THE PRESIDENCY: 750 Rich Men

Franklin Roosevelt was in a little better than his usual good humor one day last week when his newshawks came to press conference. The session had been postponed from the usual 10:30 a. m. to noon to get maximum attendance. Soon he was pouring into their ears a tale of unethical practices, of rich men who had avoided taxes by hiring high-priced lawyers to find loopholes in the law. He had before him case histories provided by the Treasury Department. One man had incorporated his yacht and transferred to the corporation $3,000,000...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!