RAILWAY STRIKE IMMINENT.

North Otago Times, Volume CIV, Issue 13662, 2 September 1916, Page 7

RAILWAY STRIKE IMMINENT.

ACUTE SITUATION IN AMEMCA, (Per Cable—Press Association —Copyright.') (Australian awl N.Z. Cablo Association.) . ".' : NEW YORK, August 31. K' Wall Street is betting two to one \ against a railway strike on Monday. The railway situation is creating the • most intense interest, Individual Congressmen arc anxious to avoid aulagon- " 'ising organised Labour, and the present indications suggest that Congress, before Monday, will pass a law legalising the- eight-hour day for railwaymen.. Meanwhile the managers are pressing the Government to uecuro the authorisation of increased freight rates, but Congress may postpone action in this matter. •

In effect tlie trade unions have delivered an ultimatum to Congress for the first time in American history, and the whole nation is highly, interested to see whether Congress will back down. The latest indications point to a strike being averted at least temporarily.