The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-01-26
Other New Workers r Also
Compensated for Their
Brain Work
The President, the Cabinet and Other
Public Officials Receive Less Than
Some Business Men.

Some of the people in the financial and
commercial circles are telling Of a move.
ment among certain employers and heads
of great houses to cut down salaries for the
coming year. This line OF policy has been
dictated, it is said, by the events of the last
few months, and it has opened up a mos!
interesting discussion. says the New York
Times.
Chauncey Depew has always been very
reticent as to his salary as president Of the
New York Central, but others who appear
to be familiar with his income, say that he
certainly receives from the New York Gen.
trail $4,000 a year, and that he makes from
his outside legal practice an additional $685.
GOO, making his total income $1OO. 600 a year.
This may seem an exhorbitant sum to pay to
q man whose career by most folks is thought
to be one of unalloyed pleasure. But Mr..
Depew does not receive the $4,000 from the
New York Central in remuneration for any
severe manual strain on his part, but for
his comprehensive knowledge Of the affairs
of that company and his ability to direct
them with the least possible friction. Mr..
at night is filed with all sorts of people,
with all sorts of questions, and the man
who receives the big salary he does must
be able to answer them most satisfactorily,
and always in the interest of the New FORK
Central.
Then take some of the salaries of other
New Yorkers. II. b. Hyde. president of the
Equitable Life Assurance society. receives
$4,000; James w. Alexander, the vice.
president, $4,000. and John A. Mccall, the
comptroller, $4,000. Il. A. McCurdy.
president of the Mutual Insurance COM
the vice-president receives $780, 600. W. ii.
Beers. president Of the New York Life In
surance company. receives 100000, and DIR.
Henry Tuck, the vice-I resident, $4,000.
John II. Hegeman, the vice-president of the
Metropolitan Insurance company. receives
$4,000; d.; Q. Head, president OF the
Home Fire Insurance company. gets $780,
600, and John w. Murray, the v~ice-presi-
dent Of the German-American company,
$685. 900.
Then look at some of the salaries paid to
the chief officers of bank and trngt CON-
panies. Frederic z. OIcott. president of
the Central Trust company. receives $780,
600; Richard King, president of the Union
Trust, receives x50, 600; General Louis Fitz.
gerald, president of the Mercantile Trust
company, receives $4,000: John A. Stewart,
president of the United states Trust COM
pany, toddies along with $4,000; and Col.
w. N. Trembling, presidento of the American
Sufety company. receives $4,000. Presi-
dent Williams. of the Chemical bank, and
President Perkins, Of the Importers and
Iradtrs'. each receive $4,000. and the av-
erage salaries of other bank presidents in
New York is $4,000 to Eli. COO. There ID. a
long string of such salaries and the general
opinion is that the men earn their money.
The interests Of these vast companies are
oil under the minute observation of tho
commanding officer. These interests ex-
tend over all the globe and reGulro the
greatest Judgment and the most skillful
knowledge Of affairs. Many of these Of
fcers, by their keen knowledge Of affairs Of
state and nations, save the companies an
nuAlly ten times the salary they receive.