Word: aaas
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President Roosevelt and the New Deal are now disapproved by 62% of the nation-at-large, have lost ground in every section of the country-including AAA land-since last year and are favored in the Solid South only by a bare 2% margin...
...these facts combined to show in what kindly way the wind, fanned by AAA, was blowing for John Farmer...
Thus spoke Herbert Hoover when he was Secretary of Commerce. Today Mr. Hoover may have other notions as to what constitutes prime peacetime waste but he is still an honorary president of the American Arbitration Association, whose sole purpose is elimination of needless litigation. Mr. Hoover's AAA maintains a quasi-judicial system throughout the and where business disputes may be settled quickly, cheaply, secretly...
Arbitration is always voluntary. No one can force a businessman to take his squabbles to a private tribunal unless he has arbitration clauses in his contracts. And no one can force him to use arbitration clauses. But once the bickering parties submit their controversy to AAA they must proceed according to AAA's uniform, formalized and legally-binding rules. They are sure, however, that their trade secrets will be honored and their defeats discreetly hidden...
Another highway material currently attracting attention is cotton. In Mississippi last month huge bolts of open-mesh cotton fabric were unrolled, like a mile-long rug, on the new road between Greenville and Scott, under the eyes of 400 engineers, farmers and Federal bureaucrats, including Manager Oscar Johnston of AAA's Cotton Pool. The cotton, fixed by tar. is laid between the clay and gravel base and the asphalt surfacing. It acts as a binder, prevents stretching and cracking. Extra cost of the binder is $750 per mile, which, experiments in other States show, should be returned later...