Word: snyder
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Dates: during 1940-1949
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...Touch of Inflation? The President's aides and cronies spent another futile week of monkeying with the steel strike. Old Crony John W. Snyder, onetime St. Louis banker and now director of OWMR, wanted to settle the strike with a little inflation. Price Boss Chester Bowles, no crony, wanted a line to hold. While they argued, the striking Steelworkers' Phil Murray and the struck Steel Corporation's Ben Fairless could do nothing but cool their heels. More than anyone else, they wanted to come to terms, but that was impossible until Mr. Truman's policy...
Chet Bowles, hoping to bring things to a head, laid his resignation on the President's desk. Harry Truman had to face it. Reports were that he decided to cut Snyder down a little, lift Bowles to a bigger, better job, settle the steel strike with a price increase of around $5 a ton, give Bowles full authority to hold the line in the future. Another report: Paul Porter, the towering (6 ft. 4 in.) and genial Kentuckian who is now chairman of the Federal Communications Commission, would succeed Chet Bowles as administrator...
Faced with this impasse, the Administration, at first divided on policy, was busy talking itself into a compromise. All week long Harry Truman conferred with OWMR Boss John Snyder and Stabilization Administrator John Caskie Collet, who leaned toward the theory of increased prices to get production going. Then the President summoned (from a Southern vacation) Price Boss Chester Bowles, who was determined to hold the line...
...persuaded to go along with a steel price rise now (some said it would be about $6 a ton), with the promise that he would get full backing to hold the price line in the future. In effect, he had been given the assignment of working out with John Snyder a new price-wage structure-at a higher level...
Reconversion Boss John W. Snyder was privately miffed because the President had appointed Allen to the board of the Reconstruction Finance Corp., presumably as a step to the chairmanship. That was the chairmanship Banker Snyder thought he had sewed up for himself. Long-jawed Chester Bowles, stubbornly trying to hold the price line against the pressures of almost everybody else, was at the feuding point with Snyder and wondering how long he could go along...