOO bond issue for our
State program.
That basis would permit us
to insure our own bonds, employ
such labor as we see fit, and nav
the prevailing rate of wages on
State work."
Inc major projects outlined for
the State program are an institute
Tor mental diseases, $4,000, 900:
department. of correction, $5,0OO,-
600; department of education,
$1,500,000; department of public
health, $2,500,0O0; State house ex.
tension, $1,500O,O00; State depart
ment of public safety, $500, 900;
Embarrassing elimination, $5,000,.
600; secondary roads. $4,000, 900.
Other Big Projects
In addition to this $34, 900 900
total, $1,000,O00 would be provided
for other projects not yet def
nitely agreed upon. The State
also is ready to provide $3.5OO,00O,
Governor Curley said to match q
like amount of Federal funds
under the Hayden-Cartwright act
for State aid roads.
The governor also conferenced
with Brig. Gen. Edward M. Mark
ham, chief Of Army engineers,
over a $40,000,O0O proposed i'm
provement of the Merrimac River,
which the governor was seeking to
hae promulgated entirely as Fed
eral project, inasmuch as part of
the improvements sought are in
New Hampshire.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-27
SeaCaptain'sLoveLife
Holds Island for i. S.

} veyed the islands possibilities as
an Intermediary landing station
for an air route between the
United States and Australia.
Naval officials here made a
hurried study of the naval
archives. The study disclosed
the island is owned by a native
with the blood of a Yankee sea
captain in his veins. The natives
grandfather was an American
whaling captain who visited the
island more than so years ago
and took as a wife the daughter
of the local Polynesian chief.
The whaling captains name was
Jennings and that name has
been carried down to the present
ruler.
The present Jennings, accord
ing to the naval records, is prouo
of his American lineage and recog.
nizes American sovereignty over
the island.
If Great Britain actually moves
to dispute that sovereignty. the
Navy Department will submit
these facts to the State Depart
ment and urge that Britain's claim
be vigorously contested.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-27
BOY,12,|NH HUNT.
FOR MOTHER
CONTINUED from Page -

u 0ncGnued from rage ~
car outside Of Pittsburgh. He
had no food. Early Monday morn
ing he continued his journey,
walking toward Washington. He
had no sleep Monday night. He
was afraid to sleep in the open,
he said, and pushed along
throughout the night alone.
A kind stranger gave him food
Tuesday morning. He was a
storekeeper, the boy said. He does
not recall in what town he re-
ceived the food.
Tuesday night he slept again in
a box car. Yesterday he arrived
on foot in Hagerstown, Md.
Fireman Harvey S. Fearnow, at
tached to No. 8 engine house in
Washington, saw the boy at gas
oline filling station. There was
something compelling about the
boys looks, FearnoW said. and he
asked if he could help him. To
gether they came to Washington
last night, the youngster receiving
his first full meal in four days.
FearnoW, who resides with an
aunt. Mrs. George L. Saunders, in
the first block of Q Street North
east, said he would care for the
child. until his mother is located.
A shy, reticent type, young
Franklin said he was under the
impression Washington was a
small town and had only one hos.
pital. He has an uncle here, also,
the boy said, but he has not been
located.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-27
Inheritance Taxes to Force
Liquidation of Big Estates

That liquidation of the estates
of the nations money cars pro-
vides the only possible means for
payment of the inheritance taxes
proposed under President Roose-
velt's new share-the-wealth pro-
gram, was the view expressed pri-
vately today by tax experts.
They would not talk publicly
because plans for the taxes are
still in the formative stage. Lead
ers admitted that formulation of
the inheritance schedules and
correlary measures would be the
hardest task in drafting legisla-
ton.
Under present plans. the only
alleviating factor to the inheri-
lance taxes will be a long period
allowed for their payment. Sena-
tor Harrison Cd, of Mississippi,
chairman of the Senate Finance
Committee, said it was planned to
allow Is years for payment, with
a low rate of interest.
Even with the long term and
low interest rate, it was conceded
that such estates as those of the
Rockefeller and Ford families
would ultimately have to be
broken up in one way or another
to pay the tax. Just how this
breaking up process will be eff
fected, is for the present as much
of a mystery for the tax experts
as it is for the owners of big
estates.
Estate Limit About 10 Million
On a Numbered million dollar
estate, existing estate taxes would
take away nearly so million
dollars, leaving about 40. Then,
the new inheritance tax would lop
away IS per cent Of this, or about
80 million.
One expert revealed to Inter
national News Service that the
taxes were so designed as to limit
personal fortunes in the United
States to little more than 10
million dol Prs
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-27
5 WIN FIGHT TO INITIATE S4ARE-WEALTH TAX
Radiator Traps
Pup; Firemen
Rescue

Mickey is just two months old
and weighs only three or four
pounds. But today she made
just as much of a disturbance as
though she had been a full
grown dog.
Mickey is a little gray police
puppy owned by Harry White,
500 block H st. N. w. Today
she found a new place to play
back of the radiator.
And then, Of course, she
caught her head between the
pipes. The harder she pulled
the tighter she got stuck. Mr..
White tried in vain to free her.
Then he called the rescue squad.
With siren blowing the big red
squad car drew up, while from
another direction came a police
scout car. The firemen took one
look, then got a crowbar, bent
the pipes, and Mickey was free.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-27
Will Rogers
Says:

BEVERLY HILLS, Cal, June
S7.-The first battle Of the next
war was fought in New York
City Tuesday night. Big Italy
met little AbySsinia and Mus
sOlini's first spring drive was
halted in its tracks.
General Joe Louis, head Of
the Ethiopian forces, met ii
Duce Camera 1.-THE biggest RO-
man Of them ALI and treated
him like a Christian Of gladia-
tOrial days.
Now there Is a movement on
10 send Lion Louis to AbysSinia
to meet MusSOlini'S whole army.
MAD trip Is being gladly paid for
by several American philanthrO-
pists new friends of AbySSinian
liberty. A Mr.. BraddOCk, q Mr..
Baer mot BugS) and even a
German, Mr.. Schmeling, has
contributed to make Mr.. Louis
trip to Africa more, permanent.
Copyright, e3S, McNaught Syndicate
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-27
Burke to Seek
Altitude Record

CAPE MAY, N. j.. June Is GIN.
SD.-Lieut. Richard L. Burke,
commander of the Cape May
Coast Guard air station, today
completed arrangements for an as
sault on the worlds altitude
record for amphibian planes.
Burke will make the attempt in
the same ship in which he estab-
liShed a new record Of 173.945
miles an hour Tuesday evening.
The previous mark was 1878
miles an hour.