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Editorial
January 23, 1924
The Seattle Star
Seattle, King County, Washington
What is this article about?
Editorial critiques how legal bookkeeping requirements have escalated costs from $11,000 to over $500,000 annually for Anthony N. Brady's estate, arguing it burdens living expenses and praising simpler ancient methods.
Clipping
OCR Quality
98%
Excellent
Full Text
Book Keeping
Anthony N. Brady left an estate of 75 million dollars. In life he kept most of his books "in his head," and it cost him only $11,000 a year to look after his property, his son testifies in court. The son seeks relief, claiming the requirements of the law have increased this cost to over half a million a year.
Bookkeeping, originally intended as a device to cut expenses, in many cases has become a major factor in the cost of living. There isn't enough money in the world to pay for a "complete" bookkeeping system. The ancient storekeeper who kept his records in a nail keg was wiser than is generally conceded.
Anthony N. Brady left an estate of 75 million dollars. In life he kept most of his books "in his head," and it cost him only $11,000 a year to look after his property, his son testifies in court. The son seeks relief, claiming the requirements of the law have increased this cost to over half a million a year.
Bookkeeping, originally intended as a device to cut expenses, in many cases has become a major factor in the cost of living. There isn't enough money in the world to pay for a "complete" bookkeeping system. The ancient storekeeper who kept his records in a nail keg was wiser than is generally conceded.
What sub-type of article is it?
Economic Policy
Satire
What keywords are associated?
Bookkeeping Costs
Estate Management
Business Expenses
Regulatory Burden
Simple Accounting
What entities or persons were involved?
Anthony N. Brady
Editorial Details
Primary Topic
Critique Of Excessive Bookkeeping Costs
Stance / Tone
Critical Of Modern Regulatory Bookkeeping
Key Figures
Anthony N. Brady
Key Arguments
Brady Managed Estate With Minimal Bookkeeping In His Head, Costing $11,000 Yearly
Legal Requirements Now Increase Costs To Over $500,000 Yearly Per Son
Bookkeeping Originally Cut Expenses But Now Raises Cost Of Living
Insufficient Money For Complete Bookkeeping Systems
Ancient Storekeeper's Simple Records Wiser Than Assumed