The Northwest enterprise. [volume] (Seattle, Wash.) 1931-1952, 1932-12-08
Abbott Is Proven
Millionaire

Continued from cage one.)
ing parties. Abbott. through his coun-
sci, joined with the court in an
effort to reveal as near as was wise
his present financial standing. Mrs.
Abbott, through her attorney. not
only sought to present that picture
to view, but also to turn it around
and show another of Abbott being
MIXED by high salaried employees.
Two of these employees touched
upon, Nathan X MeGill, $5,000-a-year
assistant attorney general of Illinois
counsel and general manager for the
Robert S. Abbott Publishing Com
pany and secretary of the corpora
ton, and Mrs. Genevieve Ridley.
cashier of the publishing company
were named
In response to the claim that the
company had lost $4,000 this year.
Cantwell pointed out that more than
$4,000 had been paid to McGill as
salary this year; that another ST.
900 had been given to McGill out
right and that Mrs. Ridley was being
paid at the rate of 500 a week. The
salary of these two employees, Can't
well insisted, amounted to more
than all the losses complained of.
Mr.. McGilPs salary is 500 a'week,
making him the highest paid en-
ployee in journalism. The court tes
timony showed that he had received
$4,000 in 1929, $4,000 in 1880.
$4,000 in 1881 and for the nine
months of 1882, $4,000. eaasa
100000 Salary
1t also was revealed that for the
year 1929 Abbott received a yearly
salary of 100000 and like amount
for 1880. In 1881 he was given a
$4,000 salary advance, but has
been paid nothing in 1882.
Instead of receiving money in
1892 he has paid considerable sum
into the company. Thus, on January
|, 1882, he withdrew S31, 900 from
his personal account and deposited
to the credit of the company to
meet some obligations.
In June of this year, after he is
alleged to have left his wife, he
transferred $254,0O0 in cash from
his personal savings account to the
commercial account of the Robert S.
Abbott Publishing Company.
He has therefore placed at the
disposal of his company this year,
in round numbers, a sum of 1884,
900, of which only $222,00 remain.
1t was indicated that between
September of 1881 and September
of 1882, the company lost $4,000.
Due 100000
Auditors, agreed upon by counsel
for the contesting parties, reported
that according to the contract which
Mr. Abbott has with his company he
is due a sum in excess of 5000, 900
and that a sum in excess of $4,000
is due Mr.. McGill. Mr. McGill also
admitted that Mr.. Abbott had $685.
900 in cash in two Chicago banks.
The auditors report showed that
Mr.. McGill's salary amounted to
more than the combined salaries of
all the employees of the Robert S.
Abbott Publishing Company, some
of the employees in the mechanical
department and Mr.. Abbot excepted.
In response to question, Mr.. Me
Gill implied that he did not consider
his salary excessive in view of his /
position and responsibility and point
ed with some pride to the improved |
status of the company during his
period of management. The operat-
ing expenses during his period have
been reduced more than half mil
lion dollars annually to approximate
ly a quarter million dollars.
Further action is expected in the
case this week from both sides. The
Abbott action is scheduled for Tues
day and Mrs. Abbott's for later in
the week.