BEWILDERING RICHES.

Hokitika Guardian, 15 November 1924, Page 1

BEWILDERING RICHES.

A AIK RICAN All LI.IONA IRKS. NKW YORK. o. t.

Confusion exists over the question of (lie publication of millionaires’ income tax returns. The newspapers almost unanimously published the 1 1 -1 . though warned that they did so at their own risk, pending a ruling o.v Air Stone, the Attorney-GcncraL The returns show that the l nitrd Statics Steel Corporation paid Ui.000.CIi:) dollars ( C'.’i.200.00!)).

Air .loh ii (). Roehfeller. jnr.. paid r,ot:i).ftt)o (£i . ioo.oi’O).

Other payments were as follows: Mr .1. I). Roekfeller. sear.. 121.009 dob 000 (£19.000') ; Afr T. I’. Morgan. 000 (£10,000) : Air William R. Il'osl. newspaper proprietor. 10.000 (£S,OOO| : Air f’.lher! Cray, head of the United States Steel Corporation. .>OO.OOO ( C 100,000). “BOFD” FAIR Ii\NKS. The earnings of Air Ibii.das f air IkuiUs, tin* srivon >Lar. arc* for lie* paid £ ! V>9o. Tliero is snurli surpriso at ilu* snialliK*ss of tin* incomes of .Mo'srs Kockofcllor .viir.. Morgan and llenrst. .Mi* 11 or. rv Kurd and liis c-oinpany and family liavo paid tin* (iov<*riim«*nt 18.008.0'Wl dollars (in*:ir!y in income tax. thus creating a world's record in this direction. All I‘nnL oil his own personal income, paid £->OO,(MJO. his son. Kdsel. 1100.000. and the Ford companies the remainder. QUESTION OF PI 'IH.ICATION. Several iterprelations ol the publieatioil law have been given hv senators.

Senator la Folcttc. the third Rl'esj,bull'll candidate, declared that publication was intended, while Senator Smoot, chairman of the Finance Committee. staled that it- was entirely tinjnitlmrisofl.

in speeches. Semiinr hi Koicttr pinmised investigation of the tax ol Mr | farrv Sinclair, the oil magnate, who paid only ‘ATI dollars (£l2 12s) and Mr Rieriiont Morgan. Air Morgan paid 9K,!ii'o dollars, while liis junior partner. Air Thomas I amoiif. paid PdO.(HK) dollars (£179.01)0).