The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-04-03

business spirit that he invariably dis
plays in dealing with questions Of fin
ance or industrial enterprise. Mr.. Mills
is a thoroughly practical man Of az
fairs
There are a large number Of able and
energetic business men who are contin-
ually impOrtuned TO accept director
ships in corporations. which. though
sound in themselves. desire the benefit
OF all of the developing business ability
and judgment that they can get Such
men have attributes of character and
worth above the ordinary. James II.
Hyde. vice president of the Equitable
Life Insurance society. is a young man.
but he is today director in twenty
eight corporations. and is eagerly well
coined into the board of all kinds OF
financial institutions. William II.
Baldwin. Jr., president OF the Long Is
land railroad, and Daniel 5. Lamont,
vice president OF the Northern Pacific
railroad, are also popular directors.
each of them being Influential members
Of more than thirty DoarSs.
James Stillman, president of the Ma
tional City bank, and the accredited
representative of the Rockefeller in
terests in various ways, could live a
life of luxurious ease on his legitimate
income as director in more than fifty
rich corporations. Yet he probably
cares little about the periodical sti-
ponds that the secretaries OF the differ
ent boards tender him.
Others Who Are in Demand.
Other men of large means and bust
ness activity who figure conspicuously
in corporate directories are: President
William II. Newman of the New York
Central, a member of forty-fOur
boards; Anthony n. Brady. in forty
four boards; George F. Baker, presi-
thirty-Six boards: Daniel 0'Day, of the
Standard Oil company, in twenty-One
boards A. D. Juilliard, the silk import
er and dry goods merchant. twenty
boards; Samuel Spencer, president OF
Southern railway, twenty boards; John
T. Terry, an old friend and business
associate Of Jay, twenty boards.
Charles w. Morse. head of the ice trust
and owner of many banks. twenty
three boards; Edward J. Rerwind. coal
operator. twenty-five boards; James J.
Hin. president Of the Northern Securit-
les company and Great Northern rail-
way fifteen boards. and n. H. Rogers,
of the Standard Oil company, twenty
five boards This list might be extend
ed until it became tiresone. Success
ful lawyers figure largely in corporate
direetorates. Francis Lynde StetsOn,
who is J. Pierpont Morgan's chief le-
gal adviser, is a director in twenty
five different companies.
A fnancier of large experience was
asked the other day how much money
was paid out in directors fees in New
York City in the course of a year. At
ter careful elaboration he said: The
total amount paid yearly for services
as directors Of various corporations
cannot be stated. even approximately.
There is not sufficient actual data on
which TO base a calculation. In my
opinion, it is safe to say that there are
100 men IN New York who hold, on an
average. twenty-five important direct
orships. These directorships that L
have in mind are all Of the highest
class, and they must pay at least So
600 q year to each man. That would
make s.. 100000 paid out annually by
corporations to 100 directors New
York Commercial Advertiser.