Word: nra
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When General Johnson set out last week on a month's tour of the West to cultivate goodwill for NRA, he resolved to be on his best behavior. At Waterloo, Iowa he delivered his first speech (see p. 12). It was one of the most conciliatory, public utterances he had made in months. Curbing his reckless Johnsonese, he did not say that all his opponents were chiselers, did not claim that NRA was responsible for all recovery to date. And in opening his remarks he even put in a word of understanding for the newspaper publishers who battled him tooth...
...madness to say that any set of our people cannot sit down around a table without violence or bloodshed. Strikes are a necessary evil, but, like wars, they never got anything for anybody?unless it was bloodshed and black eyes." Thankfully the General added: "Strikes are happily no longer NRA babies...
Thus embittered strikers and embittered employers both determined to fight to a finish. Powerless were Archbishop Hanna and his board appointed by the President. They could "find facts," offer to arbitrate but force no sort of peace. NRA likewise had no power. Said General Johnson in Portland: "The seat of the trouble out here is the fact that, due to cross currents, the shipping industry has no code...
...Administration. Relief was being doled in quantities of which he approved. He championed silver and the President gave him and his fellows the Silver Purchase Act. When the Recovery Act was under debate he succeeded in inserting a provision on another of his favorite subjects?forbidding NRA codes to "permit monopolies or monopolistic practices"?and then ultimately voted against the measure. He joined Senator Nye in attacking NRA as a promoter of monopoly at the expense of "the little fellow" and the President gave him the Darrow board to investigate his complaints...
Last week the New York Commodity Exchange celebrated its first anniversary under one roof. Silk had been dull for more than a year. Hide sales had dropped 47,000,000 lb. Copper, restricted by NRA price controls, had been inactive for months, as had tin, affected by cartels abroad. Trading in silver futures slumped off three weeks ago when the Silver Purchase Act slapped a 50% tax on the profits of silver speculators. Only rubber continued to be active. Last week the Commodity Exchange, casting about for other staples in which its 950 members could do business, established a futures...