Word: regulatee
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Last week the Federal Reserve Board, exercising its power to regulate margins as it pleases, abolished the 100%-low rule, leaving in effect the straight 45%-current-value formula, which means 55% margins. It was this part of the old formula that the Reserve Board changed last winter, upping margins...
Old Attack, This attempt to revive NRA in one industry was met by its opponents with the same weapons that proved so successful against NRA itself. One weapon was Lawyer Frederick H. Wood, of the portentous Manhattan law firm of Cravath, de Gersdorff, Swaine & Wood, who argued for the Schechter...
The nub of Lawyer Wood's argument was simple: "If the Congress can regulate the production of coal upon the theories now advanced, then it may regulate piecemeal and one by one substantially every industry in the country and would thereby be enabled to exercise the power specifically denied...
New Defense. The New Deal did not pick up the blunt and battered weapons with which it had failed to save NRA. Donald Richberg and Solicitor General Stanley Reed were not heard again in the courtroom nor were their arguments. This time the Government's counsel was John Dickinson...
The interstate character of the coal business was supported by briefs filed by no less than seven coal-producing states, each saying that it could not satisfactorily regulate the coal trade because of its interstate nature, that it wanted Federal help. Such briefs by states disclaiming any Federal invasion of...