[Congressional Record Volume 140, Number 65 (Monday, May 23, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: May 23, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
    THE 39TH ANNUAL DETAILED FINANCIAL REPORT OF SENATOR PAUL SIMON

 Mr. SIMON. Mr. President, it has been my practice in each of 
the 39 years I have spent in public life to volunteer a detailed 
accounting of my finances.
  I ask that my financial report for 1992 be printed in the 
Congressional Record.
  The financial report and related announcement follow:

                              Announcement

       For the 39th consecutive year that he has held public 
     office, U.S. Senator Paul Simon, D-Ill., has released a 
     detailed description of his income, assets and liabilities.
       Simon has been making the voluntary annual statements 
     longer than any other national officeholder, according to his 
     office. Simon set his policy when he left the newspaper 
     publishing business he had established to enter public 
     service as a state representative in 1955. He followed the 
     practice during his eight years in the Illinois House of 
     Representatives, six years in the Illinois Senate, four years 
     as lieutenant governor, 10 years in the U.S. House of 
     Representatives and now nine years in the U.S. Senate. The 
     listing predates disclosure requirements of state and federal 
     law and continues to exceed those requirements. Senate rules 
     today require only the listing of income in broad brackets. 
     Simon's practice also has set the standard for many 
     officeholders in Illinois.
       Simon also continues to exceed Senate requirements by 
     listing detailed income for his wife, Jeanne.
       The Illinois senator lists 1993 income for himself and 
     Jeanne Simon totaling $187,894.30. The figure includes his 
     Senate salary and reimbursements to Paul and Jeanne Simon for 
     travel and other expenses.
       The Simons had assets of $488,589.70 and liabilities of 
     $135,184.91 for a net worth of $353,404.79. Earlier 
     disclosures have shown Simon to be one of the least wealthy 
     members of the Senate.
       Detailed 1993 income statement of Paul and Jeanne Simon.
       Attachment follows:

             Income statement: Paul and Jeanne Simon--1993

General Income (Paul Simon):
  Salary, U.S. Senate.......................................$133,600.00
  State of Illinois, General Assembly System..................21,002.52
  Book Royalties..............................................11,460.56
  U.S. Senate, Expense Reimbursement...........................7,888.16
  Paul Simon Official Office Account, Expense Reimbursement......181.66
  Simon for Senate, Expense Reimbursement........................422.41
  NBC Travel Reimbursement........................................10.00
  Blue Cross/Blue Shield, Insurance Reimbursement................397.40
  Barnes and Noble Bookstores, Inc., Refund........................2.98
  Equicor, Insurance Reimbursement...............................168.87
  Southern Illinois Memorial Hospital, Refund.....................25.10
  Carbondale Clinic, Refund.......................................16.50
  Resort Realty, Deposit Refund..................................144.70
General Income (Jeanne Simon):
  Salary, Emeritus Foundation..................................2,000.00
  Social Security, (Entirely donated to charitable causes).....5,715.20
  Distribution from IRA..........................................800.00
  Social Security, Deposit Refund..................................5.38
Interest Income:
  U.S. Senate Federal Credit Union...............................160.09
  General American Life..........................................229.02
  Polish National Alliance of U.S.A...............................44.20
  South Shore Bank of Chicago.....................................31.97
Dividends:
  Adams Express..................................................576.23
  Credit Union One...................................................51
  Quaker Oats.....................................................57.60
  Scott Paper Co...................................................6.40
  Ralston Purina..................................................30.69
  Ralston Purina Continental.........................................61
  Dreyfus Growth & Income Fund...................................192.00
  Dreyfus Municipal Bond Fund..................................2,287.82
  Franklin Money Fund............................................125.86
  Wal-Mart Stores.................................................11.88
  Pacific Gas & Electric.........................................100.32
  Pax World Fund.................................................102.49
  Texas Instruments................................................8.72
  Fisher-Price.....................................................1.60
  General Cinema Corp................................................98
  Harcourt General, Inc............................................3.01
  Scudder Service Corp............................................77.83
  Smith Barney Fund................................................3.03
                                                       ________________

    Total income.............................................187,894.30

Dreyfus Municipal Bond Fund purchased on 10/30/92 for $14,148. Sold 580 
shares for $7,710 on 8/31/93. Sold 500 shares for $6,749 on 10/20/93. 
Net gain--$311.00.
Quaker Oats purchased on 2/5/88 for $1,578. Sold 40 shares for $2,741 
on 8/23/93. Net gain--$1,163.
Ralston-Purina Continental and Ralston Purina purchased on 1/67 and 
various dates for $523. Sold 1.7 of RPC shares and 32.0942 shares of RP 
for $1,409 on 10/10/93. Net gain--$886.

     Paul and Jeanne Simon: Net worth statement--December 31, 1993

General Assets:
  First Bank of Carbondale, Checking Account....................$110.93
  Credit Union, Rantoul...........................................26.69
  U.S. Senate Federal Credit Union, Checking Account...........3,915.51
  U.S. Senate Federal Credit Union, Savings Account..............145.18
  South Shore Bank of Chicago, Savings Account.................1,052.93
  Loan, Senator Paul Simon Official Office Account...............100.00
  U.S. Savings Bonds...........................................1,838.00
  Deposit, Harbour Square Apartments..............................50.00
  General American Life Insurance, Cash Value and Deposit......9,540.69
  Polish National Alliance Insurance, Cash Value and Deposit...2,474.15
  Congressinal Retirement System, Cash Value..................81,174.01
  Thrift Savings Plan.........................................23,488.13
  11.8 Acres & Home, Makanda, IL., (Appraised 1987 at $204,000)--
    Plus Improvements........................................235,350.00
  Furniture and Presidential Autograph Collection.............18,000.00
  1991 Chevrolet..............................................10,000.00
  1983 Ford Mustang..............................................800.00
Stock and Bond Holdings with Number of Shares:
  Cash and Smith Barney Shearson Daily Dividend Fund...........2,596.70
  Adams Express Co., Maryland 413 Shares.......................7,382.38
  Bethlehem Steel, 5 Shares......................................101.88
  Dreyfus Municipal Bond Fund, 1,650 Shares...................22,044.00
  Dreyfus Growth & Income, 238.774 Shares......................4,068.71
  Franklin Fund, 627.455 Shares..................................627.46
  Harcourt General, Inc. 7 Shares................................253.75
  Intergroup, Inc. 25 Shares.....................................625.00
  Jet-Lite, 120 (Approximate)....................................300.00
  Lands End Inc., 22 Shares....................................1,012.00
  Liberte Inves., 100 Shares.....................................162.50
  Mattel, Inc., 20 Shares........................................552.50
  Pacific Gas & Electric, 68 Shares............................2,388.50
  Pax World Fund, 179.815 Shares...............................2,432.87
  Quaker Oats Co., 4 Shares.....................................284.00-
  Rohr Industries, Inc., 6 Shares.................................66.75
  Scott Paper Co., 8 Shares......................................329.00
  Scudder Growth & Income Fund, 62.776 Shares..................1,082.26
  Texas Instruments, 12 Shares...................................762.00
  United M&M, Inc. 8 Shares........................................1.75
  Wal-Mart Stores, Inc., New 96 Shares.........................2,400.00
                                                               ==========
_______________________________________________________________________

IRA--Paul:
  Smith Barney Shearson Government & Agencies Fund.............1,221.46
  Adams Express Co. Maryland, 634.............................11,332.75
  Lands End, 17..................................................782.00
  Mattel Inc. De., 71............................................961.38
  Pacific Enterprises, 56......................................1,330.00
  Pacific Gas & Electric, 40...................................1,405.00
  Pepsico Inc.--North Carolina, 32.............................1,308.00
  Price/Costco Inc., 51..........................................981.75
  Quaker Oats Co., 142........................................10,082.00
  Sara Lee Corp., 20.............................................500.00
  Servicemaster Ltd Partnership Pub Partnership Shs., 27.........739.13
  Southwest Water Co. De., 86....................................838.50
  Southwestern Energy Co., 48....................................864.00
  Tootsie Roll Industries, 22..................................1,562.00
                                                             __________

    Total.....................................................34,907.97
                                                               ==========
_______________________________________________________________________

IRA--Jeanne:
  Smith Barney Shearson Government & Agencies Fund.............1,508.75
  Adams Express Co. Maryland, 616.............................11,011.00
  Pacific Gas & Electric, 40...................................1,405.00
  Pepsico Inc. North Carolina, 42..............................1,716.75
  Sara Lee Corp., 20.............................................500.00
                                                             __________

    Total.....................................................16,141.50
                                                               ==========
_______________________________________________________________________

    Total assets:............................................488,589.70
                                                               ==========
_______________________________________________________________________

Liabilities:
  Polish National Insurance, Loan..............................1,484.39
  General American Insurance, Loan.............................3,021.15
  LaSalle Talman Home Mortgage Corp..........................130,679.37
                                                             __________

    Total liabilities........................................135,184.91
                                                               ==========
_______________________________________________________________________

  Total assets...............................................488,589.70
  Total liabilities..........................................135,184.91
                                                             __________

    Net worth................................................353,404.79
Gifts, received of more than $25.00 value, outside immediate family:*
  Book from American Assembly....................................$25.00
  Two Baltimore Oriole tickets from Baltimore Orioles.............30.00
  Overnight at Arlie House from Berkley & Elinor Bedell (Value un250.00
  Book on great Chicago architecture from John Bryan (Value under250.00
  Book, Quilt Paths Across Illinois from Champaign County Forest 
    Preserve District.............................................34.95
  Fruit Basket from Larry Goodman (Value under)..................250.00
  Grocery samples from Grocery Manufacturers of America (Value un250.00
  Wager won from Carl Levin........................................5.00
  Two books from Library of America...............................70.00
  Bow ties from Mary Jane & Tom Masters (Value under)............250.00
  Children's home videos from PBS (Value under)..................250.00
  Coffeemaker from Philip Morris RJR Nabisco (Value under).......250.00
  Book, ``Turmoil and Triumph'' from Nick Veliotes................30.00
  Chinese vase from Roy Wu (Value under).........................250.00
  Webster Dictionary from Merriam Webster Co. (Value under)......250.00

*The law requires disclosure only of gifts of $250.00 and over. Paul 
Simon's statement includes all non-family gifts of more than $25.00, 
whatever the source.

                          ____________________