Show RAILS DECLARE H I I Carders Carriers otic I of 15 i iPer i Per Cent Reduction Effective July uly 1 t CHICAGO Feb 15 The Thc The conference con coo 1 lere feren ference ce e committee of managers of ot tb the country's principal railroads Thursday Thursday Thurs Thurs- day served n notice tice of a alS 15 per cent centre re rc reduction of pay on all classes o of union ri I railway labor I The notice read in part parIs We hereby give notice of our Intention in lii V to reduce on and after July V VV 1 I 1934 all now existing basic rates o of pay by 15 per cent such reduction I I to be continued in effect from sam safe July 1 I 1934 for the period of ot one year The conference committee of managers managers man man- agers is the group which negotiated the wage agreements which stopped impending railroad strikes a year ag ago The notice recites ites that the last railway railway rail raU way ay wage agreement dated June 21 1933 contained a provision that neither neith neith- er party would serve notice of ot a desire to change the then established rates rates' before February 15 1934 and that such changes would not become effective before July 1 I 1934 The notice concludes In accordance with the provisions o of said agreement on June 21 1933 we have authorized the conference committee of ot managers to represent this company in proceedings under this notice and it is our des desire re that the initial conference under this notice notice no no- tice lice be held March 1 I 1934 Please advise within ten days if that day willbe will willbe be acceptable to you The notice was served on labor representatives representatives representatives rep rep- of f each of the r railroads |