On This Day | What Taxes Could Buy

Enough revenue to build five battleships of the U.S.S. North Carolina type, or 690 patrol bombers, or 7700 medium tanks was paid to the Federal Government by the distilling industry in the fiscal year ended June 30, 1940. Russell R. Brown, President of The American Distilling Company, Inc., displays a chart showing graphically what the total taxes of $356,477,006 paid that year by his industry would buy in defense materials. Since the founding of this Company fifty years ago in 1892 the industry has paid over six billion dollars in taxes.

December 4, 1941 | Ward County Independent