DEMOCRATS GETS LAUGH FROM HOOVER DEFENSE
UNEMPLOYMENT CONTINUES IN LABOR'S RANKS Increase In Employment Is Almost Negligible, Monthly Review Shows WASHINGTON—Trade union unem-oloyment during August dropped but three-tenths of one per...
...Scheme Giving Big Bonus May Be Abandoned Secret Bonuses Have Been Given Steel Kings Out of Profits For Years VOUNGSTOWN...
...does after a winter and spring of unusual unemployment, workers' resources for purchasing are seriously lowered...
...Add the social consequences of unemployment to its economic effect" and lt is clear that the present situation is serious...
...O.—The Bethlehem Steel Corporation's policy of huge secret bonuses to executives may be abandoned...
...UNEMPLOYMENT CONTINUES IN LABOR'S RANKS Increase In Employment Is Almost Negligible, Monthly Review Shows WASHINGTON—Trade union unem-oloyment during August dropped but three-tenths of one per cent, according to the monthly business review of the A. F. of L. The figures indicate that 22 per cent of nearly 800.000 reporting members were idle...
...This is double the number of unemployed last August...
...The War Labor Board, however, raised rates, and the company practically said, "Now let lit them rnllert...
...Indicates that a turn for the better probably took place the first of August...
...This, the bulletin states...
...He insisted that his company would "lose money" on government contracts that were based on the old rates...
...revealed that bonuses, last year, totaled $3,200,000, of which Eugene Grace, president, received $1,600,000...
...A legal war between .stockholders over the proposed merger with Youngstown Sheet and Tube Co...
...The bulletin states that the general unemployment decrease, though small...
...Ls not enough to show in the published figure*" Metal trades unemployment dropped from 21 to 19 per cent...
...The reduction of workers' buying, power, caused by this high unemployment, is one of the chief causes cf the continued low level of business...
...Building unemployment of 39 per cent showed a decrease of eight-tenths Of one per cent...
...Coming, as it...
...This group of executives were secretly paid approximately $36,000,000 between 1911-1929...
...While Grace and his fellow insiders were receiving these vast sums, the Bethlehem president was leading a fight against wage increases awarded to his machinists by the War Labor Board during the World war...
...Stockholders who own the property, were not Informed of this policy by the board of directors they elect to run the concern...
...The printing trades had an 8 per cent unemployment, as compared with 7 per cent last month...
...The effects of nnder-nourish-ment and privation on the young children whose parents have lost income will last long after this depression is over The present unemployment crisis is a, challenge to Industrial leadership...
Vol. 1 • September 1930 • No. 40
