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Newspaper
Cincinnati The Sun
Location
Cincinnati, Ohio, United States of America
Date
Nov 19, 1948
Page
1
Tax expert J. H. Landman says reported high corporate profits are illusory and unreal. He described the figures as deceptive while discussing employer propaganda in New York.
The New York chapter of the National Association of Cost Accountants argues profits are phantom and warns investors should not expect higher dividends. Workers see 20 percent gross wage gains but a 35 percent rise in the consumer price index, a metric the agency admits is not a full measure of living costs.
Labor Dept figures show over a three year period since V J Day that average manufacturing workers have lost ground in real wages. The Bureau of Labor Statistics notes an increase in wages did not keep pace with rising prices.
Greater Cincinnati Industrial Union Council approved a victory dinner set for December 15 to celebrate labor gains from recent elections. The event at the Hall of Mirrors Netherland Plaza will feature a floor show. Organizers include Joseph Sepate Al Jordan Ida de Felice Edna Fagos Catherine Wood Bess Fitchen Alfred Kramer Elmer Kauffman James McLendon Ernestine Lochnane Ray Tucker and Ed Hellkamp. Tickets are available at international offices. invitations extend to CIO members blockworkers and officers. The event is co sponsored by CIO Council United Steelworkers and Amalgamated Clothing Workers.
Eight CIO leaders from Cincinnati area will attend the CIO national convention in Portland Oregon from November 22 to 26. William H. Black will represent the Cincinnati Industrial Union Council. Louis Leopold and Glenn Hess will represent the Dayton and Hamilton councils respectively. Jack Kroll ACW PAC director will attend as ACW delegate. Al Whitehouse will be a national representative of the Steelworkers. Arthur Bishop and James Gallagher of District 25 USA will attend, with Bishop representing the Kentucky CIO Council. Robert Davidson will join pre-convention meetings and stay through next week.
The piece contrasts claims by the Times-Star and Enquirer on labor's influence in the election. It cites editorials and columns, noting a small Herbert plurality in Hamilton County and a broader Democratic rebound including a U S Congressman and multiple state offices, highlighting A M Forkner's counterpoint that labor support propelled several wins.
President Harry S. Truman and Congressman Earl T. Wagner will receive Repeal Taft Hartley neckties and scarfs from the Greater Cincinnati Industrial Union Council. The gift motion was adopted Wednesday night on a suggestion by council secretary Ed Hellkamp.
William Black will be elected president of the Greater Cincinnati Industrial Union Council at the first December meeting after an unopposed nomination. Walter Grainger is unopposed for vice president and Ed Helikamp for secretary. The slate includes nominees for treasurer trustees and an executive board with members from UE, Brewery, Steel, UAW, and other unions. up to two board members per international. Further nominations possible if an international lacks two nominees.
Sun Reporter Miss Mary Lou Sauer of The SUN entered Deaconess Hospital for a minor operation this week. Her physician expects a return to work within a week. The SUN will publish a day early next week for Thanksgiving, requiring news to be submitted or mailed a day earlier.
The CIO News staff reports CIO policy calls for repeal of the Taft Hartley Act and reenactment of the Wagner Act. CIO Executives expect their Portland convention to pass a resolution, with NAM planning discussions on labor relations this December.
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