Word: coding
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With the tension considerably eased by this unexpected surrender, Madam Secretary of Labor Perkins mounted the witness stand to fire a volley of criticism into other provisions of Steel's code. She had forearmed herself for this attack by going, in a black dress that would not show soot, right into the mills and blast furnaces at Pittsburgh to talk with employes on work & wages. Now before NRA she was an emphatic objector to Steel's limited concessions to Labor. With all the prestige of the New Deal behind her, she pointed out that the proposed 40-hour...
Meanwhile throughout the land there was a great scraping of pens and scratching of heads over President Roosevelt's temporary blanket code. To 5,000,000 employers postmen delivered 5,000,000 blank copies of this man-to-man "partnership" code for upping wages, reducing working hours, increasing purchasing power faster than prices. Thousands of employers signed the agreement quickly, heedlessly, sprinted to the post office to collect their free allotment of "NRA Member-We Do Our Part" advertising material. To each employer was given one large Blue Eagle placard, two small ones, five large square stickers, ten small...
...knew was far deeper than the reasons given. Mr. Moffett, friend of Franklin Roosevelt since Wartime days, a stanch supporter of his for the presidency and in the New Deal, has urged the Administration to take a hand in the oil industry, force upon it a code with teeth to regulate prices and production. On this point he has been long at odds with Mr. Teagle and Standard's Chairman W. S. Parish (he first submitted his resignation to them early in June). To this he referred last week saying, "My views as to the policies to be pursued...
...does not, however, require the company to approve of any and all measures that General Johnson wants to take. Obvious reason for the appointment of Mr. Moffett was that General Johnson prefers his advice to the advice of Mr. Teagle who has less drastic ideas about an oil code. The industry last week expected Mr. Moffett to be made General Johnson's right-hand enforcer of the code when adopted. Meantime the acceptance of Mr. Moffett's resignation shows that businessmen, however much they approve industrial re covery, are no reckless rooters for all measures proposed-are capable...
...recovery efforts, loud as it was in declaring so, inevitably had other interests at heart. Hardly a businessman in the whole U. S. but has taken forehanded measures tending to nullify the recovery program temporarily: has bought supplies or manufactured goods for future use before the new codes and higher prices go into effect. Obvious result is to lessen the amount of employment that will be available after wages are raised, hours shortened. In the oil industry many a company has stored cheap oil, but oil is not a prime example. Last week, the second in which the cotton textile...