68
The Green Bag
is one of the famous fees of recent years. Edward Lauterbach, who reorganized the Third Avenue Railway in New York, was paid $200,000. What Senator
Elihu Root and Paul D. Cravath received for their legal work in connec tion with the transfer of the Equitable Insurance Company to Thomas F. Ryan cannot positively be stated, but the fee is acknowledged to have been a record breaker.
habilitation of the Chicago Subway Company are two of the famous cases in which he has been interested during the past year, in connection with his routine duties as counsel for the "Beef Trust,” the "Leather Trust" and one
or two other so-called monopolies. As the private legal adviser of J. Ogden Armour, one of his connections, Mr. Krauthofl would have enough business
to keep him busy all the time if he
Twenty-five thousand dollars was paid Delphin M. Delmas, who was
were an ordinary man.
engaged as special counsel during the
hold the title New York has given him, “the greatest corporation lawyer in the city," and Mr. Krauthoff had to follow like methods to win the place. He was born near Jefferson City, Mo., and his parents, who had emigrated to this country from Germany, were people of small means. His father was
first Thaw trial. Mr. Delmas was brought from San Francisco especially for this purpose. The will of Henry B.
Plant
was
broken
by
William
D. Guthrie, who was paid $800,000. Governor Hughes and William M. Ivins together received $42,500 for conducting
the insurance and public service in vestigation in New York.
Even that
distinguished representative of the "old school" Hon. Joseph H. Choate accepts $50,000 fees now where he formerly got $5,000. But he earns the $45,000 difference. He is as much a genius of hard work
as a man of brilliant mind. So are the others mentioned in the short list. From every sort of walk in life they have come up to the plane of the modern opportunity, which they have grasped
It requires strenuous application to
a petty storekeeper and probably did not take in as much in a year as his son now makes in a day. As a boy, Louis Krauthofi got only such education as the public schools
of his native town afforded.
His one
ambition was to be a lawyer, and as soon
as possible he entered the ofiice of Ewing and Smith, local attorneys, and in 1876, when only eighteen, was admitted to
the bar. A year later his qualifications were so widely recognized that he was appointed assistant attorney-general of the state, which ofiice he held for four
with a determined grip. A man who settled in New York
years.
only five years ago holds today an enviable position by reason of his
Following a term in the Missouri legislature, Krauthofi' moved to Kansas
alertness to grasp opportunity and his
City, where for thirteen years he played
inordinate
a remarkable game of politics. But the town became too small for him, and he went to Chicago as general
capacity
for
hard work.
He is Louis C. Krauthofl’, who, although having among his regular clients some of
the most powerful financiers and largest
counsel for the Armour interests.
corporate interests in America, is prac tically unknown to the public at large.
turn he outgrew the western metropolis. Then began the present period of his
The reorganization of the Metropolitan Street Railway Company and the re
career. The law has indeed been for him a wonderful highway to success.
In
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