Word: austin
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Dates: during 1930-1939
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...sunshiny morning last week a dimpled, strapping radio entertainer and his hillbilly band trooped into a broadcasting station in Austin, Tex., whooped and whanged in the style that has made them the Lone Star State's biggest air attraction. The studio audience of 200 noisily demanded encore after encore. But presently the band and its leader, Flour Salesman W. Lee ("Pass the Biscuits, Pappy") O'Daniel, had to leave to perform before a crowd of 70,000 that packed the University of Texas stadium...
Dean Landis, in order to handle the two Frankfurter courses, has been forced to give up his first year Contracts classes, and his place there will be filled by Morgan. Morgan is also keeping one section in the first year Judicial Remedies course, and Austin W. Scott, Dane Professor of Law, is taking the one Morgan dropped and one additional section. Professor John A. Maguire relieves Morgan in the second year Evidence course...
Hormel's new scheme, an adaptation of the profit-sharing idea, was worked out after Jay Hormel figured that 80% of his Austin plant's income went to employes in wages, 20% to stockholders in dividends. Although last year's $1,031,000 net income would have given workers no extra money under the plan, Packer Hormel thinks his program may inspire efficiencies, hence increase profits...
...Hormel & Co. tried an experiment, offered its smokehouse employes a guaranteed annual wage to ease the shock of layoffs, the strain of rushes. Since then the company has made industrial history with a "straight-time" annual wage plan, under which workers in Hormel's big main plant at Austin are paid a stated wage for a stated amount of work, regardless of the time it takes them...
Hormel & Co., still in the van of the parade, last week came out with something brand-new, a "joint earnings plan." During the current fiscal year (ending October 1939) the total of all profits and wages of Hormers Austin plant will be reckoned up. At year's end this theoretical kitty will go 80% to employes, 20% to stockholders. If the employes' 80% fails to cover the pay they have already received, they will get no more. If it more than covers their pay, the surplus will be divided 80-20 until the workers have been given four...