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Show THREE HIGHLY PAID RAILROADMEN GO Chairmen of Boards of Directors Di-rectors of Western Lines Off Payrolls. As a result of the economy plan inaugurated inau-gurated by William G. McAdoo, director general of railroads, three of the highest salaried railroad men In the country have lost their Jobs "for the period of the war" at least, according to announcement from San Francisco. These men are 23, P. Ripley, president and chairman of the board of directors of the Atchison, Topeka & Santa Fe; Julius Kruitschnitt of the Southern Pacific and Alvin Krech of the Western Pacific. These men were all chairmen of the boards or directors of their respective companies, but the government, it is announced, decided de-cided their services in such capacity was not needed during the period of government govern-ment administration of the roads, hence they were cut from the government railroad rail-road payrolls. Mr. Ripley, said to have been the highest high-est salaried railroad man in the world, drew $100,000 a year as president of the road and chairman of the board. Mr. Krutschnitt drew $65,000 and Mr. Krech, $o0.000. President Max Thelen of the California railroad commission is authority for the announcement that these big railroad men have been dropped from the government payrolls of the railroads. As he understands under-stands it, Thelen says, the object is to consolidate positions as much as possible, and, where it is possible, to select either the president or the chairman of the road to handle the property. While this course, according to railroad officials, might foretell a number of resignations, resig-nations, such action is not regarded as probable. On the contrary, It is expected that the Western roads will look after their executive officials' salaries in the same manner that a number of eastern roads have done. The latter, when their chairmen were dropped from the government payrolls and when their presidents' salaries were cut, volunteered, through their stockholders, stockhold-ers, to make up the difference between the new government salaries and those paid formerly out of the railroads' surplus. Ripley is accredited with being the highest paid railroad president in the world, with Samuel Rea of the Pennsylvania Pennsyl-vania a close second at JS5.000 a year. William Sproule, with a reported salary of $50,000, has ranked sixth, the heads of the New York Central, New Haven, Northern Pacific and Illinois Central ranking rank-ing above him. |