Indianapolis Times, Indianapolis, Marion County, 1 February 1951 — Page 5

THURSDAY, FEB.1,1951 __ — Bing Crosby: 20 Years On Top .

Singer's High Taxes Plus Expenses

Cut Down Big Income, Brother Says By ERSKINE JOHNSON, Times Hollywood Correspondent HOLLYWOOD, Feb. 1—The fortune built in 20 years by Bing Crosby from starring roles in 43 movies, radio programs, the sale of 10,000,000 phonograph records a year| and ‘shrewd investments has been estimated as high as $5,000,000. § : His actual worth, down to the last Lincoln: head, may never be made public.

financially independent, which I His income in 1951 will be am'not. I'm certainly not going close to $1,000,000. ‘ to work any longer than I have But the income tax he pays/t0. Besides, I believe in what oncé ‘prompted Bob Ho to|George M, Cohan once told me.

- crack: . He said: . “Crosby just asks Uncle S8am| “‘Don’t stay on too long. Leave how much he needs.” when you can still hear the ap-

* That 90 per cent or more tax|plause’” rap in 1040, for example, was a| That's the only direct financial

staggering $377.000. ¢ word you can get from the Crosby He is reputed to have earned,(Ft. Knox except for a rough

for 20 years, but only nine of {$400,000 a year from record roydays of low taxes.

tune and complicated capitall ONLY THE Crosby clan, the/L.” and

formed in 1942 but which stilllhis annual income from invest. keeps higa ix a high (about 82)ments, annuit’ss. ead tax-ax; Mit) per cdaty Hvome tax bracket,’ you securitfes—and they're not Real

-“Bing 1s worth about $1,000,000 ing over his books. and that's not all in cash. He's always behind the eight ball on

|in his Pel Mar, Cal., horse racing]

ing tomorrow—the way he and|mored Dixie and the four boys live—he'd '1525me taxes. be broke in six months.”

* = Pittsburgh Pirates baseball team, ater.”

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| Mr. Music May Be Worth Million - But Larry Says He san’t Quit'No

from ‘all sources, $12,000,000 in|breakdown of Bing’s annual per- In tuxedo (which is rare) and without his $75 ‘he

the 17 years from 1933 to 1850. sonal income — two Pargmount! (which is also rare) Crosby and his wife are serenaded ot one of 50 many churches needed finan-! He has been a big wage earner motion pictures at $150,000 each, the few Hollywood parties they attend. ;

those years were the dear .dead|alties and $195,000 from his Billings, Mont. The Crosby .In- Dennis, the twins,

weekly radio program. |vestment Corp, has produced two 17 in July, and Lind About Crosby's hush-hush for-| ole ‘motion pictures, “The Great John(13 on Jan. 5.

gains Crosby Investment Corp.,| book experts and Uncle 8am know|which was a flop. As Bing's. business manager, Svbrett Crosby araws a salary off

ers ‘spend two months a year go-/Crosby arrived daily for *

] «0 income tax. If he stopped work- traci. for $481,000. It was ru- THE NAME o d most. of.this-went for back pears on many commodities, from

He's a 16 per cent owner of the television series,

BING says about his eventual which cost him $215,000, owns; There are big trust funds for campfire retirement: = stotk in the Hollywood Stars base- Crosby's four sons—Gary, who!all.” “I'll quit as soon as I can get|ball team, and another ball club iniwill be 18 in June; Phillip and! The Crosbys seldom entertain a tirkey ranch, They all died.”

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"© C. T.FOXWORTHY COMPANY, INC.

. THE INDIANAPOLIS TIMES

Money Pours in +=And Dut, Too

are heavy. * ” . THERE ARE

Jose, Cal.

a fishing shack in Idaho.

ly income goes to charity.

a BL

ing with Bing, on records and on his air show, “to pick-up alittle change.” But there are no $100

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‘mm UB. District Attorney Matthew WwW E. Welsh yesterday ordered seiz-

» salaries for employees of the Crosby, Investment State Board of Health, said the Corp. There's the. cost of raising Shipment arrived with spinach and educating the four boys—ull worms in the cans. , % attended 8t. John's Military, Academy jn Los Angeles- before ~ their entrance into the Bellerman ‘Jesuit Boarding School -at San

And there's the maintenance of | four homes—a 17-room Colonial! mansion in Brentwood, Cal, a. home at Carmel, Cal, (Bing's! favorite golf course is nearby), “the Nevada ranch operation and

Fifteen per cent of Bing's year- | 3 He is an active Catholic and! adpiece” as Larry recalls, “T never realized} cial support until Bing: made ‘Going My Way.” For six years who will pe @ll the profits of Bing’s recording | say, who was |0f “Silent Night” went to various ~ religious charities—an estimated! “Abie's Irish. Rose,” : boys’ o. | $250,000. | ¥ Lately the boys'have been sing { And there's the Crosby Research | Foundation to encourage inven= tors and scientists in their work. |

. » = ” i have to take brother Larry's word|ing. Crosby pays a tax expert{about $50,000 a year. Until his. sticking out of the boys’ blue| * ACCORDING to legend, Bing jor 1 ia ; $36,000 a year; Uncle Sam's snoop-|death several months ago, Pop jeans. Gary, for example, spent has the Midas touch, just cam’t}y ys Larry:

work” | one summer picking thistles én 'lose on any kind of an investment. || > at the office at 10, a. m., left the Crosby Nevada ranch at $1 a, He told me: : In 1945, Bing sold his interest Promptly at noon. $ {day. er | “I've 16st plenty .of money on 8» | The ranch, 60 miles from Elko, oil wells and race horses. I'd f Bing Crosby ap- Nev.—where Bing is honoraiy hate to tefl you what we lost pro-mayor-+is a 25,000-acre layout on ducing ‘Abie’s Irish Rose.’ Therc |frozen orange juice to a filmed which Crosby runs 2000 head of was a tidy little $200,000 written “Fireside The- cattle for profit, shoots deer and!in red ink in a three-year drouth i {pheasant for fun and sings by aon a cattle fanch at Los Banos, | “to get away from it Cal. I've had my share of turkeys in a lot of things—including

rn i TICES do 3.

it Orders Shipment 3 Of Spinach Seized .

Childrém ~~ who hate spinach added a strong argument to thelr | resistance today.

jure and céndémnation of 578

|cases of spinach. He charged ‘they had worms.

{ | Mr. Welsh said the spinach was, shipped here by an Arkansas can-|

in Hollywood style, but expenses ning company. |

| T. BE. Sullivan, director of the food and drug division of the

The suit was a libel action, which is against. the goods rather {than the owner, r

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