Wages of Raildom

How much does an important railroad executive receive a year? Four months ago the I. C. C. sent a questionnaire to Glass I roads on this subject. The replies, revealed last week, gave the first authoritative answer to the question. A railroad president last March was probably getting from 10% to 20% less than in 1929, may be receiving less now than in March; his yearly salary may run between $9,000 and $135,000, probably is around $30,000 unless he heads an important road. The salaries of 227 vice presidents ranged from $5,000 to $76,500. Reports on 27 chairmen showed their compensations ran from an average of $24,300 to $135,000. All told, 1,104 executives received $10,000 or more. How the situation varies from road to road may be seen by comparing similar lines. Two such comparisons are:

Santa Fe (13,568 mi.) William Benson Storey,

president $ 67,500

Samuel Thomas Bledsoe,

general counsel 45,000

Three vice presidents 98,950

$211,450

Southern Pacific (16,877 mi.)

Henry W. de Forest,

board chairman $ 22,500

Paul Shoup, president 90,000

Hale Holden, chairman of

executive committee 135,000

Angus Daniel McDonald, vice-chairman of executive committee 76,500

Ben C. Dey, general counsel 45,000

Five vice presidents 129,600

$498,600

Great Northern (8,400 mi., a "Hill road") William P. Kenney, president $60,000

Frederic Gerber Dorety, general counsel 21,500

Four vice presidents 94,000 $175,500

Union Pacific (9,841 mi., a "Harriman road") Carl Raymond Gray, president $ 90,000

Robert Scott Lovett, chairman (died June 19) 36,000 Charles Bronson Seger, chairman of executive committee $36,000

Fannin W. Charske, vice-chairman of executive committee 54,000

Henry W. Clark,

general counsel 37,800

Four vice presidents 103,500

$357,300

Other railroad presidents' salaries last March included: General William Wallace Atterbury, Pennsylvania, $135,000; Daniel Willard, Baltimore & Ohio, $120,000; Lewis Warrington Baldwin, MOP, $105,167; Leonor Fresnel Loree, Delaware & Hudson, $90,000; Frederick Ely Williamson, New York Central, $80,000; Edward Eugene Loomis, Lehigh, $72,000; Fairfax Harrison, Southern, $67,500; Walter L. Ross, Nickel Plate, $60,000; Clive Talbot Jaffray, the Soo, $45,000; Patrick H. Joyce, Chicago Great Western, $40,500; Morris McDonald, Maine Central, $31,500.

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