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Federal Operation of Transportation Systems

Federal Operation of Transportation Systems


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918 Excerpt: ...but assign the wages of clerks, telegraph operators, conductors, and, brakcmen as, he reason for the financial troubles of the road.--On pages 47-50 is the following: SALARIES OP AND CONTRIBUTIONS TO OFFICERS AND DIRECTORS. The salaries paid to some of the principal officers at various periods were as follows: Per annum. H. U. Mudge, president $60,000 L. F. Loree, chairman executive committee (one-half to be paid by the Frisco) 75, 000 R. A. Jackson, vice president and general solicitor 50,000 R. R. Cable, member of board of directors 32,000 W. B. T.eeds, president 32. 000 B. L. Winchell, president 40,000 B. F. Yoakum, chairman executive committee 30,000 Daniel G. Reid, chairman board of directors 32, OO0 C H. Warren, first vice president 35,000 W. G. Purdy, upon his retirement from the presidency, was given two years' salary at $22,500 per annum. Mr. Mudge, president of the railway company and now one of the receivers, asserted that the troubles of the railway were in a measure due to increase of wages and governmental regulations. When asked what wages he referred to as being increased he pointed out the wages of clerks, telegraph operators, conductors, and brakemen. While he regarded the wages of these minor employees as having partially sapped the financial strength of the railway, he declared that the salaries paid to the higher officers of the company had no appreciable effect on its expenses. D. G. Reid, upon the witaess stand, was interrogated and answered as follows: "Question. Mr. Reid, do you think these men earned those high salaries? "Answer. I do not think there is a man who did not earn more than he was getting. "Question. In other words, you defend paying these high salaries? "Answer. I defend nothing. Here is 8,000 miles ...


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Product Details
  • ISBN-13: 9781231155462
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 26
  • Spine Width: 1 mm
  • Width: 189 mm
  • ISBN-10: 1231155469
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 68 gr

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