For Butcher & Baker, Too
In connection with the steel impasse, TIME [Sept. 26] quotes U.S. Steel's Fairless as opposing noncontributory welfare programs as being "at the expense of someone else (i.e., management)" ... and in the next paragraph [you say]: "Such a program would cost the steel industry about $200 million a year and would lift the cost of steel as much as $3 a ton."
There is the crux of the matter. Already a very active contributor to the "noncontributory" coal miners' pension fund, and with prospects of shortly assuming similar paternalism...
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