Nathan Auerbach (1898 - 1986)

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Tzvi Benjamin Hirsch Auerbach

Tzvi Benjamin Hirsch Auerbach

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In 1898, in the year that Nathan Auerbach was born, magnate and philanthropist John D. Rockefeller's Standard Oil Company controlled 84% of the oil and pipelines in the United States. Rockefeller grew Standard Oil through the merger of several other small oil companies throughout the U.S., creating a monopoly.

In 1913, by the time he was only 15 years old, 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.

In 1925, Nathan was 27 years old when on November 28th, radio station WSM broadcast the Grand Ole Opry for the first time. Originally airing as “The WSM Barn Dance”, the Opry (a local term for "opera") was dedicated to honoring country music and in its history has featured the biggest stars and acts in country music.

In 1930, he was 32 years old when on August 6th, N.Y. Supreme Court Judge Joseph Crater went through papers in his office, destroyed some of them, withdrew all his money from the bank - $5,150, sold his stock, met friends at a restaurant for dinner and disappeared after getting into a taxi (or walking down the street - his friends' testimony later changed). His disappearance was reported to the police on September 3rd - almost a month later. His wife didn't know what happened, his fellow Justices had no idea, and his mistresses (he had several) said that they didn't know. While his disappearance was front page news, his fate was never discovered and after 40 years the case was closed, still without knowing if Crater was dead or alive.

In 1986, in the year of Nathan Auerbach's passing, on September 8th, the Oprah Winfrey Show went into national syndication. A popular talk show, it was number 1 in the ratings since its debut. The last show aired on May 25, 2011.