Bisbee daily review., 1904-08-27
Big Salaries
 and Big Fees
MEN WHOSE ABILITY IS VALUED
 AT HIGH PRICES.
There Are at Least One Thousand Persons in the United States Who Draw More Pay Annually Than is Ar lowed Occupant of White House.

salaries than the Pr;sila,t ., ,te United States This ioes not ;1clrce the incomes of mi,i1na.res from ir- yestments or the earrings of those in business for thense.res. but oriy these persons who are working on reg ularly stipulated salaries. Neither does the list include the income O. lawyers. although there are nam5er like Francis Lynde Stetson. for in stance) who receive regular annual re tanners of S50,000. MT. Stetson receives A retainer of s5o,000 year from J. F. Morgan & Go. simply for the privilege of calling on him first in any legal matters in which the firm may De ID. terested. This sum does not. or course. represent anything like the en- fire annual income of MT. Stetson
 The income of corporation lawyers yaties a great deal from year 10 year The largest single fee ever paid a law yer for conducting a sIugie case IS De lieved 10 have been received by Wil- liam Nelson Cromwell for his work in connection with the Panama Canal. He is said to have been paid a fee or
 
 g GOO 900 for his work ill that cOnnec- ton. James B. Dill is said to have received a fee of sl,000 900 for settling the suit between Andrew Carnegie and H. c. Prick. w. D. Guthrie is also understood to have received a fee of sI 900 .OOO for breaking the will of the late Henry Bradley Plant. These are believed to be the largest single fees ever paid lawyers in this country.
 Pay of Bank Presidents.
 The largest salary Vaid any bank president in this country is understood 10 be s50, 900. The presidents of sey- eral of the large Wall street banks and trust companies are known to receive this salary. There is also one bank president in Chicago who receives salary of s50,000 year. As a rule. however, the presidents of the large Wall street banks are very wealthy. and their salaries form only a small part of their annual incomes. Men of sufficient ability to gain the controlling position in prominent Wall street banks are sought for as directors in trust companies and other financial in- stitutions, to say nothing of the num- OtI Ol lEO4 NO-LAAAANNNIS O- which they are asked to serve. James Stillman, the president of the National City Bank, is a director in more than forty different corporations. All os these positions pay well and take up but little time, being in most instances cf an advisory nature. and without onerous duties. In this way the an nual incomes of the presidents of the prominent Wall street banks are very largely increased
 What Railroad Men Get.
 The largest salary paid any railroad presidents in the United States is S75,- coo. There are at least three presi- dents who are understood to draw this salary-A. J. Cassatt of the Pennsyl- vanla, James J. Hill Of the Great Northern. and L. F. Loree of the Rock Island. There are quite a number of other railroad presidents who draw annual salaries of 50000. Three years ago F. D. Underwood was the general manager Of the Baltimore and Ohio when one day he was requested by James J. Hill to make an examination of the Erie Railroad and report on the possibilities of the system. Aftei Mir. Underwood had made the exam ination he one day received a message from J. P. Morgan asking him to cal at his office. MT. Morgan asked him what he had found as the result of his inspection of the Erie. MT. Under wood replied that with free sway ht could save 25 per cent of the cost o operating the company and put it on 2 par with the other trunk lines. H' said that it would take the hardes work of his life, and that he woul' stake his reputation on it for $50 0,O0' a year His terms were accepted.
 Samuel Spencer of the Southern Railway, William H. Truesdale of tn, Lackawanna, E. P. Ripley of the Al chison, Marvin Hughitt of the Chicag and Northwestern and William H Newman of the New York Central ar among the railroad presidents who ar understood to draw salaries of $50 GOO year. Joseph Ramsey. Jr., of tn Wabash is credited with drawing
 salary of s40.000 a year. There are large number of other railroad pres dents who draw salaries ranging bt tween s25 900 and s35 ,O00 a year.
 Liberal Corporations
 In the matter of salaries the large industrial corporations appear to D more liberal than the railroads. s. T. Dodd, the general solicitor of tn Standard Oil Company, probably r' ceives as large a salary as any othe person in this country. He is sai to draw a salary of $250,000 yea When Charles M. Schwab was pres dent of the United States Steel Corpt ration he drew an annual salary C 3100,000. When Schwab resigned tn salary of the president of the steel col poration was cut to 5,000 year. Thi reduction was made because of the fac that many of the duties that M schwab performed as president wa turned over to various committees a ter his resignation In addition his salary of s75. 1000, William F. Core makes a commission on the volume ( she business of the company. In thi way his income probably average over S100000. The late R. $. Calli way, who was the president of tn American Locomotive Company, va