The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-10-22

dahar, fead OF the army, receives $4,000
n year. Lord Curzon. the greatest vice.
roy OF India since Lawrence. got $4,000
| year for presiding over the government
of one-nfth Of The worlds inhabitants.
The trivial Hyde, as sharp n contrast to
rrrzon as can be conceived, was not
satisfied with 10000 from tho Equitable.
Other fields of activity exhibit contrasts
equally interesting. College professors
receive from an average OF 5000 or less
year 70 an extreme of $4,000. The
president Of Harvard, DR.. Eliot, gets tho
latter figure. John Mccall, tho ,ndstin-
g,,ished son or the president of the New
York Life. was drawing more than twice
as much short time after leaving coll
legc'' The eminent Judge Cooley draws
$1,000 as commissioner OF Interstate Com
,ncrce. "Gfford Pincot, widely known
as chief OF the Federal Bureau OF Forest
~, receives $500 year. c. Hart Mcr-
RAM with an International reputation,
draws 50, $50 rs the government biologist
The obscure Grannis receives $1,000 from
the Mutual MS its vice-president."
In like vein Golfers Weekly gives
some figures in graphic form. whose sig
nincancc Is apparent at glance. The
income of Richard McCurdy and son Is,
or was greater than that o. the Cover
nors Of all the fifty-one States and terri
tories combined Richard sru-urdy alone
gets more money our Of his position than
do the President of tho United States,
the vice-President the. entire Cabinet
and the Chief Justice, all together, set
out Of theirs Tie United States gov
eminent could obtain the services Of
eleven chief justices simultaneously
the John Marshall type. for inStanes-for
what the Mutual stockholders are paying
for McCuriy, and stu have about enough
left to hire second Vice. President or an
extra Cabinet member. Comparisons
might be multiplied indefinitely to show.
In the words of Golfers. now much
greater men it must take to manage an
insurance company than to run the
United States.
A further interesting phenomenon in
this connection is found in the fact that
coincidcntally with the increase IN the
officials salaries, the policyholders' divi-
dcnds have showed a striking tendency
in the other direction. The more the
McCurdys got out of the Mutual Life,
the less tho pollcyholders got. We merely
state the facts as such. a holder of a
5000 policy, for example, has stated that
his annual dividend dropped from $l49.96
iii 1872 to s11o in 1889. $50 in 1898, 500 in 1908,
and 81 in 1904. In another year or so it
might have vanished altogether or be-
come transformed into liability. The
AcCurdy family connection, however, had
in the meantime steadily found life in
surance a better and better thing. No
doubt this was what Mr.. Richard Nc
Curdy had in mind when he said that an
stitu,ion. It affords an opportunity for
the policyholders to show, their benevo-
ience toward the officials.
Our old ideas as to bases for figuring
salaries have been sadly upset. No doubt,
however. the investigations of Mr. Hughes
in The subways Of insurance management
will be attended with results which viii
help us to resettle them. II is barely
possible that the males Of the McCurdy
and Mccall families will have to be con-
tent for the future with salaries based
upon their native capabilities rather than
upon their facilities for plundering, and
may even find themselves confronted with
the novel prospect Of working for
living
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