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Notable New     Yorkers
Select     Notable New Yorker

Frances PerkinsFrances Perkins
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and their principal adviser on all matters - principal adviser with regard to the economic problems of their bank. I suppose that Wolman's advice is what was chiefly responsible for having kept their bank out of collapse when so many other banks went to the wall. Also, he advised them about their organization, about all kinds of things in their way of doing business. He would often draw their brief which they would present to the impartial chairman when they had a matter that came before the impartial chairman. He often took part in their negotiations with the employers looking for a new contract when they were demanding an increase in wages, or some other benefits. He was, I think, the father of the idea that the increasing productivity of the industry brought about a situation where they could, and should, divide some of the income that came as a result of the increased productivity among the workers, who, after all, by cooperation and participation had made this productivity possible.

So Wolman rode very high with them and I asked him about it. He said, sure, actually what they wanted above everything else was to be in the AF of L, but they wouldn't say so outright. So Wolman and I began to talk about the possibility of bringing them together with the AF of L.





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