The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-22

LIGHT CHIEFS
TOP PAY ROLL
Harley L. Clarke, Chicago
Utility Tycoon, Heads
Salary List.
U. S. BOARD REPORTS
Minton Promises to Probe
Setup During Current
Rate Inquiry.

Harley l.. Clarke, utility tycoon
who controls electric rates in In
dianapolis from a Chicago Office
was revealed today in reports from
the Federal Power Commission as
the highest salaried executive in the
indianapolis Power and Light Com
pary.
Mr.. Clarke drew $14,375 as of
June l, 1888, according to the fed
eral power commission report on
salaries paid officials OF the local
light company. G. L. Harrod, presi-
dent Of the indianapolis Power and
Light Company, received $12, 937 so.
AS head of the Utilities Power and
Light Corporation with headquarters
in Chicago, Mr.. Clarke is reported
to hold sway over ratepayers il
Indiana, Missouri, Connecticut and
other states. The holding company
which he heads controls the des-
tiny of the local light company.
Utility experts studying the re-
port of the federal power commits
sion on executive salaries, pointed
out that Mr.. Clarke and other Of
f1cers of the holding company nei-
Their live in Indianapolis nor spend
their incomes-derived from Indi-
annapolis consumers-in this city.
No Pay for Vice President
Listed as officers of the Indianap-
oils Power and Light Company, j.
N. Caravan, E. E. Carver, w. A.
Horner, E. c. Orion and Harry T.
Pritchard, vice presidents, are re-
ported by the Federal Power Com
mission as receiving no salaries.
Utility experts revealed that it is
not love of their work" which is
responsible for these socalled Off
Gals of the indianapolis Power and
Light Company not drawing salaries
here. None of the men listed above
are in indianapolis. They all hold
office with the Utilities Power and
Light Company in Chicago.
While neither c. L. Harrod nor
other officers of the local light COM
pany could be reached by The Times
today to explain the peculiar salary
schedule, the public service commits
sion, through Sherman Minton, pub
lie counselor, promised to look into
the salary setup Of the light COM
pany in its current investigation into
rates.
Attorney Draws S12,937
Salaries of officials are paid by
the light consumer" said Mr.. Min
ton, land as these salaries enter into
the cost of operation of the company
and have a definite bearing on rates,
I most certainly will investigate this
phase of the company's operation"
In the salary schedule of the To-
cal light company, the federal power
commission reveals that Bernard
Korbly, local attorney and general
cOuDSe flor the light company, re-
ceived $12,937.50 in 1888.
w. c. Richardson, treasurer, re-
ceived $10,350; Elmer E. Scott, Sec
rotary, $8,625; Walter G. Marmon,
chairman of the board $5175, and
Emmett G.. Ralston, vice president
in charge of operations, $13,16250,
according to the commission re-
ports.
Pay Cuts Included
Directors of the company, each of
whom received $40 for each meeting
attended, according to the federal
commission report, are Arthur V.
Brown, Harley L. Clarke, c. L. Har-
rod, Bernard Korbly, Walter C.
Marmon, Harry T. Pritchard, En-
met G. RalSton, w. G. Richardson,
Elmer E. Scott and Elmer w. Stout.
The salary schedule reported to-
day as of June l, 1888, was made
public by the federal power COM
mission after giving effect to a 10
per cent and one-half month vaca-
ton deductions
In an exclusive story on Jan. II,
The Times revealed that while the
clerks of the local light company re-
ceived a salary slash of more than
$4,000 in 1882, an addition of Sl4,-
200 was put upon the budget for
executive salaries, according to re-
ports of the Light company to the
public service commission.