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Approved Code No. 170-Amendment No. 1 Registry No. 1001-03 

NATIONAL RECOVERY ADMINISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

GRINDING WHEEL INDUSTRY 

AS APPROVED ON SEPTEMBER 14, 1934 

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UNITED ST ATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 1934 

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Approved Code No. 170-Amendment No. 1 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

GRINDING WHEEL INDUSTRY 

As Approved on September 14, 1934 

ORDER 

APPROYING :M:oDIFICATION OF CoDE OF FArn CoM:PETITION FOR THE 

GRINDING ,~ HEEL 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, approYed June 16, 1933, for approval of a modification of a ode of Fair Competition for the Grinding vVheel Industry, and as contained in a Publi hed 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 Published otice, 

and the annexed report on said modification, containing findings with 

re pect thereto, having been made and directed to the President : 

No,v, THEREFORE, on behalf of the President of the United 

States, I , Hugh S. Johnson, Administrator for Industrial Recovery, 

pursuant to authority vested in me by Executive Orders of the Pre ident, including Executive Order No. 6543-A, dated December 30, 

1933, and otherwi e; do hereby incorporate, by reference, said 

annexed report and do find that said modification and the Code as 

constituted after being modified comply in all respects with the pertinent provisions and will promote the policy and purposes of said 

Title of aid Act, and do hereby order that said modification be and 

it is hereby approved, and that the previous approval of said Code 

is hereby modified to include an approval of said Code in its entirety 

as modified. 

HUGH s. JOHNSON 

Ad!rninistrator for /ndust1'ial R ecovery. 

Approval recommended: 

C. E. ADAMS, 

Division Admin-istrator. 

WA HI GTON, D.C., 

eptember 14, 1934. 

86017°-1181-61-34 (1) 
REPORT TO THE PRESIDENT 

The PnESIDENT, 

The lV hite House. 

Srn: An application has been duly made pursuant to and in full 

compliance with the provisions 0£ the National Industrial Recovery 

Act, £or a modificat10n 0£ the Code 0£ Fair Competition for the 

Grinding vVheel Industry, submitted by the Code Authority for the 

Grinding vVheel Industry. 

The purpose and effect 0£ the modification is to authorize the Code 

Authority to submit a budget and method of assessment upon which 

funds shall be contributed by members 0£ the Industry. 

FINDINGS 

The Deputy Administrator in his final report to me on said modification 0£ said Code having found as herein set forth and on the 

basis of all the proceedings in this matter: 

I find that: 

(a) The modification of said Code and the Code as modified are 

well designed to promote the policies and purposes 0£ Title I 0£ the 

National Industrial Recovery Act including the removal of obstructions to the fre,e 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 unfair competitive practices, by promoting the fullest possible utilization of the 

present productive capacity of the industries, by avoiding undue 

restrictions of production ( except as may be temporarily required), 

by increasing the consumption of industrial and agricultural products 

through increasing purchasing power, by reducing and relieving 

unemployment, by improving standards of labor, and by otherwise 

rehabilitatino- industry. 

(b) The 5ode as modified complies in 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) The Code empowers the Code Authority to present the aforesaid 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. 

(2) 
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( e) The modification and the Code as modified are not designed 

to and will not eliminate or oppre s small enterprises and will not 

operate to discriminate against them. 

( f) Those engaged in other steps of the economic proce.ss have 

not been deprived of the right to be heard prior to approval of said 

n1odification. 

For the e reasons, therefore, I have approved this modification. 

Respectfully, 

SEPTEMBER 14, 1934. 

HUGH s. JOHNSON' 

Administrat01'. 
MODIFICATION OF CODE OF FAIR COMPETITION FOR 

THE GRINDING vVHEEL INDUSTRY 

Modify Article VII, Section 1, by eliminating subsection ( f) and 

by substituting in lieu thereof the following: 

(f) (1) It being found necessary in order to support the administration of this code and to maintain the standards of fair competition established hereunder 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 hereinafter provided and 

which shall be held in trust for the purposes of the Code; 

To submit to the Administrator for his approval, subject to 

such notice and opportunity to be heard as he may deem necessary (1) an itemized 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 approved by the Administrator, to determine and obtain equitable 

contribution as above set forth by all members of the industry, 

and to that end, if necessary, to institute legal pr0ceedings therefor in its own name. 

(2) Each member of the industry shall pay his or its equitable 

contribution to the expenses of the maintenance of the Code Authority, determined as hereinabove provided, and subject to rules and 

regulations pertaining thereto issued by the Administrator. Only 

members of the industry complying with the code and contributing 

to the expenses of its administration as hereinabove provided, ( unless 

duly exempted from making such contributions,) shall be entitled 

to participate in the selection of members of the Code Authority or to receive the benefits of any of its voluntary activities or to make use of any emblem or insignia of the National 

Recovery Administration. 

(3) The Code Authority shall neither incur nor pay any obligation 

substantially in excess of the amount thereof as estimated in its approved budget, and shall in no event exceed the total amount contained in the approved budget, except upon approval of the 

Administrator; and no subsequent budget shall contain any deficiency 

item for expenditures in excess of prior budget estimates except those 

which the Administrator shall have so approved. 

Approved Code No. 170-Amendment No. 1. 

Registry No. 1001-03. 

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