The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-31
WAGES PAID IN
CITY O YEAR
$05,OOO,OOO
That Is Estimate for Last
Il Months More Than
Million Weekly.

Several bank officers made rough es-
timates today of the amount of money
paid in salaries and wages by Newark
manufacturing establishments and by
wholesale and retail dealers of all kinds
in the last twelve months, and the con-
sensus of opinion was that the total
was nigh SEA, 900, 900. which would make
about So, 400, 600 a month, and an aver
age of close on to 81 $50, 900 a week.
One bank president timated that tho
seven local national banks and FIVE ffust
companies paid out on pay-rolls OF mana-
facturers and wholesale dealers of all kinds
a total of over $4,000 900 a month, or 3d.
co., 600 in n year. He said some firms pay
their employees every week and others
every two weeks, and, therefore, he esti-
mated the total paid out in a month. in
stead of weekly. He said the largest bank
paid cut nearly 81. 100000 a month, the
others upward of $1,000, 600 each. and the
smaller ones from 100000 to 100000 each.
A vice-president of another bank said
the above estimate were too high and be
figured that the average paid out for SAT-
aries and wages in Newark did not ex~
coed $50, 600, 900 n year. He thought the
banks and trust companies paid out not
more than $40. 0o0,010 for pay rolls OF manu-
facturers. But hundreds of high-salaried
men In insurance companies and banks
and big corporations and companies, and
several thousand men and women in stores
Of all kinds were not paid through the
banks. These and the employees OF de-
partment and other stores were paid out
of the cash receipts on pay days.
The United States census report gives
figures relating to W manufacturers
and mechanics for the year 1905. Allowing
for the increase since that year, Newark
manufacturers of all kinds paid out IN
salaries to over $500 officers and clerks,
etc, and to upward of $1,000 mechanics
and other employees in the twelve months
just passed a total of over $35 1000, not
including the big salaries of presidents and
other officers of large corporations, their
travelling salesmen, expert chemists, IN
ventors. etc, and their expenses.
There are thousands of men and women
employed in department stores and by
other merchants, in grocery stores and
butcher shops and in the offices of lawyers.
real estate and insurance offices, besides
many hundreds of typewriters. There
are more than 1000 beer saloons and res
taurants in Newark in which many per-
sons are employed. and a very large NUM-
Der work in beer parks and dance halls
and other places. Nearly all of these are
paid each week out of the cash receipts
on the payday.
A bank man said he thought about 10 per
cent. of the estimated $50. 100000 paid In
salaries and wages in a year was deposited
In savings banks and trust companies.
That would make Sc, 0O0,OO0 a year saved by
mechanics and other workers in all lines
OF business. The bank man said a great
deal Of the money paid out for salaries and
wages also goes annually into building aud
loan associations to pay for homes for thu
workers.
Steam railroad companies and the Public
Service Corporation draw very large sums
of money from local banks to pay their
employees in Newark and the county. Blu
il Is largely lone through pay checks,
which are cashed at banks or at stores. Al
some of the big factories the paying OF
wages by checks or oders is coming into
practise.
In past years, when thousands of dollars
were put into satchels and driven from
a bank to a factory in the outer wards,
there were several hold-ups In Newark.
But employees like to get their wages In
cash IN envelopes, for they do not want
to bother getting checks Or orders cashed.
Therefore the check system will probably
not thrive here.