One of the many stories credited to President Roosevelt concerns a parting shot of his directed at a well-known steelmaster's associate: and tell Schwab," the President is reported to have said, "that he will never make a million a year again."
No doubt the story is apocryphal. Nevertheless it pins down-conveniently the President's redistributist creed reports the New York correspondent of the "Observer,"
The Schwab story attributed to President Roosevelt was told in 1934. Income returns for that year showed 33 recipients of incomes in seven figures. In the next year, however, the number had gone up to 4l.
Who among the 4l-million-a-year men are the ien Croesuses of America?
After some research and consultation I submit the following galaxy of America's wealthiest men;—
(1) Andrew W. Mellon, (2) Henry and Edsel Ford, (3) The Clu Pont dynasty, (4) Jóbn D. Rockefeller, jun.. (5) William Randolph Hearst, These are all household names. The rest are hardly known in America, let alone to the world at large. They ar (6) George F. Baker, New York banker, son of the elder J, P. Morgan's Old associate, now lying ñl with peri-fon itis in his yacht in the South Beas, Where he is taking his first vacation in tlurty-five years. railroad te, better known in (1) Frederick H. Prince, Bostonian
Europe as Master of the Pau Hunt, yachtsman.
(8) Arthur Curtiss James, a man of inherited wealth who has added to the family's fabulous heidi (9) The two Weyerhauser brothers, sons of a German immigrant who slashed his way through an empire of forest land becoming America's greatest lumber baron.
(10) The two Hartford brothers, owners of the great Atlantic and Pacific stores, largest retail purveyors of foodstuffs,
Text read from the printed page and cleaned; old type leaves the occasional error.