The Texas Collectors
Congratulations on your excellent article [May 24] on Clint Murchisona great citizen of a great state.
Wouldn't it be nice if we unfortunate proletarians could take advantage of a tax bonanza such as is enjoyed by millionaire oilmen, i.e., a "depletion allowance which permits them to pocket 27½% of their gross income (up to 50% of their net) before paying a cent of taxes," so that we could live comfortably and, still have something left. But, alas! Someone has to pay those taxes!