Deseret Evening News | 1908-06-23 | Page 6 | Smelter Expenses Greatly Reduced

v SMELTER EXPENSES President Guggenheim of A S SR SR R Has CUt Down His Own Salary Income BROTHERS DID LIKEWISE En A t Ch to In lie ho ler or 14 OH I INow Now New York Juno and In or of of thO tho American SmeltIng com puny I hn have e been rel ce ac according aCcordIng cording to Daniel GuggenheIm chair chairman man and president of the tho I lel left for or Mr GuggenheIm Oi on his return I a tour four trip abroad f se ct the bul ball rollIng b by reducing my own M I rl who doute their entire time timeto to the ot of the company also ro dl dued d their voluntarIly Like Ilko al all wel managed companies 10 ve out nUl augean early last spring and amid the cleaning process hll bait now boon been completed while our salary lid Is reduced by j OOOO I am informed that tim tho ot our labor ha from G 60 to 10 go 50 act celt cent to 10 nearly perfect That another great grent In expenses The report waD ino deniM denIed that A Chester Uen Beatty ty let the employ or of the tho Gug Daniel Guggenheim said that ll Mr Denty In 11 all probabIlIty would bo be the ot the Guggenheim ExploratIon company that Mr lr Guggenheim poInted out none ot of the Guggenheim drew any salary as aH or directors of Dr the Ou Guggenheim ExploratIon COlpany company