RECOVERY: Satisfied Steel

Twice last week Board Chairman Myron Charles Taylor of U. S. Steel popped into the White House—once by himself "to pay his respects," and once with John Pierpont Morgan so that Mr. Morgan could pay his respects, too. This week the steel industry completes the 90-day trial period stipulated by Steel's NRA code. Had they wished, the nation's steelmasters could have asked for a rehearing on their code, could have tried to get the Government to alter their wage, hour and marketing agreements.

But Steel did not so wish. Instead, the American...

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