The Washington herald., 1918-03-18

of the nation, Mr.. Forbes declined to
receive any money remuneration. he
was fortunate enough to have an in
come sufficient comfortably to sup
port him and his family.
Commodore Vanderbilt, who was
the first to teach the lesson of the
economy that underlies the consoli-
dation or unification of railroad sys-
TENS, drew no salary from the Hud-
son River Railroad and New York
Central Railroad Company although
his service was Of q kind which
would justify payment to him Of as
large a salary as any railroad presi-
dent ever received.
His son, William H. Vanderbilt,
served as president of the Vanderbilt
system, succeeding his father the
commodore. without any remunera-
tlon in the form of salary. OF course
there was remuneration, but II was
based upon the appreciation OF the
value OF the securities Of the New
York Central system.
James J. Hill built the Great North
ern Railroad system. a stupendous
achievement involving courage, won
derful foresight, and persuasion of
men OF capital to furnish millions,
without ever having taken q penny
in the form of salary for his service
as president.
Mr.. Hill of course found his re-
muneration In the appreciation of the
securities of the Great Northern
Railroad system.
Jay Gould. when serving as pres
ident OF the Union Pacific and also
of the Missouri Pacific, a system
which he created, took no salary for
the service nor did he accept any
salary for services as president OF
various corporations with which he
was identified.
All Experts.
Former Governor Myron Herrick,
OF Ohio, declined the offer of a sal
ary for his services as president of
= large corporation. which he di-
rected with such skill as to bring
to him many tributes OF praise. He
was content with the knowledge
that he had built up a great insti-
tuition.
Governor Herrick's personal in
come was sufficient to support him
| and his family in comfort so that
he did not need remuneration for
services as president of this cor
poration. Occasionally this unwrlt-
ten law was unobserved.
When the late Frank Jones, of
New Hampshire. became president
| Of the Boston and Maine Railroad
system, he insisted, upon a salary
larger than that which his prede-
cessor had received. saying that it
was undigniied for any man to give
service free to a going corporation.
Mr.. Jones salary was not large,
about $4,000, but he was a man of
great wealth. a better trader per-
| haps than railroad man, although
| 1t was due chiefly to his fertile
brain that the Eastern Railroad
Company and the Boston and Maine
were consolidated into one system.
All of the members OF Mr.. McAdoo's 5
new stan have been almost exclu-
sively associated with railroad work.
Judge LoYett was brought into as
sociation with the Union Pacific be-
cause he had revealed unusual quail
tications for such service while act
ing as general counsel for the COM
pany.
Mr.. Hines was at first not an oper-
ating railroad man, his chief service
to the Santa Fe system being that OF
a. SON'SoiiOI. bul IL Is presumed
that the personal incomes of Mr.. Nc
Adoo's new stan. outside OF the sal
aries which they received while in
railroad employment, are not very
large.
II that be true. then there Is all
the more reason for referring to these
men as real patriots, since they were
willing to assist Mr.. McAdoo without
any compensation.
"HOLLAND."