THE N.R.A. CODE.

Waikato Times, Volume 115, Issue 19159, 20 January 1934, Page 7

THE N.R.A. CODE.

ATTACKED IN AMERICA. REPEAL OF ACT PREDICTED. ERRORS TO BE RECTIFIED. United Press Assn. —Elec. Tel. Copyright. WASHINGTON, Jan. 18. Attacks on the N.R.A. codes were made in the Senate to-day by Messrs. W. E. Borah (Idaho) and G. P. Nye (North Dakoto), both Republicans. They said the codes were detrimental to small businesses. Mr. Nye alleged that consumer* were mulcted by the price-raising and price-fixing provisions. Mr. Borah predicted that the Gov ernment’s recovery efforts would be nullified unless the anti-trust laws were enforced. In New York General Hugh Johnson, chief administrator of the N.R.A. delivered a speech in defence of it He challenged' its critics and hinted at the alternative of a revolution if the scuttlers of the recovery programme were successful. General Johnson predicted a movement in Congress to repeal the Recovery Act. He said: “It will not be a forthright, open motion for repeal, but a flank attack by those who would return to the old order.” Tho Administration was ready to meet the onslaught of its critics, said General Johnson. He challenged them to produce a positive counter-pro-gramme. Admitting that some mistakes had been made in tho writing of the codes owing to haste, General Johnson promised that these errors would be rectilled. LATER, PRESIDENT URGES HASTE. WANTS ENACTMENT BY TUESDAY. SENATOR GLASS’ CRITICISM. United Press assn. —Elec. Tei. ropyrlght. (Received Jan. 20, 11-55 a.m.) WASHINGTON, Jan. 19. The wild fluctuation in exchange rates on the New York and European markets, plus the Government’s necessity to push heavy re-flnancing operations, caused Mr Roosevelt to urge Congress to hurry action on the Monetary Bill. . He said its enactment by Tuesday was Imperative. The House will vote to-morrow, but the Senate is inclined to more deliberation.

Senator Carter Glass (Demoorat) renewed his attack, apparently not satisfied with the minor revisions made.

He said the opinion of the AttorneyGeneral, Mr H. S. Cummings, on the constitutional position is not complete. He declared that the Supreme Court decision had affirmed Congress’ right to acquire private property, but vested the appraisal value thereof in the Courts. Senator Glass termed the new certificates exchangeable for Federal reserve gold “ worthless,” the Government offering paper “ repudiated in advance.”