The daily silver state. [volume] (Winnemucca, Nev.) 1903-1907, 1905-01-20
RECEIVE MORE THAN THE PREsI
DENT.

airy of the President from $4,000 to $lV0,-
600 per year it is interesting to note the
number of persons in the United States
who receive a larger salary than the
President.
The bill also provides for the increase
in salary of Congressman and Senators
but the Silver State thinks that If every
State in the Union has been as poorly
served as has Nevada in the last fourteen
years it would be better to pass a law
cutting salaries in two instead of
doubling them.
1t is estimated tina there are fully 1000
persons in this country who draw larger
salaries than the President of the United
States. This does not include the incomes
of millionalres from investments or the
earnings of those in business for them
selves, but only those persons who are
working on regular stipulated salaries.
Neither does the list include the income
of lawyers. although there are a number
like Francis Lynde Stetson, for instance
who receive regular annual retainers of
sos, 900. Mr.. Stetson receives a retainer
of $50, 600 a year from j. P. Morgan G. Co.
simply for the privilege of calling on him
first in any legal matters to which the
firm may be interested. This sum does
not, of course, represent anything like
the entire annual income of Mr.. Stetson.
The income of corporation lawyers
varies a great deal from year to year.
The largest single fee ever paid a lawyer
for conducting a single case is believed
to have been received by William Nelson
Cromwell for his work in connection with
the Panama canal. He is said to hav
been paid a Zee of 81, 900, 900 for his work
in that connection.
James B. Dill is said to have received
a fee OF 81, 10000 for settling the suit
between Andrew Carnegie and II. C.
Prick. w. d. Guthrie is also understood
to have received a fee of 81, 100000 for
breaking the will of the late Henry Brad
ley Plant. These are believed to be the
largest single fees ever paid lawyers in
this country.
The largest salary paid any bank pres
ident in New York is understood to be
$50, 900. The presidents of several of the
large Wall street banks and trust com
panies are known to receive this salary.
There is also one bank president in Chi
year. AS a rule, however, the presidents
of the large Wall street banks are
wealthy. and their salaries form only a
small part of their annual income.
The largest salary paid any railroad
president in the United states is SIS, 600.
There are at least three presidents who
are understood to draw this salary-A. j.
Cassatt of the Pennsylvania. James j.
Hill of the Great Northern and l.. F.
retired. There are quite a number OF
other railroad presidents who draw an.
nual salaries of $4,000.
In the matter of salaries the larger in
dustrial corporations appear to be more
liberal than the railroads. S. c. Il. Dodd,
the general solicitor Of the STANDARD Oil
Company, probably receives as large a
salary as any other person in this coun.
try. He is said to draw a salary of $780,
900 a year. When Charles M. Schwab
was president of the United States Steel
corporation he drew an annual salary of
$100. 600. When MI. Schwab resigned the
salary of the president of the Steel cor
poration was reduced TO SIS. 900 a year.
This reduction was made because of the
fact that many of the duties that Mr..
Schwab had performed as president were
turned over to various committees after
his resignation. In addition to his salary
of n 1000 William e. Corey makes a com
mission on the volume of business of
the company. In this way his income
probably averages over 500, 900 a year.
The head officials of the more impor-
tant life insurance companies receive