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...signed by Franklin D. Roosevelt chiefly under the emergency powers delegated to him by Congress. He in turn has delegated most of these quasi-legislative powers to NIRB, FACA and the Secretaries of the Interior and Agriculture. Last summer the American Bar Association estimated that in its first year NRA had forbidden some 5,000 business practices, written 10,000 pages of substantive law. Last week investigation disclosed that in 1934 NRA has issued 10.269 administrative orders, AAA more than 300, the Petroleum Administration...

Author: /time Magazine | Title: JUDICIARY: Hip Pocket Law | 12/24/1934 | See Source »

...game manufacturers, a small respectable family of 35, have their own NRA code. Like the four Mills brothers* who make vending machines adorned with plums and cherries, they keep at a safe distance from the sleazy arcades. They sell pin games to the wholesaler. The wholesaler sells them to the operator for $40 or $50. The operator takes a machine around to cafes, smoke shops, arcades, where he installs it with the permission of the owner, known as the "location" man. The operator and location man split 50-50 or 60-40 on the proceeds during the life...

Author: /time Magazine | Title: Business & Finance: Pin Game | 12/24/1934 | See Source »

...Orleans. He was promoted to hotel pressagent. The best publicity job he ever did was to provide Governor Huey Long with a free and luxurious suite of rooms. Governor Long made him Colonel Weiss, appointed him treasurer of the Long political machine. Soon "Colonel" Weiss was appointed NRA Hotel Code chairman for 13 Southern states. Last week he was elected president of the newly formed New Orleans Roosevelt Corp., operator of the Hotel Roosevelt and the Hotel Bienville. Twenty-four hours later a Federal Grand Jury indicted him for evading taxes on a $200,000 income...

Author: /time Magazine | Title: Business & Finance: Personnel: Dec. 24, 1934 | 12/24/1934 | See Source »

...June 1933 President George A. Sloan of the Cotton Textile Institute walked into the White House, slapped down on President Roosevelt's desk a cotton textile agreement which, with modifications, became the first NRA code. When Mr. Sloan tried to resign as chairman of the Code Authority and president of the Textile Institute last summer, the industry would not hear of it. Fortnight ago the Institute re-elected him president. Last week, complaining of the "double load of important activities," he compromised by keeping his job with the Code Authority but resigning his job with the Institute. Goldthwaite...

Author: /time Magazine | Title: Business & Finance: Personnel: Dec. 24, 1934 | 12/24/1934 | See Source »

...modification without the consent of the publishers who subscribed to it. For the Labor Relations Board to take over the Jennings case, it was argued, would constitute "modification" which in turn would nullify the code which in turn would justify all publishers in withdrawing as a group from NRA...

Author: /time Magazine | Title: The Press: Unnecessary Torture | 12/24/1934 | See Source »

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