Word: firming
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Dates: during 1940-1949
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Question of Precedent. Although it was obviously true that pensions would cost the steelmen money, the fact finders had agreed among themselves that steel's profits were large enough to absorb the full cost of the pension and welfare plans. Nevertheless, Steelman Fairless was on firm ground when he insisted that this was a matter to be thrashed out at the bargaining table. That was a part of the original agreement...
...saying that a pension and welfare plan financed entirely by management would set a precedent, Ben Fairless was not on firm ground. Murray's union already had a number of noncontributory contracts among some 400 pension and insurance agreements with the steel industry and metal fabricators. Bethlehem Steel and Jones & Laughlin had been paying the full cost of pension plans for more than 20 years. Fairless' U.S. Steel itself had been an important party to the royalty-pension contract which operators of soft-coal mines had signed with John Lewis (see below). A steel spokesman said: "The Government...
Like the rest of the C.I.O.'s United Rubber Workers, the Norwalk, Conn, local was supposed to fight for a robust wage boost (25? an hour), pensions and other benefits. But when it started negotiating with the Norwalk Tire & Rubber Co., the union made a disturbing discovery: the firm, already in bankruptcy and operating in receivership, was so close to failure it might close up entirely if it had to stretch its payroll. At a special meeting last week, the Norwalk rubber workers voted, 124 to 45, to drop their demands and to take wage cuts averaging...
Marriage Revealed. Will L. Clayton, 69, Under Secretary of State for Economic Affairs (1945-47) and longtime chairman of the Houston firm of Anderson, Clayton & Co., world's largest cotton brokers; and Susan Vaughan Clayton, sixtyish, who had divorced him last May after 47 years of marriage; on Aug. 6; in Jasper, Alta...
Wrestle the System. Otherwise, most of the young giant's problems were of the sort to be solved by a firm of outfitters to large men. He became the star of the basketball team, progressed from near illiteracy to lead the college literary society; he had decided on a career as a writer when he discovered that his true genius was musical. For Thurs, it was a short step from hymns on the harmonica to composing a fugue for the piano. In short, he might have been voted most likely to succeed had not his wrestling the "Christian system...