Women As Capitalists

Manawatu Times, Volume LV, Issue 6747, 4 January 1932, Page 10

Women As Capitalists

POSITION IN AMERICA. REMARKABLE FACTS. NEW YORK, Nov. 11. * Remarkable facts have just been disclosed about the economic state of women in the United States. Women aro benelieiaries of SO per cent, of the £19,000,000,000 of life insurance policies in force in the United States; they pay taxes on more than £050,000,000 of individual income annually, compared with £050,000,u00 in the case of men; they constitute irom 05 to 40 per cent, of investment bond house customers in the United (states. Women millionaires, as indicated by individual income-tax returns, are as plentiful as men. They are receiving 70 per cent, of tho estates left by men and 0-1 per cent, of the estates left by women. Women to tho number of 8,500,000 are profitably employed. Taxes on incomes over £IOO,OOO a year were paid last year by 139 women, compared with 123 men. Taxes on incomes over £200,000 a year were paid by 44 women as against 42 men. Women are in a majority, or almost a majority, among shareholders in some ol the largest American corporations. Tho American Telephone and Telegraph Company, in an analysis 'S its stock-holdings made oil Juno 20, 1 93 T, says that stock is held by 324,701 women, or 53.9 per cent., compared witu 234,417 men, or 38.5 per cent. Women hold 0,(398,173 shares, compared with 7,237,301 held by men. The Wcstinghouso Air Brake Company reports that on March 31, 1931, it had 8211 women stockholders, holding 1,078,571 shares, as against 7(387 men stockholders, with 1,322,280 shares. If women maintain their present iinaneial ascendancy, all tho wealth of the United States, according to one statistician, will be in feminino hands less than a hundred years from now.