Word: coding
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...with Delta Finishing Co. of Philadelphia. The finished product the Department of Justice sells to the War Department at a fixed price. With the job about half done, the Delta concern lately informed the Justice Department that it was now operating under an NRA code, that costs had gone up 35%, that it could not complete its contract without more money from the U.S. The Justice Department was agreeable, provided the War Department paid more. Attorney General Cummings put the issue up to Comptroller McCarl who ruled last week...
With the Presidential special standing in Washington's Union Station one evening last week-puffing, impatient to be off with Mr. Roosevelt to Hyde Park- General Johnson in a few hours put across three big deals: wangled codes out of the lumber, steel and oil industries. Thus was a grave deadlock broken, the first major industries (aside from textiles) brought under the code provision of the Recover...
First of the three codes to be pushed through to Presidential signature was lumber. It did not stop with providing a 40-hr, maximum week (extensible to 48 hr. at seasonal peaks) and wages of 40? an hour. It provided that the industry should undertake forest conservation measures (details to be worked out in co-operation with the Administration). Biggest of all it set up a "Lumber Code Authority Inc." which will 1) estimate consumption, work out production quotas; 2) set minimum prices so that no lumber products may be sold below cost. Dr. Wilson Compton, manager of the National...
...such reception was waiting for the steel and oil codes. The President's own persuasion was used to help wangle the steel code. U.S. Steel's Myron C. Taylor and Bethlehem's Charles M. Schwab spent an hour on the carpet in the White House. They emerged rather grimly, refused so much as a word to newshawks. One determined correspondent took Mr. Taylor's lapel, cried: "You'd better come clean. We're stockholders in your company...
...deficit of $3,747,000 for 1932. Two years ago Lew Hahn was boosted to chairman of the board, Paul Quattlander made president. Now Hahn is quietly dropped. Meantime, however, he has become president of National Retail Dry Goods Association, has directed the drafting of the Dry Goods code. Last week having lost his store job, he offered his resignation to the Association. The Association, having relied on him from of old, refused to accept...