Word: nra
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...NRA has nothing to do with farm credits, or home loan or farm loan or public works. . . . The AAA had to deal not with industry which operates all year, but with agriculture which operates on seasonal crops. It did not have authority in time to do all it intends for this year's crops. . . . Farm revolt may be useful, but it is no part of wisdom to revolt against our friends. . . . What did you ever get from these gentlemen who are now inciting you against the President's program? I'll tell you what...
...strong to hear their native son speak in the Coliseum. He declared that the Government's corn-hog loan program would increase farm income, that farm prices would be inflated by the President's new gold policy and by the upping of industrial wages under the NRA. But he conceded that such inflation might be slow. "This is especially true of dairy and livestock products." he said. "It may be necessary to increase quickly and materially the purchasing power of the people who consume those products. In other words, industrial payrolls must be increased...
...syndicate but he is bound by the bargains it makes respecting his wages and working hours or-if he is an employer-respecting the wages he must pay and the terms on which he must hire help (as are U. S. industrialists whether or not they have signed NRA codes). Strikes and lockouts are against Italian law, punished by heavy jail sentences on the theory that syndicates, like gentlemen, can and should adjust their differences without strife...
...their published statistics widely accepted as fundamental business barometers. American Telephone & Telegraph has its figures on installations. General Motors has its sales to consumers. And until last week U. S. Steel had its monthly figures on unfilled orders. Then Steel's Chairman Myron Charles Taylor announced that the NRA had put an end to this historic index. Henceforth Steel will publish figures only on tonnage actually shipped...
Steel's NRA code provides that with certain minor exceptions no orders may be booked for delivery beyond the calendar quarter and that cancellations carry a penalty. Thus users of steel have reduced their ordering to a hand-to-mouth basis. Steel's backlog used to be an index of confidence in the business future. The new figures on shipments will have the weakness of almost all indices-the past tense...