Approved Code No. 274-Amendment No. 2 Registry No. 1108-1-02 

NATIONAL RECOVERY ADMINISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

SAW AND STEEL PRODUCTS 

MANUFACTURING INDUSTRY 

AS APPROVED ON AUGUST 24, 1934 

WE DO OUR PART 

UNlV. OF F1 LI ,. 

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WASHINGTON: 1934 

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Approved Code No. 274-Amendment No. 2 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

SAW AND STEEL PRODUCTS MANUFACTURING 

INDUSTRY 

As Approved on August 24, 1934 

ORDER 

APPROVING ~10DIFICATION OF CODE OF FAIR COMPETITION FOR THE S AW 

AND STEEL PRODUCTS MANUFACTURING 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 the approval of a modification to a Code of Fair Competition for the Saw and Steel Products Manufacturing Industry, and opportunity to be heard thereon 

having been duly noticed and the annexed report on said modification, containing findings with respect thereto, having been made and 

directed to the President: 

NO'\i'V, THEREFORE, on behalf of the President of the United 

States, I, I-Iugh S. Johnson, Administrator for Industrial Recovery, 

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

1933, and otherwiS€; 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 said 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, such approval and such modification to take effect ten (10) 

days from the date hereof, unless ~ood cause to the contrary is shown 

to the Administrator before that time and the Administrator issues a 

subsequent order to that effect. 

Approval recommended: 

BARTON w. ~1URRAY, 

HUGH s. JOHNSON, 

Admini,straior for Industrial Reoovery. 

Div is ion A dniinistrator. 

WASHI:NGTON, D.C., 

A ugust f 4, 1934. 

82315°-1944-117-34 (1) 
REPORT TO THE PRESIDENT 

The PRESIDENT, 

The White House. 

Srn: This is a report on the Modification of the Code of Fair 

Competition for the Saw and Steel Products lVIanufacturing Industry to incorporate the principles contained in Executive Order of 

April 14, 1934 relating to collection of expenses of Code Administration. This Modification was proposed m accordance with Article 

IX of the Code as approved February 10, 1934, and Notice of 

Opportunity to be Heard was given from July 10 to July 25, 1934. 

FINDINGS 

The Deputy Administrator in his final report to me on said 

ifodification to 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 to said Code and the Code as modified are 

well de igned 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 thereof2 and will provide for 

the general welfare by promoting the organization of industry for 

the purpose of cooperative 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 agricultural 

products through increasing purcha ing power, by reducing and 

relieving unemployment, by improving standards of labor, and by 

otherwise rehabilitating industry. 

(b) The Code 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 i1odification and the Code as modified are not designed 

to and will not permit monopolies or monopolistic practices. 

( d) The :Modification and the Code as modified are not designed 

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

operate to discriminate against them. 

( e) Those engaged in other steps of the economic process have not 

been d prived of the right to be heard prior to approval of said 

1Iodification. 

For these reasons, these modifications have been approved by m ; 

subject, however, to a ten day waiting period a provided in the 

Order of Approval. 

Respectfully, 

AUGUST 24, 1934. 

(2) 

HUGH s. JOHNSON, 

Admini trator. 
MODIFICATION OF CODE OF FAIR COMPETITION FOR 

THE AW AND STEEL PRODUCTS MANUFACTURING 

I DUSTRY 

PURPOSE 

Pur uant to Article IX of the Code of Fair Comp tition for the 

Saw and t 1 Pr du ts 1anufacturing Indu try, duly approv cl 

by the Admini trator on F ebruary 10, 1934, and furth rt eff ctuata 

th p licies of Title I of the National Indu trial R overy A t, the 

:foll wing modifi ation is establi hed as a part of aid Code of Fair 

Comp tition and shall b binding upon every member f the aw and 

Steel Pro lu t Manufacturing Industry. 

NiomFICATION 

D 1 t e Section 6 of Article VIII, and substitute in lieu ther o:f 

the followin er : 

SECTION 6 (1). It being found necessary in order to upport the 

admini tration of this co le an l to maintain the standards of fair 

competition c:tabli hed hereunder and to effectuate the policy of the 

A ct, th Code Authority is authorized: 

(a) To incur such rea onable obligation~ as ar 0 nece sary anJ. 

proper for the foregoing purposes, and to meet such obligations ont 

of funds which may be rai eel a hereinafter provided and which 

hall be hel l in tru t for the purpo es of the Code · (b) To submit to the A lmini trator for hi approval, ubj ct to 

such notice and 01 portunity to b heard as he may deem nece sary 

(1) an itemized budget of its estimated expenses for the for goin~ 

purpo .. e and (2) an equitabl basis upon ·w·hich the fund neces ary 

t . npport uch bud o· t shall be contribut d by members of the 

inclu. try: 

( ) fter such budo-et and basis of contribution haYe been approved by the \..dmini trator, to determine and obtain equi.table 

contribu'-ion a aboY" et forth by all members of th in lu try an l 

to tha end, if neces~ary to in titute legal proceedincr~ therefor in 

its own name. 

(2) Each member of the industry hall pay hi or it eqnital le 

contribu6on to the expen e of the mainten nee of the Code Authority, c etermin c1 as hereinabove proYided, an 1 ubj t t o rul s an 1 

r o-ulation pertaining thereto i n cl by th clmini. trator. Only 

m m r of the indu try complying with th code an l contribntin:-, 

t o the c:s:pen. es of its a lministration a her inabove pr vi led, unl s 

duly xcmpt 1 fr m makina u h contri1 11tion , hall b enti -le<l t 

parti ipate in the ele tion f member of h Col \.nthority !.' t 

r ec iY the l enefits of any of it Yolu tary a tiYitie or o mak u 

of any emhl m or insignia of th .,.. u iona l Rccov i' lmini trati n. 

( )' 1 he 1 utf1orit. shall neither incur nor I ay any obliga- ti n . ub tantiallv in exccc:s of th am unt thereof a timatecl in 

its apr roved bu l::,·et and hall in n eYent xce d the total am unt 

(3) 
4 

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. 274-Amendment No. 2. 

Registry No. 1108-1-02. 

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UNIVERSITY OF FLORIDA 

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