Show o RECEIVES BIG BONUS CHICAGOAN GETS 340000 FOR ONE YEARS WORK Wm V Kelley President of the American Amer-ican Steel Foundries Company Places Concern on a Strong Financial Basis Chicago From n clerk In his fa others hardwaro stole at Greenville Ohio to ono of the highest paid men in the world h the career of William Vallandlrigliani Kcllo of Chicago Mr Kelley who will receive 310000 for a years work Is president nf the American Steel Foundries company which ho haM placed on a sound and paying financial beets III the two years ho IHIH occupied the chief executive office In a dispatch from New York It was stated that a content has been started In Wall street to compel the directors of the American Steel Foundries company com-pany to pay a dividend oh tho profaned pro-faned stock It was through this contest con-test that the amount of Mr Kolley earnings became known I In going over the financial affairs of I the concern It developed that the company com-pany will make a distribution of moro than 800000 in bonuses to four oil clala Including Mr Kelley whose bonus will ho 320000 In addition to his salary of 20000 as president Tho other three officials who each will receive a bonus ranging from 105000 to 170000 In addition to his salary for tho fiscal year are First Vice President Robert P Lamont Chicago Chi-cago Second Vice President W W Butler New York and Third Vlco President George E Scott Chicago Tho disclosures came as a result ot tho discovery ot a contract made two years ago by tno directors of tho company com-pany with Mr Kelley and his associates asso-ciates when the directors were look Ing for an active man to tulle the pros idency Mr Kelley formally was first vlco president It Is asserted by those familiar with the affairs of the concern that Mr Kel ley stepped Into the breach when the company was In a bad financial way and brought it out of a deficit of 7GO 000 to tho present sound financial foot Ing guaranteed by 2500000 net earnings earn-ings for one year Mr Kolloy was born at Greenville Ohio 44 years ago Whllo attending school he assisted his father In the hardware store It was while working In the hardware store that young Kel Icy conceived the Idea of entering the railroad equipment business ilo came to Chicago nearly 20 years ago and entered en-tered the service of the Charles Scott Spring company It was not long before be-fore his salary was 5000 a year Later he started n plant of his own nt Hammond Ind which ho sold out to the American Steel Foundries company com-pany and accepted an executive position posi-tion with that coned Since theulils rlxu has been rapid Besides being president of the Amcr I 1 1W r i I ly2ZI4 + 1 NfJzY lean Steel Foundries company Mr Kelley is president of a steel car and railroad equipment concern at Montreal Mon-treal Canada Tho plant of this concern con-cern occupies 40 acres and Is one of tho largest Industrial enterprises In tho dominion Mr Kelley was married In Chicago 12 years ago to Miss Lilian Phelps and they live at 4849 Ellis avenue They have three sons William V Jr Una sell Phelps and Phelps Kelley Mr Kelley Is fond of playing golf and Is an enthusiastic motorist Ho Is a member of tile Midlothian Exmoor Qlon View South Shore Country the Chicago Union League Kenwood and Kenwood Country clubs and several loading New York clubs |