INDUSTRY: Dividend for Labor

Many a working man has wondered why he is laid off in hard times when his company's stockholders continue to draw fat dividends. Last month Edward F. McGrady, A. F. of L.'s Washington lobbyist, sharply suggested that Industry should reserve funds to tide over its jobless no less than to pay dividends (TIME, Jan. 5). Last week William Francis ("W. O.'') O'Neil, president of General Tire & Rubber Co. of Akron, announced a new and striking plan to pay Labor as well as Capital a dividend. In declaring a special dividend, General...

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