The unions would be expected to make the best terms that they could; and under the circumstances they ought to be able to make terms as good as trade conditions would allow.

These agreements would be absolute within the limits contained in the bond.

The employer should not have to keep on his pay-roll any man who in his opinion was not worth the money; but if any man was employed, he could not be obliged to work for less than for a certain sum.

On the other hand, in return for such a privileged position the unions would have to abandon a number of rules upon which they now insist.

Collective bargaining should establish the minimum amount of work and pay; but the maximum of work and pay should be left to individual arrangement.