The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-01-28
.DODD'S WAS
S250,0O0 A YEAR
STANDARD OIL SOLICITOR DREW
DOWN BIG PAY.
Wall Street Now Talking and Thinking
Principally of Russian Affairs-The
End of the War Would Stimulate
Finance-The Russian Debt a Large
One-The Attitude of the Waldorf
Astoria Speculative Crowd. ~ ...
Special to The Journal.

Special to The journal.
New York, JAM 2S.-S. @. I. Dodd, who has
resigned as general solicitor of the Standard OIL
probably drew the largest salary OF
any individual in the United States. Mr.. Dodd
has for years drawn an annual salary OF $2oO' ooo
The only other salary drawn by lawyer which
can compare with this is that of Francis Lynde
Stetson who receives annual retainer or
$50, 600 from J. p. Morgan & Co. This retainer
is given simply for the purpose Of allowing j. T.
Morgan & Co. to have the first call upon the
services of Mr.. Stetson. Whenever he is con-
suited he receives an extra fee. Sir Clinton
Dawkins, the head Of the London branch of ].
p. Morgan & Co., receives annual salary of
$25O,OOO. In addition he receives certain per-
centage Of the profits of the firm, which during
some years have amounted to larger sum than
his guaranteed salary. Next to Mr.. Dodd about
country is 100000 large number Of persons
are known to draw this salary. The largest
salary drawn by any railroad president is under
stood to be $4,000. Both A. J. Cassatt and
Wall Street and Russia.
The end of the eastern war would no doubt
have a yery~Eood effect sentiment and would
go far to reassure people. The feeling is grow
Ing here that moderate amount Of popular
government in Russia is now only a question OF
short time In the end this should be benef.
cial. While the news from the Russian capital
continued Of an alarming character, private in.
formation in banking circles was not Of cor.
hourses a better feeling prevailed, which was re
Elected in the recovery of English consos, French
rentes and Russian bonds.
The national debt of Russia is largely
held abroad than that of any other country III
the world. Expressed in American money, the
national debt of Russia amounts to about $780,
100000. OF this amount $500, DOC, 900 is owned
by foreign investors. France owns about 81 $780,
100000, Germany $500.OOO,O 900, the rest being
scattered turnout the European markets, with
$2OOOO,OOO held in the United States. Ever
should revolution occur which would result ii
overthrowing the Russian government, the gener
al belief Of Wall street bankers is that Russia
would make no effort to repudiate its nationa
debt. 1t is not believed that even the mos
reckless revolutionsts could afford to antagoniz,
the banking and investing interests Of the world
If such step should Unexpectedly be taken
| Russia would be completely ostracised by thu
rest of the world France and Germany ant
other European countries would also unqueston
ably combine to force Russia to make some com
promise with her creditors. Should the Frencl
investor. however. become panic stricken, ant
believe that there was danger of his holdings be
iEg reDudiated by Russia. it would be compare
| lively easy to start liquidation that would ex
| tend to Berlin, London and New York.