Approved Code No. 1-Amendrnent No. 12 Registry No. 299-25 

NATIONAL RECOVERY ADMI NISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

COTTON TEXTILE INDUSTRY 

AS APPROVED ON JANUARY 22, 1935 

WE DO OUR PAJ!l' 

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UNITED STATES 

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WASHINGTON: 1935 

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Approved Code No. !- Amendment No. 12 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

C·OTTON TEXTILE INDUSTRY 

As Approved on January 22, 1935 

ORDER 

APPROVING AMENDMENT OF CoDE OF FAIR CoMPETITION FOR THE 

CoTTON 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 amendment to a Code of Fair Competition for the Cotton Textile Industry, 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 b€half of the President of the United 

States, the National Industrial Recovery Board, pursuant to authority 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 amendn1ent 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 Officer. 

Approval recommended: 

P RENTiss L. CooNLEY, 

Division Administrator. 

YVASHINGTON, D. c., 

J anuary B2, 1935. 

11035° ----1 465-10~ (1) 
REPORT TO THE PRESIDENT 

The PRESIDENT, 

T he White H OW3e. 

Srn: This is a report on an amendment to the Code of Fair Com-

~tition for the Cotton Textile Industry. Notice of Opportunity to 

be H eard on this amendment was published on December 17, 1934; 

only three obj ections 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 

this matter; 

The National Industrial Recovery Roard 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 welfa re 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 industries, by avoiding 

undue restriction of production (except as may be temporarily required), by increasing the consumption of industrial and agricultura l 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 pertinent provisions of said Title of said Act, including without limita-

(2) 
3 

tion Subsection (a) of Section 3, Sub ection (a) of Section 7, and 

Subsection (b) of Section 10 thereof; 

(c) The Code empowers the Code Authority to pre ent the aforesaid 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 operate to discriminate against them. 

(£) Those engaged in other steps of the economic process have 

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

amendment. 

For these reasons this amendment has been approved. 

For the National Industrial Recovery Board: 

JANUARY 22, 1935. 

w. A. HARRIMAN, 

Adminisflratiu Officer. 
AMENDl\fENT 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 : 

\Vhere the performance of the contract is guaranteed by the selling 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 Merchandising 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 

lOth 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-.A.mendment No. 12. 

Registry No. 299-25. 

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