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Show Railroads, Workers Agree On Ten Per Cent Wage Cut . (j CHICAGO. Feb. 1 tVV.) The country's railroads deducted 10 per cent from pay checks of their 1,-200,000 1,-200,000 workers today after leaders of railway labor voted to accept n on&-year wago reduction. Amicable settlement of (he 17-day 17-day parley between the 20 labor unions and nine railroad presidents representing clnsa A roads was reached Sunday. The pact was Bighcd near midnight. In return for the approximate $2I?,0O0.OOO saving to the industry, the individual roads promised "an earnest find sincere effort to maintain main-tain and increase railroad employment." employ-ment." They a I mo withdrew formal notices mailed Inst Dec. 21, seeking 1 per cent reductions from th"ir employes for I he same temporary period, For prosperity's Urturn The reduction was labor's con-tiibution. con-tiibution. through personal aacri-n-os, to aid return of national prosperity pros-perity as well as to alleviate the hid ust ry's desperate pligh. Basic rates (if salaries remain the same. The agreement termina tcs a uto-uif uto-uif inally Jan. 31. li33. Signatures of the nine presidents and the "0 labor leaders were placed on the agreement in solemn b ipeful assembly. The conference hegan list. Jan. It. The workers' union? assembled ? week before to del ermine 1 heir program for cm-(' cm-(' toy!.-, ru ;t:i !;il ; ion. i'"'-w of fn-'ir proposals were ac- ! :'-! by ' he presidents. Labor aba mhm'(! rwveral surest ions. The parley was historic. It was tin- livst time the roads and their v 'v';n.'i iiu-i across a conference t'bl'.' in a;, amicably upon a i ;:;-(!v t" iau ust! v's impaired '.a-. h." |
