WAGES: One-Year Plans

George A. Hormel was an industrial nonconformist. Practically ostracized industrially by other meat packers for stumping for a 30-hour week, he retired to California in 1927 and turned his business over to his son, Jay Catherwood Hormel.

One day in 1929 handsome, heavy-browed young Jay C. was walking through his Austin, Minn, plant, laying off employes. Suddenly one of his men turned on him and said:

"You can't do that to me."

"Can't do what to you?"

"You couldn't turn a horse out in the street," said the workman. "You can't do it to...

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