LABOR: The Savior

The Savior No other single man in the U.S., including the President, could have done it, but John L. Lewis did. Last week, playing his role as liege lord and savior, he put a $3 billion industry—all of the East's soft-coal mines—on a three-day week.

John L.'s presumption that he was coming to the rescue of the industry—as well as nearly 400,000 soft-coal diggers of his United Mine Workers—had some basis in fact. As a result of overproduction, diminishing demands and skidding prices, the soft-coal mines were indeed facing the perilous possibility of a cutthroat price war. If it came...

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