NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
GRINDING WHEEL INDUSTRY
For rsal by the Sperlatecndent of Doeumnents Washington, D.C. Pric 5 cents
Registry No. 1001--03
AS APPROVED ON SEPTEMBER 14, 19341
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GOVERNMENT PRINTING OFFICE
UNIVERSITY OF FLORIDA
3 1262 08482 9240
Approved Code No. 170--Amendment No. 1
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Approved Code No. 170--Amenmenet No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
G~RINDING WHEEL INDUSTRY
As Approved on September 14, 19341
APPROVING nlODIFICATION O1F CODE OF ~frAIR COM PETITION FOR THEI
GRINDINGe \fIEE IDUSTrY
An application having been duly made purrsuant to and in full
compliance with t~he provisions of Title I of the National Industrial
Recoveryv Act., appr~oved June 16, 19:33, for approval of a modiflea-
tion of a Code of Fair Competition for the Grindling WVheel Indus-
try, and as contained in a Published Notice of Opportunity to be
Heard, Administrative Order No. 170-6, dated July 25, 1934, and
no objections having been filed as provided in said Pulblished Notice,
and the annexed report on said modification, containing findings with
respect thereto, havinga been made and dir~ectedl to the Pre~sident.:
NOW, THEREFORE, on behalf of the President of the United
States, I, Hugh S. Johnson, Administrator for Industrial Recovery,
pursuant to authority restedl in me by Execut~ive Orders of the Presi-
dent, including Executive Order No. 6543-A, dated December 30,
1933, and otherwise; do hereby incorporate, by reference, said
annexed report, and do findl that said modification and t~he Code as
constituted after being modified comply in all respects with the perti-
nent provisions and will promote the policy and purposes of said
Title of said Act, and do hereby order that said modification be and
it is hereby approved, and that the previous approval of said Code
is hereby moditied to include an approval of said Code in its entirety
HUGH S. JoHNSON,
Administrator for Indcustri'al Recovery.
C. E. ADAMs,
September 14, 1934.
REPORT T`lO TH-E PRESIDENT
The W/hite House.
Sm: A ~n application has been. duly made pursuant to and in full
compliance with the provisions of the National Industrial Rtecovery
A1ct, for a modification of the Code of Fair Comcpetitionr for thle
Grinding W7heel Industry, submitted by the Code Authority for the
Grinding W~hee Industry.
The purpose and effect of the modification is to authorize the Code
Authority to submit a budget and method of assessment upon which
funds shall be contributed by members of the Industry~.
The D~epuxty Admlinistrator in hnis final report to me on said modifi-
cation of said Code having found as herein set :forthl and on thie
basis of all the proceedings in this matter:
I find that:
(a) The modification of said Code anrd the Code as modified are
well designed to promote the policies and purposes of Title I of the
National Industrial Recovery Act including the removal of obstruc-
tions to thne free flow of interstate a~nd 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 Grou~ps by inducing and mlain-
taining united action of labor and management under adequate
governmental sanction and supervision, by eliminating unfanir com-
petitive practices, by promoting the fullest possible utilization of the
present productive capacity of the industries, by avoiding undue
restrictions of production (except as ma~y be temporarily required),
by increasing the consumption of industrial and agricultural products
through increas-ing purchasing power, by reducing and relieving
ulnemptloym"ent, by improving standards of labor, and by otherwise
(ehb) tThe Code s modified complies inl all respects with the
pertinent provisions of said Title of said Act, including without
limitation Subsection (a) of Section 3, Subsection (a) of Section 7
and Subsection. (b) of Section 10 thereof.
(c) Thle Code empowers the Code Authority to present the afore-
said modification on behalf of the Industry as a whole.
(d) The modification and the Code as modified~ are not designed
to and -will not permit monopolies or monopolistic practices.
(e) The modification and the Code as moified are not designed
to andi will not eliminate or oppress small enterprises and will not
operate to discriminate against them.
(f) Those enganged ini other steps of the economic process have
not b~een depr~ivedc of the right to be heard prior to approval of said
For these~ reasons, therefore, I have~ approved this modification.
Hea S. JoINxson,
SEPTEM\BER 14, 1934.
MlODI]FICAL~TIONJ OF CODE OF ~FAIREZ COMfPETITION FOR
THE GRINDING WHEEL; INDUSTRY'
Modify Article VI[I, Section 1, by eliminating sutbsection (f) and
by substituting in lieu thereof th~e following:
(f) (1) It being found necessary in order to support the admrin-
istration of this code and to maintain the standards of fair compe-
tition established h~ereunder and to effectuate the policy of the Act,
the Code Authority is authorized:
To incur such reasonable obligations as are necessary and
proper for the foregoing purposes, and to meet, such obligations
out of funds which may be raised as her~einafter providedl and
which shall be held in trust for the! purposes of the Code;
To submit to the Administrator for his a approval, subject to
such notice and opportunity to be heard as he may deem neces-
sary (1) an itemmnled budget of its estimated expenses for the
foregoing purposes, and (2) an equitable basis upon which the
funds necessary to support such budget shall be contributed by
members of the Industry;
After such budget and basis of contribution have been ap)-
proved by the Administrator, to determine anld obtain equitable
contribution as above set forth by all. members of the industry,
and to that end, if necessary, to institute :legaal proceedings there-
for mn its own name.
(2) Each member of the industry shall pay his or its eqluitable
contribution to the expenses of the maintenance of the Codle Authflor-
ity, determined as hereinabove provided, andi subject. to rules anld
regulations pertaining thereto issued by the: Adm i nist ra tor. Only
members of the industry complying with the code and contributing
to the expenses of its administration as hereinabove provided, (unless
duly exrempted from making such contributionss) shall be entitled
to participate in the selection of members of the Code Au-
thority or to receive thle benefits of any of its voluntary ac-
tivities or to make use of any emblem or insignia of the National
(3) The Code Authority shall neither incur nor pay any obligation
substantially in excess of the: amount thereof as estimated in its ap-
proved budget, and shall in no event exceed the total amount con-
tained in the approved budget, except upon a pprov\al1 of the
Administrator; and no subsequent budget shall contain any deficiency
item for exrpenlditures in excess of prior budget estimates except those
which thne Administrator shall hatve so approved.
Approved Code No. 170--Amendment No. 1.
Registry N~o. 1001-03.
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