Hegistry Noc. 926--fi
Approved C~ode No~. 413-Amendment Nu. i
NATIONAL RECOVERY' ADMINISTRATION
CODE OF FAIR COMPETITION
SHOE STOCK INDUSTRY
AS APPROVED ON DECEMBER 6, 1934
WE Do OUR PART
GOVERNMENT PRINTING OFFICE
WASHINGTON ; 1934
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Approved Code No. 413-Amnendment N'o. 1
AMltENDIMENT TO CODE OF FAI41R COMaPETITIONI
PASTED S~rHOE STOCK( ]INI~DUJSgTIRY
As Approved on December 6i, 1934
ALPPR~O\ING;-.' ?i AH:NIO )T OlF CcD OI:fF' LFAIR COM P.1IET1[ITION FOR TH'lE: EEARTED
SHOICE S~TOCKi INDUSTRY
An applicat-ion hanving been dunly innelle punandl~ll to andC in~ full
comiplianice. with thle poision-~i-, 1 of Title I of the Nationa~l Indutr~ial~~
Recoveryl3 Act. appIl~?-rove June 16, 1933? for approv-al of an amlendc-
lenlt. to the ~'clde of Fa'ir Comlpet~ition for thne P;1sted Shoe Stock
Industry, andll nctice of Opprtunritylli tol be heardc having been dulyT
given thrieon, i and the annexedl report on saidl unsendme~iitnt, conlitainr-
ing finding- wit reC' aspect thereto, hiav-ing been mlade andt lirc(te. d to
NTOW, THEREFORE, on behalf of the Presidlent_ of the United
States, the Nationral ILtdustrial Recovery B3oardc, p~ursuant to au~thlor-
ityT vested in it by Executiv- e Orders of the? President, includling:
Execu~tive Order N~o. 6@i9: daltedc Sep~tember~l 27, 19:34, and otherwise,
does hereby inr.cnll-porate.: by reference, said unnexedr~ r~eport and does
find that said~ nmendinent.~ll and the Cide us~ can itituitedl after being
amended compl~~,y in all respects writh th~e pertinent: provisions and
will promote the policy and purposes of said Tlitle of a~il id Act, and
does hler~ebyS border~ that sa~id ametndmlent be and it is herlebyS approved,
and that the previous approval of said Code is hereby amendedt to
include an app~Troval of -n11 Code(C in its entirety as amllendedl.
NATIONAL INDU7STRIAL RE~COVERY BGARD,
By WV. A. HARRTMAx, Adm2~i~nib-troller' Offi'cer.
A1pprovaI1Fc.cl~l re lcnuneded:
~PREN~TI.Ss L. COONIEY,
A,-cting Divisfrionl Adminrli ;tr at~l'or.
VASH[INGTON: D. C"..
10147i0*-1--385--41-34 (1 1
REPORT T`O THE PR EVIDENT
The WhLite House.
Sir: This is a report on the amlenldment to the Code of Fa~~ir Comn-
petitionl for the Pasted Shoe St~ock Industry, which has been sub-
miitted in necordanlce with Executive Order No. 0678.
T1his ameridmecnt enables the Code AXuthor~ity to incur such r~ea-
sonlable obligations as are n~ecessary~ to support thne administration of
the code and to mnaintanin the stalcnldads of fair competition estalb-
lished by this code. It also enlablesi thte Code Authority to submit
an item~izedl budget, and an equritab~le basisi upon which the funds
necessary to support suchl budget shall be contributed btoy t~he memn-
bers of the industry. Such conltributionsi are mlade malndatoryII by
The Deptyl~~ Admnin istrator in his final report to usj on said Amnend-
mnent to saind'C~od e, having found as here~in set for~thI and on. the 'basis
of all the p~roceedings~c in this matter:
The National Industrial Recover~y Board finds that:
(a) The .Amendmlllent to the said C~ode and the Code as amended
are well decsiganed to promote the policies and. purposes of Title I
of the Nationlal Industrial RZecoveryr Ac~t, inclludinlg the r~emovanl of
obstruct-ions to the free, flow of interstate and foreign comlmerce
which tendt to diminish the atmount th~er~eof, and w~ill provide~ ~for the
genralel~ welfare by promonting thle organizations: of inrdustry for the
pulrpose" of cooper~ative action among trade groups. by inducing and
mainta~ining united action of lab~or and manag~emnrent under adlequlate
governmiental sanction and supyervision, by eliminating unfair com
p~etitivec practices, by promo7 t ingI the fuillest possible utii~zation! ofP the
present. pro~uc~tive capac~ity of the industries, byr avo~iding und~ue r~e-
st ric~tions of prIodu~ction ( except as mray be temnpor~arily required ), by
inceamgthe consumption of industrial and agrricultural p~roduct~s
through incr~easingf purchasing power, bty reducingr and relievingr un-
emuploymentt by improving standards of labor, andl by otherwrise re-
(b) The Code as amended complies in all recspec~ts with the perti-
nent pr~ovisions of said Title of said A-~ct, including without limitat-
tion Sub-section (a) of Section 3, Sub-sectionl (a) of Section 7 andc
Sub-section (b) of Section tol thereof.
(c) The Code empow-ers the Code authority to pr~esent the afo~re-
said Amlendmenti on behtalf of the TInd1ustryT as a whole.
(d) The Amiendmient and thle Code as amndnned are not designed
to and will niot permit monopolies or monopolistic practices.
(e) Trhe A~mendment andl thne Code as amendedl are not d'esigned~
to and will not elimninate or opp~~ress small enterprises andl will not
operate to dc'iscrimninute against theml.
(f) Those engaged in other steps of the economic process have
not beenr deprived of the right to be heard prior to the approval of
]For these reasons the amendment has been approved.
For thre National Industrial ]Recovery Bo0ard
W.T A. ITARRIMAN,
D)EC]EMBER 6, 1934.
AMTEND ENTIS TPO CODE)I OF FAITRt COMlPETITION FOR
THI-E PASTIED) SH-OE STOCK INDUSTRY
The followingr sh~all bse ubst~itultedt for' Article V, Sec~tion 5:
5. It bcing~ foundl~ necessary to support th~e adminirit ra;tio~n of thIis
C'ode, in orde~r to ctffectantc the policy of the Act and to mauintalin
the stamnelllds of fair c~ompletition estalblishled- hc~creunderl the Codie
Aulthority is aulthor~lized:
(a) To incur such IreasJonable obligations as are nece...-s\' ary and
proper''' forl the. foregoring~ purposes~c and to m~eet such o~bligain u
of funds whichi'~ shall be held in trust for the 1I'purpoet; of thle Codfe
andc' r~aisedl as hlelreinnfter~ prov.,\ided.
(b) To submlit to the National Ind'ustr~ial Recovery~1'3 Boar;1d for its
approval, Klubject to .suchl notice andl opportunity to be hea;1rl aIs mayl!
be dleemired necessary:
(1) An~ itemrizedr budge1~t of its estimated epeses~l~l for the fore-
:roing~L purpo-))Ces,; andc
(2) An eunit~able ba~sis upon which the fundlcs necessaryI) t~o support
such Iludglet shall be contr~ibutedl by all members of the Indtustry
enrtitled~ to thle beneltfitts neerninglil froml the malintenaCelll' of such Istandl-
ardls, and the administration thlerof ;
(c) After wh~(1 budg~let andc basis of assessment have been aproved~,~~~
by the Nationa~l Indu-triail Recovery Board, to dleterm~inc and~i co~lle~ct
equitable uIses-nientlls as set forth, and to thant end, if necem~a ry,, to
ins~tituite legal proceedings thlerefor in its own name.
(dt) Each member1Je of the Industry shall be liablelr for his or its
EqullitableT~ :Ises mentll to the expense of the mlninltelnace of the Codie
At~uthorityT as hlereinaubove provided.
(e) Oltly memllber of thle TIdu~str~y complyingf with the Corde and
rconltr~ibut~ing to the expenses of its administrat~~iojln a hereinalbove
providied (unless duly exemp~tted fr'oml making such conlt ribultionl)
shall be enltitledl to participate in the selection of mIl~rlember of thle
Codle Aulth~ority or to make use of anly emlbleml or indeniir n of the
National Rec~overyS Adinl~ist'a tion.1
(f) The C~ode Authority shall neithler incur nor payS anly ob~ligl-
tionl substantially in excetssj of the amount ther~leof as estimlatedl in its
approvJ\ed budc'get, andr shall in. no event exceed the total amrounlt con-
tainecd in the apprloved budlget, except upon approval of thle JNat~iona~l
Industrial R~ecovery B5oard; and no subsequent. budget shall contain
anly dlefic~ieclry itemr for expenditures in excess of pr1ior budgljet esti-
maltes except those which. the Nat~ionalR Industrflial Recove'ry Boardl
shall hiave so alpprov.\edl.
Approvedl Cod~e No. 418--Amenlmenlt No. 1.
Regifitry No. 926~--01.
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