Price Regulation of Steel, Vol. 1
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Produktbeschreibung
Excerpt from Price Regulation of Steel, Vol. 1: Hearing Before the Committee on Interstate Commerce, United States Senate, Sixty-Fifth Congress, First Session, on S. 2756 The committee met pursuant to call, at 10 o´clock a. m., at room 326, Senate Office Building, Senator Francis G. Newlands presiding. Present: Senators Newlands (chairman), Pomerene, and Cummings. Also present: Hon. Joseph E. Davies and Hon. Victor Murdock, Commissioners of the Federal Trade Commission; Dr. Francis Walker, of the Federal Trade Commission; and Arthur W. Fairchild, attorney at law, of Milwaukee, Wis. The committee proceeded to consider the bill (S. 2756)to provide further for the national security and defense by regulating the production, sale, and distribution of iron ore, iron, steel, and their products, as follows: Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. That by reason of the existence of a state of war it is essential to the national security and defense for the successful prosecution of the war and for the support and maintenance of the Army and Navy to assure an adequate supply and equitable distribution at reasonable prices and to facilitate the movement of iron, iron ore, steel, and their products, and because thereof the President of the United States shall be, and he is hereby, authorized and empowered, whenever and wherever in his judgement necessary for the efficient prosecution of the war and for the purposes aforesaid, to fix the price of iron ore, iron, steel, and their products wherever and whenever sold, either by producer or dealer, to establish rules for the regulation of and to regulate the method of production, sale, shipment, distribution, apportionment, or storage thereof among dealers and consumers, domestic or foreign. Said authority and power may be exercised by him in each case through the agency of the Federal Trade Commission during the war or for such part of said time as in his judgment may be necessary. Then if, in the opinion of the President, any such producer or dealer fails or neglects to conform to such prices or regulations, or to conduct his business efficiently under the regulations and control of the President as aforesaid, or conducts it in a manner prejudicial to the public interest, then the President is hereby authorized and empowered in every such case to requisition and take over the plant, business, and all appurtenances thereof belonging to such producer or dealer as a going concern, and to operate or cause the same to be operated in such manner and through such agency as he may direct during the period of the war, or for such part of said time as in his judgment may be necessary. That any producer or dealer whose plant, business, and appurtenances shall have been requisitioned or taken over by the President shall be paid a just compensation for the use thereof during the period that the same may be requisitioned or taken over as aforesaid, which compensation the President shall fix or cause to be fixed by the Federal Trade Commission. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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