Word: truce
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...week, however, the state of sentiment had so improved that businessmen were once more concerned with the state of trade. They had pondered the President's reassuring fireside talk; they knew that Big Business was again a welcome White House caller; they read a lot about the Roosevelt "truce" with industry and banking. And if there was still any doubt about the Administration's mellowing attitude, it should have been dismissed by the haste with which the President and his lieutenants shot down the little inflation balloon which hovered over Washington for a day or two last week...
...Truce. Temporarily, at least, Labor was even inclined to regard Franklin Roosevelt himself with anxiety. Well did the President know that the dockets of lower courts throughout the land were sagging with NRA violation cases, that work was being bootlegged in the U. S. on a scale comparable with whiskey during Prohibition.** For this and other reasons he was unable to agree that A. F. of L.'s 30-hr, week, for which there was growing Congressional sentiment, was operable...
Even the President's fireside "truce" proposal, which sounded straight forward enough as it came out of loudspeakers, began to take on a tenuous air as White House interpreters got to work on it. Emerging from a conference with President Roosevelt, Madam Secretary of Labor Perkins explained that during the "trial period" Labor would not be asked to foreswear the strike. Secretary Stephen Early made it known that employers would still be free to invoke the lockout, and decision to submit their troubles to arbitration or mediation would have to come voluntarily from each side...
...fifth day the siege had cost Public Service Electric & Gas Co. $400. On the promise of a truce Mrs. Barnabie was induced to leave the post hole for a conference at the mayor's office. Reluctantly the company offered $200. Mrs. Barnabie returned home to gather up her flag, announce complete victory. That evening the line crew cut up the pole, carted it into the Barnabie cellar...
...more definite solution to the problem of labor in its relation to the national life than a conference and a plea for industrial peace. It is significant of the lack of any clearly-defined policy towards industry at Washington that the administration entertains the hope of a mere truce in the present difficulties. Apparently, the dream of permanent settlement of these difficulties, so optimistically fostered with the creation of the National Labor Board, and the Regional Labor Boards, cannot be realized for some time to come...