Word: nra
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Education. Boss Pew still winces when he recalls that he "fell for" Franklin Roosevelt in 1932. He continued to support the New Deal until NRA tried to fix oil prices and regulate the ruggedly individualistic oil industry. This was too much for Joe Pew. Said he: "Price-fixing is an evil, wicked thing." Every time the price of gasoline is raised 1?, he figures, exactly 6¼% of the total business dries up. He believes that price-fixing and production-curtailment, beyond ordinary conservation, are sins against God and Nature...
...Deal never had but two things worth-while," cracked Pat Hurley, his hat in his hand, all ready to toss into the ring. "One of them was NRA. The other was Hugh Johnson and he's from Oklahoma...
...Spot. Few of the utility men or stockbrokers whom Chairman Frank was to regulate had ever read his books. But as an alternative to Henderson, he was welcomed as the more knowing man. No foe of bigness-as-such, he had helped write NRA, had praised (in Save America First) the social value of "the intelligent monopolist," especially when subjected to government guidance. Taking office, he called SEC "in a true sense, a conservative institution," its purpose "conserving, by improving, our profit system," promised no radical departures from the Douglas regime. Then he went to work...
Such a trend is healthy; it makes for flexibility in government, and also for efficiency in crisis times. But it is also dangerous; it is susceptible of abuse, and easily degenerates into personal despotism. The NRA was a horrible example. What is needed is a check-rein, a body to sit in judgment on the judicial angles of the work of a Labor Relations Board or a Federal Communications Commission. Obviously, the Supreme Court is that body. Recent cases involving the NLRB show a tendency to recognize its new duty. Necessary now is only increasing recognition that, in the Chief...
...could be taken for a missionary (which his brother Paul, who has occasionally cooperated with him, is), was making quite a thing out of the Latin American and domestic market for munitions. He was engaged in "Protection Engineering" as president of Federal Laboratories, Inc., whose sales zoomed during NRA days as vendors of tear gas and machine guns to corporations involved in labor difficulties. Senator Nye's Munitions Committee and Senator La Follette's Civil Liberties Committee both investigated Mr. Young. Choice reports to Young publicized by the Committees: from Missionary Brother Paul in Ecuador, "Indian work . . . needs...