The age-herald., 1898-06-24
THE L. & N. WILL
 RAISE WAGES An Advance Of Hall in Ten Per Cent
 Cut. WHICH WAS MADEGIN 1893 Would be Fully Restored Were il Not For Apprehension of Yellow Fever. RAISE GOES INTO EFFECT JULY 1 The Louisville and Nashville Will Declare No Dividend, But Give Its Army of
 Employees the Advantage
 of the Profits.

According to the agreement entered into between the employees and the officials of the Louisville and Nashville railroad in the early part of the year one-half of the 1J per cent. cut was made in the wages of all employees in 1893 will be restored on July l, and if yellow fever or some other mis- fortune does not demoralze business this summer the other half of the cut will be restored on the first of next January.
 No official information to this effect has been given out yet, but the local officers of the read say that from the information they have received there Is no longer any doubt about the first raise on July l. The dispatches out of Louisville also say that this fact is well established there.
 On all salaries of over A,0OO per annum a cut of 20 per cent was made in 1893, and on these also a raise of one-half Of the cut will be made.
 Went Into Effect in '93
 Tbis cnt went into effect on August 1, 1892 and has been in effect ever since on account of the business depression Of that year, the railroad was compelled to re- duce expenses in this manner and the em- ployees all took the reduction with a good grace.
 menced and thereby increased the earnings to the old figures, the road very commenda- bly agrees to raise the wages as lar as possible to the old figures.
 No Dividend Will Be Declared
 It has been decided, too, that no diyi- dend on the Louisville and NashYihe stock will be declared the management nreferring to give it's army of employees the benefit of increased earnings. With a continued improvement of buslhess' however the company will be 1n posi- ao1a also advance wages the remaining and 10 per cent.
 A circular letter, giving the above facts, will be issued within the next few days It means much to many, and the company deserves great credit for making thls move in the right direction It was Tn the power of the Louisville and Nashville to have continued the present salaries HI effect. and possibly never lose an employe because of it, but the management has shown that it is as good as it's word given five years ago, when the cut was made, in substance that when earnings Justified it the cut would be restored.
 The earnings for all but two weeks of the present fiscal year show total Of freight, passenger and instantaneous or $20 995 4S7, an increase of $1,45S,207 over a corresponding period of 1S96-97, of. S1,43O,- 914 over 1S95-96, of $2,50S,226 over 1S9i-95, of S2 792 720 over 1S93-94, and a decrease of only $530 413 over July 1, 1892 to June il, 1893, a banner year.
 The Amount of Salaries
 The Louisville and Nashville pays in salaries about $90O0,00O a year. There are about 1000 employees, their salaries rang ing from s15 to $2O,OOO. The 5 per cent raise to be made on July l will increase their pay rolls about $500000 a year.
 There is a great deal of uncertainty ex- pressed here as to whether all of the employees of road in this city will be effect ed by this raise or not. Since the agree ment was entered into in August, 1855, several strikes have occurred and numbers of men, especially in the Birmingham shops have been engaged without any reference to a restoration of the 10 per cent cut All of them hope, however that the road will do the liberal thing, and treat its new employees just as it does the old ones.
 The monthly pay roll in Birmingham amounts to at least $40,0oO, and the per cent raise referred to above will increase the amount paid out monthly in Birming- ham by the pay car to about $42,0o0.