Sunday Gazette-Mail from Charleston, West Virginia on May 23, 1976 · Page 132
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May 23, 1976

Sunday Gazette-Mail from Charleston, West Virginia · Page 132

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Charleston, West Virginia
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Sunday, May 23, 1976
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Page 132
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Page 132 article text (OCR)

DEWEYlARTlETT, 57 (R., Okla.). Bartlett sold his interest in Keener Oil, estimated to be worth more than $1 million. Bartlett and his wife have placed their stock holdings in a blind trust. LLOYD HNTSEN, 55 (D., Tex.). Bentsen listed his net worth in March, 1971, at approximately $25 million. - His wealth lies in insurance holdings, cattle, land and oil. He is an attorney who became president of Lincoln Consolidated, a financial holding institution, before he decided to run for the Senate in 1970. In 1973 he placed all his assets in a blind trust. WHLLIAM E. MOCK, 45 (R., Tenn). Brock is a millionaire whose family owns the Brock Candy Co. of Chattanooga, also much real estate through the family firm, Century Co. Brock's wife, the former Laura Handly, is the slaughter of Laura Hutcheson, whose family formerly owned the Peerless, Woolen Mills, which were sold to Burlington Mills for about $10 million. HARRY F. IYRD JR., 60 (Ind., Va.). Byrd is a member of a family long recognized in Virginia for its apple orchards and real estate. He is easily worth a million but is tight-lipped about .his wealth and refused to answer the Nader questionnaire. He is the second person in the history of the Senate-to . . b e elected as an Independent. r )AMB O. EASTLAND, 71 (D., Miss.). - Eastland Is one of the wealthiest landowners in Mississippi, declines to state his net wealth. He, too, did not respond to the Nader questionnaire. . PAUL I. FANNIN, 69 (R., Ariz.). Fannin, according to sources in Arizona, is "easily worth from $3 million to $6 million." His family used to distribute propane gas, was also in lumber and hardware. HIRAM FONG, 68 (R., Hawaii). Fong is a self-made multimillionaire and perhaps the. single richest man in the U.S. Senate. He owns a large fortune in real estate, construction, insurance, and agricultural interests. In Honolulu, businessmen say that Fong, who is retiring from the Senate, rarely misses a moneymaking opportunity. He is a graduate of the Harvard Law School and a financially shrewd cookie. Fong did not respond to the Nader questionnaire. IARRY COLDWATER, 67 (R., Ariz.). Goldwater's fortune was founded in the Phoenix department store formerly owned by his family. His wife, the former Margaret Johnson of Muncie, Ind., is worth a fortune in her own right PMtN» HART, 63 (D., Mich.). Hart is not wealthy in his own right, but his wife is the former Jane Cameron Briggs, an automotive and real estate heiress. Each June, Hart makes a complete financial statement of his assets but does not reveal his wife's "because there are others of her family who are beneficiaries of the same trust sources. and this information would be an equal disclosure of their income." Hart, who is retiring from the Senate, always discloses his stock holdings and the sources of his income. EDWARD M. KENNEDY, 44 (D., Mass.). Kennedy is one of the wealthiest of U.S. Senators. His father, the late Joseph P. Kennedy, made millions in banking, importing liquor, real estate, and the stock market and set up multimillion- dollar trust funds for all his children. Senator Kennedy declines to disdose his net worth, but he releases his income tax returns which show income of almost $500,000, mostly from annuities, and taxes well over $200,000. Kennedy did not respond to the Nader questionnaire, RUSSELL LONG, 57 (D., La.). Powerful chairman of the Senate Finance Committee, Long is widely recognized as an "oilionaire." Much of his fortune was inherited from his father Huey, who owned the Win or Lose OH Co. JOHN |. McOHlAN, 80 (D., Ark.). McClellan is a millionaire with holdings in real estate, banks, a department store chain, savings and loan companies, and is a stockholder in Midwest Video, a TV cable outfit with outlets in Mississippi, Missouri, New Mexico and other states. JOSEPH MONTOYA, 67 (D., N. Mex.). Montoya Is a self-made millionaire who made his fortune in real estate. He is chairman of the powerful Appro : priations Subcommittee that oversees the Internal" Revenue Service, with which agency he has had trouble. OAftORNE PEU, 57 (D., R. I.). Pell is quick to declare his net worth, which in 1973 he listed at $3,157,818. Pell's fortune is a family inheritance. CHARLES PERCY, 56 (R., III.). Percy is the former head of Bell Howell, the camera manufacturers. He is worth at least $5 million. His daughter Sharon is married to a Rockefeller. JOHN SPARKMAN,76 (D., Ala.). Sparkman is a millionaire in real estate and other interests. His wife, the former Ivo Hall, owns the radio station in Albertville, Ala. Sparkman has always been shy about disclosing financial information. RICHARD STONE, 47 (D., Fla.). Stone is a graduate of Harvard and the Columbia University Law School. He is worth a million in corporate investments and . real estate, hie is married to the former , Mariene .Lois Singer, whose father founded a successful chain of hamburger restaurants. She is wealthy, too. - STUART SYMINGTON, 74 (D., Mo.). Symington, who plans to retire from the Senate, put all his holdings into a trust when he entered the government in 1945. As a young man he earned a fortune in clay products, radio, electronics and steel. In I960 he was worth more than a million. His wife, deceased, was the daughter of Sen. James Wadsworth, from whom she inherited one-third of an estate valued at $1.27 million. .ROBERT TAFT JR., 59 (R., Ohio). Taft inherited a family fortune that consists of TV and radio stations and amusement parks. Taft estimated his net worth in the vicinity of $2 million. HERMANTAIMADGE,62 (D., GaXTal- madge is a millionaire, via real estate, Talmadge Farms, Inc, a family firm that' processes food and meat, and Cagle's Inc., now listed on the American Stock Exchange. Admittedly the above list is scanty, and skimpy in detail and subject to quick change. Many of these Senators have substantial stock holdings, and, consequently, their net worth rises and falls. It is entirely possible that Sen. James Buckley (R.-Cons., N.Y.), whose family to heavily invested in oil, is now worth a million. The same possibility exists for Sen. John Glenn (D., Ohio), once heavily invested in Royal Crown Cola. Sen. Abraham Ribicoff (D., Conn.) has long been considered a millionaire by several of his colleagues, as has Sen. Adlai Stevenson III (O., III.). Estimates and guesses Until such time as Congress passes a law--and many are in the hopper- making mandatory the disclosure of personal assets of all federal officials who earn $25,000 and more, the public will have to make do with estimates, hearsay, guesswork, and with partial disclosure. The fact that 22 Senators, many of - them such honorable men as Mansfield, Stennis, Tower, and Thurmond, decline to make full disclosure of their personal wealth is adequate evidence that they consider it their own business. Any investigation of Senatorial wealth, however, will reveal that the U.S. Senate consists of men far wealthier than their constituents. The people of this nation have an average net worth of $4000. No one in the Senate is that poor. continued Senators who inherited wea/th C/a/bornePe//(R.U William E. Brock (TennJ Edward M. Kennedy (Mass.)

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