Word: funds
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Dates: during 1940-1949
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...tailored it a bit and tossed it back in his face. Their message: "No contract, no royalty payments." The Southern operators, who produce 40% of the nation's coal, cut off their 20?a ton payments to the U.M.W.'s $90 million-a-year welfare and retirement fund...
...last week old John was fit to be tied. He reached for his pen and served Island Creek's Francis with an ultimatum: ". . . In your mad and vengeful attack on the existence of the fund, you have rightfully calculated that you are bleeding it white ... A continuation of your policy of default and smash may cause reactions deterrent to the constructive progress of the industry. Will you or will you not remit?" Lewis rumbled...
Next day John Lewis and Senator Styles Bridges of New Hampshire, neutral trustee of the welfare fund, overruled the operators' Trustee Ezra Van Horn (who had submitted his resignation two days before) and made a drastic decision. Since the start of Lewis' three-day week, the fund had been taking in $5,000,000 a month and spending $8,000,000. Cut further by the halt of payments from the Southern operators, the fund had dwindled away to a bare $14 million. There was no way out; except for emergency payments all pension and welfare benefits would...
...cause by such moves as: 1) getting Manhattan dress manufacturers to agree to penalize themselves for inefficiency, as defined by the union (TIME, Feb. 24, 1941); 2) persuading employers in the cloak & suit industry to pay $2 million a year into a workers' old-age insurance fund (TIME, June...
Dean Liston Pope of Yale Divinity School believes strongly in the "study of society as it is in relation to what it ought to be." This spring and summer, slim, spectacled Liston Pope (TIME, Jan. 24) made a study in Africa, under the auspices of the Phelps-Stokes Fund and the Julius Rosenwald Fund. Last week he delivered a somber report of what he saw on his 25,000-mile air tour...