Word: settlement
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Dates: during 1930-1939
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...Utilities Co. (Nypan), is trying to borrow money so that Associated can pay off an $8,589,-980 (8%) bond issue which is due March 15, 1940. Also overdue is $5,780,000 owed the U. S. Treasury by Associated as the balance of an $8,700,000 settlement of a $50,000,000 tax claim. Mange wants RFC to lend NY PA NJ enough to pay off the bonds, pay the taxes; he is also asking for another lump for construction, $26,500,000 in all. The catch is that SEC must approve NY PA NJ's passing...
...Said Chrysler's President Kaufman Thuma Keller, gravely and truly: "The settlement should have been made without the loss of a single day's pay on the part of our employes, or the loss of a single automobile sale on the part of our dealers." Then why this costly shutdown? No strike, no lockout, it was a cessation of work which followed when the contract between Chrysler and its C. I. O.-unionized workers (who commanded absolute majorities-and sole bargaining rights-in eleven of Chrysler's 14 plants) expired Sept. 30. While the two sides haggled...
Main terms of the settlement: A board of two corporation executives, two national union officers will handle appeals from the shops, by unwritten understanding may call in a fifth arbiter when necessary. The corporation won a continued open shop, Chrysler will continue to set production speeds without consulting the union-but gripes about speeds may be appealed to the grievance board. The union succeeded in throwing out the old, ineffective ban against any & all strikes, gave an absolute pledge not to sitdown, stayin, slowdown. On wages, the union asked a general 10?-per-hour boost for Chrysler...
Last week Tabouis, out on a limb as usual, flatly predicted a peaceful settlement of little Finland's unwilling controversy with Soviet Russia. Next day a Soviet army crossed Finland's frontier (see p. 23) and Soviet planes dropped bombs on Helsinki. Tabouis followers were neither angry nor surprised. They had long ago learned to take her utterances with a shakerful of salt...
...settlement of the long-range issue can only be assayed as a victory for the "members of the opposition." Their basic charge was that the "eight years and up or out" tenure policy was stubbornly inflexible, and that if it were applied mechanically it would have sorry effects on Harvard teaching standards. The degree of flexibility which they advocated has now been incorporated into the tenure policy by the new system of swapping professorships between departments and by the faculty motion to approve frozen associate professorships. So far so good...