STEEL: An Industrial Revolution

The C.I.O. Steelworkers had already had their say on wages and pensions before Harry Truman's steel fact-finding board. In Manhattan's federal court house last week, it was management's turn. Up before the three-man board stood Inland Steel Co.'s tall, square-jawed President Clarence B. Randall. In crisp words he made the steelmen's case against the theory of wage-fixing by government. Said he:

"When the President announced the formation of this board he was in fact announcing an industrial revolution in America. By doing so he has . . . proclaimed that wages shall be fixed by the Government. This step...

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