Salaries & Shares (Cont'd)

Up to last month the highest corporate salary & bonus for 1934 reported to the Securities & Exchange Commission was $250,000 paid to George Gordon Crawford by Jones & Laughlin Steel Corp. Last week's revelations gave top place to President Thomas John Watson of International Business Machines Corp. with $365,358 or $1,000,98 per day. Some were surprised to discover that Super-Salesman Watson has only $1,000,000* invested in the huge company which he created and from which he draws so regal a stipend.

Other recently reported salaries and stock-owning (with current market values) are:

National Lead Co.

Chairman Edward J. Cornish. $25,957

Shares. . . .18,808

President Fred M. Carter. . . .$33,333

Shares. . . .50

Price Per Share. . . .$170

St. Joseph Lead Co. President Clinton H. Crane. .$54,000

Shares. . . .10.003

Price Per Share. . . .$16

Addressograph-Multigraph Corp. President Joseph E. Rogers. .$40,800

Shares. . . .74,415

Price Per Share. . . .$11

National Steel Corp. Chairman Ernest T. Weir. . . .$53,671

Shares. . . .58,895

Price Per Share. . . .$50

Wheeling Steel Corp.

President William W. Holloway Shares. . . .$44,486

Shares. . . .508

Chairman Alexander Glass. . $42,157

Shares. . . .8,023

Price Per Share. . . .$17.75

Inland Steel Co.

Chairman Leopold E. Block. . $48,750

Shares. . . .31,128

President Philip D. Block. . $48,750

Shares. . . .30,185

Price Per Share. . . .$63

Otis Steel Co.

President E. J. Kulas. . . .$34,999

Shares. . . .100

Price Per Share. . . .$6

Schenley Distillers Corp.

Chairman Grover A. Whalen. . $78,196

Shares. . . .2,554

President Harold Jacobi. . . .$35,300

Shares. . . .24,862

Price Per Share. . . .$24

American Woolen Co.

President Lionel J. Noah. $85,300

Shares. . . .10

Exec. Com. Chairman

William B. Warner. . . .$30,300

Shares. . . .None*

Price Per Share. . . .$6.50

Freeport Texas Co.

President Langbourne M. Williams Jr. . . .$40,400

Shares. . . .1,000

Board Chairman John Hay Whitney. . . .$200

Shares. . . .19,850

Price Per Share. . . .$23

Nash Motors Co.

Chairman Charles W. Nash. . . .Not Reported

Shares. . . .246,750

Price Per Share. . . .$13

American Bank Note Co. President Daniel E. Woodhull. . . .$50,717

Shares. . . .3,627

Price Per Share. . . .$26.50

R. H. Macy 6 Co.

President Percy S. Straus. . . .Not Reported

Shares. . . .251,335

Price Per Share. . . .$35.75

A. G. Spalding & Bros.

Chairman Julian W. Curtiss. $19,000

Shares. . . .7,920

Vice Chairman

H. Boardman Spalding. . . .$15,000

Shares. . . .27,185

Director Robert T.

("Bobby") Jones Jr.. .Not Reported

Shares 1,000

Price Per Share. . . .$5.50

United Drug Co. President Louis K. Liggett. . . .$62,000

Shares. . . .15,865

Price Per Share $10

American Radiators Standard Corp.

Chairman Clarence M. Woolley. . . .$48,000

Shares. . . .50,029

Price Per Share. . . .$14

National Tea Co.

President George Rasmussen.$60,000

Shares. . . .15,658*

Price Per Share. . . .$9

American Commercial Alcohol Corp. President Russell R. Brown. . . .$50,797

Shares. . . .1,074

Price Per Share. . . .$23.50

*6,226 shares, recent market price $178 per share.

*Chairman Warner owns 310 shares of preferred. Both he and President Noah have a contract to collect from 2 1/2% to 6% on all American Woolen earnings over $2,000,000. Last year American Woolen lost $5,000,000. Mr. 'Warner also receives $134,553 as president of McCall Corp. (McCall's Magazine).

*Plus an interest in 55,000 shares held in trust.

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