The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-05-07

with the commission covering
business operations in 1887
showed that Eugene Grace, presi-
dent of Bethlehem Steel, was
paid a total of 1894 ,586, of which
$214,586 represented bonuses.
$4,000 TO SCHWAB
This was the highest remunera-
ton reported to the SEC in the
more than 1000 corporation state
ments that have been filed up 20
now.
Charles M. Schwab, chairman
of the board of Bethlehem. re-
ceived $4,000, while three di-
rectors-Quincy Bent, C. Austin
Buck and Paul Mackall-were paid
$154,376 each. This included
bonus Of $64.586 to each of the
trio.
The radio industry as reflected
by salaries and fees paid by the
Radio Corporation of America,
also enjoyed prosperity last year.
David Sarnoff, one of the RCA
heads, received $84,153, an in
crease Of nearly $4,000 over 1896;
James G. Hartford, another Off
cial, was paid $4,000.
$4,000 TO JOHNSON
Hugh S. johnson, former MIRA
administrator, was given $4,000
by RCA for advice on labor rela-
lions. Other payments by this
company included Otto Schairer,
$50, 900; John V. l. Hogan. patent
expert, $56,574; M. H. Aylesworth,
adviser on motion picture activi.
ties, $35 900, and Oswald Schuette,
special services, $4,000.
Sonia Henie, the blonde skating
champion and leading actress on
the Twentieth Century-Fox Corpor-
alton lot, received $210,729. Warner
Baxter headed the actors at this
studio with a salary of 1925, 961.
Daryl Zanuck, vice president,
drew 100000.
Universal Pictures paid Charles
r. Rogers, vice president, $104, 125;
George DeSylva, producer, $143,-
500. and James Whale, director,
$115,500.
OWEN YOUNG $235,OOO
General Electric Corporation
also enjoyed a good year, accord
ing to remuneration of it's officers.
Owen D. Young, chairman, re-
ceived $235 900, an increase of
$88, 500 over 1896. Gerard Swope,
president, also was paid $235, 900,
representing an equal rise in sal
airy. Charles E. Wilson, vice presi-
dent, was paid $56,833.
In its annual report, General
Electric called attention to the
fact that the net earnings of
Young and Swope were only $685.
292 after paying income taxes.
William S. Knudsen, president
Of General Motors, who was one
of the highest paid executives in
the nation during 1896, with
salaries and bonuses aggregating
$507, 900. last year received only
$140,380.
KETTERING'S PAY CUT
General Motors vice president,
Charles F. Kettering, also suffered
a heavy reduction in remunera-
ton. Payments to the latter
dropped to $95, 120 from $353,755
in the previous year. Donaldson
Brown, another vice president, re-
ceived $93.992::
w. P. ChrySler, chairman of
Chrysler Corporation, was re.
duced from 5000, 700 in 1886 to
$189,136 last year. K. T. Keller,
president, received $94,718, a
slash of $500, and B. E. Hutch
inson, $685., a cut of $4,000.
M. w. Clement, president of
Pennsylvania Railroad, was paid
100000 last year, a raise of
$4,000. Fairfax Harris, chair
man of the finance committee of
the Southern Railway, received
$1,000, an increase of 100.
OTHER SALARIES
Salaries of other executives re-
ported for 1887 as compared with
the previous year included (first
figure in each case the 1887 sal
ary):
Alpha Portland Cement Com
pany, EaSton, Pa, F. G. McKelvy,
president, $33, 452: $4,000. Con-
tinental Can Company, Inc, New
York, o. C. Huffman, president,
$72, 1866; $74,119. C. c. Conway,
chairman board, $72,86O; $74,077.
S. j. Steele, vice president, $37 1858;
$35, 800. United States Tobacco
Company, John M. DeVoe, presi-
dent, SGT 1889; $82,246. J. w. Pet
erson, executive vice president,
$43,537; $55,852. o. C. Hank, vice
president, $43, 496; $53,572. West
inghouSe Electric and Manufacture
ing Company, A. w. Robertson,
chairman board, $169,227; $685.
58S. F. A. Merrick, president.
$126,950; $84, 485. George H.
Butcher, executive vice president,
$67.570.
Hotel Waldorf-AStoria Corpora
ton, Lucius Boomer, president,
500, 1920, $4,000; Augustus Mule,
secretary-treaSurer, $23,4O5, $685.
425; oscar Tschirky, catering man
ager, 1891, $20,776. Union Oil
Company of California, L. P. ST..
Clair, president, $4,000, $48, 900;
r. D. Matthews, executive vice
president, $4,000. $4,000. West
ern Pacific Railroad Company,