BANKING: First Blood

Last week, as it has to most businesses, the first strike came to a major U.S. bank, the Brooklyn Trust Co. What touched it off was the discharge of three employees who were members of C.I.O.'s left-wing Financial Employees Guild, which has been trying to organize the bank. (The union claimed that 65% of the employees got $35 a week or less, and even had to buy their own pencils.) As a starter, the union massed about 150 pickets—many from other unions—outside the bank's main office. A number of them got their heads...

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