Word: auto
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Dates: during 1950-1959
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...Hayden, 81, president (since 1937) of the $70 million Charles Hayden Foundation (founded by his bachelor brother, Wall Street Financier Charles Hayden), distributor of some $20 million of the foundation's money for the "well-being, uplifting and development of boys and young men"; of injuries suffered in an auto accident; in Arlington, Mass...
...York Daily News: Whether the GAW principle is sound, even for the auto industry, remains to be seen. Will it work in bad times? Can it work in various other industries? How about coal, for example-already sick, and harried by high wage rates and competition with oil? Can seasonal businesses or industries carry the GAW load? What if public taste veers away from goods produced by some outfit which has a GAW setup? Then, too, there is the fear, expressed by many who doubt the feasibility of GAW, that it will operate chiefly to impel employers to hire...
...Scripps-Howard chain: The key factor, we think, is productivity. If, as Reuther contends, this modified version of his original proposal will encourage stability in the auto industry, then there is no ground for skepticism. But if it is turned into a device by which workers get paid for not working, the economic consequences could be disastrous for workers as well as employers...
Personal real estate transaction of the week: The Dunes, a 50-acre Long Island seashore estate, was bought by Auto Tycoon Henry Ford II (see NATIONAL AFFAIRS) from retired (66) Cinemactor Richard (Tol'able David) Barthelmess...
Some truckers defected, notably those who specialize in hauling new automobiles from Southern California assembly plants to dealers. Under considerable pressure from the auto manufacturers, who had ample problems of their own (see NATIONAL AFFAIRS), the auto carriers caved in quickly, met the wage demands in full, agreed to pay 5? an hour to a pension fund...