Word: sloan
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Strike Leader Francis J. Gorman was "very well satisfied" with the new setup. Mill owners seemed less pleased. Only after President Roosevelt had summoned him to a White House heart-to-heart in mid-week did George A. Sloan, Cotton-Textile Institute's president and spokesman for employers, issue his first statement since the end of the strike. He and his cohorts were willing to "cooperate" with the new Board. Like Leader Gorman he read victory for his cause in the Winant Board's report (TIME, Oct. 1). It had found working conditions vastly improved under the textile...
Last week President George A. Sloan of the Cotton-Textile Institute swept aside Labor's proposal that the President's Board of Inquiry for the Textile Industry arbitrate the two-week-old national textile strike. The United Textile Workers' demand that all mills be closed by their owners before arbitration commences, Mr. Sloan found "utterly impossible from every standpoint...
Grateful for such moral support from NRA, President Sloan promptly thanked the General for thus "definitely spiking propaganda [that NRA and the Government are behind the strike] effectively used in many mill centers." Strike Generalissimo Gorman quietly pointed out that the agreement at issue had begun with the following words: "This agreement does not prejudice the right to strike...
...every one should know, GM made $1,000,000 less in the second quarter of 1934 than in the same period of 1933 although its sales were $100,000,000 more. President Alfred Pritchard Sloan Jr. flatly announced that costs must be cut. In August when Fisher Body was ready to buy lumber, its purchasing agents told the hardwood manufacturers something like this: "We cannot afford to pay $66 per thousand ft. of oak. We know that is the minimum price established by your code authority but we can pay only $60. We know and you know that $60 will...
...President Sloan has let it be known that he hoped he would not have to enter the lumber, glass, steel or other businesses which supply GM, but that if prices rose unreasonably GM could and would. Having Henry Ford's excursion into steel right before their eyes, the 62 manufacturers have no intention of forcing GM into steel, thus eliminating hardwood in the building of Fisher bodies. What GM was really doing, they thought, was attempting, in a carefully matured plan, to force the Administration to make up its mind once & for all on the stubborn problem of price-fixing...