Approved Code No. 381-Amendment No. 2. Registry No. 917-10 

NATIONAL RECOVERY ADMINISTRATION 

AMENDMENT TO 

CODE OF FAIR COMPETITION 

FOR THE 

FUR DEALING TRADE 

AS APPROVED ON OCTOBER 2, 1934 

WE DO OUR PART 

UNIV. OF· FL US. 

P. 

~ ... __ ..,, 

OS,TORY 

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WASHINGTON: 1934 

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Approved Code No. 381-Amendment No. 2 

AMENDMENT TO CODE OF FAIR COMPETITION 

FOR THE 

FUR DEALING TRADE 

As Approved on October 2, 1934 

ORDER 

APPROYI TG MomFICATION OF THE CooE OF FAIR Co !PETITION FOR 

THE FUR DEALING TRADE 

An application having been duly made pur uant to and in full 

compliance with the provisions of Title I of the National Industrial 

Recovery Act, approved June 16 1933, for approval of modification 

to the Code of Fair Competition for the Fur Dealing Trade, and 

opportunity to be heard having been afforded all members of said 

Industry, and the annexed report on aid modification, containing 

findings with respect thereto, having been made and directed to the 

Pre ident: 

,vHEREAS, the Code of Fair Competition for the Fur Dealing 

Trade, as approved on April 4, 193-:l:, contained in Section 1 of Article 

II of said Code the following definition of the Trade: 

"The term 'trade' as used herein shall mean the business of dealing in fur skins in the raw, dressed, or dre secl and dyed s_tate by any 

person, fir.111 or corporation on his or its own account. It does not 

jnclu le dealing in such fur skins as brokers only or as auctioneers 

only." 

and ·w,-HEREAS, application ha been made for approval of certain 

amendments to the above mentioned Code, including an amendment 

deleting the last sentence of Section 1 of Article II of said Code, 

and a public hearing has been duly held thereon, and, 

\VHEREA , the fur brokers and auctioneers who deal mainly for 

the account of others number approximately 50, and the fur dealers 

who deal mainly for their own account number approximately 1,750, 

and 

"\VHEREAS, all members of the Trade, including fur auctioneers 

and brokers, are engaged in the business of buying and selling fur 

kins; that they purchase from the same sources of supply and sell 

to the same customers in direct competition with each other, 

NOW, THEREFORE, we find that fur brokers an l auctioneers 

are engaged in the same bu ·iness as the members of the Fur Dealing Trade who deal in furs mainly on their own account, and, there88070-12,14-3_34 (1) 
2 

fore, constitute the same trade or industry within the meaning and 

intent of Section 3-A of Title I of the National Industrial Recovery 

Act, and that the trade a sociations which made application for 

the Code of Fair Competition for the Fur Dealing Trade are truly 

r epresentati \'C of the Trade as 1efined in the first sentence of Section 

1 of Article II o E ... aid Code, and that in order to promote the policy 

and purposes of Title I of said Act the fur brokers and auctioneers 

should be . ubj ct to the provisions of the Code of Fair Competition 

for said trade, and 

"\YHEREAS, an application ha...-ing been duly made pursuant to 

and in full com1 liance with the proYisions of Title I of the National 

Inclu trial Rcco-very Act, appro-ved June 16, 1933, for approval of 

amendments to the Code of Fair Competition for the Fur Dealing 

Trade, and heuring. having been duly held thereon, and annexed 

report on sail nmendments containing findings with respect thereto 

ha-ving been made and directed to the President, 

xo,v, THEREFORE, on behalf of the President of the United 

Stntes, The N ationnl Industrial Recovery Board, pursuant to authority Yestecl in it by ExecutiYe Orders of the President, including 

ExecutiYc Order No. G5-!3-A, dated December 30, 1933, and other- "\Yi. e; (1oes hereby incorporate, by reference, said annexed report 

and doe find that said amendments and the Code as constituted 

after being amended comply in all respects with the pertinent provisions and will pron1ote the policy and purposes of said Title of 

said Act, and does hereby order that said amendments be and they 

are hereby approved, and that the previous approval of said Code 

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

as amended. 

Thi · order shall not become effective for a period of ten (10) days 

from the date hereof during which period consideration will be given 

to the objections, if any, of interested parties. At the end of such 

perioc1 this order shall become fully effective unless we by our 

further order otherwise direct. 

THE NATION AL INDUSTRIAL RECOVERY BOARD. 

By G. A. L YNCH, 

Administrative Officer. 

Approval recommended : 

PRENTISS L. COONLEY' 

Acting Divi<-r;:ion Adniini,Strator. 

\V ASHINGTON, D. c., 

October f, 1934. 
/ 

REPORT TO THE PRESIDENT 

The PRESIDENT, 

The White House. 

Srn: This is a report on the modifications to the Code of Fair Competition for the Fur Dealing Trade, on which public hearing was 

held August 10, 1934. 

These modifications will clarify the definition of members of the 

Trade and will give representation on the Code Authority Board 

to those members who are not now represented. 

The Deputy Adn1inistrator in his final report to u on ·aid modifications of said code having found as herein set forth and on the basis 

of all the proceedings in this matter: 

We find that : 

(a) The modifications of said code and the code as modified 

are well designed to promote the policies and purpo es 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 ""·ill provide for the 

general welfare by promoting the organization of trade for the purpose of cooperative action of labor and management under adequate 

governmental sanction and upervision, by eliminating unfair competitive practices, by promoting the fullest possible utilization of the 

present productiYe capacity of indu trie ·, by avoiding undue restriction of production ( except a may be temporarily required), by 

increasing the con mnption of indu trial and agricultural product 

through increa ing purchasing power, by reducing and relieYing unemployment, by improYing standards of labor, and by othenYisc rehabilitating industry. 

(b) The code a modified complies in all re ·pcct. with the pertinent provi ions of . aid Title of said Act, including without limitation sub-section (a) of ection 3, ub-section (a) of Section 7 and 

·uh-section (b) of ection 10 thereof. 

( c) The modifications and the code as moc1ifiec1 arc not de ·ignecl 

to. and will not permit 1nonopolieN or monopoli tic practice . 

( d) The modifications and the code as modified are not designed 

to ancl will not eliminate or oppres. small ent l'pri~e .and will not 

operate to discriminate against them. 

( e) Those engaged in other step of the economic proce s have 

not been deprived of the right to be heard prior to appro, al of said 

modifications. 

For these reasons these modifications haYe be n approved. 

Respectfully, 

THE N .A.TION AL INDUSTRIAL RECOYERY BOARD. 

By G. A. LYNCH. Adniin isfrative Officer. 

OCTOBER 2 193-!. 

(3) 
MODIFICATIO TO CODE OF FAIR CO1\1PETITIO~ FOR 

TH E F R DEALI NG TRADE 

1. Section 1, Article II shall be modified to read as f ollow : 

' SECTION 1. The term 'trade as u eel herein sh all mean the business of dealing in fur skins in the raw, dressed, or dres ed and dyed 

,-tate by an3 person, firm or corporation on his or its own account 

er for the account of others." 

2. The fir t entence of Section 3, of Article VI , shall be modified 

to read a. follows : 

' There ~hall b 0 duly appointed to the Code Authority Board 

twel Ye member · thereof as follows : 

3. Section 2 of Article VI, shall be modified to reacl as follow : 

"The Fur Dealing Trade hall be clas...;ified into the :following 

di-vision : 

' The General Divi ion. 

' The Rabbit Dealing Divi ion. 

"The Broker and Auction Hou e Division. 

' and ubject to the approval of the Administrator, additional cliYi ions may be organized or existing division con olidated upon 

recomn1en lation of the planning committee of all divisions, and the 

Code Authority Board." 

4. An additionn,l entence shall be added to Section 3, of Article , I a follo"s : 

Three members shall be duly appointed by those 1nembers of 

the Trade whose bu iness to the extent of 90% consi ts of dealing 

in fur kin : for the account of others and/ or the sale of fur kins at 

public a net· on.: 

5. A new. ub8ection to be knO"\Yn as ubsection (a) of Section 6, of 

Article VI as follows: 

· o reorganization of the Code Authority Board of reclass1fication of di, i. ions in the trade or modification of the provision contained in the code for rules and reg11lations of the Code Authority 

Board a a:ffe t only one division of the trade shall be recommended 

to the Administrator by the Code Authority Board over the dis ent 

of the Divisional Planning Committee of the affected division / 

ApproYed Code No. 3 1-Arnendment Ko. 2. Registry No. 917-10. 

(4) 

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