Word: moratorium
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...moratorium on "hates" between Americans, particularly those involving capital and labor, was urged as vital to the war effort by Dr. Benjamin M. Selekman, associate professor at the Business School, in the most recent issue of the Harvard Business Review...
There will be no railroad strike Dec. 7. With two hours sleep in 57 hours of haggling, nearly 150 haggard negotiators finally compromised, giving the unions a little more than they had once refused: 1) a basic wage increase; 2) a moratorium on demands during the emergency; 3) a 9.5?-per-hour wage increase for the five operating unions; 4) a 10?-per-hour increase for the 14 non-operating unions; 5) one week's paid vacation. The inconceivable strike was still inconceivable...
When Congress passed the first U. S. peacetime conscription bill, many a businessman fretted over troubles it might make for him. His chief worry was: the Act contains a provisional moratorium on draftees' debts. It re-enacts the Soldiers' & Sailors' Civil Relief Act of 1918, which permits the courts to postpone draftees' obligations (depending on their ability to pay). In Congress now are bills giving conscripts additional relief from taxes, rent, insurance. But by last week, having studied the draft, most businessmen decided it would not make them as much trouble as they had feared...
...still stood in danger of waking up next morning to find itself closed, as it did in July 1914. Administration advocates of such drastic action are still in the minority. But, backed by a barrage of letters, telegrams and phone calls to SEC from small investors pleading for a moratorium, they argue for closure as follows...
...This is a National Emergency, not a mere trade depression. It is having an unreasonably bearish psychological influence on the market. Example: although steel securities are down, steel production has been moving up. A moratorium would give dazed security holders a breathing spell in which to realize how cheap they have made stocks in relation to current earnings and National Defense prospects...