Word: pensions
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Dates: during 1930-1939
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John Pelley, the A.A.R. and most railroad men are nowadays receiving their worst Labor headache from the pension problem. The first railroad pension plan was knocked out by the Supreme Court. Promptly passed was another one which has not yet reached the Supreme Court but was held unconstitutional by a lower court. Meantime the railroads and the Railway Labor Executives Association have been trying to get together on a mutually acceptable agreement to obviate the necessity of further legislation. They are split on a number of details, chiefly on whether the retirement...
Another attempt to settle the pension problem was made last week over a conference table in an office next to President Pelley's. On one side of the table sat Management in the person of Mr. Pelley, backstopped by such railroad notables as Erie's Charles Eugene Denney, Pennsylvania's Martin Withington Clement, Illinois Central's Downs, Union Pacific's Carl Raymond Gray, Santa Fe's Samuel Thomas Bledsoe, St. Paul's Henry Alexander Scandrett. On the other side of the table sat able, popular Chairman George M. Harrison of the Railway Labor...
...good the boys or the gods would continue to be to U. S. railroading, stocky, optimistic John Pelley cannot say. Ahead of him is not only the pension snarl and the demand for wage increases, but also a battle for a revision of freight rates to give his carriers more revenue. But John Pelley is no worrier. Said he in the worst of hard times: "Get me right. I'm not going to talk bullish. Nothing like that. I can't see myself sitting on a pink cloud right now. But people are overdoing this pessimism." Today, with...
...during the 30-day period, a penurious oldster will have been provided with $200 worth of goods and services, merchants and townsmen will have done $10,000 worth of business and the Townsend Test Fund will be $200 richer. Sponsor Lamb and Chelan Townsendites cannot see how the revolving pension fund can fail to revolve. Just to be sporting, and to overcome the possibility of a fluke on their first try, they are going to choose five more oldsters to repeat the process during the five succeeding months before reporting final results to the waiting world...
...Names make news." Last week these names made this news: The U. S. Senate passed a bill granting a $5,000 pension to Mrs. Grace Goodhue Coolidge, widow of the 30th President...