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The Hemmingses' Prosperous Days and Hard Times
Prior to and during the late 1970's and early 1980's, the
Hemmingses were, at least on paper, wealthy. Mr. Hemmings'
salary from Brown Transport was approximately $400,000, and he
owned stock in Brown Transport and other assets. Mrs. Hemmings
owned several parcels of real property that had a value of
approximately $4,000,000. The annual income from these
properties was between $300,000 and $450,000. These properties
had been given to her by her father and/or inherited from her
mother. In 1979 the Hemmingses sold their residence in Atlanta
for $430,000 and purchased a residence in North Palm Beach,
Florida, for approximately $700,000, including remodeling.
Mr. Hemmings was essentially a "workaholic" for Brown
Transport. Mrs. Hemmings was a housewife and knew nothing about
Brown Transport. Mr. Hemmings did not generally discuss
financial affairs in detail with her; Mrs. Hemmings was aware,
however, that he had investments in other businesses and traded
commodities. The incomes of both Mr. and Mrs. Hemmings were
deposited into one account. From that account, Mrs. Hemmings
received approximately $2,000 per month for personal and
household expenses. If she needed further funds generally they
would be deposited in the household account. Given the wealth of
the Hemmingses, their lifestyle was not lavish and that lifestyle
did not change during the ACLI and ELMS years. As already
mentioned, the expansion of Brown Transport required large
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