Word: bankrupts
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Dubinsky managed what probably no other labor leader could have: he wangled loans for the bankrupt International union from commercial banks. After he became president of the International in 1932, Dubinsky got his real chance in the New Deal. Seeing NRA coming, Dubinsky had softened up the industry with quick, organizational strikes, picked up 160,000 new members in six months. When NRA was nullified by the Supreme Court, Dubinsky announced that he would strike any employer who tried to back out of its agreements. Says he slyly: "First you get a whip, and then when everyone knows you have...
...Farmers," he added, "are running into debt because of low government prices for their forced food deliveries; they like our support of higher prices. Many merchants and businessmen are going bankrupt because of high taxes, so they join our mass demonstrations for low taxes . . . Present conditions have caused a clear left tendency...
Think About Asia. Last week a stream of Senators took the floor to slash at the bankrupt U.S. policy toward China. Twenty-one Senators signed a statement demanding assurances that the U.S. would not recognize the Chinese Communists...
...Long Island Rail Road last year carried more passengers (109 million) than any other road in the U.S., yet it went bankrupt three months ago. Why? Thousands of commuters who ride in & out of Manhattan every day on its crowded, squalid, undependable trains have long thought that they had the answer to that question: they thought that the Pennsylvania Railroad, which owns the Long Island, drove its subsidiary on the rocks by overcharging it for services rendered and underpaying it for services received...
Meanwhile, President Warfield had stepped aside as a fundraiser. Said he: "This is a student affair, not a dodge by a bankrupt college trying to bail out the group that put money into...