Uintah Basin Record | 1933-02-24 | Page 2 | Wickedness in High Finance

H Wickedness In High Finance News dispatches from Washington Washing Washing- ton reveal that Charles E. E Mitche Mitchell Mitchell Mit Mit- che chell l chairman of the National City bank of New York City told tolda a senate committee that he avoided avoid avoid- ed paying an income tax in 1929 by selling stock in the bank to a mem member er of his family at a loss of nearly I Later Mr Mitchell bought back the stock The result was that his report on his income showed a loss for the 2 Mr Mitchell admitted I outright that he evaded the income in in- in income come tax To the question of Senator Sen Sen- Senator ator Brookhart It was just simply simply simply sim sim- ply a sale of convenience to elude the tax wasn't it Mr Mitchell r replied plied You can call it that There is evidence that the doings doings do do- ings of some of our giants of high finance of which Mr Mitchells Mitchell's testimony is a good example make Al AI Capone look like a piker Wedo We Wedo Wedo do not intend to use these columns for a soak the rich campaign but we do insist that there is neither character patriotism regard re regard regard re- re gard for human right nor any sense of social values in this type of tax evader