Word: melchett
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...Alfred Mond, the great chemical tycoon, was created Baron Melchett not long after he instituted the so-called Mond Conferences (TIME, Jan. 23), facilitating direct group bargaining between Employer and Employed, without meddlesome intervention from the Government. The left wing of British Labor considers that unions now attempting to cooperate with employers through Mond Conferences are obtaining little except efficient and scientific demonstrations that higher wages or shorter hours are quite unfeasable...