Word: offering
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Dates: during 1950-1959
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Then the unexpected happened. One day late in 1928, Edward S.Harkness, Yale '97, walked into Lowell's office and offered him $3 million to build an "Honors College," with a resident master and tutors, for members of the three upper classes. Because Yale had spurned Harkness's offer, Harvard became the fortunate recipient...
Lowell not only accepted the offer, but announced it immediately to the Governing Board who in turn were so enthusiastic that Harkness decided to increase his gift to $10 million, thereby providing for seven Houses. Three of these were to be built entirely new, the other four from existing freshmen houses by the River...
...swift steel peace (see NATIONAL AFFAIRS), management and labor could agree last week only to continue disagreeing. Just before both sides met with federal mediators for the first time since a Taft-Hartley injunction sent the workers back to the plants, the steel industry announced that its earlier offer of 30?-an-hour package spread over three years was its "last offer for a strike settlement." This so incensed Steelworkers President David McDonald that he walked into the meeting heatedly waving a copy of the statement. He repeated union arguments that the contract actually provides only a 24?-an-hour...
Watch the Boss. Much of the bickering was over a campaign by both sides to win the Steelworkers' secret vote on industry's last offer, required by the Taft-Hartley Act some time between Jan. 6 and Jan. 21. Out from the eleven negotiating steel companies went letters and brochures to each employee setting forth the industry's "final" offer (it can still make another), which was actually made fortnight ago (TIME, Nov. 30). Dave McDonald called it "a propaganda offer aimed at confusing the Steelworkers," and the union's official paper, Steel Labor, warned workers...
...vote will probably be no-as it has always been in such cases-but industry was gambling that there would be enough yeses to embarrass McDonald. In any case, union leaders are not bound by the vote; they can call another strike even if workers want to accept the offer. If no settlement is reached, the Taft-Hartley injunction will be dissolved shortly after the vote. The Government will have no way of preventing a new strike, since the President has exhausted the measures he can take under the present law. Federal Mediator Joseph Finnegan called union and management together...