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...Wiggin companies netted $2,798,000 despite $5.300,000 in losses in 1931-32. 3) That in the same five years Mr. Wiggin, wife, daughters and holding companies paid $3,493,000 in Federal taxes. 4) That in 1932 while chairman of Brooklyn-Manhattan Transit Corp.'s finance committee Mr. Wiggin sold 26,400 shares of B.M.T. just before the dividend was passed and Chase sold 55,000 shares of B.M.T. that had been put up as collateral for a loan to Gerhard M. Dahl, board chairman of B.M.T. Mr. Dahl, not called as a witness, quickly denied having...
...year for life. In addition in recent years he also received salaries from: American Locomotive, $300 a month American Sugar Refining, $300 a month Armour & Co. (now nothing), previously $1,000 a month, still earlier $40,000 a year American Express (formerly) $3,000 a year Brooklyn-Manhattan Transit (formerly) $20,000 a year International Paper, about $2,000 Stone & Webster (formerly) $1,500 Underwood Elliott Fisher, about $2,000 Western Union Telegraph, about $3,000 Finance Co. of Great Britain & America (formerly) about...
...speech sonorously accepting Tammany's renomination was loyally cheered by several hundred city employes but, since no newspaper was interested in him, it made scant news. Accurately he observed: "Everyone knows that the 5? fare does not permit a sufficient return on the city's enormous rapid transit investment. But the people have chosen to pay the interest on this investment in another form; that is, by taxation." The earnest, bumbling Mayor took credit for having dismissed 8,000 city employes, for saving $15,000,000, even for Samuel Untermyer's four-year financial rehabilitation plan worked...
...himself subscribed. These strikes were undertaken or threatened to: 1) force better codes at Washington as in the cases of the silk industry at Paterson, N. J. and the boot & shoe industry at Brockton, Mass.; 2) gain union recognition as in the case of 100,000 New York City transit workers; 3) revenge NRA violations as in the case of light & power employes. Senator Wagner's National Labor Board could not settle old strikes as fast as new ones cropped up. Re-employment gains were heavily offset by men called off their regular jobs. Aware that striking Labor...
...Atterbury's $103,883 wage was shown to be worth a mere $55,700 in 1913 money. Nevertheless, President Atterbury last week was moved to wire Coordinator Eastman that he had taken a cut to $60,000 Roosevelt. Gerhard Melvin Dahl, argumentative, square-jawed chairman of Brooklyn-Manhattan Transit (subway), who astonished lis squalling stockholders four months ago cutting his salary from $135,000 to $90,000, last week took another...