The Calhoun chronicle. [volume] (Grantsville, W. Va.) 1883-1984, 1899-07-04

yers, and MANY of the stories are no
doubt true. Nelson Cromwell, OF New
York, has the reputation of receiving
the largest single fee ever paid to an
attorney for a single service, which
was $500, 600 cash for advising and as
sisting Decker. Howell & Co. n firm
OF brokers, during the panic caused
by the collapse of the Willard North
ern Pacific syndicate about twelve
years ago. His clients not only cheer
fully paid this amount but after their
affairs were settled presented him
with handsome silver service prop
erly inscribed ms testimonial of their
confidence and gratitude. Mr.. Crom-
well received a similar amount. and
some say even more, for his services
as counsel for the receivers of the
Northern Pacific and Wisconsin Cen
trail railroads; $500, 600 was paid TO
the attorneys who advised the reor-
ganlzation committee of the Union
Pacific Railroad, but their services
continued for several months and five
or six firms were engaged.
Jose Iguatio Rodriguez, a Washing
ton lawyer, received fee of 5000, 900
for settling what was known as the
Mora claim against Spain. Grover
Cleveland was given n check for 500.
600 by T.. G. Benedict for his advice
III the organization OF the gas trust.
Walter 5. Logan, of New York. re-
ceiyed 500, 900 cash for his services i'm
recent will case in Connecticut.
William NJ. Evarts, Mr.. Choate. Alex
ander Il Green, Judge Hoadley, Fran
els Lynde Stctson and other New York
lawyers who do corporation busi-
ness, have been making a great deal of
money recently by assisting in the or
Ganization of trusts Their fees for
such services will average SO. 900.
bat this money is not only divided
among several persons. but is used to
pay small armies of clerks, stenogra-
piers and assistants. A big law firm
like Hoadley, Lauterbach & johnson.
will have twenty-five or thirty, and
some of them even more persons on
their pay rolls. Judge Dillon, the
attorney for the Gould system.
has salary of S2j, 900 n year Judge
Gary. of Chicago, who negotiated the
reorganization of the Federal Steel
Company, is sail TO have made SlOO.-
600 in few weeks President Harri-
sons fee as counsel of the Venezuelan
Government before the boundary ar
bltration at Paris will be 500. 600.
Ex-Secretary Tracy, his associate.
will receive S25, 900. John w. Foster
was paid 500, 900 for his services ms
adviser to the Chinese Government in
negotiating the peace treaty with
Japan.
The largest salary received by any
person in the United States is paid
to Mr.. Hyde, tho President of the
Equitable Life Insurance Company
500, 900 a year He owns the con
trolling interest in the company and
simply takes the money ont of one
pocket and puts it into another
Frank Thompson, President of the
Pennsylvania Railroad, receives $50
600 a year; Chauncey NJ. Depew, as
President of the New York Central,
receives S25, 900, and few Of the presi-
dents of the great trunk lines are
paid less
John Gates, as President of the IL
linols Steel Company, received n sal
ny VI - tVsVbb. IOuI OF the managers
of the Carnegie company receive S25,
600 each, together with an interest in
the profits At least twelve of the
Carnegie superintendent receive $40
600 each.
George Gould, who is President of
the Western onion, tho Missouri Pa
citic and several other large corpora
tons, receives no salary from any of
them.
Bank presidents in New York. who
devote their eLtire time, are paid from
SO, 900 to S25, 900 a year and enjoy
unusual opportunities for making
money outside The presidents of
some of the largest banks accept no
salary at all. Mr. Williams. President
Of tho Chemical National Bank, the
largest in the United States, is paid
500 month for his services.