Word: wenonah
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Dates: during 1930-1939
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...BACHE, well-known Jewish financier and philanthropist, head of the firm of the same name in Manhattan, organized two Canadian corporations. To one of them, the Wenonah† Development Co. Ltd., he transferred $13,000,000 of assets in 1930. Thereafter the income from this money escaped the high personal surtaxes which Mr. Bache would have had to pay if he received it directly. From his company he borrowed $2,300,000 in 1932 and in 1934 the interest which he then paid the company canceled out his remaining U. S. income, thereby making him virtually income-tax-free...
...favorite name with Mr. Bache. On Upper Saranac Lake (N. Y.) is his Camp Wenonah...
Other alert Readers who recognized the source of Mme Celarié's story were: James W. Gaynor, Albany, N. Y.; Howard Hildebrand, Lisbon, Ohio; Lee Keidel, Lawrenceburg, Ind.; James L. Stern, Philadelphia; Nelson H. Brooks, New Haven, Conn.; Cyril J. Bath, Cleveland; Edward H. Sapt Jr., Wenonah, N. J.; Gerald V. Strang, Berkeley, Calif.; David H. Shearer, Rochester, N. Y.; Q. L. Quinlivan, Arlington, N. J.; W. A. Gardner, Evanston, 111., Lewis C. Hawkins, Fair Haven...