National Affairs: Nut in Escrow

Little Jim Carey's big United Electrical, Radio & Machine Workers of America last week ended a wage dispute by taking part of the chance on prosperity that every employer has to take. Other party to this extraordinary labor deal was Mergenthaler Linotype Co., which makes typesetting machines for printers the world over.

Since November 1937, the union has had a contract with Mergenthaler's Brooklyn plant. Last month it called a strike to resist a 10% wage cut for 1,600 employes.

As a compromise Mergenthaler's President Joseph T. Mackey proposed to put 10% (about $200,000)...

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