Word: nra
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...Investigation volunteering to spy on their neighbors. To Washington flocked businessmen, big & small, proffering services. The President ordered memos drafted by all of his aides, their ideas to be boiled into a page. The Capitol combined the worried gloom of the last Hoover days with the rampant confusion of NRA Blue Eagle times...
After the war, Baruch offered his country three modest recommendations for preparedness: a skeleton defense staff of civilians, a skeleton munitions industry, a subsidy for the home production of imported strategic materials. None of them was followed. Fifteen years later, under onetime Board Member Hugh Johnson, NRA modeled its code authorities on the old war service committees. Such committees and trade associations are far more numerous and better versed in self-regulation than were their prototypes of 1916. But if the Board itself were to take up where it left off, its methods might not be so gentle. To Baruch...
...NRA had been dead three years when a Federal jury and judge at Madison, Wis. convicted twelve U. S. oil companies, two tycoons and three underlings of fixing (and raising) prices in the Midwest-what NRA had previously encouraged them to do.* For violating the Sherman Anti-Trust Act, each company was fined $5,000, each individual defendant $1,000. Upholding the convictions this week, the U. S. Supreme Court-which had just heard the Government argue its own right to fix coal prices (see p. 83)-knocked out any idea that under the law there is good price-fixing...
...Deal regulation of coal began with NRA, died in the Schechter chicken coop. The first coal regulation act (Guffey Act) passed with the help of a strike threat by John L. Lewis in 1935, was knocked out by the Supreme Court a year later. The second act, passed in 1937, created a National Bituminous Coal Commission, which at once tangled itself so thoroughly in politics that Franklin Roosevelt reorganized it out of existence and turned its job over to the Department of the Interior. There for nearly a year Director Howard Adams Gray and his able General Counsel Abe Fortas...
...NRA in oil made Mr. Pew mad; a practical man, he took his wrath to Republican headquarters in Washington to see how such nonsense could be stopped. Mr. Pew envisioned a big, bustling, businesslike office; instead, he found the office deserted except for underlings and one minor official who had dropped in to answer his social correspondence. Joe Pew was not only mad but disgusted. He entrained for Pennsylvania in the comforting belief that there at least the Republican Party could always be found at work. He couldn't find it. Mr. Pew put his convictions and dollars...