Word: steeled
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Dates: during 1930-1939
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...graft rampant" during the two administrations of Democratic Governor Martin Luther Davey. Practical Committeeman Sawyer's unsurprising solution was to enter the gubernatorial primary himself. Tree-Surgeon Davey, who once enjoyed a reputation as a champion of Labor, prejudiced it when he helped break the strike in Little Steel last summer, has since lost it altogether by calling out the militia to halt labor demonstrations...
...three days last week in a guarded suite in Manhattan's Biltmore Hotel, the operating executives of U. S. Steel Corp. and the general staff of the Steel Workers Organizing Committee went through the motions of negotiating a new contract- the most important single labor contract in the U. S. The immediate destinies of Big Steel's 200,000 employes had already been settled in quiet, personal chats between Myron C. Taylor and John L. Lewis. And what Messrs. Taylor & Lewis decided will probably go for the other 300,000 steelworkers now covered by C. I. O. contracts...
...time-and-a-half for overtime. But instead of running for a full year, the new contract may be reopened on ten days' notice by either side, and if no agreement is reached within the next 20 days, the contract lapses. In effect, this means that U. S. Steel may, at any time, ask the union to accept a wage cut, and if the union does not accept, proceed to put the wage cut into effect. Under the straight one-year agreement wages could not be cut during the life of the contract...
...steel industry were operating at 80% capacity instead of 30% as it is, this escape clause might be ignored by the steelworkers as an immaterial legalism. But both John Lewis and the steelmasters have proclaimed the indivisible relationship of wages and prices. And a few hours before pens were put to the Big Steel contract, price-cutting broke out in Little Steel, with the announcement of a $4-per-ton reduction on cold-rolled sheets, an important item to the automobile industry (see p. 63). If price-cutting becomes general, U. S. Steel and the rest of the 500 companies...
Last year, however, the big U. S. steel companies are supposed to have made a "gentlemen's agreement" with the cartel not to undersell them abroad. Last week when the Earl of Dudley arrived it was generally assumed that if he could not wangle actual U. S. participation in the cartel he would try to get the big steel concerns to force the little ones now engaged in foreign dumping to join in the "gentlemen's agreement." Last week the only fact that emerged from a great cloud of secrecy was that the Earl would do his negotiating...