Word: nra
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More important than this score was the manner in which the Court wound up its historic session. In the Humphrey case, in the NRA case and in the Frazier-Lemke mortgage case (not strictly a New Deal item), the Court did not divide. As Chief Justice Hughes thinks it should do, and as he always works to try to make it do, the Court spoke unanimously. These unanimous decisions meant more, however, than a victory for the Chief Justice. They served warning on the New Deal that it could not hope to win a legal whitewash by packing the Court...
Within twelve hours after the Supreme Court voided NRA last fortnight the arch-Republican New York Herald Tribune and Los Angeles Times removed the Blue Eagle from their mastheads. Within 24 hours the Boston Transcript, St. Louis Post-Dispatch, Detroit Free Press, many another anti-New Deal newspaper did likewise. Hearst's Chicago Herald & Examiner hoisted red-white-&-blue flags in the Eagle's place. The New York Times and Scripps-Howard dailies everywhere left their Eagles flying. The lusty, liberal tabloid New York Daily News, first in the city to hoist the Eagle, ostentatiously hauled it down...
Least concerned of all U. S. journalists over the fate of NRA was the country's most famed editor, Arthur Brisbane, who now runs Hearst's tabloid New York Daily Mirror. While his neighbor Daily News was filling every editorial page for a week with angry philippics and cartoons against the Supreme Court, Editor Brisbane happily buried NRA with a scant half-column editorial. Then he got down to subjects much nearer his soft old heart -babies and gorillas. In a resounding editorial on the Dionne quintuplets' first birthday, he pointed the inevitable Brisbanal moral...
Nearly every lawyer, broker, banker and businessman in the land last week was almost wholly preoccupied with the overthrow of NRA. Full implications of the Supreme Court's decision were by no means clear, and while U. S. Business was more relieved than downright joyful, it was also jittery. Overnight, the stock-market greeted the return of business freedom with an opening rally, then dropped sharply, declined for the rest of the week. Uncertainty over the future of NRA and other New Deal legislation precipitated a general break in commodities. Wheat sank 5? per bu. to the lowest price...
...codes. Loss leader price wars are merely cheap advertising for big chain and department stores but they are often disastrous for small independent grocers, druggists or tobacconists, who count on fast-selling brands for a large part of their profits. And the little fellows, who objected so strenuously to NRA wages & hours, were last week howling to the White House about "predatory price-cutting" and "cutthroat competition...