The Pareto Law and Wealth Surprise Forecast
The article reports economist Carl Snyder predicting within 30 years one or two fortunes of two to three billion dollars, signaling the rise of the first American triple billionaire. Using the Pareto curve on income tax data, he argues wealth distribution remains stable across nations and that wealth grows with total production, not inheritance, despite rising prices and income.
MENTIONED IN THIS ARTICLE
Howard W. Blakeslee
Associated Press
Richmond
American Association For the Advancement of Science
Carl Snyder
New York
Economist
Vilfredo Pareto
George Washington
Mr. Snyder
Stephen Girard
Thomas Hancock
John D. Rockefeller
Henry Ford
England
Germany
France
United States
Andrew W. Mellon
Room and Board ends with Sara Sue and Thornton wedding kiss
A scene at the University Club follows a grand ball ending around 1 am. Sara Sue and Thornton share a heartfelt moment in front of friends as the crowd murmurs and the orchestra softly swells, hinting at a wedding song. The couple exits with arms around each other as the night winds down.
MENTIONED IN THIS ARTICLE
Thornton
Sara Sue
University Club
Edmonton records 51 below zero at airport
An official temperature of 51 below zero was recorded today at Edmonton airport in Alberta. The extreme cold affected city operations and prompted warnings to residents to stay indoors and limit travel.
MENTIONED IN THIS ARTICLE
Edmonton
Alta
Mattison Kidnapping Probes Move Into Third Year
FBI agents and authorities enter the third year of the Mattison kidnapping murder investigation in Tacoma as they pursue the unidentified slayer of 10 year old Charles Mattison. Sixteen thousand people have been questioned since the boy was abducted from his home December 27, 1936, with his body later found near Everett. Hoover calls it the bureau’s top assignment and vows to press the case until the kidnapper is captured or identified.
MENTIONED IN THIS ARTICLE
Tacoma
Wash
Federal Bureau of Investigation
Charles Mattison
W. W. Mattison
Everett
F.B.I
Pacific Northwest
J. Edgar Hoover
Mattison
Labor official to discuss wages and hours law in Alabama
Parley Set Montgomery Alabama December conference planned by Earle W. Dahlberg, a federal labor department representative, with business and labor leaders to review provisions of the wages and hours law. He will go to Selma and then Mobile later in the week.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Earle W. Dahlberg
Federal
Labor Department
Business
Dahlberg
Selma
Mobile
Christmas Socials and Sick List in Cullman County
The community reports Mrs. Loona McClellan remains ill for six weeks. Numerous Xmas parties occurred this weekend with many local visits and dinners. Jessie Holland of Memphis spent Christmas with his father J. W. Holland. Several locals visited Coonie Brown and Harb Guthrie. Diners and guests frequented Rigby and Bonds households. Pauline Aldredge in Akron sent Xmas greetings and New Year wishes.
MENTIONED IN THIS ARTICLE
Loona McClellan
J. D. Bonds
J. H. Rigby
Jessie Holland
Memphis
Tenn
J. W. Holland
Woodrow Guthrie
Lou Rigby
Bruce Bonds
Coonie Brown
Harb Guthrie
Alvin Holland
Vivian Guthrie
Stanley Holland
Decatur
Curtis Denton
Horace Russell
Laura Cooper
Liddie Jean
Howard Evans
Andrews Chapel
Earl Morgan
Lora
Pauline Aldredge
Akron
Ohio
Bell Telegraph
Fleet drills reveal five months of battle exercises
Gray ships of war pull from Southern California bases as the United States fleet girds for five months of intense exercises. Operations span the west coast to Panama Canal area, through the Caribbean, and up toward the Atlantic.
MENTIONED IN THIS ARTICLE
San Pedro
Calif
California
United States
West Coast
Panama Canal Area
Caribbean Sea
Reed vows independence as new Kansas senator
Senator-elect Clyde M. Reed of Kansas predicts he will be the most unpopular senator after a six-year term for being free and independent. He says he will work with Republicans, consult them, and make his own decisions even if a Republican is in the White House in 1940. Reed, 67, publisher of the Parsons Sun, describes himself with blunt emphasis and a sardonic polish.
MENTIONED IN THIS ARTICLE
John Henderson Washington
Clyde M. Reed
R. Kans
Kansas
George McGill
White House
Parsons
Sun
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Towne
Ato
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Gene Ahern
Ball
Gurley
Dr. Holgate
Sucre
Ernest’s Grocery
Transporitat Ve
Ghent
Cco
Motor Company
FIRST
Red Devil
M B ‘ Ice & Coal Company
First Avenue
Europe
Scott
U. S
R. J. Scott
Cencearr King
Mexico
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South America
Calgary
Canada
Hawaiian Islands
Cullman County
Corinth
Atlantic Coast
North Alabama
Moulton Street
Silk
Wolverine
Spo
Big Boy
Rose Marie
Pr. Shoes House
Penney’s C Penney Company, Incorporated