Democratic Sentinel, Volume 22, Number 26, Rensselaer, Jasper County, 16 July 1898 — DRAWS A BIG SALARY. [ARTICLE+ILLUSTRATION]

DRAWS A BIG SALARY.

President of Equitable Life Assurance Society Gets SIOO,OOO a Year. Henry B. Hyde, president of the Equitable Life Assurance . Society of New York, draws the highest salary in the United States. The President of the country receives $50,000 a year for his services. Mr. Hyde is paid Just double that sum annually for the work he does for the Equitable. He was born, one may say, in the insurance business. His father was the leading insurance man in New England, and

the son absorbed a thorough knowledge of the business. He launched out for himself when he became the cashier of the Mutual Life of ’New York. He was In the employ of that company when he originated the idea of the Equitable. Hyde unfolded his scheme to President Winston of the Mutual, but the latter frowned it down, saying no man connected with the Mutual could be interested in any other company Hyde promptly resigned and began the work of organizing the Equitable Life. It is owing to his great service that the company thinks SIOO,000 a year is a moderate compensation for him. It amounts to about 10 cents j

year from each policy holder. He believes in Insurance himself and carries about $200,000 on bis life. He wastes no time, so far as his company goes. He thinks his pay warrants him in giving all his time in return, and this he does. He is very quiet in his tastes and Is not very widely known in New York, so far as personal acquaintance is concerned.

HENRT B. HYDE.