Results of Race in England Accepted Calmly By Father of Two; Taxes to Take About $7000
Edward Jacobs’ income today was $20,000 more than usual—and it all happened while he was at his regular job as a grinder in the foundry of the Chevrolet plant in River Rd., Town of Tonawanda.
Mr. Jacobs, who lives at 569 E. Utica St., held the winning ticket in the first Haiti Sweepstakes.
When he heard his horse, Merriman II, came in first in the running of the Grand National in Aintree, Eng., he said without a flicker of excitement:
“Never before in all my 29 years was I so lucky.”
What would he do with the $20,000 — or the part the federal and state income-tax people would leave?
His voice was even and slow-paced—maybe a trifle unbelieving:
“We’ll put it away in some safe place until we’re a bit more settled and think over what we want to do,” he said, including his wife in his answer.
Federal income tax on the winnings probably will be about $5500; the state tax, about $1400.
Mr. Jacobs, native of North Carolina, has lived in Buffalo ten years and worked at the Chevrolet plant for five years. He has two children — Bonnie, 5, and Robbie, 3.
His usual weekly earnings for 40 hours total $98.
