Investigation of the National Recovery Administration: Hearings Before the Committee on Finance, United States Senate, Seventy-fourth Congress, First Session, Pursuant to S. Res. 79, a Resolution for an Investigation of Certain Charges Concerning the Administration of Industrial Codes by the National Recovery Administration

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U.S. Government Printing Office, 1935

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Página 197 - President finds (1) that such associations or groups impose no inequitable restrictions on admission to membership therein and are truly representative of such trades or industries or subdivisions thereof, and (2) that such code or codes are not designed to promote monopolies or to eliminate or oppress small enterprises and will not operate to discriminate against them, and will tend to effectuate the policy of this title: Provided, That such code or codes shall not permit monopolies or monopolistic...
Página 267 - People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
Página 191 - While this title is in effect (or in the case of a license, while section 4 (a) is in effect) and for sixty days thereafter, any code, agreement, or license approved, prescribed, or issued and in effect under this title, and any action complying with the provisions thereof taken during such period, shall be exempt from the provisions of the antitrust laws of the United States.
Página 197 - President may approve a code or codes of fair competition for the trade or industry or subdivision thereof, represented by the applicant or applicants, if the President finds (1) that such associations or groups impose no inequitable restrictions on admission to membership therein and are truly representative of such trades or industries or subdivisions thereof, and (2) that such code or codes are not designed to promote monopolies or to eliminate or oppress small enterprises and will not operate...
Página 267 - But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies, much less to render them necessary.
Página 321 - The industrial and inter-industrial organization built upon the solid rock of clear knowledge and class consciousness will put the organized working class in actual control of the system of production, and the working class will then be ready to take possession of it.
Página 196 - President is authorized to institute proceedings to divorce from any holding company any pipe-line company controlled by such holding company which pipe-line company by unfair practices or by exorbitant rates in the transportation of petroleum or its products tends to create a monopoly.
Página 295 - The situation involves social and economic consequences of far-reaching and fundamental import. If the capitalistic system does not function as a competitive economy there will be increasing question whether it can or should endure. The real friends of capitalism are those who insist upon preserving its competitive character.
Página 256 - If not, the committee will stand adjourned until 10 o'clock tomorrow morning. (Whereupon, at 12 o'clock noon, the committee...
Página 295 - Generally speaking, when a price-fixing combination is successful in raising prices, consumption will decrease. The process of holding for a fixed price in the face of decreasing consumption means reduced employment and reduced income for labor. If consumption continues to decrease, a price-fixing system calls for still higher prices in order to protect profits and thus a new cycle of reduced consumption is initiated. It is a most significant fact that the steel industry was able to show satisfactory...

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