Word: millionaireâ
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Dates: during 1923-1923
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Born in Potsdam, N. Y., he has lived in Minnesota since his youth. He had only a common school education; then studied law. He made his fortune?he is a millionaire???as a corporation lawyer. But he is also a " trust buster." He was counsel for the Government in dissolution suits against the Standard Oil Co., the Paper Trust, the Union Pacific-Southern Pacific merger. He has been President of the American Bar Association...
...Qualifications. An ambassador ought to be a diplomat. More than that, he has to be a millionaire???especially at the Court of St. James. It is probably a moderate estimate that the occupant of that post must spend $50,000 a year in excess of his salary as Ambassador. This limits the possible candidates very materially. Judging by income tax returns there are only 10,000 or 15,000 millionaires in the country. Of this number probably half must be deducted for lack of proper education, a third of the rest for being Democrats, and nine-tenths of the remainder...
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