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representing U. S. Steel. Alex Sachs was also on the committee and a clever young man from Lehman Brothers.

Anyhow, we worked awfully hard on this code. It was a very complicated and a very difficult one. That was one of the occasions when Alex Sachs telephoned me about 10:30 one night to say that he must see me at once, that there were some changes proposed in the code, that I must understand them now. So he came out to see us, arriving about eleven and stayed until three A.M. talking all the time in the big drawing room. He talked only of the code. Never for one moment did his mind get off this serious business - statistics, figures, and so on. He had a prodigious mind. He went back to the beginning and discussed production in the year 1891, and then production in the year 1907, all the way up to the present time. He discussed all the analytical reasons for the code. All this led up to the change that had been made in a particular part of the code, discussing optimum production, optimum wage, hours, and so forth.

I knew more about the practicality of hours in the steel industry that he did about the industrial practicality, because I, of course, know that steel is a necessarily continuous industry. You don't stop in steel. Your shift can't be done on an odds and ends basis. It's got to be absolutely regular. A man has got to stay on duty until