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Six gentlemen met in rational argument last week and settled a railway dispute by giving $15,000,000 additional wages each year to the 89,000 conductors and trainmen of the 50 Eastern railroads. And by so much, of course, they added to the yearly operating expenses of those lines and deprived investors of their mete of profits. Their decision (it went into effect Dec. 1) was the first made under the Watson-Parker Railroad Act, and, although obedience by employers and workers is optional, they have set a precedent for labor arguments. This Act, passed...
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