Word: nra
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...adviser to Publisher Julius David Stern, in whose Philadelphia Record he is a stockholder and director. In his book, This Changing World, published in 1933 but written before, he came to the conclusion that money & banking was the weak factor in capitalism, outlined what for all practical purposes was NRA and set up what are supposed to be the New Deal's long-range objectives. Wrote...
Pennsylvania's Senator Joseph Guffey made his money in oil, is making his political reputation in coal. To the miners he cried that if the little NRA for the soft coal industry, set up under the Guffey Bill, is declared unconstitutional, "I promise you that so far as I am concerned, the battle will continue. ... I am in this fight to a finish!'' Thereupon the miners rushed up and wrung "Joe"' Guffey's hand so vigorously that he had to nurse it for the rest...
...conceive you at that Liberty League banquet as it would be to imagine George Washington waving a cheery good-by to the ragged and bleeding band at Valley Forge while he rode forth to dine in sumptuous luxury with smug and sanctimonious Tories in nearby Philadelphia. . . . You approved NRA, you approved farm relief, you urged Federal spending and public works, you urged Congress to cut red tape and confer power on the Executive, you urged autocratic power for the President. . . . The New Deal was the platform of the Happy Warrior. The policies of the Liberty League have become the platform...
...confusion that followed the death of NRA the stockmarket went into a sharp decline. With this false movement well in mind, the market hesitated for only a few hours after the overthrow of AAA, then surged upward in a series of 3,000,000-share days that last week carried the industrial averages to new highs since November. Thus did business register its long view on the aftermath of AAA.* However, most businessmen were more concerned last week with the immediate results of AAA's passing upon these commodities...
Only one more big piece of news did the Press still wait for, the vote. It came at the end: Not unanimous like the invalidation of NRA, not 5-to-4 like the validation of the gold clause resolution, but 6-to-3. The two "variables," Chief Justice Hughes and Justice Roberts had joined the conservative wing of the Court to vote against the liberal wing...