PAID LIKE PRINCES.

Poverty Bay Herald, Volume XXXI, Issue 10140, 29 August 1904, Page 2

PAID LIKE PRINCES.

The London. Daily Exipress draws attention to the huge salaries paid to the controllers of . America's great industrial enterprises, and 1 says that the announcemerit that one of the large Wall street banks had increased the salary of its president to £10,000 has excited. very little comment.' , There are scores of managers of banks, railroads, and "industrial concerns, who would turn up their noses at such a salary.. The record salary is probably the £50,000 a year paid to Mi\G. T. Dodd, the '-genera}. soJieitor ';' to Uie Standard Oil Company, who, io his early days, fought "Mr Rockefeller so successfully that he was taken up by the oil king as his principal adviser. When Mr Schwab was president of. the Steel Trust he drew £20,000 a year, which was reduced to £15,000 when his duties were lightened. This is, the salary now drawn by his successor, William P. Covey. H. H. ..Rogers, of the Amalgamated Copper Company, and H. 0. Havemeyer, of the American Sugar Refining Company, each draw £20,000; while C. A. Coffin, of the General Electric Company, is ~ content with a modest £15,000. Insurance officials also draw huge annual sums. President McCall, of the New York Life, receives £30,000 a year. Railroad presidents are not by any means underpaid; A. J. Oassatt, of the Pennsylvania, James J. Hill, of the Great Northern, and L.' F. Loveej of the Rock Island, get: £15,000 a year each. ~ Even the women who con. trol departments m large concerns receive almost fabulous salaries. There are at least half-a-dozen women m business and professional life m Chicago that are the recipient of £2000 a year.. This is the sum received by Miss Ada C. Sweet and Miss Ellen Martin, who hold positions m Lawyers 1 "offices. Sirs McCarthy, who was originally an employe m the dressmaking department of a large store, las now, after ten years' service, sole control of this side of the business, with £2000 a raaruud a uaniuussion on sales. ,