Word: wages
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Dates: during 1930-1939
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...that in consequence it would have a sort of first claim on the income of the land. This is scarcely the case. In 1930, with hard times on top of us, dividends and interest payments increased to 8 billions of dollars from 7½billions in 1929. And meanwhile, wage payments which amounted to 45 billion dollars in 1929, decreased to 35 billion...
Because she sincerely believed in union labor, President Roche invited the return of the United Mine Workers of America, which other operators had driven out of Colorado after the Ludlow uprising (1914). She gave her men a tip-top wage scale-$7 per day. She set up company welfare agencies. She created a cooperative form of management. She got rid of the thousands of dollars worth of machine guns, ammunition and barbed wire the company kept on hand for labor disturbances. She won the loyal affection of her workers, all of whom know her by sight, and the anxious distrust...
Early last summer Rocky Mountain announced to the Colorado Industrial Commission that the 1929 wage scale would be maintained. Colorado Fuel & Iron followed suit with a similar pledge for its non-union miners. But late in July, C. F. & I. abruptly announced a 25% wage cut, with base pay cut to $5.22 per day. All other important companies in the State except Rocky Mountain made like reductions. Miss Roche publicly appealed to John Davison Rockefeller Jr., C. F. & I. owner: "One word from you can prevent a recurrence of the human and economic waste which will result from the action...
John D. Rockefeller Jr. was unimpressed. C. F. & I. kept its wage cut, slashed its wholesale price of coal 75? per ton. That put Miss Roche's Rocky Mountain into a bad competitive hole. It was to help her out that her employes volunteered to take half pay. It was not a voluntary wage cut; the unpaid half is only postponed 90 days. But as a helpful gesture it caused glad Miss Roche to exclaim: "Just another example of their splendid cooperation! We are fighting for such tremendous things. We not only can but we must maintain wages...
After seven days Walter Young, construction engineer of the Federal Bureau of Reclamation, notified the contractors to resume work, cleared the reservation of all who did not have passes signed by him. Company officials said no striker would be reemployed, said nothing about restoring old wages to workers on the dam named for the foremost U. S. wage-maintainer...