Word: cottons
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Dates: during 1920-1929
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Fortnight ago the greatest British cotton strike since the War ended. In Manchester, Blackburn, Oldham, a halfmillion Lancashire cotton workers trudged from their dingy yellow brick houses back to the mills, agreed to abide by the decision of an Arbitral Board of Five: two workers, two employers and an umpire (TIME...
...five members of the Arbitral Board agree," said Justice Swift, "that the cotton industry is in an exceedingly depressed condition needing an immediate palliative...
Spinning and weaving Lancashire went back to work, last week, after the most stupendous cotton strike since the War. A half-million sturdy craftsfolk had walked out rather than take a 12½% cut in their meagre pay (TIME, Aug. 12). Last week they trooped triumphantly back to the mills. Under a scheme set up by that sensible Scot, Prime Minister James Ramsay MacDonald, they would be paid the old wage, at least until the arbiters had made an award. When first news of this compromise reached such famed cotton towns as Manchester, Blackburn and Oldham, joyous craftsfolk paraded...
Economists, statistically commenting on the cotton strike, estimated that it had cost $2,000,000 in lost orders, $15,000,000 in lost wages, close to $1,000,000 in doles made to strikers from their unions...
Since Mr. Norman is known to have viewed the cotton crisis with utmost concern, he doubtless asked and received details of Mr. MacDonald's morning's work of mediation. The real subject of the Norman-MacDonald-Lamont conference, however, was the reparations situation at The Hague where fiery Chancellor of the Exchequer Philip Snowden seemed intent on bending or breaking the Young Plan. In making up his mind whether to back Battler Snowden to the limit the Prime Minister must know the attitude of the fiscal powers in Manhattan and London. None could inform him better than Tycoons...