Good Reason

Good Reasons

In 1893, two clever men, Samuel Miller, John Mitchell, founded Life, funny weekly. Last week, Mrs. Miller, widow of Samuel, asked that a receivership be appointed for the Life Publishing Co., brought action to determine a "reasonable" salary for the President, Charles Dana Gibson, famed artist, charging that he had been "recklessly extravagant in managing the Company's affairs, had employed incompetent assistants, paid them excessive salaries. "Mr. Gibson's business judgment was characterized by Mrs. Miller as "poor", his contributions "not worth the excessive salaries now paid him." Since 1920, when lie bought a controlling interest in the company, Contributor Gibson has paid himself a salary of $30,000 a year for weekly drawings and $20,000 for being President of the Company.

A few minutes after filing the suits, Mrs. Miller's lawyers announced that they would be withdrawn. "We had perfectly good reasons for filing the suits and perfectly good reasons for withdrawing them," they said.