Word: richberg
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...Washington knew last week that Madam Secretary Perkins was one who wanted changes in NRA. Considering the number of times she and Mr. Richberg had been in session with the President it seemed not at all unlikely that she might reach her goal...
...reason General Johnson had served for a whole year at such a lowly salary was that he had assigned NRA's top salary, $14,000, to Donald Richberg in order to get the Chicago lawyer as NRA's chief counsel. Whereas General Johnson was the son of a postmaster and politician in rough and tumble Oklahoma, Donald Richberg was the son of a successful lawyer with a good practice in Chicago. Son Richberg, as became his position in the world, went through the University of Chicago and Harvard Law School, entered his father's law office?and promptly became disgusted...
...laws, to allow some price-fixing, some limitation of production. Mr. Richberg, a lifelong advocate of fair and free competition, tends to look askance on such measures. If his views are followed in reorganizing NRA, price-fixing may go by the boards, along with limitation of production, and suspension of the anti-trust laws. That, at least, is the direction of his inclinations and those of his partner, Madam Secretary Perkins...
...Regulation. General Johnson looks upon NRA as a means for encouraging business to regulate itself. He has indicated that he looks forward eventually to turning NRA over to business, allowing the Government merely to keep tab on how business behaves. Mr. Richberg thinks of regulation not in terms of self-regulation but in terms of such regulation as is imposed by the Federal Trade Commission. Instead of turning codes more and more back to industry he may well favor putting representatives of the Government and of labor on code authorities. "A middle course between the anarchy of unplanned, undisciplined industrialism...
Such differences of theory rather than personal differences were what stood between Mr. Richberg and General Johnson last week. To the testy General his general counsel's advocacy of changes in Johnson's own NRA could not help but savor of disloyalty. Mr. Richberg's loyalty to his own ideals put him in a delicate position regarding his old friend. But neither wished to quarrel with the other. Which one eventually gets the upper hand will be decided by President Roosevelt, but there is little doubt which way he leans. He does not want to break with the General, especially...