Page:1954 Juvenile Delinquency Testimony.pdf/118

106 T was a charter member of the association. I stuck with it for 2 or 3 years.

The theory was that we were going to vet all the publishers into it and then the burden of financial

Senator. Did yeu have any argument about censorship, about this gentleman, Mr. Schultz, who was here, not liking the kind of things you were publishing?

Mr. . No, sir. Mr. Schultz and I freqnentiv had disagree- ments which we would ven out and I would qnake the changes he required until T decided to resign,

The. Did you have any part, Mr. Gaines, in preparing that code?

Mr. . No, the code was prepared by. I believe, the first board of directors of the association. I was on the board of directors later on, but not at first.

The. Did you subscribe to the code?

Mr. . Yes, sir.

The. Did you think that publishing a magazine like this for example would still be within the code?

Mr. . No, sir,

Senator. You admit none of this would come within that code?

Mr. . Certain portions of the code I have retained. Certain portions of the code I have not retained. I don't agree with the code in all points.

Senator. The code that you have here. none of your stories would come in that code. You conld not print any of these if you compiled with the full code we read here this morning.

Mr. . I would have to study the story and study the code to answer that.

Senator. How much is your monthly income from all your corporations with this thing, Mr. Gaines?

Mr. . You mean by that, my salary?

Senator. No. How much do you take in a month from your publications?

Mr. . I wouldn't know monthly. We figure it annually.

Senator. Let us say gross.

Mr. . Gross, I don't know.

Senator. What is your best estimate annually?

Mr. . I would say about $80,000 a month gross,

Senator. How many books did you say you printed a month?

Mr. . A million and a half guaranteed sale. We print about two, two and a half million.

Senator. How much net do you make a month out of it, that is, the corporations?

Mr. . Last year it came to about $4,000 a month,

Senator. Do you have several corporations, Mr. Gaines?

Mr. . Yes, sir.

Senator. How many corporations do you have?

Mr. . I have five.

Senator. Why do you have five corporations?

Mr. . Well, I don't really know. I inherited stock in five corporations which were formed by my father before his death. In