Business: The Threat of G.A.W.

The call to arms was sounded last week by President Joseph E. Moody, of the Southern Coal Producers Association, before a Chicago meeting of the American Trucking Associations. Small businessmen, he said, must unite, raise "real money" and fight as a unit against the guaranteed annual wage. "The huge reserves necessary to guarantee even 26 weeks' unemployment assistance as low as the Ford and General Motors contract call for, just aren't possible for new and small businesses. And don't think these guarantees won't grow. We in the coal industry remember only too well what happened to us . . . In...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!