Word: partnership
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Dates: during 1930-1939
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...Passed (323-to-76) the national recovery bill providing for a "partnership" between Government and Industry, for $3.300,000.000 worth of public works and for new taxes to finance them: sent it to the Senate. A general sales tax was defeated (265-to-137). (See p. 13.) ¶ Passed (262-to-19) a bill by Alabama's Steagall for government insurance of bank deposits; sent it to the Senate (see p. 14). ¶ Passed (202-to-137) a Senate bill authorizing R. F. C. to lend $50,000,000 on new issues of preferred stock by insurance companies...
...legislation, for all the powers it gave the President to put Government and Business into "partnership," contained few surprises. As a price for having the Anti-Trust laws suspended, each industry was to draft and subscribe to a fair trade code to be approved by the President. Each such code was to ration production so that some plants would not work 24 hours per day while others stood idle, to reduce working hours so that more employees could find jobs, to set up a minimum wage so that sweatshop operators could not steal the market, to give labor a free...
Papers for President Roosevelt's proposed "partnership" between Government and Business finally reached the White House last week. Late one evening New York's Senator Wagner handed them to President Roosevelt as the best composite thought of a swarm of Administration advisers. The President carried them with him on a quiet Sunday cruise down the Potomac, mulled over their details, began to think out a special message with which to submit them to Congress this week...
...been working over a National Recovery Act with Budget Director Douglas, Secretary of Labor Perkins, Assistant Secretary of Commerce Dickinson and other members of the "Brain Trust." Their White House instructions were to combine in one measure a broad program for public works to make new jobs and the "partnership" idea for Federal supervision of industrial production, prices, wages and working hours as enunciated by the President in his broadcast fortnight ago. The bill would be the Administration's substitute for the crude null and minimum-wage legislation pending in Congress...
...sidedness of a partnership with Government was last week amply forecast. In adjoining columns of many a morning newssheet appeared parallel accounts 1) reporting the Administration's plans for raising prices and relaxing the anti-trust laws to prevent useless competition; 2) reporting that Secretary of the Interior Ickes, having opened ten sealed bids for 400,000 barrels of cement for Boulder Dam. found them all uniformly $1.29 a barrel, up 20? since two month? ago. Angered, Mr. Ickes demanded that the Federal Trade Commission investigate whether the companies had entered into illegal price-fixing agreements. Not inconsistent were...