Decatur Daily Democrat, Volume 56, Number 268, Decatur, Adams County, 13 November 1958 — Page 14

PAGE SIX-A

Rockefeller Richest Man To Hold Public Office

United Press International NEW YORK (UPI) — Them as has, gits, the old saying goes. But for Nelson Rockefeller it hardly seems worthwhile. Rockefeller, today the brightest star in the Republican Party, has a new job as governor of New York with rent free and a yearly salary of $50,000 starting Jan, 1. That is almost as much as he now makes in a week. And the governor's mansion may not impress a man who already has a 32-room apartment overlooking Central Park, a home on the 3,000-acre ancestral estate near Tarrytown, N.Y.j an 860acre Venezuelan farm where he now is vacationing and a summer “cottage”a t Bar Harbor, Me. ”The words Rockefeller ahd money are almost inseparable. Nelson is by far the richest man ever to hold high elective office in America. Fortune Inherited His personal fortune is estimated at more than 100 million dollars, the bulk inherited from the estate of the fabulous John D. Carefully invested at 4 per cent, that amount would return 4 mil-

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lion dollars a year or about SBO.000 a week. But Nelson’s share of gifts by the Rockefeller clan figures out to about $20,000 a week so he only has a net of $60,000. If he paid straight income tax on that, it would be sliced way down to only $6,800 weekly. Accepting the governorship means he will have to resign the two board chairmanships which in the past few years have occupied most of his time. One is head of Rockefeller Center, Inc. The great cluster of skyscrapers in midtown Manhattan is now valued at 125 million dollars, but is not for sale at any price. l Operations Varied The other is chairman of the International Basic Economy Corp., a sort of personal Point Four program. It runs supermarkets in Italy, sells instant coffee in Salvador, makes automation devices in New Jersey, builds housing projects in Puerto Rico and finances small auto loans in Venezuela. Last year it showed a profit of $1,214,19.8 Rockefeller owns most of the sl6 million worth of stock. His main income still comes from Standard Oil stock but he has no role in running the company more than the voting power of a large stockholder. Many people still come to the Rockefellers mistakenly with criticisms and ideas about Standard Oil. Nelson is also a member of 18 boards of directors. He owns 1.500 pieces of primitive art and a large collection of modem paintings. Money A Tool It took an hour's conversation with his father, John D. Jr., on the evening of Dec. 10, 1946, to get 8.5 million dollars to purchase land on New York’s East Side and donate it as the site for the permanent headquarters of the United Nations. One of his few setbacks came last year when the Brooklyn Dodgers moved to Los Angeles despite his offer to donate 3 million dollars toward building a new stadium for the team. His father is estimated to be worth more than 500 million dollars. Each of his four brothers and his one sister are believed to be just about as wealthy as Nelson. Rockefeller says -taxes now are such that no one again will ever amass such a fortune as his grandfather did, but he is not interested in money as such, anyway. “I personally think money is a tool.” he says. “If used construcI tively it can be of tremendous assistance in facilitating the accomplishments of a great many things. Money can also be a sharp destructive tool. It all depends on the way you use it.” “How Much?” Nelson is still a close man with a buck. During the recent campaign he went into a Jewish delicatessen and spotted a huge salami hang-1

THE FOLLOWING DEALERS DONATED THE BEAUTIFUL TROPHIES To The Archery Club For The ... CHAMPIONSHIP SHOOT SUNDAY - NOVEMBER 16 • Myers Home & Auto Supply • Feger Sporting Goods • Sheets Furniture Co. • Wagner Cigar Store • Habegger Hardware • Meyer’s Shell Station • Morningstar Motor Sales , ♦ Hooker Paints “• Phil L.’ Macklin'Co.“ Trophies On Display al the Above Localions

■»*'" NMMMBMBDNMK* ■ll to ■ Q CORONATION SIDELIGHTS— Coronation ot Pope John XXIII in Rome puts the spotlight on these photos. Upper left: The pope as a priest in 1915. As Don Angelo Ro: 'alii he was a sergeant tn the medical corps, later a military chaplain. This was the only period in which he wore a mustache. Upper right: His niece and nephew. Sister Angela Roncalli and Don Giovanni Battista Roncalli, 31, a priest. They live in Rome. They are holding the Vatican paper which announced their uncle’s election as pope. Lower: The bed in which Pope John was born in Sotto II Monte, Italy, Adjusting covers is Giuseppina Micheletti, last person bom 'n that bed

ing above the counter. He pointed to it and said, "How much?” The proprietor said the regular price was $5 but for Rockefeller he would let it go at wholesale for $3. The sale was concluded and as Rockefeller left the shop, a woman said loudly to the owner: “To a Rockefeller you give a discount, to me never.' (Tomorrow: Nelsor Lad a 25c.ent allowance as a bey and the shoeshine concession ) Slick Chicks STORRS, Conn. (UPI) — Get slick, chick or it’s the sack. That’s the word around the barnyard these days. Poultry Scientist Edwin P. Singsen of the University of Connecticut, has laid out a controlledfeeding schedule for hens to hold down their weight and make them more productive. Those who get too hefty get the axe. The Roman amphitheater at Arles in Southern France is still j used for spectacles, with bullfights a favorite attraction.

THE DECATUR DAILY DEMOCR-*. BKCATUR, INDIAN*

Before entering passenger service. a commercial jet transport undergoes fatigue resistance tests equal to 100 years of actual operation.

cmLi fl : x HI CALLAS* FROM DALLAS - Opera star Maria Callas, whose arias are superb but whose professional contract dealings are mostly obbligato, signs an autograph on her return to New York from Dallas, Tex., where she sang tn “Medea’’ just after being fired from ths Met. Too bad New York is without art, was the tenor of stormy soprano’s comment

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Three Democrats In Line For Nomination Ad lai Stevenson's Chances Are Dimmed By LYLE C. WILSON United Press International WASHINGTON (UPI,) They were saying around the National Press Club lunch table that last week’s election had dimmed if not extinguished any chance Adlai E. Stevenson might have had to be re-nominated for president. “Too many Democrats hit the jackpot last week,” said a pundit. "Yup v » said another, “and all of them will be in line ahead of Adlai for that nomination.” "Yeah, thass’ri’,” said a third. Well, however that may be, there were at least three Democrats who hit the jackpot last week. They were, in the order of the magnitude of their victories: i Sen. John F. Kennedy who polled I nearly 75 per cent of the vote in Massachusetts agaihst a political nobody. It was a great triumph. > even so. Kennedy remains the : leading prospect, for his party’s 1960 presidential nomination. Brown for President Boom New Jersey's Democratic Gov. Robert B. Meyner stayed solidly in the winter books by getting his candidate for the U.S. Senate home in front. That was not to be. according to the pre-election . pulse feelers. The Republicans honestly expected to win that | contest. Meyner threw an unexi pectedly effective block to stop ’ the GOP. The third Democrat is Edmund ■G. (Pat) Brown, governor-elect of California. Brown, like Kennedy, is a Roman Catholic. Old timers with vivid memories of the prohibition and Ku Klux Klan political wars of the middle and late 1920 s would not have expected the . Democrats to come up with two legitimate Catholic contenders for the Democratic presidential nomination midway in the 20th Century. I But there they are. Moreover, there is evidence of an effort to | get a Brown-for-president boom ' off the launching pad. Political writers in Washington and, doubtj less nationwide, have received i from Brown’s Los Angeles politii cal headquarters the opening blast |of what looks like a bid for grass roots delegates. There are three mimeographed pages in this document,. Line by line, it is an appeal for support for a “man who is warm, human and gregarious and at the same time a political realist.” A poor, but hosen.t hardworking boy who had to make his own way. That’s Pat Brown. Lists Brown’s Firsts Midway in this recital of Brown’s difficult early years, the document takes aim at the man the Democrats, perhaps, must lick in 1960: “Brown’s humble beginnings,” it says, "stand out in sharp contrast to those of another new figure on the national political scene, Gov.-elect Nelson A. Rockefeller of New York.” That’s all about Rocky. There’s more about Brown, as for example: “He appointed the first Negro ever to be an assistant district attorney ... the first ChineseAmerican to the district attorney's staff. “When a hotel clerk in Arizona

told him there was no room for his Negro aide, Attorney General Brown told him brusquely: ‘Put another bed in my room.’ “When a Phoenix hotel hosting a national convention of attorneys general advertised that it catered ■

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to ’Gentiles only,’ Brown protest- 1 ed so effectively that the convention was moved.” j The last sentence adds that “Above all, Pat Brown has pledged himselif to four full years pf service to the people of Cali- ’

THURSDAY, NOVEMBER 13, 1938

fornia.” That would keep him in as governor two years beyond 1961). Hmmmmmmrr! If yov nave something to sell of rooms lor rent, try a Democrat Want Ad — They bring results