National Affairs: All Eyes on Steel

As the spokesmen for Big Steel and the United Steelworkers of America settled down to grim negotiations on a new contract in Manhattan last week (see BUSINESS), the President of the U.S. announced that he was looking on—and invited his 175 million fellow citizens to look with him. Dwight Eisenhower plainly wanted no settlement that would result in higher steel prices and another wave of inflation. And in saying so he came closer than ever before to transgressing his own stern rule against mixing in the private affairs of business and labor.

"I say this, and I say it and emphasize it,"...

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