The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-05-14

est fee ever paid to an attorney for a
single service, which was 100000 cash
| for advising and assisting Decker. How
ell 4 Co., a firm of brokers, during the
panic caused by the collapse of the vii
lard Northern Pacific syndicate about
twelve years ago. His clients not only
cheerfully paid this amount, but after
their affairs We're settled presented him
with handsome silver service properly
| inscribed as testimonial of their conf
dence and gratitude. Mr.. Cromwell re-
ceived a similar amount, and some say
even more for his services as counsel
for the receivers of the Northern Pacific
and Wisconsin Central railroads; $780,,
600 was paid to the attorneys who adyis-
ed the reorganization committee of the
Union Pacific railroad but their services
continued for several months and five
or six firms were engaged.
Jose Ignatio Rodriguez. Washington
lawyer, received a fee of 100000 for
settling what was known as the Mora
claim against Spain. Grover Cleveland
was given check for 100000 by e. c.
Benedict for his advice in the organiza-
ton of the gas trust. Walter S. Logan,
of New York. received 100000 cash for
his services in a recent will case in Con-
necticnt. William NJ Evarts, Mr..
Choate. Alexander Il Green, Judge
Hoadley, Francis Lynde Stetson and
other New York lawyers who do a cor
poration business, have been making a
great deal of money recently by assisting
in the organization of trusts. Thier fees
for such services will average So, 600,
but this money is not only divided among
several persons, but is used to pay small
armies of clerks, stenOgraphers and as
sstants. A big law firm like Hoadley,
Iauterbach 4 Johnson, will have TWEEN
ty-ive or thirty, and some of them even
more persons on their pay rolls. Tracy,
Boardman 4 Platt, who are counsel for
contractors and other political clients,
make great deal of money. Judge Dill
lon, the attorney for the Gould sys-
TEN, has a salary of $4,000 year.
Judge Gary, of Chicago, who negotiated
the reorganization of the Federal Steel
Company, is said to have made 100000
in few weeks. President Harrison's
fee as counsel of the Venezuelan govern
ment before the boundary arbitration at
Paris will be $4,000. Ex-Secretary
Tracey. his associate, will receive $25,-
900. John w. Foster was paid 100000
for his services as advisor to the
Chinese government in negotiating the
peace treaty with Japan.
The largest salary received by any per-
son in the United States is paid to Mr..
Hyde. the president of the Equitable
Life Insurance Company 100000 a
year. He owns the controlling interest
in the company and simply takes the
money out of one pocket and puts in into
another Frank Thompson, president of
the Pennsylvania railroad. receives $780,
900 a year: Chauncey M. Depew, as
president of the New York Central re-
ceives $4,000. and few Of the presidents
of the great trunk lines are paid less.
John Gates, as president of the Illinois
Steel company, received a salary of S4O-
600. Four of the managers of the Car
negie company receive $4,000 eache to-
gether with an interest In the profits.
At least twelve OF the Carnegie superin-
tendents receive $4,000 each.
George Gould, who is president Of the
Western Union, the Missouri Pacific and
several other large corporations, receives
no salary from any of them.
Bank presidents in New York, who de-
vote their entire time, are paid from
$4,000 to $4,000 a year and enjoy I'M
usual opportunities for making money
outside. The presidents OF some of the ,
largest banks accept no salary at ALL !
Mr.. Williams, president Of the Chemical
National Bank, the largest in the Uni
ted States, is paid 500 month for his
w n CTIRTIS