Col. Michael Friedsam, Solomon R. Guggenheim and Paul M. Warburg are among the members of an Emergency Employment Committee which was organized Wednesday at a meeting of New York financial and business executives for the purpose of relieving unemployment during the coming winter here. The committee, of which Seward Prosser, chairman of the board of the Bankers Trust Company, is chairman, will seek to provide at least $150,000 weekly as a payroll for unemployed heads of families and others in New York.
A minimum wage of $15 a week will be paid to married men, for whom work will be found in the city parks and other non-profit-making institutions. In this way it is expected to provide work for about 10,000 men. The money will be distributed by two charity organizations.
Col. Friedsam is the head of the B. Altman store. S. R. Guggenheim is associated with the mining interests of Guggenheim Bros. Paul M. Warburg, banker, was a member of the Federal Reserve Board from 1914 to 1918.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
