Show Million Dollars Distributed as Christmas Gifts in Wall Street Ell YORK Dec 24 A A tidy NEW little fortune fortuno In Christmas gifts Is being placed toda today In Wall Streets Street's Christmas stockings It Is estimated that about will twill bo be paid out this year in Christmas Christmas Christmas Christ Christ- mas presents to tu tho the arm array army of or salaried sal sal- salaried aried employees In the financial district Tho The distribution pas haM been boen suing going on un for a week but in the the majority of ot cases the payment J ment of or bonuses Is on tho the day before Christmas The year ear now ending although a 0 fairly prosperous ono one for tor bankers has been a n loan lean ono one for tor stock stoel Jobbers jobbers Job Job- bers rs on account of ur the dullness in speculation For this ra son reason On I ho the Christmas total will be he smaller than in some bonie former fOrmel years In which trading in stocks was il h heavy lu In Inn sonic sorn om houses s In tine the street fled fixed amounts in Irn gold cold old lire are given ghen to clerks stenographers bookkeepers ers era and messengers rs and In others the employees receive a I percentage of their yearly salaries One of or ortho tho the largo large trust companies presented present present- ed to each ench employee from tram tho president dent dont down n BO IO O per Iter cent of ot his salary for tho the year ear Employees of ot J. J P. P Morgan organ J Co will not receive their bonuses until Just before beloro the close of ot the ct year r Th There re I is a n growing tendency In la Inthe Inthe lathe the financial district to substitute salary at tho fl first lt of at atthe the tho year for for tor Chr 6 bon bones ps on the ground that distribution distri trl of lump sums places no premiums on 01 merit A number of large Wall aU street institutions also atsu ha hn have o introduced the pension n t system fur for superannuated employees la JI laplace place of ot Christmas gift l It A |