Word: coding
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...Cheek '26 was the chief proponent of a resolution to formulate a uniform athletic code for all American colleges and universities, which was adopted by the conference of the National Student Federation of America which met in Columbus, Missourl, during the latter part of the past week...
...recommended that a national convention of student leaders, athletic directors, coaches, and athletes should draft the code and establish specific standards of amateurism, professionalism, and eligibility. Cheek pointed out that a serious disparity existed in eligibility rules and that a man could be a professional in one conference and an amateur in another...
Some of the code provisions are striking indications of the competitive aspects of the oil business. There is a rule that "lotteries, prizes, wheels of fortune or other games of chance shall not be used in connection with the sales of gas and motor oils." And it is expressly stipulated that no oil company shall indulge in the practice of painting out the signs and colors of a competitor...
...code requests that violations of its provisions be taken up with the proper "regional committee" of the American Petroleum Institute and should also be referred to the Federal Trade Commission. Thus the oil companies, though establishing their own board of arbitration, are attempting to cooperate with, rather than to take the place of the Federal board...
Long-planned, muchdiscussed, the code was adopted at the ninth annual meeting of the American Petroleum Institute in Chicago. Much of it might seem to consist of regulations which have become standard practices in most industries. It should be remembered, however, that the oil industry today suffers from overproduction, with its attendant fierceness of competition among more than 3,000 established oil companies. There are in this country about 320,000 oil wells with a potential daily production of about 3,000,000 barrels of oil. During 1926 the average daily domestic demand for crude oil was slightly over...