Evening star., 1934-12-10
INDUSTRIAL CHIEFS
SALARIES BOOSTED.
SHARPLY IN YEAR.
Securities Commission May
Extend Reporting Re-
quirement.
100000 INCOMES
RISE FROM 20 To 46
Decline Shown in $4,000 Farmers,
Attributed to Continuance
of Wage Cuts.
BY the Associated Press.

BY the Associated Press.
Salaries of executives of big cor
porationS were shown today in reg
iStration statements filed with the
Securities and Exchange Commission
to have jumped 200 per cent in some
instances this year, while others re-
manned stationary or increased less
sharply.
The. reports ranged from an un-
changed remuneration of $86,740 in
1888 and 1884 for E. M. Allen, presi-
dent of Mathieson Alkali Works, to
the S47,286 which Vice President
Daniel K. Weiskopf of National Dis
tillers Products Corp. will receive this
year against Sl5,640 in 1888.
In view of these figures, required In
the filing of security registration state
ments with the commission, and the
efforts in and out of Congress to bring
down excessive salaries and give In
vestors more light, commission OFF,
cials are considering move to ex-
tend the salary-reporting requirement
to top officials of all corporations. No
new law would be required.
S. E. c. Requires Reports.
Already corporations seeking to issue
securities have to report their officials
pay and bonuses, but this is not ap-
piled to corporations whose securities
were put on the market before the
securities act was passed
Meanwhile, report of another gov
ernmental agency. the internal Rev.
enue Bureau, disclosed last night that
net incomes of a million dollars or
more increased from 20 in 1882 to 46
last year.
OF these, one person whose name,
like all the others, was guarded care
fully, had a net income of more than
$4,000, 900 and another's was more
than $3,000,000.
The number of net incomes of S., 900
or less declined from 3,420,995 to
3,339.602, drop of 81 1893.
Speculation Believed Factor.
These figures, garnered from income
tax reports, cover much wider range
than the S. E. C.'s figures will, for the
latter will include only salaries,
bonuses or other income drawn by
corporation officials by virtue of their
positions. The Treasury's statistics
include taxable income of all kinds.
Official quarters inclined to believe
that profits from speculation and
changes in the tax laws had much to
do with the sudden growth of the
million-dollar class.
NJ r. A. rejected any suggestions
that code price and production con-
trols-now out of favor with recovery
rulers-accounted for the increase,
which drew new attention to the cur
rent agitation for a more even distri-
button OF wealth.
Increases Cited.
But spokesmen for the recovery ad-
ministration did claim part of the
credit for boosting corporation in
comes. The number of tax returns
showing corporations with net incomes
was 104,702 in 1888, an increase of
25,927, and the income figure went up
IS per cent to $2,506, ,078,279.
On the other hand, total net in
come-corporation and individual
dropped from $11 ,185 ,499 ,309 to s1O,-
845, ,653, ,532, the lowest since 1916.
The decline of 81 900 in incomes of
$4,000 or less was attributed in part
to the salary-cut movement.
Figures at N. r. A. indicate that
while dividend payments have gone
up, they have not advanced enough
to explain the sharp jump in the big
income groups.
Big Share to Small Farmers.
Internal revenue figures showed
wages and salaries supplied $7,196,-
828,256 of 1885 aggregate net in
come and that $5,407, ,000, 900 of this
went to the group under $4,000.
Business came next as a source of
income, with $1,393. .525, $50. OF this
amount $1,0l0,O00,000 was under
$4,000.
Dividends supplied $1,5S9, ,189 800,
and the buik-$412, ,0o0, ,000-again was
in the $1,000 or less class.
The Securities Commission files are
the source of the following informa-
ton:
Seton Porter, president of the Ma
tional Distillers' Products Corp, will