^*The Senate committee sent over some disclosure forms to Casey, including a confidential financial statement. Taking a recent computer printout from his investment adviser, he listed:
• 68,600 shares of Capital Cities Communications stock which he had acquired in the 1950s when he helped found the company; the effective acquisition price was only 13 cents a share. Over the years it had gone up in value nearly 500 times—certainly the best investment he had ever made. The market value was now more than $4.2 million, or precisely $4,253,200.
• 24,800 shares of stock in various oil companies and oil service stocks, valued at more than $2 million ($2,169,037).
• Stock in IBM and various chemical, mining, mineral and other companies, valued at another $1.3 million.
• Government municipal bonds worth $208,000.
• Real estate totaling $1.2 million, including a $500,000 estimated value for his Long Island home, Mayknoll, another $500,000 for the Palm Beach residence, and $200,000 for an apartment in Capitol Towers, Washington, D.C.
• Cash, life insurance and other partnerships valued at just over $700,000.
He listed income for the previous five years, 1976 to 1980, of $183, 439; $221,470; $353,995; $252,775; $317,000.
With outstanding debt of only $5,000, his net worth was $9,647,089.
Addressing how to resolve a conflict of interest, he wrote: “by disposing of assets or establishing a blind trust if necessary.” Only if necessary; he had gone that costly route as SEC chairman.