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Arthur L Sellers 1907 - 1997

Arthur L Sellers of Farmersville, Collin County, TX was born on September 1, 1907, and died at age 89 years old on March 16, 1997.

Arthur L Sellers

Farmersville, Collin County, TX 75442

September 1, 1907

March 16, 1997

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Arthur L Sellers Arthur Sellers (1907 - 1997)

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Arthur L Sellers' History: 1907 - 1997

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09/1

1907

Birthday

September 1, 1907

Birthdate

Unknown

Birthplace

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03/16

1997

Death

March 16, 1997

Death date

Unknown
Cause of death

Unknown
Death location

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Arthur L Sellers lived 18 years longer than the average family member when died at the age of 89.

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Arthur L Sellers lived 18 years longer than the average family member when died at the age of 89.

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Did you know?

In 1907, in the year that Arthur L Sellers was born, in October, over a 3 week period, the New York stock exchange fell almost 50% from the previous year's high mark. Public panic ensued and there were runs on banks since the U.S. was in the middle of a recession. J.P. Morgan offered his own fortune to back the banks and he was followed by other financiers. This temporarily shored up the banking system, stopping the immediate panic. All of this led to the creation of the Federal Reserve.

Did you know?

In 1913, Arthur was just 6 years old when ratified in February the 16th Amendment, establishing a Federal income tax, became law. Previously, customs duties (tariffs) and excise taxes were the primary sources of federal revenue. With the passage of the 16th Amendment, incomes of couples exceeding $4,000, as well as those of single persons earning $3,000 or more, were subject to a 1% Federal tax (that would be about $98,000 and $74,000 now). Rates rose to 7% for incomes over half a million dollars. Less than 1% of the population was subject to income tax.

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