Approved Code No. 222 Regi try No. 1333-11 

NATIONAL RECOVERY ADMINISTRATION 

CODE OF FAIR COMPETITION 

FOR THE 

CARD CLOTHING INDUSTRY 

AS APPROVED ON JANUARY 23, 1934 

I ,. • 

WE DO OUR PART 

-r I, 

U ' ITED STATES 

GOVERl'.rME "T PRI "TI G OFFICE 

WASHI ' GTO, : 1934 

For sale by the Su~rintendent of Documents, Washington, D. . - - - - - - - - Price 5 cen t.I 
This publication is for sale by the Superintendent of Documents, Government 

Printing Office, Washington, D.C., and by district offices of the Bureau of 

Foreign and Domestic Commerce. 

DISTRICT OFFICES OF THE DEPARTMENT OF COMMERCE 

Atlanta, Ga.: 504 Post Office Building. 

Birmingham, Ala. : 257 Federal Building. 

Boston, Mass. : 1801 Customhouse. 

Buffalo, N.Y.: Chamber of Commerce Building. 

Clrnrleston, S.C. : Chamber of Commerce Building. 

Chicago, IlL: Suite 1706, 201 North Wells Street. 

Cleveland, Ohio : Chamber of Commerce. 

Dallas, Tex. : Chamber of Commerce Building. 

Detroit, Mich.: 801 First National Bank Building. 

Houston, Tex.: Chamber of Commerce Building. 

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Jacksonville, Fla.: Chamber of Commerce Building. 

Kansas City, Mo.: 1028 Baltimore Avenue. 

Los Angeles, Calif.: 1163 South Broadway. 

Louisville, Ky. : 408 Federal Building. 

Memphis, Tenn.: 229 Federal Building. 

Minneapolis, Minn. : 213 Federal Building. - New Orleans, La.: Room 225-A, Customhouse. 

New York, N.Y.: 734 Customhouse. 

Norfolk, Va:: 406 East Plume Street. 

Philadelphia, Pa. : 422 Commercial Trust Building. 

Pittsburgh, Pa.: Chamber of Commerce Building. 

Portland, Oreg.: 215 New Post Office Building. 

St. Louis, Mo.: 506 Olive Street. 

San Francisco, Calif. : 310 Customhouse. 

Seattle, Wash.: 800 Federal Office Building. 

(II) 
Approved Code No. 222 

CODE OF FAIR COMPETITION 

FOR THE 

CARD CLOTHING INDUSTRY 

As Approved on January 23, 1934 

ORDER 

APPROVING CODE or FAIR COMPETITION 

FOR THE 

CARD CLOTHING 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 a Code of 

Fa.ir Competition for the Card Clothing Industry, and hearings 

having been duly held thereon and the annexed report on said Code, 

containing findings with respect thereto, having been made and 

directed to the President: 

NOW, THEREFORE, on behalf of the Pre ident of the United 

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

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

1933, and otherwise; do hereby incorporate by reference said annexed 

report and do find that said Code complies in all respects with the 

pertinent provisions and will promote the policy and purpo es of aid 

Title of said Act; and do hereby order that said Code of Fair Competition be and it is hereby approved. 

Approval recommended: 

MAL OLl\I MUIR, 

HUGH 8. JOHNSON, 

.Administ1·ator for Industrial Recovery. 

Division Administrator. 

WA IUNGTO D .. J amuary f3, 1934. 

35373°-313- 110-34 (357) 
The PRESIDENT, 

The White House. 

SrR: This is a report on the Code of Fair Competition for the 

Card Clothing Indu try of the nited State as revised after a 

Public Hearing conducted in Wa hingion on November 24, 1933, in 

accordance with the provisions of the National Industrial Recovery 

Act. 

PRovrsroNs FOR HouR AKD ,VAGEs 

Factory e1nployee are limited to 40 hours per week and 8 hours 

per day; except during periods of emergency production when 48 

hours per week will be permitted in any 6 weeks of any 6-month 

period, when time and a half will be paid for hours worked in excess of the above maximum. 

Exceptions to the above maximum hours apply to those engaged 

in care and maintenance work, stock clerks and delivery employees 

who are provided a tolerance of 10 percent over 40 hours in any 6 

weeks of any 6-month period, and to watchmen who will be limited 

to 56 hours and 6 days per week. Office employees are limited to 40 

hours per week on a monthly average, and 48 hours per week. The 

hour limitation will not apply to outside salesmen and those in an 

executive or supervisory capacity receiving more than 35 dollars per 

week. 

The minimum wage to all factory employees will be 40 cents per 

hour, except to apprentice card setters who will receive not less than 

80 percent of this minimum for the first 60 days of their employment, 

and to tho ·e mentally and physically handicapped. The minimum 

for office employees will be 15 dollars per week. 

CHILD LABOR 

The mm1mum age in the Industry will be 16 years, except 111 

hazardou occupations where the minimum will be 18 years. 

ECONOMIC EFFECT OF THE CODE 

With the reduction in hours from approximately 50 per week to 

the 40 hours per week specified in the Code, the Industry estimates 

that both employment and purchasing power of employees will be 

jncreased approximately 20 percent with the return of normal business in the textile industry. 

Until the passage of the National Industrial Reco-very Act this 

Industry had not been organized as a unit. The 10 members of the 

Industry belong to the Card Clothing Manufacturing As ociation, 

the proponents of the Code. 

(358) 
359 

While the total yearly ale ar comparativ ly mall the Indu try 

is an important one. Card lothinO' i the m lium which in t xtile 

machinery does the actual work of ardinO' or combino- out the cotton, wool~ and other textile fiber , and al o of rai ing the nap on 

clo h in the fini hing proce s. As working tool , the delicat wire 

teeth of card clothing are subject to con tant strain and wear, and 

the material must be replaced at frequent interval . The a~gregate number of employees in the Indu try in 19:.9 was 

500, while in 1932 they declined to approximat ly 400. 

FINDINGS 

The Deputy Administrator in his final report to me on said Code 

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

I find that: 

(a) Said Code is well designed to promote the policies and purposes of Title I of the National Industrial Recovery Act, including 

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 welfare by promoting the organization of industry for the purpose of cooperative action among the trade groups, 

by inducing and maintaining united action of labor and management 

under adequate governmental sanctions 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 agricultural products through increasing purchasing power, by reducin~ 

and relieving unemployment, by improving standards of labor anct. 

by otherwise rehabilitating industry. 

(b) Said Industry normally employs not more than 50,000 employees; and is not clas ified by me as a major industry. 

(c) The Code as approved 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; and that the applicant group 

is an indu trial group truly representative of the afore aid Industry; 

and that said group impo es no inequitable restrictions on adrni sion 

to membership therein. 

( d) The Code is not de igned to and will not permit monop lies 

or monopolistic practices. 

( e) The ode i not desiITTled to and will n t eliminate or opJ re 

mall enterpri e and will not operate to di criminate against th m. 

(f) Those eno-aged in oth r step of the economic proce shave not 

been d pri ed of the right to be heard prior to approval of aid ode. 

For the e reason , thi o le has been approved by m . 

Re pectfully, 

H OH s. J H ON, 

Administ1·ator. 
CODE OF FAIR COMPETITION 

FOR THE 

CARD CLOTHING INDUSTRY 

ARTICLE I-PURPOSES 

To effectuate the policies of Title I of the National Industrial Recovery Act, the following provisions are submitted as a Code of Fair 

Competition for the Card Clothing Industry, and u~on approval 

by the President shall be the standard of fair competition for this 

Industry, and shall be binding upon every member thereof. 

ARTICLE II-DEFINITIONS 

The following terms are used herein with the meanings set forth 

below: 

SECTION 1. "Card Clothing Industry" or the "Industry "-the 

manufacture for sale, and the sale by the manufacturer, of Card 

Clothing, which consists of wire teeth inserted into a foundation 

made of cotton, woolen, or linen cloth, felt, rubber, leather, or combinations thereof, used to cover or clothe parts of carding, napping, 

or brushing machines. Carding machines straighten and otherwise 

prepare textile or asbestos fibers for spinning into yarn, etc. Napping or brushing machines raise the ends of fibers in manufactured 

cloth. 

SEc. 2. " Employee "-anyone engaged in the Industry in any capacity, receiving compensation for his services, irrespective of the 

nature or method of payment of such compensation. 

SEc. 3. "Employer "-anyone by whom any such employee is compensated or en1ployed. 

SEc. 4. "Member of the Industry "-anyone engaged in the Industry as above defined, either as an employer or on his own behalf. 

SEc. 5. "A ociation "-the Card Clothing Manufacturers Association. 

SEc. 6. "Effective date "-the fifth day after approval of this 

Code by the President. 

SEc. 7. "Pre ident" "Act", and "Administrator "-respectively, 

the President of the United States, the National Industrial Recovery Act, and the Administrator of Title I of said Act. 

ARTICLE III-HoURs 

SECTION 1. No employee, except as hereinafter provided, shall be 

permitted to work in exce s of forty ( 40) hours per week, or in 

(360) 
361 

excess of eight (8) hours per day; provided, howe er, that during 

any period in which a concentrated demand upon any divi ion of 

the Indu ry hall place an unusual and temporary burden for production upon its facilitie , an employee of such division may be permitted to work not more than forty-eight ( 48) hour per week in 

any ix ( 6) weeks in any six ( 6) month ' period. Time and one 

half hall be paid for all hours worked in excess of eight (8) hours 

per day or forty ( 40) hours per week. 

EC. 2. There shall be a tolerance of ten ( 10) percent additional 

hours for employees engaged in the preparation, care, and maintenance of plant, machinery, and production facilities, and for stock 

and shipping clerks, and delivery employees, provided that such tolerance shall not result in such employees working in excess of fortyfour ( 44) hours per week in any six ( 6) weeks in any six ( 6) months' 

period. 

EC. 3. The limitation as to hours of labor shall not apply to 

commercial traveling salesmen, or to persons in a managerial, executive, or supervisory capacity who receive more than thirty-five (35) 

dollars per week. 

SEc. 4. No employer shall work any accounting, clerical, service, 

sales, or other office employee more than forty ( 40) hours per week 

on a monthly average, nor more than forty-eight (48) hours in any 

one week. 

SEc. 5. Watchmen may be permitted to work not more than fiftysix ( 56) hours in any one week, nor more than six ( 6) days in any 

seven (7) day period. 

SEc. 6. No employee shall work or knowingly be permitted to work 

for a total number of hours in excess of the munber of hours prescribed for each week and day, whether employed by one or more 

employers. · 

AnTICLE IV-WAGES 

SECTION 1. The minimum wage that shall be paid to any emp1oyee, 

except as hereinafter provided, shall be not less than forty ( 40) 

cents per hour. 

SEc. 2. All employees mentioned in Section 4, Article III, shall 

be paid at the rate of not less than fifteen (15) dollars per week; 

provided, however, that office boys under eighteen (18) years of 

age may be paid at the rare of not less than eighty (80) percent of 

the minimum wage stipulated in this Section 2; provided further, 

that the number of office boys shall not exceed five ( 5) percent of 

the total number of employees of any employer, covered by this section; provided further, that where the total number of such employees is le s than twenty (20), an employer shall be entitled to at 

least one (1) office boy. 

EC. 3. (a) A person whose earning capacity is limited becau e of 

age or physical or mental handicap may be employed on light work 

at a wage of not less than eighty (80) I ercent of the minimum prescribed by thi ode, provided the S ate uthority or a ncy de ignated by the United States Department of Labor shall have i ued 

a certificate authorizing his employment on such basis. Ea h member of the Indu try shall file with the Code Authority a li t of all 

such personB employed by him. 
362 

(b) Apprentice card etters, £or the fir.-t sixty (60) days o:f their 

employment, hall be pail at a rate 0£ not less than eighty (80) percent of the minimum wage proYicled in ection 1 0£ this Article IV. 

The total number of uch apprentices hall not exceed five ( 5) percent of the total number of card etter 0£ any one employer; provided, however that each emplo3 er hall be entitled to at least one 

(1) such apprentice. 

SEc. 4. Female employees performing substantially the same work 

as male emp oyees h3.ll receive the ame rate of pay as mal€ employees. Each memb r of the Industry shall, within ninety (90) 

days after the effective date of this Code, file with the Code Authority 

a description of all occupations in which both men and women are 

employed. 

SEc. 5. Thi Article establishes minimum rates of pay regardless 

of whether the emplo3 ee· compensation i based on a time rate, 

piece-work performance, or otherwise. 

SEc. 6. The hourly rate, base piece-work rate, or salary of all employees receiving more than the minimum rate or salary shall be 

equitably readjusted (but in no case reduced) unless such readjustment has already been made because of the operation of the 

President's Reemployment AgTeement. 

ARTICLE Y-GENER.AL LABOR PROYISIONS 

SECTIO 1. No person under sixteen ( 16) years of age shall be 

employed in the Industry and no one under eighteen (18) years of 

age shall be employed at operations or occupations hazardous in 

nature or detrimental to health. In any State an employer shall 

be deemed to have complied with this provision if he shall have on 

file a certificate or permit duly issued by the Authority in such 

State empowered to issue employment or age certificates or permits, 

showing that the employee i of the required age. Each member 

of the Industry shall submit to the Code Authority within thirty 

(30) days after the effective date of this Code a list of hazardous 

occupations. 

SEc. 2. Employees shall have the right to organize and bargain 

collectively through representative of their own choosing, and shall 

be free from the interference, restraint, or coercion of employers oi 

labor, or their agents, in the de ignation of such representatives, or 

jn self-organization or in other concerted activities for the purpose 

of collective bargaining or other mutual aid or protection. 

SEc. 3. No employee and no one seeking employment shall be 

required as a condition of employment to join any company union 

or to refrain from joinino-, organizing, or a sisting a labor organization of his own choosing. SEC. 4. Employers <:::hall comply with the maximum hours 0£ 

labor, minimum rates of pay. and other con lition of employment, 

approved or pre cribed by the President. 

SEc. 5. No provision in this Code shall supersede any State or 

Federal law which imposes on employer more stringent requirements as to age of employee , wages, hour of work, or as to safety, 

health, anitary or general working conditions, or insurance or fire 

protection than are imposed by this Code. 
363 

ARTICLE VI-Anl\IINI TRA TION 

To further effectuate the policie of the Act a Code Authority is 

hereby con tituted: 

SECTION 1. Organization and con titution of Code Authorit : 

(a) The Code Authority shall consisf of three (3) individual or 

such other nwnber as may be apprm .. ecl from time to tin1e by the 

Administrator, to be selected a hereinafter set forth. The Administrator, in his discretion, may appoint one to three additional members (without vote) to represent the Admini trator or uch groups 

or interests as may be agreed upon. 

(b) The Code Authority shall con i t of three (3) individual to 

be elected in the following manner by the member of the Indu try 

who ha e complied with the provisions of Section 4 of this 

Article VI: 

One (1) by equal vote of each member of the Indu try so entitled 

to vote. 

Two (2) by weighted vote based on the number of card setting 

machine owned by each member of the Indu ry so entitled to vote, 

each member to have one vote for each card ettino- ma hine own d 

at the time of balloting. 

Votes for electing member of the Code Authority a above p cifi d ma be cast in per on or by pro:x} at a m etin a emblecl for 

su ·h purpo e or may b a t by letter ballot. 

( ) Each trade or indu trial as o ·iation dire tly or in lire tly parti ipatino- in the electi n or actiYities of th ode Authorit hall: 

(1) imp e no in quitable r ri -tion on m mber hip and (2) ubmit to th Admini rat r true copi of it article of a o iati n b -

law r gulation an an am nclment. wh n ma 1 th r to to th r 

with such oth r inf rmati n a to 11emb r hip or anizati n and a - tivities a the .A.dmini trator may cl em n c ary t ff ctuat the 

purpo of the A t. 

( d In order that th d uth rit hall at all tim b truly 

repr entati e of the In lu try and in oth r r p t ompl with 

th provi i n of the t th dn ini trator ma pro id such h ar-
364 

ings as he may doom proper; and thereafter if he shall find that the 

Code Authority is not truly representative or does not in other respects comply with the provisions of the Act, may require an appropriate modification in the method of selection of the Code Authority. 

SEc. 2. The Code Authority shall have the following duties and 

powers to the extent permitted by the Act; provided, however, that 

if the Administrator shall determine that any action of a code authority or any agency thereof is unfair or unjust or contrary to the 

public interest, the Administrator may require that such action be 

suspended for a period of not to exceed thirty ( 30) days to afford an 

opportunity for investigation of the merits of such action and further 

consideration by such code authority or agency pending final action, 

which shall be taken only upon approval by the Administrator: 

(a) Present to the Administrator recommendations based on conditions in the Industry as they may develop from time to time which 

will tend to effectuate the operation of the provisions of this Code 

and the policy of the National Industrial Recovery Act. Such recommendations shall, upon approval by the President become operative as a pad of this Code. 

(b) Make investigations as to the functioning and observance of 

any provisions of this Code, at its own instance or on complaint by. 

any person affected. 

( c) Investigate and inform the Administrator on behalf of the 

Industry as to the importation of competitive articles into the United 

States in substantial quantities or in increasing ratio to domestic 

production on such terms or under such conditions as to render ineffective or seriously to endanger the maintenance of this Code, and 

as an agency for making complaint to the President on behalf of the 

Industry, under the provisions of the Act, with respect thereto. 

( d) Hear and attempt to adjust complaints in accordance with 

law; approve standard forms of contracts which shall be subject to 

the approval of the Administrator; consider proposals for amendments to this Code and make recommendations to the Administrator 

thereon. 

( e) :Make rules and regulations necessary for the administration 

of this Code, subject to the right of any affected person to appeal to 

the Administrator. 

SEc. 3. In order to provide data necessary for the administration 

of this Code, all members of the Industry shall furnish to the Code 

Authority such information or reports as may be required, subject 

to the approval of the Administrator. Such information as may be 

submitted by a member shall not be revealed to anyone not a member 

of the Code Authority but shall at all times be available to the 

Administrator. 

SEc. 4. Members of the Industry shall be entitled to participate in 

and share the benefits of the activities of the Code Authority and to 

participate in the selection of the members thereof by assenting to 

and complying with the requirements of this Code and sustaining 

their reasonable share of the expenses of its administration. The 

reasonable share of the expenses of administration shall be determined by tte Code Authority, subject to review by the Administrator, on the basis of volume of business and/or such other factors as 

may be deemed equitable to be taken into consideration. 
365 

ARTI LE VII-TRADE PRA Tl ES 

The following prac i on titute unfair meth cl of competition 

an 1 are prohibited: 

E TIO 1. False Marking or Bran din o·: Fal e marking or bran -

ing of any product of the Indu try which ha th t ndency to mislead or deceive customers or pros1 ective cu tom r · whether as to 

the grade, quality, quantity, sub tance, character nature, origin, ize, 

fini h, or preparation of any pro luct of the Industry or otherwi e. EC. 2. Mi repre entation or False or :Misleading Adv rti in : 

Making, cau ing or knowingly permitting to be made or publi hed, 

any false, materially inaccurat , or deceptive statement by way of 

advertisement or otherwise, whether concerning the grade, quality, 

quantity, substance, character, nature, origin, size, finish, or preparation of any product of the Industry, or the credit term value , policie or services of any member of the Indu ry, or otherwise, 

having the tendency or capacity to mislead or deceive customer or 

pro pective customers. 

SEc. 3. Commercial Bribery: Giving, permitting to be given or 

directly offering to give, anything of value :for the purpo e of influencing or rewarding the action of any employee, agent or repre entative of another in relation to the business of the employer of such 

employee, the principal of such agent or the represented party, without the knowledge of such employer, principal or party; provided, 

however, that this shall not be construed to prohibit free and g n ral 

distribution of articles commonly used for adverti ing except o far 

as such articles are actually used for commercial bribery a hereinabove defin d. 

SEC. 4. Interference with Contractual Relations : :Malicious!:, inducing or attempting to induce the brea h of an existing oral or 

written contract between a competitor and his customer or source of 

supply, or interfering with or obstructing the performance of any 

su h contractual duties or service . 

EC. 5. ecret Reb~tes: Secretly paying or allowing rebate , refunds commi sions, credits, or unearned discounts, whether in he 

form of money or otherwise, or the secret extension to certain purcha r of pecial service or privilege not extend d to all pur ha. r 

on like term and condition . The givino- of extended time beyond 

th regular e tabli hed net payment period filed with his pri by 

a h memb r of the Indu try i to be construed a un arne l di ount, 

unl int rest is char1red at the rate of ix (6) p r nt per annum. 

EC. 6. Givino- of Prize , Premium or Gift : Givin or fl'erinoto o-ive prize , premium or gift in onne ti n with the al of pro 1-

urL f th Indu try or as an inducern nt th reto by an h me 

whi h inv Iv s Iott ry, mi r pr ntation 1 or frau l. 

EC. 7. Defamation: Defaming ompetltors by fal. l 1 imputing to 

them di. honorable conduct inability to perform ntra t qu tionabl r <lit .-tandino-, or by oth r fal e repre ntati n. or by the f.al. e 

di paragem n f the wa 1 r quality of th ir g o L. 

,c. . Threat of Litio-ati n: Publi hing r ir. ulatin<Y thr at 

of uits for infrino- m nt f pa nt · or trad mark or of an oth r 

1 gal pr din s not in go l faith with th n 1 ncy or ffe t of 

bar.a. ing competitor r intimi ating their u tom r . 
366 

SEc. 9. Espionage of Competitors: 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. 

SEc. 10. Selling or offering to sell at variance from filed price 

lists: Selling or offering to sell a.t prices different from prices filed 

with the Code Authority as hereinafter provided in Section 11, 

Article VII. 

SEc. 11. Publication of Prices: Failing to file with the Code 

Authority within ten (10) days after the effective date of this Code 

a complete schedule of prices and terms of sale, with sufficient copies 

for all members of the Industry. The schedule of prices filed by a 

member of the Industry shall not be changed except by filing, as 

above provided, a new complete schedule of prices and terms of sale, 

which shall become effective five (5) days after the date on which 

such new price schedule shall have been so filed. During the above 

five ( 5) day period, any competitor shall have the privilege of filing 

with the Code Authority, as above provided, new prices to become 

effective on the same date. The Code Authority shall cause a copy 

of all price lists filed to be promptly sent to all members of the 

Industry. For a period of ten (10) days beginning with the date on 

which the new prices become effective, the member of the Industry 

may accept orders upon quotations which were outstanding at the 

time of filing such prices. 

SEc. 12. Selling Below Cost: Selling or offering to sell products 

of the Industry below individual's cost, except 

(a) To meet competition of another member's lower cost, provided such competition is not instigated directly or indirectly by the 

member desiring to meet such competition, and 

(b) To meet competition in violation of this rule concerning which 

he has m.ade complaint to the Code Authority or any authorized 

agency thereof, but only pending action thereon. 

Cost for the purpose of this Section 12 shall be determined by a 

method of cost accounting subject to the approval of the Administrator to be adopted by the Code Authority within sixty (60) days 

after the effective date of this Code and to ·be used by all members 

of the Industry in determining cost. 

SECTION 13. Guarantees against price changes: Making or giving, 

or offering to make or give guarantees or protection in any form 

against changes in prices beyond a period of fifteen (15) days. 

ARTICLE VIII-MooIFICATION 

SECTION 1. This Code and all the provisions thereof are expressly 

made subject to the right of the President, in accordance with the 

provisions of Section 10 (b) of the Act, from time to time to cancel 

or modify any order, approval, license, rule, or regulation issued 

under Title I of said Act and specifically, but without limitation, 

to the right of the President to cancel or modify his approval of 

this Code or any conditions imposed by him upon his approval 

thereof. 

SEc. 2. This Code, except as to provisions required by the Act, 

may be 1nodified or supplemented on the basis of experience or 
367 

chan<Yes in cir um tance u h modifi ati n to ba c1 u n appli-

<'ation by th de uthority t the dmjni:trator ,Yith ·u ·h noti e 

of hearino· a h hall s1 e ify and to b com if div on appr val 

b the Pr . i l nt. 

ARTI LE IX-1\I NOPOLIE ' ET . 

To provi ion of this o l hall be o a} pli cl a to permit monopolie or monop listic pra ti ·e or to eliminate oppre ~ r di riminat again t small enteq ri e . 

ARTICLE X-PRICE I :rcREA E 

1\ hereas the policy of the Act to increa real purchasing power 

will be made impossible of con ummation if prices of goods and 

ervice increa e a rapidly as wage it i recognized that price increases hould be delayed and that, when made, the same should, so 

far as reasonably po sible, be limited to actual increa es in the 

sellers' costs. 

ARTICLE Xl-EFFECTI"\'E DATE 

This Code shall become effective on the fifth day after its approval 

b the Pre ident and shall be binding upon every member of the 

Industry. 

Approv cl Code No. 222. 

Regi trr No. 1333-11. 

0 
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