The Waterbury Democrat., 1937-12-31

T Deal aiibis against responsibility fos business recession.
 Observers speculated on whether the concerted attack grew out Oi discussion on president Ro0sevelt'x recent Florida vacation during which Jackson and 1ckeS were members Ni the party. xckes, especially, said that there was need for immediate logiDiatioa = ct the seslon oe con. gress beginning next week = tc guarantee AinericAS future.
 Desert Presidents Strategy
 Both Jackson and 1ckeS departed from the Presidents strategy of dis- cuasing and crlticising unnamed ifi- dividuAis. He repeatedly has re. fused to Q recaicltfant but anonyn1. ous "i0 per cent" of business and often Identifies merely by vocation individuals whose ideas he chal- lenges. But the Now Deal Christ mas week speakers named names !i1 unmigtnkable siAshion, especially the "00 families" which have been listed AB tho dominant factor n American economic life.
 Jackson named Alfred r. Sloan and william 8. Knudsen of General Motors to emphasize high exocu.. tive salaries iri contrast with what he regards as proportionately low raturns to labor. fckes last night counselled big bushes sto purge it: Seif of "its Tords, It's oirdleTs, ana It's Rands".
 Speeches Much Alike
 Jackson and 1ckes' speeches were much alike and in passages con. vayed Identical Ideas In btrikingly sIFnIiar language. Both appafontly had drawf, heavily upon Eerdinanu.l Lundberg's "Amerleab 70 fanli,ies, ,ies.. q book published recently. Jaekson a. merely mentioned that group, put Icses directed meat Of hb speech to it.
 The double. .barreled challenge e "AfnericaS 60 families" sent Wash- ington hurrying to It's bookshelvos. today to identify the group Swep!i by the Chrlstmas week New Doel barrage, Lundberg, former Wall Street reporter for the New xork Herald. Tribune, wrote c fat volume of 500 pages keyed to its openinU seYtonce, which was aS folloWs;
 "Tho united States 1 owned aiio dominted today by 2 hierarchy 0i v 60 of the richest families, huttrebsou by no more than % families oi losses wealth."
 on pages 20-2T Ltindberg fiofll' mates 60 families beginning witll the Rockefeliers, No. l. He reported --all based on 1924 data = that there were 2i Rockefeller income tax TO. turns showing aii aggregate tax ol S7,30o, ,Dee. Ho setlmate net ineof1e taxed At 9i7,0bB,000 net aggregate fortune ct 9i,077 ,300,O0o. Lunbefe said he arrived at actual or gfosi fortunes by multiplying the not ag' Rfiregate taxed fortune by threo. Ht believed that was comparatlvoly accurate, explaining that much wealth Was tax.free.
 Golden Roll Call
 Lundbergs golden roll call eoin- prlaing tho family or group name Inc number of tax returns, the source of income and his estimate oi "groas adjusted fortune," was iss fol- lows:
 Rookefoliers, ai, Standard oil, ei,. 077 ,300000; Morgan inner group, S4 (including Morgan partners, Morgan families and eight leading Morgan corporation oxecutives) J. P. Morgan a Go, e72o,O00 ,000; Fords, 2, Ford Motor O., S000, 0,000, 900; Aarknesses l6. Standard oil, 44B0, ,000, ,000; Mel- Ions, a. Aluminium Co9+e4b0 ,000, ,000i Varderbiits, 22, N. Y. Central R: R, Sa0o ,ao00o0; Whitneya, etandaro Oli, SS22, 100000; Standard oil group (Inciuding Archboldg, Rogerses, Bed. fordg, Cutiers, Tlaglors, Pratts and 1enjamins), 2O, Standard Oil, eab0,. 000 ,00O: du Fonts, 40, n. I. du Pon' de Noinours, eo3o, ,b00,000; McCor' miclIs, 6, international Haryostei md Chicago Tribune, e2ii 400 GOO; Rakerg, 2, First National Bank tN M 12i0,OO0,000; Fishers, 6, General Motors, eioS 500 900; 0uggenheilns (. American gmeitlng end Refining Co,. NiO0, 100 900; Fields, c, Marshall Fiaid & O., ei00,000,000; Curtis' noks. 6. Curtis Publishing Co., el74,- 00O ,O00: Dukes, 8, American Tobac- co Go, 1ibo,000000: Berwlndg, 3, perWlnd-Whita Coal O., eib0 ,000,- 000: Lehmans, i7, Lehman Brothers, Ai96 ,000,000 Widoners, 3, American Tobacuo and public utilities, eiie,- b0O000; Reynolds, [, D. ]. ReynoldS Tobacco 60, eii7,000, 900; AsteEs Are ln It
 Aetors, g, real estate, eii4,000. 900; Winthrops, c, miscellaneous, ei40,. 100, 1000; Htilimans, q, National City bank, Gi02, 100000; Timkens. 2, Tin. ken Roller Bearing O., eiii, i,O00. .000i Pltcairns, {, Pittsburgh Plate Glass O., ooe. .000,000; Warburgs, 6, Kuhn, Loeb @ O., eo7 200 900; Motealfs, {, Rhode Island Textile Mills, ee0, 0,000,- GOO: Clarks, 6, Singer Sewing Ma- chino O., 9o0,O00,000; phippg, ie, Carnegie Steel O., eao, 100 900: ikahns, {, Kuhn, Loeb & O., eee,. 400,00o; Greens, 2 stocks and real estate, e72,0o0, 900; Patterson, 2, Chls cago Tribune, fnts e00, ,D00, 900; Tafta, {, real estate, oB4,00O ,000; Deerings, 3, international Harvester 4le, ,DOOO 900; DeFoFests, c, corporation law practice, 94i 100 900: 0oulds. q, FAilFoada, n9a. .e00.00O: Hills, {, FnIIs