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Elmo Hadley 1901 - 1977

Elmo Hadley of Chicago Heights, Cook County, Illinois was born on December 4, 1901, and died at age 76 years old in December 1977.

Elmo Hadley

Chicago Heights, Cook County, Illinois 60411

December 4, 1901

December 1977

Male

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Elmo Hadley Elmo Hadley (1901 - 1977)

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Elmo Hadley's History: 1901 - 1977

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12/4

1901

Birthday

December 4, 1901

Birthdate

Unknown

Birthplace

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12/dd

1977

Death

December 1977

Death date

Unknown
Cause of death

Unknown
Death location

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Elmo Hadley lived 2 years longer than the average family member when died at the age of 75.

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Elmo Hadley lived 2 years longer than the average family member when died at the age of 75.

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Did you know?

In 1901, in the year that Elmo Hadley was born, John Pierpont "J. P." Morgan created U.S. Steel. J.P. Morgan was an American banker and financier who dominated U.S. business at this time. He had previously overseen the creation of General Electric, as well as International Harvester and AT&T. He has been referred to as America's greatest banker. U.S. Steel was the first billion dollar company in the world, worth $1.4 billion in 1901.

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In 1913, he was only 12 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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