Word: coding
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Dates: during 1930-1939
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Next day while the steel code was being set down in black & white, General Johnson tackled the oil men. All his hard-boiled energy could not get them to agree with one another. Chief split was on price fixing. One group including Harry F. Sinclair, Kenneth R. Kingsbury of Standard Oil of California, Wirt Franklin, president of the Independent Petroleum Association, wanted complete price fixing from well to consumer. The other group including the representatives of Standard Oils of New Jersey and Indiana, Texas Co., Royal Dutch Shell, Gulf, Sun, Atlantic, favored only that oil should not be sold below...
First of the three codes to be pushed through to Presidential signature was lumber. It did not stop with providing a 40-hr, maximum week (extensible to 48 hr. at seasonal peaks) and wages of 40? an hour. It provided that the industry should undertake forest conservation measures (details to be worked out in co-operation with the Administration). Biggest of all it set up a "Lumber Code Authority Inc." which will 1) estimate consumption, work out production quotas; 2) set minimum prices so that no lumber products may be sold below cost. Dr. Wilson Compton, manager of the National...
...such reception was waiting for the steel and oil codes. The President's own persuasion was used to help wangle the steel code. U.S. Steel's Myron C. Taylor and Bethlehem's Charles M. Schwab spent an hour on the carpet in the White House. They emerged rather grimly, refused so much as a word to newshawks. One determined correspondent took Mr. Taylor's lapel, cried: "You'd better come clean. We're stockholders in your company...
...morning before he lumber code was finished General Johnson got the steel men into a room, kept them there for twelve hours with only a brief intermission for dinner-virtually whipped them into agreement. They came out late at night, glum, shaking their heads grievously. He had beaten down their demand for continuance of open shop.* The code provided a maximum 40-hr. week (extensible to 48 hr. at seasonal peaks); a minimum 40? an hour wage; an eight-hour day effective after Nov. 1 if the industry is operating at 60% or more of capacity; three representatives...
...Ickes-Moffett code set a 40-hr. week, 40? an hour minimum pay, empowered the President to fix for 90 days a maximum base price per gallon of gasoline, crude oil prices per bbl. to be 18.5 times as high as the gasoline price. By way of compromise the whole question of price was, however, left subject to change by a committee of 15 to be appointed by the President. The committee is to "recommend" to States the quota production they should permit and by forbidding greater shipments in interstate commerce will enforce its "recommendations." Furthermore, withdrawal of oil from...