McGovern's Assets

NOBODY was paying much attention back in January when George McGovern, then only one Democratic aspirant among many, disclosed his financial assets. The balance sheet makes more interesting reading now, and not only because he is his party's standard bearer. His economic and tax proposals last week urged a deeper tax bite into capital gains from the sale of securities and property. Though he owns no stock, McGovern listed among his assets $190,000 in real estate and rental property, doubtless worth far more now than when he purchased them, the sale of which would net him profits that would be more steeply taxed under his own program. The list of McGovern's total financial assets as of last December:

Cash in checking and savings accounts, $52,800.

A trust fund created in 1969, $62,000.

Balance due him on a loan he had made to the Democratic Party, $5,800.

Furniture in a Mitchell, S. Dak., apartment, $1,500.

Automobiles, clothing and jewelry, $10,000.

Equity from enrollment in federal retirement program, $31,100.

Rental property, $10,000.

Interest on a house in Aberdeen, S. Dak., $5,000.

Family home in Washington, D.C., $110,000.

Summer home in St. Michaels, Md., $65,000.

The total is $353,200, against which McGovern listed debts owed of some $81,600, which leaves him with a net worth of $271,600.

President Nixon, who released his own personal balance sheet in May 1969--he was then worth about $600,000--has promised a fresh accounting to the public soon.

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