· Approved Code No. 127-Amendment No.1 Registry No. 1118-08 

NATIONAL RECOVERY ADMINISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

REINFORCING MATERIALS 

FABRICATING INDUSTRY 

AS APPROVED ON OCTOBER 5, 1934 

WI DO OUR PARI' 

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Approved Code No. 127-Amendment No. 1 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

REINFORCING MATERIALS FABRICATING 

INDUSTRY 

As Approved on October 5, 1934 

ORDER 

APPROVING AMENDMENT TO CoDE OF FAIR CoMPETITION FOR THE 

REINFORCING MATERIALS FABRICATING INDUSTRY 

An application having been duly made pursuant to and in :full 

c mpliance 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 Reinforcing Materials 

Fabricating Industry, and opportunity to be heard having been given 

and the annexed report on said amendment, 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 

tates the National Industrial Recovery Board, pursuant to authority ve ted in it by Executive Orders of the President, including 

Executive Order No. 6859, dated September 27th, 193•4, and otherwi e · does hereby incorporate by reference, said annexed report and 

does find that said amendment 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 modified to include an approval of said Code in its entirety as amended, 

. uch approval and uch amendment to take effect fourteen (14) days 

from the date hereof unless good cause to the contrary is shown to 

the National Indu trial Recovery Board before that time and the 

Board i u a sub equent order to that effect; provided, however, 

that ection 5 of Article V be deleted in its entirety and a new Section 5 of Article V be inserted which is as follows: 

' EC. 5. The expenses and reserves which shall be asses ed against 

each member of the Industry shall be based on the proportion which 

the value of hi pments of reinforcing materials of such member 

89718----1244-15----34 (1) 
2 

bears to the total value of shipments _o:f rein:forcing materials of 

all members of the Industry in the same current accounting period 

as determined by the Board o:f Directors." 

NATIONAL INDUSTRIAL RECOVERY BoARD, 

By G. A. LYNCH, Administrative Officer. 

Approval recommended .: 

WALTER G. HooKE, 

Acting Division Admifnistrator. 

WASIDNGTON, D. c., 

October 5, 1934. 
REPORT TO THE PRE IDENT 

The PRESIDE T 

The lV hi te H OU8e. 

rn: An application has been duly made pur uant to and in full 

comr liance with the provi ion of the National Industrial Recovery 

Act for amendment to the Code of Fair Competition for the Reinforcing ~Iaterial Fabricating Industry, submitted by the Code 

Authority for aid Indu try. 

The purpo and effect of the deletions and amendment as submitt d are to revi e the Code in conformity with the tandard requirem nt for control by the Admini tration of the action of the 

" de Authority, and for the in ertion in the Code of the standard 

mandatory clau es for the basis of assessment and contribution. 

FINDINGS 

The A si tant Deputy Administrator in his final report to The 

National Indu trial Recovery Board on said amendment to aid Code 

having found as herein set forth and on the basis of all the proceedings in this matter: 

It i found that: 

(a) The amendment to said Code and the Code as amended are 

well de igned to promote the f>Olicies 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 dimini h 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 upervi ion, by eliminating unfair competitive practice by promoting the fulle t possible utilization of the pre ent 

producti e capacity of the indu tries, by avoiding undue re triction 

of production (except as may be temporarily required), by increasing the con umption of indu trial and agricultural products through 

increa ing purcha ing power, by reducing and relieving unemployment, by improving standards of labor, and by otherwise rehabilitating indu try. 

(b) The Code as amended complies in all re pects with the pertinent provi ions of aid Title of said Act, including without limitation 

sub-section (a) of ection 3, sub-section (a) of Section 7, and subsection (b) of Section 10 thereof. 

(c) The amendment and the Code as amended are not designed 

to and will not permit monopolies or monopolistic practices. 

(3) 
4 

(d) The amendment and the Code as amended are not designed 

to and will not eliminate or oppress small enterprises and will not 

operat-e to discriminate against them. 

(e) 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 the e reasons, therefore, said amendment is hereby approved. 

Respectfully, 

OcTOBER 5, Ht34. 

NATIONAL INDUSTRIAL REcovERY BoARD, 

By G. A. LYNcH; Ad1ninist1·ative Officer. 
il1E DMENT TO CODE OF F IR COMPETITION FOR THE 

REINFORCING MATERIALS FABRICATING INDU TRY 

Del te in Ex utive Or r the following w rds: 

pro ided th t th following b added a ecti n of article V 

of the od . Th Board of Dir rs hall have the powers and duties else· 

wh r pro' i ed in thi ode ubje t to the right of the Administrator, on review, to di approve or modify any a tion taken by the 

Board of Directors'." 

l)elet ection of article V in its entirety, which is as follows: 

' EO. 8. The Board of Directors shall have the pow rs and duties 

el ewhere provi ed in thi code, subject to the right of the Administrator on review, to di approve or modify any action taken by the 

Boar of Director . ' 

In ert as new ection 8 of article V the following : 

' SEc. 8. If the National Industrial Recovery Board shall at any 

time d termine that any action of a code authority or any agency 

thereof may be unfair or unjust or contrary to the public intere t, 

the National Industrial Recovery Board may require that such action 

be u pended to afford an opportunity for investigation of the merits 

of uch action and further con ideration by such code authority or 

agency pending final action which shall not be effective unless the 

National Indu trial Recovery Board approves or unless it shall fail 

to di approve after thirty days' notice to it of intention to proceed 

with uch action in its original or modified form." 

In ert at nd of article V the following as sections 9, 10 and 11: 

' EC. 9. It being found nece sary in order to support the adminis· 

tration of thi Code and to maintain the standards of fair competition e tabli hed hereunder and to effectuate the policy of the Act, the 

Code Authority is authorized: 

' (a) To incur uch reac:onable obligations as are neces ary and 

proper for the foregoing I urpose , and to meet such obligations out 

of funds which may be raised as hereinafter provided and which 

shall be held in tru t for the purpo es of the Code. 

(b) To submit to thP National Industrial Recovery Board for 

its approval, subj, ct to uch notice and opportunity to be heard as 

it may deem ne ary ( 1) an itemized budget of 1ts estimated expen for the f reO'oing purpose , and (2) an equitable basis upon 

whi h the fund neces ary to upport such budget shall be con· 

tributed by members of the Indu try; 

' (c) After such budget and ba is of contribution have been ap· 

pr ved by the National Industrial Recovery Board, to determine and 

obtain quitable ontributions as above set forth by all members of 

the Indu try, and to that end, if necessary, to institute legal proce dings therefor in its own name. 

(5) 
lllllll ~lm~~~m~, ~ 1111 ~1i11 ~ ltl~~~~~~~~~ illllllllll 

6 3 1262 08856 1088 

"SEc. 10. 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 National Industrial 

Recovery Board. Failure to make payment thereof, after proper 

notice, will render a member of the Industry liable to appropriate 

legal proceedings. 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 Recover:y Administration. 

" SEc. 11. 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 

National Industrial Recovery Board; and no subsequent budget shall 

contain any deficiency item for expenditures in excess of prior budget 

estimates except those which theN ational Industrial Recovery Board 

shall have so approved." · 

Approved Code No. 127-Amendment No. 1. 

Registry No. 1118-08. 

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