Show CARRYING THE LOAD T TIKE American Iron and Steel THE Institutes Institute's report report re- re L port on conditions in the steel industry constitutes one of the most striking testimonials testimonials testimonials imaginable to the value alue of the N R A A. This testimonial gets its force not merely from rom the thc fact that both the number of men employed and the thc amount paid out in wages have risen but from the fact that these increases increases in in- creases have taken place during a period in which the actual volume of business handled by y the industry was shrinking Out of this fact act it becomes too a testimonial to the industry industry indus indus- try to give such sueh a degree of cooperation to the governments government's effort to promote recovery Here is is an industry manifesting willingness to carry a a. heavy burden with inequitable returns which is doing its part in a big wa way If ultimate success is won for N R A it must include in in- elude chide an adequate measure of compensation to balance the sacrifices of industry during these lean ean days of struggle On October 14 the number of men employed was 28 per cent above the number employed on June 17 while the payroll had risen by 32 per percent cent But the industry as a whole was operating at 4 44 per cent of capacity in October October Octo- Octo ber er whereas it was operating at 47 per cent of capacity in June r |