Joke

In 1922, Charles Garland, radical son of a Boston millionaire, took his $800,000 share of his father's estate and set up the "American Fund for Public Service" to fight capitalism. Most of the foundation consisted of stock of the First National Bank of New York. Last week Wall Street laughed heartily. Council for the foundation announced that in three years the foundation had made more than $1,000,000 by increase in the value of its investments, that although $500,000 had been given away, the principal of the fund was more than $1,200,000. In two years the stock of the First National had appreciated $1,000 a share.

Dr. Norman Thomas, Socialist candidate for Mayor of New York City and a trustee of the Fund, also saw the joke: "It's a joke an us and it's a joke on George F. Baker, chairman of the executive committee of the First National Bank. Haw! Haw! Haw! Think of George F. Baker making money for the radical movement!"

The Fund is planning to acquire a radio station not only to spread its propaganda, but also to give artistic programs.