$42,500 Family

$42,5000 Family

Estimating the family income of the Franklin Delano Roosevelts, FORTUNE last week presented the Democratic presidential nominee as essentially a salaried man without large private resources.

Last July FORTUNE reported the personal fortune of Herbert Hoover had declined from $4,000,000 to $700,000 (TIME, Aug. 1). FORTUNE calculates that Governor Roosevelt and his wife have a joint annual income of $42,500 distributed as follows: $25,000 salary from New York State; $12,500 interest on investments acquired by inheritance; $5,000 from a semi-inactive law practice, magazine articles, Mrs. Roosevelt's schoolteaching and her small furniture shop. Excluded from the estimate are Mrs. Roosevelt's prospective earnings as editor of Bernarr Macfadden's Babies Just Babies a sum largely dependent upon whether or not her husband is elected. Governor Roosevelt's mother, owner of the Hyde Park estate, is credited with capital assets of more than a half million dollars.

"Father says he wishes it were true," declared Son James when asked for Governor Roosevelt's comment on FORTUNE'S figures. Positive of its facts, FORTUNE regarded this as first-class weaseling.

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