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ane . The Hearst Foundation is a front for the Hearst fortune. The foundation serves as a tax locnhsle fer that fortune, whe foundation donates an estimated #43 millicn a vear to cstablisnea charities to maintain its legal status as a founiation. The 1.5 million proposed to be coming from the founcaticn is nothing: more than half of vhat that foundation is legally required to ic- nate annually in order to maintain its foundation status. The assets of the Hearst Corp. have been stated many times, However, I will restate tnem again as some specific factors. As ve all knov, the Hearst Corp, is composed of a chain of maga- zines, newsparners and TV stations However I wisn to roint out two specific ones as examoles. Cosmopolitan magazine reaps pro-~- fits of $7 million to 78 million a year. Another is House Beguti- ful which reaps profits of 33 million to .4 million a year, The Hearst Gorn. is also’ composed of feature film industries anc ovnership of lumber companies anc large stock holdings in. Generali Motors, as well as land holdings in each of the cities where une newsnaper chains onerate. For example, ownership of one square block in New York City is valued in hundreds of millions of doilers for the land alone. . In total, the Hearst empire along with Mr, and lirs, dearsts! rersonal wealth does in fact go into the hundreds and hunureds of millions, Even if Mr, Hearst was to.give all that to the peorle, “with friends such as the Shah:of Iran ane Howard MNughes he wouls suffer no losses, However, even if Mr. Hearst were to pive ail of that to the peorle, he could never pay the people back for the past losses of their children and freedom, nor for the curzent suffering they are now under. The food plan proposed by Mr, Hearst is not at all acceptable as a gesture of good faith in its present form, It shali be ~ acceptable only in so far as it totally meets the svecifications as listed in the following 1. That an additional $4 million be adced to the #2 million already allotted, making a total of $6 million tc be used for the vurchese of food. We recognize that at wholesale prices aveilable to hir, Hearst and his designated "Feople In Necc" charity organization, he will be able to feed all who come to receive food, “Ye specify wholesale prices here occause we co . not intend for Safeway or any other supermarket to make a profit from feeding the noor. Nor do we intend for this to be another program wnich subsidizes the frod industry. 2, That this total of 86 million worth of food be distri- buted in the cities of San Francisco, Oakland, East Fale Aito, Richmond, San Jose, and Santa Rosa, That an aceauate mimber of cistribution centers be made available to various communities in these cities: San Francisco -- Mission District, Chinatown, Hunter's Point, “‘estern Addition; Oakland -- East and Nest.