Salt Lake Telegram | 1936-02-05 | Page 12 | 200 Executives Save Money by Giving Away $20,000,000

Executives Save Money By Giving A Away way WASHINGTON Feb 5 AP AP Escaping Escaping the higher gift gilt taxes which became effective the first of the year year ear more than executives executives tives of corporations saved mon money y by giving it it away in the last kit days of 1935 I 4 S Securities valued at approximately ly were taxed as gifts in December under tho the old schedules This brought bro to the total total to- to tal al of such gifts recorded I since M March by the securities com commie commis ls- ls sion zion The biggest gift recorded was that of Walter P. P Chrysler Chrysler- automobile automobile auto auto- 1 t mobile maker maker sh shares res of ot Chrysler common with a current market value lue of about The amount of ot th that that- t gift has been 1 exceeded ded only by the one recorded by John D. D Rockefeller Jr last Jast Ju June e. e k Cyrus H. H McCormick of Chicago was ne Hear flear r th the top in with witha ith a gift of ot 2000 shares shares' of ot International International Inter na Harvester comm common n. n valued d at a and d Joseph M. M Sch Schenck ck k of pf Beverly Hills Cal gave away 46 shares of common common and preferred of ve T Twentieth Century Fox Film stock valued now now a afar at around und Others for the tho month were Robert Rob rt rt-H. rt H. H Crawl Crawford Philadelphia rd common shares of or American Stores company F F. F. F C Curtze Curtze- rue Erie Ede Pa voting trust certificates of Columbian Carbon Cabon c company mp ny M M. S. S Her Hershey hey Hershey Pa Hershey Choco Chocolate l late te common A. A Ward Ford Binghampton N. N Y International International In In- Business Business' Machine Machine common common cornmon com com- corn com mon mon- f I George B. B Alvord Hartford Conn l shar shares s Torrington common Waldo Valdo A A. Avery Q tto t 1 x 9 shares U. sr U. U S. S Gypsum m common cornmon Adeline R. R Shumway Shumway Shum Shum- way way New NewYork York sl shares ar s Ritter flitter Dental Manufacturing common Four members member of the Newberry family gave common st stock ck in hi J J. J J. Newberry company valued at They are Charles T. T I shares Edgar A A. shares J. J J J. shares and nl Myrtle H. H shares All live in New York Those who receive the tho gifts usually usually usually usual usual- ly are not shown in of ot the tho transactions