The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-03-02

sary TO pay the regular dividends on the
common and preferred stock.
Mr.. Schwab, who In still a young M
only 40-has risen to his present place
In twenty years. although he started with
the modest income Of 81 a day, driving
stakes Ia an engineering corps. He says
that there were never so many oppor-
unities for the right kin Of young men
as to-day.
His first step was to make himself in
d~ispensable TO his employer. instead Of
continually looking at the clock. and this
required a lot Of hard work and self-reliant
manliness. Ho made up his mind that
nothing OF consequence in the manufacture
Of steel should remain unknown to him,
and he studied chemistry in a laboratory
which he fitted up in his own home; he
read and studied to broaden his general
knowledge, n inspired confidence by
always being sure Of his facts. lie was
wide awake and up 10 date.
The late Henry b. Hyde, President OF the
Equitable Life Assurance Society Of New
York. received a salary OF $4,000 a year
for his work. He was a man Of intense en-
ergy and constant activity, and, although
possessed Of a large fortune, he labored
day and night 10 build up the great insti-
tuition Of which he was the head. He worked
more hours and tool less vacation than
any subordinate in his employ.
A little more than two years ago. Ebert
II. Gary. who at that time resided az Whea-
ton. H., a suburb Of Chicago, was ele cted
President Of the Federel Steel Company,
which is now All integral part of the steel
combination, and his salary was fixed at
G ,0O0 a year. Having previously been
attorney for the Illinois Steel Company,
he had mastered the legal side Of the great
industry before he was able to command
such high wages. He specialized his
knowledge. and thus was able 20 attract
the attention Of the capitalists in control
Of the vast enterprises.
In the management Of great railway
systems, big salaries are not no unusual as
to attract more than casual eminent now
adays. There are a few men Of whom il
can be said they had the honor Of resigning
a salaried place worth $4,000 a year, but
when the late Pierre Lorillard died, last
July. it was old Of him that when the to-
bacco interests were merged into a or
p%oration, with him as President, at n salary
Of $4,000, he promptly resigned. saying
that he was too busy TO attend TO the duties
Of the office.
As a rule salaries are much lower In Eng
land. France and Germany than in the
United States. except in a few Of the higher
official places. The Ministers OF the Ger
man Empire receive three or -four times
the amount paid TO members Of the Cabinet
in Washington. Besides they have hand
some houses TO live in free Of cost and ser
wants paid 10y the Government. but their
subordinates are not so well paid IA men
occupying similar places in the Executive
Department of the United States.
There is said TO be a surplus of highly
educated. intellectual men In Germany.
and the price Of brains, like that Of other
marketable commodities. being regulated
10y the law Of supply and demand, many
scholars ara compelled to be satisfied with
Incomes Of from $50 to $50 a month. Much
the same condition exists in France,
One of the best-paid preachers in the
United States Is DR.. Emil G.. Hirsch, pas
tor of Sinai Congregation, Chicago, who
receives 3d. 900 a year and has a contract
for this salary running fifteen years from
1900. This contract was drawn up and
signed 20 prevent DR.. Hirsch from accepting
a cell to Temple Emanuel. New York.
Bishop Potter Of New York also has a SAL
airy Of $50 O Bishops Merrill. Warren, Foss,
Hurst. Walden. Mallalieu. Fowler, Vincent.
Fitzgerald, Joyce, Goodsell, McCabe, Cren-
ston, Moore, and Hamilton OF the Metho-
dist Episcopal Church receive 81 ,74O each.
The Rev. Charles NJ. Sheldon, pastor Of
the Central Congregational Church Of
Topeka, Kan, who gained fame as the
author Of I'm His Steps" recently had
his salary increased from 1920 TO s. so
a year, and il was said al the time that
he had refused an offer of $40, 900 a year TO
take charge OF a church in London.
The average salary of pastors in the
principal denominations in the United
States is about $1,000 outside the large
cities. In the leading cities the average
is about $4,000. though in New York. IL
one excerpts the pastors Of missions, it is
probably 5000. 1t is said that the salaries
of Episcopal and Presbyterian ministers
are higher on the average Than those Of
other denominations
1t is only in the great business enter
prises. however. that men may aspire 10
the highest salaries And the law Of price
or salary, whether for hand or brain, is
the skill: and the amount OF skill expended
IN the work IL as much for the market as
are the goods.