I've just talked to the Secretary of Labor about progress on the settlement of the coal strike. They are making good progress. No final agreement has been reached. I've been in coal mines in Pennsylvania and other places to see the miners at work. I know that they are hard-working and patriotic Americans. They and the industry leaders both recognize that there is a tremendous responsibility on their shoulders, because the future of the unions, the future of an effective collective bargaining process, the future of the coal industry, and the we]fare of our Nation depends upon the success of these negotiations. They've been bargaining now, steadily, since they began at the White House a day and a half ago. They continued in their discussions until 2 o'clock this morning, and then after that, management with the Secretary of Labor from 2:30 until 5 in the morning. And I've asked them to stay at the bargaining table until a final agreement is reached. I have confidence that they will be successful, because they and I want to avoid the necessity for me, as President, to take more serious action if the bargaining process is not effective. The whole Nation is looking to them with hope and with confidence.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "I've just talked to the Secretary of Labor about progress on the settlement of the coal strike. They are making good progress. No final agreement has been reached. I've been in coal mines in Pennsylvania and other places to see the miners at work. I know that they are hard-working and patriotic Americans. They and the industry leaders both recognize that there is a tremendous responsibility on their shoulders, because the future of the unions, the future of an effective collective bargaining process, the future of the coal industry, and the we]fare of our Nation depends upon the success of these negotiations. They've been bargaining now, steadily, since they began at the White House a day and a half ago. They continued in their discussions until 2 o'clock this morning, and then after that, management with the Secretary of Labor from 2:30 until 5 in the morning. And I've asked them to stay at the bargaining table until a final agreement is reached. I have confidence that they will be successful, because they and I want to avoid the necessity for me, as President, to take more serious action if the bargaining process is not effective. The whole Nation is looking to them with hope and with confidence." in the context of "" to mean that wisdom is timeless.