Word: fairless
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Neither Mr. Taylor nor Mr. Lewis attended the Biltmore conference. This year, as last, formal negotiations were left to those two sons of pick-&-shovel coal miners-Laborman Philip Murray and Steelman Benjamin Franklin Fairless. With the aid of their respective delegations, they simply put in black & white the generalities previously agreed upon. For the union, the new contract is not so favorable as the old. In the face of Recession's realities, John L. Lewis had been forced to yield ground...
...attitude of business toward Congress. This was a $4-a-ton cut in the price of cold rolled steel sheets, on the same day that U. S. Steel Corp. signed a new contract with Labor maintaining wages at the same level as before Only last month President Benjamin Franklin Fairless of U. S. Steel wrote the Senate Committee to Investigate Unemployment & Relief that "it is clear that prices cannot be reduced without corresponding reduction in costs, of which wages are the most important part." This produced the following retort from President Roosevelt: "The only way to get volume...
...While President Benjamin F. Fairless of U. S. Steel Corp. was engaged in borrowing $50,000,000 last week (see col. 1), his only son, Elaine, was discovered in the student training course in the Aliquippa, Pa. plant of Big Steel's little competitor, Jones & Laughlin Steel Corp. Big, broad-shouldered and 24, Blaine Fairless went to Culver Military Academy, M. I. T. and Babson Institute, from which he graduated last spring. Liked by his fellow workers, he collects phonograph records, moves in a socialite young set. Month ago he and a dozen other gay blades ribbed Pittsburgh debutantes...
...permanently maintained in the absence of government spending only when prices are within the people's ability to buy. When the United States Steel Corporation gave its workers a pay rise and then raised the price of steel by more than enough to cover the rising wage bill, Ben Fairless's giant paved the way for an ultimate reduction in the number of customers for steel products...
Before press conference the President arranged to have a written question submitted asking whether he agreed with U. S. Steel's Benjamin Franklin Fairless that steel prices could not be cut without cutting wages. The answer, written out, he read to reporters in the best Roosevelt manner, tossing his head from side to side, stopping once to point out how he used monosyllables so anyone could understand. Excerpts...