14 Oct 1932
Page 1
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Newspaper
Butler County Press
Location
Hamilton, Ohio, United States of America
Date
Oct 14, 1932
Page
1
The federal treasury faces a severe deficit, growing at about 2.15 billion dollars for the fiscal year as new taxes fall short of estimates. Officials urge drastic reductions across government structure, eliminate commissions, and avoid heavier taxes on business, with ongoing debate on feasible reforms.
Ottawa reports the royal commission on Canadian transportation urges railway job cuts and scuttling of union contracts. In South Huron by election campaigning Hon. H. H. Stevens links Wall Street pressure to the Bennett government’s plan to overhaul railway finances. Stevens, a Vancouver native with a Spanish American War record, is noted for outspoken remarks.
The passage discusses how the Canadian royal commission’s report to the government parallels a simultaneous announcement of wage reductions proposed for American railways. It highlights the simultaneous timing and possible shared implications for railway finances and labor costs across both countries.
Boston report notes Irving Southworth, retiring president of the National Association of Cotton Manufacturers, calls for a minimum wage below which no employer should go. He favors shorter hours and limits on women and minors’ work. He argues 48‑hour weeks are excessive and that wage scales must be similar across locations to avoid a race to the bottom.
President Ecker announced the five day week summer schedule will be retained for a time. Employees are paid salaries and no reductions will be made. The company payroll exceeds 11,000 workers in New York.
A Graybar Electric survey of 1110 employed workers in 73 communities estimates 40 billion dollars in deferred purchases await restoration of permanent jobs and wages. The study argues that renewed employment will unleash demand for homes autos refrigerators and clothing, with Graybar noting its own 10 percent wage cut and five day week as a partial cause of the deferred buying.
Officials of the International Longshoremen's Association representing 30 000 pier workers on the Atlantic coast and steamship lines reached a settlement to pay cargo checkers 5.76 dollars per day. The contract preserves full day pay even if work ends early and provides four hours overtime pay on Saturdays with a two hour minimum at 1.10 dollars per hour, except for Saturdays.
William Green, head of the American Federation of Labor, endorses the share-the-work movement led by the Federal Reserve Bank and industrial committees. He urges full cooperation by employers and workers to create equitable work opportunities, foreseeably easing unemployment and expanding demand for manufactured goods through measured job creation. He stresses that sustainable progress requires broad support from both sides of industry to help over eleven million idle workers and dependents.
National Civic Federation leader Ralph M Easley asks Labor Secretary Doak to study college methods and stressed universities and International House as potential hotbeds of subversive influence. He cites influential critics including Dr Harry F Edmonds and notes International House hosts 1500 students from 60 to 70 countries while enacting Doak’s alien student rule. The reference to Egypt appears unrelated.
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