James Whittier Parker: “Well, I want the gentleman to understand that I do not have anything against people being rich. I do not mind it at all.…”

“Well, I want the gentleman to understand that I do not have anything against people being rich. I do not mind it at all. Let me tell the gentleman one of the problems we have. I will tell my colleague this story about a family. There is a family in this country, one of the wealthiest families we have. Everybody knows their name. They own some land, and they bought it dirt cheap. Now, I had a farmer tell me one time, ``There are a lot of things in the world that are dirt cheap, dirt ain't one of them,'' but I have news for my colleague: This particular family bought some land and they bought it cheap. Now, on this land they put some hotels. Now, they did not pay much for this land, but what they did, they kept it through the years and they had these hotels on this land, and this was a pristine area. What they decided they would do is, they would turn around and they would give away the part that was not making money. And they did, they gave literally thousands of acres to the Federal Government. Their lawyers and their accountants out of New York sat down and, smart people, they sat down and they devised this system where they were going to give the Government this land at that day's value but they were going to keep the moneymaking part. They were going to keep the hotels. They did.”