Registry No. 1660--01
__ __ _I_
For sale by the Superinitendent of Documents, Washington, D.C. - Price 5 cents
NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMaPETITI[ON
TOY AND PLAYTHINGS
AS APPROVED ON NOVEMBER 4, 1933
U;:i ,!. 4
I IIC 'r''~T
1. Executive Order
2. Letter of Transmittal
GOVERNMENT PRINTING OFFICE
WASHINGTON : 933
;TYE DO UR" PART
This publication is for sale by the Superintendent of Documents, Government
Printing Office, WTashington, D.O., and by district offces of the Bureau of Foreign
and Domestic Commerce.
DISTRICT OFFICES OF THE DEPARTMENT OF COMMERCE
At~lanta, Ga.: 504 Post Office Building.
Birmingham, Ahla.: 257 Federal Building.
Boston, Mass. : 1801 Customhouse.
Buffalo. N.Y.: Chamber of Commerce Building.
Charleston, S.C.: Chamber of Commerce Building.
Chicago, Ill.: Suite 17i06, 201 North WVells Street.
Cleveland, Ohio.: Chamber of Commerce.
Dallas, Tex.: Chamber of Commerce Building.
Detroit, Mlich.: 2213 First National Bank Building.
Houston, Tex.: Chamber of Commerce Building.
Indianapolis, Ind.: Chamber of Commerce Building.
Jacksonville, Fla.: Chamber of Commerce Building.
K~ansas City, Mo.: 1028 Baltimore Avenue.
Los Angeles. Calif.: 1163 South Broadway.
Louisville, Ky.: 408 Federal Building.
MempIhis, Tenn.: 229 Federal Building.
Minneapolis, Mlinn.: 213 Federal Building.
New Orleans, La.: Room 225-A, Custombouse.
New Y'or~k, Nr.Y.: 734 Custombouse.
Norfolk, Va.: 406 East Plume Street.
Philadelplhia, Pa.: 933 C'ommnercial Trust Building.
Pittsburgh. Pa,: Chamber of Commerce Building.
SPortland, Ore~g.: 215 New Post Office Building.
SSt. Louis, Mo.: 506 Olive Street.
,,San Fmracisco, Calif.: 310 Customhouse.
Seattle, W~ash.: 80i9 Federal Building.
CODE OF FAIR COMPETITION FOR THE TOY ANID PLAYTHINGS INDUSTRY
An application having been duly made, pursuant to and inr full
compliance with the provisions of tite I of the National Industrial
Recovery Act, approved June 16, 1933, for my approval of a Code
of Fair Competition for the Toy and Playt~hinlgs Indulstry, and
hearings~ having been held thereon and the Administrator having
rendered his report containing an analysis of the said code of fair
competition together w~ith his recommendations and finldingrs with
respect thereto, andl the Administrator having found that the said
code of fair competition complies in all respects w~ith the pertinent
provisions of title I of salid act andl that the requ~ir~ements- of clauses
(I1) and (2) of subsection (a) of section 3 of the said act have been
NOWi THEREFORCE, I, F'ranklin D. Rtoosevelt, President of the
United S~tates, pursuant to the authority vested in me bjr title I of
the National Industrial Recovery Aict, approved June 16, 1933, and
otherwise, do adopt and approve the report, r~ecommendationols, and
findings of the Administrator andl do order that the said code of
fair competition be and is hereby approved, subject to the following
That the application of the provisions of section 5, article III,
insofar as such section provides for the payment of time anld one
third for all hours over forty per week wFPorked by employees to whom
such provision applies, shall be stayged until Janluary 1, 1934-, at
which time such provisions shall become effective and have the same
force and effect as any' other provision of the code.
FRANKLIN D. ROOSEVELT,
)THE `THITE HOUSE,
November 174, ~G1933.
Approval recomnmendled :
HuanG S. JOHNSON,
The PRESIDENT,OcBE 1 9.
The Wthite House.
SmR: A Public Hearing on the Code of Fair Competition for the
Toy and Playthings Ind~ustry of the United States, submitted by
the Toy Manufacturers of the U.S.A., Inc., located at 200 Fifth Ave-
nue, New York, New York, was conducted in Washington on the
1st and 2nd of September 1933 in accordance with the provisions of'
the National Industrial Recovery Act. The Association claims to
represent 65 percent of the industry in addition to a number of
independent manufacturers who approve the code as submitted by
The maxrimum hours per week provided in this Code are 40 per
week, with provision for peak demand and emergencies. This is a
reduction of approximately eight to fourteen hours per week from
the hours worked in the industry in the past. The limitation of
hours will increase employment approximately 20 percent, which
will restore employment in this industry to approximately '90 per-
cent of the 1929 figure.
The minhnum wage of $12.00 per week, or 30 cents per hour,
while relatively lower than that of other industries, is consistent
with conditions of manufacture in the industry and the unskilled
nature of a large portion of the work. Wages in this industry have
been very low in the past.
The Census of 1Manufac~tures reports a total value of products for
1929 of approximately $103,647,000. The ratio of wages to value of
products in 1929 for the industry as a whole was 25.1 percent.
From evidence adduced at the hearing and recommendations of
the Research and Planning Division, a provision for the elimination
of home work as of January 1, 1934, has been included.
Further evidence establishes the fact that this industry will re-
ceive practically no benefit, from the operation of this code until the
year 19341 because of outstanding contracts which are made early in
the year for the manufacture and delivery of the products of the
mndu'stry to the trade. The additional expense which must be ab-
sorbed due to the higher wages and shortened hours is a very definite
burden until such time as these outstanding contracts a~re consum-
It is, therefore, recommended that a. stay of operation of the time
and one third provision for all hours worked per week over 40 as set
forth in Section 5, of Article III, of the Code, be granted by execu-
tive order until January 1, 19,34, at which time this provision shall
The Admiinistrator finds that:
(a) The Code as recommended complies in all respects with the
pertinent provisions of Title I of the Act, including, without limita-
tion, subsection (a) of Section 7, and subsection (b) of Section 10
thereof ; and that
(b) The Toy Mlanufacturers of t~he U.S.A., Inc., the applicant
group herein, imposes no inequitable restrictions on admission to
membership and is truly representative of the T'oyi and Playt~hingas
Industry; and that
(c) The Code as recommended is not designed to promote monopo-
lies or to eliminate or oppress small enterprises and will not operate
to discriminate against them, andi will tend to effectuate the policy
of Title I: of the National Industrial Recovery Act.
This industry has cooperated in a most satisfactory manner wvit~h
the Ad~cministration in the preparation of this Code. F~Erom evidence
adduced during this hearing and from recomlmendations and reports
of the various Advisory Boards it is believed that this Code as now
proposed and revised represents an effective, practical, equitable solu-
ion for this industry, and its approval as herewith submitted is
Res pect f ully,
I3[van S. JoHNson,
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CODE OF FAIR COMPETITION FOR THE. TOY AND
To effectuate the policy of Title I of the National Industrial Re-
covery Act, the following provisions are submitted as a Code of
Fair Competition for the Toy and Playthings Industry, and upon
approval by the President, shall be the standard of fair competition
for this industry.
ARTICLE II- DEFINITIONS
1. As used herein the term "' Toy anrd Playthings Industry is de-
fined to mean the manufacture and production of any or all of the
general classes of articles as listed in Schledule A, annexedl to this
Code and made a part hereof, or any' part or parts of an~y one or
more of such articles, and such kindred lines of manufacture or pro-
duction as may from time to time be included under the provisions
of this Code.
2. The term employJee as used herein includes any person en-
gaged in any phase of the industry in any capacity receiving comp-
pensationn for his services, irrespective of the method of payment of
such compensation, and shall include all proprietors, partners, super-
visors, andl foremen w~hen actually engaged in productive work.
3. The term "' employer as ulsed herein includes anyone engaged
in the manufacture or production of anyr or all of the articles or any
part or parts of any one or more of such articles as listed in Schedule
A annexed to this Code.
4. The term cleaners shall mean that class of employees whoe
perform only such work as is commonly performed by jamitors.
5. The term L" effective date as used hereinr shall mean the second
Monday following the approval of this Code by the President.
6. The terms "' President ", "'Act ", andc "'Administrator as used
herein shall mean respectively the President of the United States,
the National Industrial Recovery Act, and the Administrator of such
1. No employee shall be permitted to work in excess of fortyT (40)
hours in any one week except executives who receive over $35.010 per
week, and outside sales persons, supervisoryI staff, and office em-
ployees who shall be permitted a tolerance of tenr percent above the
regular hours of wFork.
2. The maximum hours fixed in th~e foregomg section shall not
apply to employees on emergency repair work, involving br~ea;-
downls or protection of life or property, but in such special cases at
least time andi one third shall be paid for all hours worked in excess
of the maximum hours herein provided.
8. The maximum hours of labor for firemen, engineers, truck
drivers, shipping crews, and cleaners shall be forty (40) with a toler-
ance of ten percent; provided, that the rate of pay for all hours in
excess of forty (40) per weeki shall be one and one third times the
4. Watchmen may be employed in pairs and shall not work more
than 36 and 48 hours on alternate weeks, or an average of 42 hours
5. For those branches of the Toy and Playthings Industry in
which seasonal or peak demand places an unusual and temporary
burden, such number of hours may be worked as are required by the
necessities of the situation, but in no case shall an employee work
more than 48 hours in any one week, or 96 hours in any calendar year
in excess of the maximum provisions set forth in ~paragraphs 1 and 3;
provided, however, that time and one third shall be paid fror all hours
per week over forty. At the end of each calendar month every em-
ployer shall report to the Administrator, through the Code Au-'
thority, in such detail as may be required, the number of man-hours
worked in that month on account of seasonal or peak demand re-
quiremnents and thle ratio which said man-hours bear to the total
number of man-hours of labor during said month.
6. No employee shall work, or be permitted to work, for a total
number of hours in excess of the number of hours prescribed herein
whether he be employed by one or more employers.
7. Home work is hereby prohibited after January 1, 1934.
1. No employee shall be paid at less than the rate of thirty cents
(304) per hour or twelve dollars ($12.00) per week for forty (40))
hours of labor, except that:
(a) Learners who have had no previous experience or employ-
ment in this industry shall, for a six weeks' learning period, receive
80 percent of the minimum above provided or nine dollars and sixty
cents ($9.60) per weekr for forty (40) hours of labor, and shall be
limited to ten percent of the total number of employees, and except
further, that. in plants totaling less than twenty-five employees one
learner may be allowed for each six employees.
2. This article establishes a minimum rate of pay, regardless of
whether an employee is comlpensat~ed on a time rate or piecework or
3. It is the policy of the members of this industry to refrain from
reducing the compensation for employment which compensation was,
prior to June 16, 1933, in excess of the minimum wage herein set
forth, notwithstanding that the hours of work in such employment
may be reduced; and all members of this industry shall endeavor to
increase the pay of all employees in excess of the minimum wage, as
herein set forth, by an equitable adjustment of all pay schedules.
4. Employers shall not reclassify employees so as to defeat the
purposes of the Act.
5. Female employees performing substantially the same work as
male employees shall receive the same rates of pay as male employees.
6. A rperonn whose earning power is limited because of physical
or mental defect, a~ge, or other infirmity, may be employedl on light
duty below the minimum wa.ge set by the O(Cd, provided the emnployer
obtains from the State Authority designated by the Unit~ed States
Department of Labor a certificate authorizing such. employment at
such wages and for such hours as shall be stated in the certificate
the provision of such certificate to designate the mninimnum w~age and
the me.ximum hours to be obnservled by the employer in. relation to
ARTICLE VT-CHILD LAEOR
No person under sixteen (16) years of age shall be employed in
the industry, nor anyone under eighteen years oft age at operations
or occupations hazardous in nature or detrimental to health. The
Code Authority shall submit to the Administrator for approval
before January 1, 19:34, a list of such hazardous occupations. Reli-
ance in good faith by an employer upon any evidence as to age ad-
missible in the courts of the State in which such employment takes
place shall be deemed a compliance with this provision.
To further effectuate the policies of the Act, a Code Authority is
hlerebyI established to cooperate with the Administrator in the ad-
ministration of this Code.
1. Organization and constitution of Code Authority.
(a) The Code Authority shall consist of nine members to be ap-
proved by the Administrator and chosen by a fair method of selec-
ton by t~he Nat~ional Committee of the TCoy and Playthings Industry
and not more than three memers~~ without vote, appointed at the
discretion of the President.
2. The National Commit~tee shall consist of the following:
The Board of Directors of the Toy M~anufacturers of the
Three (3) members of the Advisory Committee, as constituted
and provided by the. By-Laws of the Associationl.
The Chairmian of the Mallrketing Commlittee of the Toy Mianu-
facturers of the U.S.~A., Inc.
Representatives of each Division as outlined be-low:
Balloon Division Costume and Playsuit Division
Ball Division (Rubber) Desk DivTision
Book and Grame Division Doll and Baby Carriage Divisioc
Doll Division Sled DIivision
General Toy Divrision Sporting Goods Division (Juve-
Gfeneral Wood Toy Division nile)
Iron Toy Division Soft Stuffedl Toy Division
Playground Equipment Division Tinsel Division
(Juvenile) Wheel Goods Division
Pool and Billiard Table Division Croquet Division
(Juvenile) M~etal Toy Division
Pull Toy Division Party Goods and Decorations
Paint and Crayon Division Division
(a) Other divisions may be established upon application to the
(b) eEach Division may designate or establish its own Adminis-
ttieCommittee, subject to the approval of the Code Authority
and the Administrator, which shall make recommendations pertain-
ding to all conditions and problems relating exclusively to such
(c) Proposals affecting more than one division may be initiated
by any division affected, and shall be submitted for consideration to
the Code Authority; and, with the approval of the Administrator,
shall be binding upon the proposing divisions and all other divisions
3. The Toy M~anufacturers of the U.S.A., Incorporated, shall be
the Agency under the Code Authority for adminisstering the provi-
sions of this Code.
(a) There shall be submitted to the Administrator the Articles
of Association, By-Lawfs, Regulations, and any amendments when
made thereto, and such other information as to membership, orgaani-
zation, and activities as the Admzinistrator may require to effectuate
the purposes of this Act.
(b) No inequitable restrictions on admission to membership in the
Toy M~anufacturers of the U.S.A., Inc., or any other trade asso-
ciation or organized group participating in the activities of the Code
Authority shall be imposed, and any member of the industry shall
be eligible for membership in any such trade association or organ-
ized group upon compliance with the provisions of the bylaws relat-
ing to membership, providedp that any person appnlying for such
membership shall, in addition to the payment, of such dues as are
imposed and paid by all other members, accept a reasonable and
equitable share of the cost of code development and administra-
tion. Such members of the industry who do not choose to become
members of any trade association or organized group may partici-
pate in the activities of the Code Aiuthority as herein provided by
paying to the Code Authority such proportionate part of the cost
of the code development and administration as the Code Authority
subject to the Administrator's approval, shall prescribe as fair and
4. The Code Authority, subject to review b~y the Admiinistrator,
shall have t~he following duties and powers to the extent permitted
by this Act:
(a) To require and receive reports as to wages and hours of labor
showing actual hours worked by employees and minimum rates of
(b) To receive monthly reports showing stocks on hand, orders,
shipments, and cancellations, and
(c) In addition to the information required to be submitted to
the Code Authiority, there shall be furnished to governmental agen-
cies such statistical information as the Administrator may deem
necessary for the purposes cited in Section 3a of the National
Industrial Recovery Act, and such other data or information as
the Code Authority, subject to the approval of the Administrator,
may from time to time require.
(d) Except as otherwise provided in the National Industrial Re-
covery Act, all statistical data filed in accordance with the provisions
of paragraphs (a) and (b) above, shall be confidential; and reports,
statistical data, etc., submitted by one employer shall not be revealed
to any other employer except for the purpose of administering and
enforcing the provisions of this Code.
5. The Code Authority shall make recommendations to the
Administrator as follows:
(a) Recommendations as to the disposal of dropped lines, some-
times designated as close-outs."
(b) Recommendations regarding price differentials for all chan-
Trels of distribution.
(c) Recommendations as to additional discounts to be granted on
orders placed prior to October 1.
6. Prices of all products shall be based upon accurate and known
costs, as established by an adequate cost-finding system, approved
by the Administrator, which shall be open to inspection at reason-
able times by authorized nonmember representatives of th~e Toy
Manufacturers of the U.S.A., Inc.
ARTICLE VII-TRADE PRACTICES
The following practices constitute unfair methods of competition
and are prohibited:
1. The selling of any article below cost, as determined by an
adequate system of accounting.
2. The selling directly or indirectly or through a sales agent,
by any means whatsoever, any product of the industry at a price
lower. or at a discount greater or on mzore ~favorable. terms of pay-
ment than those provided in the current net price list or price list
and discount sheets on file with the Code. Authority. However, It
is hereby specifically provided that any member of the industry may
meet competition mn any specific instance biy ceiling his product at
a price not less than the lowest price of a comp~arabjle article on file
with the Code Authority.
3. Consignmentfs.--The selling of goods on consign ment or enter-
ing into agreements, such as the redating of orders, shipping in
excess of order, exchanging or accepting in return goods after selling
season, or' other practices which violate the principle of a bons fide
sale. Goods for reconditioninga shall be accepted only under the
written permission of the employer and providing adequate charges
shall be made for the cost of reconditioning; and transportation costs
shall be paid by the customer.
4. Delivery Praxctices.--The delivery of merchandise in quantities
in excess of that actually o~rder~ed and for which the buyer has con-
tPrcted ton pay, and the se;ndling of unordered merchandise either to
regular or prospective customers.
5. Rebates.--The granting of secret rebates or secret, concessions
in any form.
6. M~islereprsentati'on.-Misrepresentatio of merchandise on. the
part of any parties in respect to style, color, size, substance, design,
or quality, or the use of false, deceptive, untrue, or misleading state-
ments by way of advertising, branding, or otherwlise, concerning the
nature and character of own or competitor's merchandise on the part
of any or all parties concerned.
7. Commercial Bri'bery.--Commercial bribery, whatever the form.
8. Copying or Pirarcy in the Inducsty.--The copying obf lines or
items by competitors for their own use prior to the endI of the year
following that in which they were so originated.
9. Allozoances.--(a) The making of allowances for advertising in
(b) The making of allowances in any form for special sales or
other special or extraordinary sales events.
(c) The making of allowances in any form for freight, except
wherein a particular division of the Toy and Playthings Industry,
with the approval ofE the Code Authority, shall have established and
approved such allowances for the members of that division and onl
then when such allowances have been included in the sales price o
(d) The making of allowances for demonstrations in aLny form.
Howfever, the demonstration of merchandise in retail stores may be
arranged by manufacturers of the Toy and Playthings Industry,
()That all demonstration costs shall be paid by the employer.
()That the demonstrators shall be acceptable and accountable to
both t~he employer and the retailer.
(3) That the demonstrators may be discharged by either the
employer or the retailer.
(4) That the demonstrators shall devote their entire time and
attention to the demonstration of the employer's merchandise and
shall not write sales checks.
(5) That the costs of such demonstrations shall not be deducted
by the retailer when making payments for the merchandise.
10. Interference with C'ontrac~tual Relations.-Mlaliciously indue-
ing or attempting to induce the breach of an existing oral or written
contract between a competitor and his customer or source of suppy
or interfering with or obstructing the performance of any sc
contractual duties or services.
11. The offering or giving of prizes, pf'bmiums, or gifts in connec-
tion with the sale of products, or as an inducement thereto, by any
scheme which involves lottery, misrepresentation, or fraud.
12. Defamation.--The defamation of competitors by falsely im-
puting to them dishonorable conduct, inability to perform contracts,
questionable credit standing, or by other false representations or by
the false disparagement of t~he grade or quality of their goods.
13. Threats of Litigartion.--The publishing or circularizing of
threats of suits for infringement of patents or trade marks or of
any other legal proceedings not in good faith, with the tendency or
effect of harassing competitors or intimidating their customers.
14. Espionage of Compyetito;rs.-Securing confidential information
concerning the business of a competitor by a false or misleading
statement. or representation, by a false impersonation of one -in
authority, by bribery, or by any other unfair method.
15. Otherl Unfairl Practicres.-Nothing in this Code shall limit the
effect of any adjudication by the Courts or holding by the Federal
Trade Commission on complaint, finding, and order, that any prac-
tice or method is unfair, providing that such adjudication or holding
is not inconsistent with any provision of the Act or of this'Code.
ARTICLE VIII--TERMrS OF SALE, PAraEnTr, ETrC.
The following rules and regulations governing marketing prae-
tices shall be observed by all employers in the Toy and Playthings
Industry except where a particular division of the Industry, with
the approval of the Code Authority and the Administrator, shall
have established exceptions therefrom.
1. Terms of ;Sale.--Prices quoted shall be on the basis of a bona
fide sale and full details of all terms of sale as to dlate, payment,
quantityT, price, delivery arrangements, and thle like shall be set forth
in a written order and shall be strictly adhered to in the execution
of the order.
2. Termsa of Payment.--Selling terms shall not exceed two percent
(2%0) ten days, net thirty days: Bills are due and paylable nlet at
the offce of the seller within 30 days from the date of the invoice.
Datings shall not exceed the following schedules:
(a) Orders received for shipment in January, February, andl
MIarch may1 be dated the following April 1st upon the culstomer's
agreeing that shipment may be made at. any time at the seller's con-
venience prior to April 1st. Orders received for shipinentf Apr~il,
May, and June mayT be dated the following July 1st upon the cus-
tomer's agreeing th~at, shipment may be made at any time at the
seller's convenience prior to July 1st. Orders received for -;hipment
in July, August, and September may be dated the followring October
1st, upon the customer's agreeing that shipment may be miade at
any time at the seller's convenience prior t~o October 1st. When dat-
ingas are granted, the discount of two percent (2%0) may be allowedt
on payments made on or prior t~o the 10th ~of that month anrd payment
will be due net, in full, on the 30thl day of that mnonthr.
(b) An anticipation may ealwdfravnepyeto
shipments of dated orders, but suchedo aniiation sh'all hot, exee
1/2 of 1 percent per month. No ~datingrs will b~e granted on shipments
in October, November, or December.
3. Freight.--All shipments shall be f.o.b. city of manufacture. In
any case where the employer has a warehouse stock in another city,
the goods shall be priced to include full cost of freight plus ware-
house expense, freight and warehouse expense to be shown on thne
4. Samnples.-Samples requestedl by customers shall be submitted
only on the basis of an outright sale and shipped f.o.b. factory. Such
samples shall not be subject to special sample discounts and shall
not be returnable.
5. Price Lists.--Each employer shall, ten days prior to the effective
date of his price list, file with the Code Authority net current price
lists and discount sheets. as the case may be.
6. Revised price lists, except in case of increases, of each and every
item, with discounts thereon, shall, ten (10) days prior to the effective
date of t~he revised price list., be filed from time to time thereafter
with the Code Authority.
As required by Section '7 (a) of Title I of the National Industrial
Recovery Act., the following provisions are conditions of this Code:
1. Employees shall have the right to organize and bargain col-
lectively through representatives of their own choosing, and shall be
free from interference, restraint, or coercion of employers of labor,
or their agents, in the designation of such representatives or in self-
organization or in other concerted activities for the purpose of
collective bargaining or other mutual a~id or- protection.
2. No employee and no one seeking employment shall be required,
as a condition of employment, to join any company union or. to
refrain from jommig, orgamizmg, or assisting a labor organization of
his own choosing; and
3. Employers shall comply with the maximum hours of labor,
minimum rates of pay, and other conditions of employment approved
or prescribed by the President.
4. This Code and all the provisions thereof are expressly made
subject to the right of the President, in accordance with t~he pro-
visions of subsection (b) of Section 10 of Title I: of the National
Industrial Recovery Act, from time to time to cancel or modify an
order approval, license, rule, or regulation issued under Title I o
said Act, and specifically, but without limitation, to the right of the
President to cancel or modify his approval of this Code or any con-
dlitions imposed by him upon his approval thereof.
5. WTithin each State this Code shall not supersede any laws of
such State imposing more stringent requirements regulating the age
of employees, wages, hours of work, or health, fire, or general work-
ing conditions than under this Code.
6. Each employer shall post in conspicuous places full copies of
7. No provision of this Code shall be so applied as to permit
monopolies or monopolistic practices, or to eliminate, oppress, or
discriminate against small enterprises.
8. Such of the p~rovisions of this Code as are not required to be
included therein by the National Industrial Recovery Act miay, with
the approval of the President of the United States, be modified or
eliminated as changes in circumstances or experience may indicate,
such supplemental codes, however, to conform to and be consistent
with the provisions of this Code as now constituted or hereafter
changed. -It is contemplated that from time to time supplementary
provisions or additional codes will be submitted for approval of the
President of thfe United States to prevent unfair and destructive
competitive practices and to further effectuate the purposes and
pol icies of Title I of the National Industrial Recovery Act.
9. Any member of this industry who, prior to June 16, 1933, con-
tracted to buy or sell any goods, wares, or merchandise at a price
fixed as of thle date of said contract for future delivery, shall make
a bona fide effort to arrive at an equitable adjustment on the price
thereof as fixed by said contract to meet any proper mecrease 2n
the cost of such goods, wares, or merchandise imposed by virtue of
any provision of the National Industrial Recovery Act and in the
event such effort fails to result in a mutually satisfactory adjustment
either party to said contract may refer the same for adjustment to
the Executive Committee of the industry, whiich said Committee
with the aid and assistance of the Administrator or his properly
designated agent or agents shall endeavor to arrive at an equitable
10. Price in creases.-W~he rea s the policy of thle Act to i increase
real purchasing power will be made impossible of consummation if
prices of goods and services increase as ralpidly as wages, it is
recognized that price increases should be dlelayed and that, wvhen
made, the same should, so far as reasonably possible,, be limited to
actual increases in the seller's costs.
Athletic Goods (Juvenile)
Balls and Balloons
Decorative Accessories (Xmas)
Dolls and Accessories
Doll Furniture and Houses
Furniture, Juvenile and D~oll
Guns (Toy) and Accessories
Iron andi other Small M\etal Toys
Motion Picture Projectors and Cameras
Paints and Crayons
Playground Equipment (Juvenile)
Playsuits and Costumes
Pool and Billiard Tables (Juvenile)
Sleds and Tob~oggans
Tools and Tool Chests (Juvenile)
Trains and Accessories
WVheel Goods, including WTagons, Ve-
loc~ipedes, Doll and Baby Carriages,
Party Goods and Decorations
UNIVERSITY OF FLORIDA.
Ill M II l I I ll M MEIIIIIUI
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The Toy and Playthings Industry shall include all employers who produce any
or all of the general classes of Toys, playthings, or kiindred lines listed below: