Show MOVIES BEGIN RETRENCHMENT Wages Slashed by Para Para- Paramount Paramount Paramount mount to Meet Ser Serious Serious ious Situation LOS ANGELES GELBS June 23 By By The Associated A Press The The first economy move In the motion pic plc- picture picture ture Industry which Is predicted ultimately to have far tar reaching effect came In the form of ot a 10 per cent cut In ln n all aU salaries which now exceed O a n week an an- announced flounced by Jesse Iw L Lasky for tor forthe forthe the Paramount-Famous Paramount Players Players- Lasky Sky organization In making the announcement Mr lr Lasky y who Is vice president of ot the big movie organization said Eaid the salary cut was only one of many enany economies that will of ot necessity be made I A serious situation has arisen ansen In the motion picture Industry I his statement said and we might I as well face the facts These are that the net Income from pictures s sIs is not sufficient because costs have mounted mount d too high The In in- Industry Industry as a. a whole has been spend spend- spending spendIng spending ing too much for what It has hilS been Doen getting and as far as Para Para- Paramount Paramount Paramount mount is concerned we can go goon goon goon on this way no longer The Phe request to to accept a a. voluntary tary reduction in salaries Is only the first step we e intend to take to protect the future of our business We Ye are even en placing the situation up to our contract players and will ap ap- appeal appeal ap- ap appeal peal to them to meet the issue by accepting the reduction Lasky declared that his own salary salar and those of other officials were ere the first reduced and added that the tho entire New York office staff had accepted the reduction Extravagant expenditures upon unnecessary spectacles will have to be stopped the statement said although Lasky Lask declined to give any Indication as to the direction of ot other proposed economics |