Word: coding
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...mine selling price of every lump of the nation's soft coal last week fell a new 15% Federal tax, 90% of which will be rebated to producers who sign the NRA-like code prescribed by the Bituminous Coal Conservation Act of 1935. Moving promptly to resolve what President Roosevelt called "doubt, however reasonable," as to the Act's constitutionality, President James W. Carter of Virginia's and West Virginia's Carter Coal Co. lost one decision to the Government, won one against his family in District of Columbia Supreme Court...
Because the tax is not payable until Jan. 2, Justice Jesse C. Adkins refused President Carter a temporary injunction against forced code compliance, promised decision on his application for a permanent injunction within ten days. Justice Adkins gave the coal man a temporary injunction restraining his company from complying voluntarily with the code. President Carter wanted that because his stockholders, who are also members of his family, wanted to sign up without any legal quibbling...
When the new tax took effect last week only 1,873 of the 15,000 U. S. bituminous coal producers had signed the code but they accounted for almost one half the nation's annual output. The National Bituminous Coal Commission gave laggards a vigorous prod by promising strict enforcement of the Act's Section 14, which prohibits the purchase of codeless coal not only by the Government but by all private agencies serving the Government, such as PWA contractors and mail-carrying railroads...
Norman C. Norman got his first taste of publicity when he held out against the NRA jewelry code, refused to pay a $100 assessment for code administration, sought to go to Washington, make a test case. Next he demanded that Baltimore & Ohio Railroad pay him $39.10 in Roosevelt dollars on a $1,000 gold bond, instead of the $22.50 interest the company offered. This time he did make a test case. got his name and picture in the papers throughout the country as the U. S. Supreme Court pondered the "Gold Clause" (TIME, Jan. 21). Later he vainly tried...
...Your industry needs a code of ethics to bring together all the respectable, responsible members of your business," barked New York State's Commissioner of Taxation & Finance to a meeting of liquor dealers in Manhattan last week. "You may not be aware of it, but there is a real probability that a strong prohibition movement may be with us again within a few years if the abuses of the liquor industry continue...