Business: Corollaries

¶ In St. Louis, as a result of the Missouri Pacific Lines going into the new type of railroad bankruptcy (TIME, April 10), Federal Judge Charles Breckenridge Paris cut the salary of Lewis Warrington Bald- win, president of the "Mop," from $85,416 to $40,000 a year. He cut the pay of Senior Vice President Edward M. Durham Jr. from $40,000 to $19,200; of Fred Page Johnson, vice president (finance de- partment) from $22,300 to $13,800. Other salaries fixed by the Court: for vice presidents $6,000 to $18,600, for secretary & treasurer $6,000, for general solicitor...

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