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Prince Bismarck received Chancellor Hitler's "observations" on this proposed convention last week in a long code cablegram from the Wilhelmstrasse. Calling his limousine he sped to Whitehall, marched into the office of tall, frigid British Foreign Secretary Sir John Simon and told him that Germany cannot wait until 1938 before beginning to achieve armament equality with France. At the very least, in Chancellor Hitler's view, the Fatherland should at once be allowed to have "samples" of all armaments now denied her by the Treaty of Versailles; big guns, tanks, battle planes. Finally, even if a four...

Author: /time Magazine | Title: INTERNATIONAL: Bismarck & Dynamite | 10/16/1933 | See Source »

...gazetted last week, will have "power to improve economic conditions, control and plan productive enterprises and protect the interests of workers." Just how they would do this Dr. Soong & colleagues were not quite sure last week, but they thought they might start by imposing some sort of code on China's cotton mills, predominantly owned by Japanese. "Both employes and employers who refuse to abide by our regulations," announced the NEC, "will face drastic penalties." Another aim of the NEC will be "to urge the Chinese people to buy Chinese...

Author: /time Magazine | Title: CHINA: Soong's NRA | 10/16/1933 | See Source »

Having waved over mine, shop and factory, the magic wand of the NRA was last week poised for its last big sweep, over the retail stores of the land. After public incantations which began in August and backstage sorcery continued all through September, the Retail Code was nearly ready for the President to approve and invoke...

Author: /time Magazine | Title: Business: Codes for Counters | 10/16/1933 | See Source »

Awaiting the settlement of the Retail Code, governing department stores, mail order houses and general retailers of all sorts large & small, were two collateral codes, the Drug Code and the Food Code. For into them was to go the Retail Code's key clause-or the principle it laid down -on price-cutting. The question of hours & wages was no issue; that had been settled by the President's blanket code. Labor was no problem. The nation's salespeople are wholly unorganized. The essence of the proposed magic was to end forever the blight of cutthroat competition...

Author: /time Magazine | Title: Business: Codes for Counters | 10/16/1933 | See Source »

...elsewhere." until harried by the Better Business Bureau to qualify it thus: "We endeavor (though we are not infallible) to sell our merchandise for at least 6% less than we could if we did not sell exclusively for cash." Macy's competitors saw to it that the Retail Code says: "No retailer shall use advertising which refers inaccurately ... to any competitor or his merchandise, prices, values, credit terms, policies or services." When Macy's observed, "Subdivisions 4 and 5 are aimed at Macy's and everybody knows it," nobody took the trouble to deny...

Author: /time Magazine | Title: Business: Codes for Counters | 10/16/1933 | See Source »

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