NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
COTTON TEXTILE INDUSTRY
AS APPROVED ON JANUARY 22, 1935
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Approved Code No. 1-Amendment No. 12
Registry No. 299-25
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Approved Code No. 1-Amendment No. 12
AMENDMENT TO CODE OF FAIR COMPETITION
COTTON TEXTILE INDUSTRY
As Approved on January 22, 1935
APPROVING AMENDMENT OF CODE OF FAIR COMPETITION FOR THE
CoTTroN TEXTILE INDUSTRY
An application having been duly made pursuant to and in full
compliance with the provisions of Title I of the National Industrial
Recovery Act, approved June 16, 1933, for approval of an amend-
ment to a Code of Fair Competition for the Cotton Textile Indus-
try, and an opportunity to be heard thereon having been given and
the annexed report on said amendment, containing findings with
respect thereto, having been made and directed to the President:
NOW, THEREFORE, on behalf of the President of the United
States, the National Industrial Recovery Board, pursuant to author-
ity vested in it by Executive orders of the President, including
Executive Order No. 6859, dated September 27, 1934, and otherwise,
does hereby incorporate, by reference, said annexed report and does
find that said amendment and the Code as constituted after being
amended comply in all respects with the pertinent provisions and
will promote the policy and purposes of said Title of said Act, and
does hereby order that said amendment be and it is hereby approved,
and that the previous approval of said Code is hereby amended to
include an approval of said Code in its entirety as amended.
NATIONAL INDUSTRIAL RECOVERY BOARD,
By W. A. HARRIMAN, Administrative Oficer.
PRENTISS L. COONLEY,
WASHINGTON, D. C.,
January 22, 1935.
REPORT TO THE PRESIDENT
The White House.
SIR: This is a report on an amendment to the Code of Fair Com-
petition for the Cotton Textile Industry. Notice of Opportunity to
be Heard on this amendment was published on December 17, 1934;
only three objections were received within the given twenty day
period ending January 7, 1935. The amendment, which is attached,
was presented by duly qualified and authorized representatives of
the Industry, complying with statutory requirements, and being the
duly constituted Code Authority under the provisions of the said
Code for the said Industry.
Subsection (b) of Section 1 of the Trade Practices Governing the
Merchandising of Carded Cotton Yarn is liberalized to the extent
that where the performance of a contract is guaranteed by the
selling agent it is not obligatory upon such selling agent to furnish
the spinning mill with the name of the prospective customer.
The terms of sale recited in Section 7 of the Trade Practices
Governing Merchandising of Carded Cotton Yarn are changed so
that in the case of sales made on the basis of two percent discount
up to the tenth proximo shipments made on or after the 25th of the
month may be dated as of the first of the following month.
The Deputy Administrator in his final report to the National
Industrial Recovery Board on said amendment to said Code having
found as herein set forth, and on the basis of all the proceedings in
The National Industrial Recovery Board finds that:
(a) The amendment to said Code and the Code as amended are
well designed to promote the policies and purposes of Title I of
the National Industrial Recovery Act including the removal of
obstructions to the free flow of interstate and foreign commerce
which tend to diminish the amount thereof, and will provide for
the general welfare by promoting the organization of industry for
the purpose of cooperative action among trade groups, by inducing
and maintaining united action of labor and management under
adequate governmental sanction and supervision, by eliminating un-
fair competitive practices, by promoting the fullest possible utiliza-
tion of the present productive capacity of industries, by avoiding
undue restriction of production (except as may be temporarily re-
quired), by increasing the consumption of industrial and agricul-
tural products through increasing purchasing power, by reducing
and relieving unemployment, by improving the standards of labor
and by otherwise rehabilitating industry;
(b) The Code as amended complies in all respects with the perti-
nent provisions of said Title of said Act, including without limita-
tion Subsection (a) of Section 3, Subsection (a) of Section 7, and
Subsection (b) of Section 10 thereof;
(c) The Code empowers the Code Authority to present the afore-
said amendment on behalf of the Industry as a whole.
(d) The amendment and the Code as amended are not designed
to and will not permit monopolies or monopolistic practices.
(e) The amendment and the Code as amended are not designed to
and will not eliminate or oppress small enterprises and will not op-
erate to discriminate against them.
(f) Those engaged in other steps of the economic process have
not been deprived of the right to be heard prior to approval of said
For these reasons this amendment has been approved.
For the National Industrial Recovery Board:
W. A. HARRIMAN,
JANUARY 22, 1935.
AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE COTTON TEXTILE INDUSTRY
Amend Subsection (b) of Section 1 of the Trade Practices Gov-
erning the Merchandising of Carded Cotton Yarn by adding at the
end thereof, the following sentence:
Where the performance of the contract is guaranteed by the sell-
ing agent, however, it is not obligatory upon the selling agent to
furnish the spinning mill with the name of the prospective customer.
Amend Section 7 of the Trade Practices Governing the Merchan-
dising of Carded Cotton Yarn by the insertion, at the end of the first
sentence thereof, of the following sentence:
In the case of sales made on the basis of 2% discount up to the
10th proximo, shipments made on or after the 25th of the month
may be dated as of the first of the following month.
Approved Code No. 1-Amendment No. 12.
Registry No. 299-25.
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