-92-


 a. Stop Loss Provision

 No provision.

 7. Terms of Payment

 Section 11 of Article VIII -rc-..ide3 for cash discounts not in
 excess of 3/10 E.O.M. and anticipation at the rate of six percent
 (61) per annum.

 77Then it became know-n to the outside world that the industry had
 such a provision in the new code, the war was on, and never ceased to
 rage, du ing the months orece:in-^ and succeeding the public hearing
 of December 8, 19.33. After anmro-:1i, the fight was reopened by the
 National Retail Dry Goods Asscciatlo.ds representatives Mr. Fox at every
 opportunity, but industry stuck to its guiis and found no great difficulty
 in getting and holding the retailers observance. Naturally the first
 few weeks after aonroval were difficult and all sorts of ways were
 devised to ciange the intent buat without ar;r great success, and as the
 months went by the new terms vere -n AceTeidd commonplace. Pages 24,
 33, 34, 40 of this history, tell the story of the controversy and
 Exhibit G, pp, 226 par, 1, also pp.. 226 par. 2, and Exhibit H state
 the history and argument supporting the industry's position.

 8. Co-,oerattives

 No provision for such.

G. TRADE PRACTICES

 1. Class A Trade Practices

 Trade Practices of this Industry were embodied in Article VII of
the Code, as originally aopr'.-ved, and a new Section 16 was approved
under Adinistrative Order 332-24, May 25, 1935, which of course never
became effective.

 The Section 16 proposal was as follows:

 "No member shall repair any used bag unless a minimum charge
 of 25,' -er bag is 'Y.de to cover the cost of materials and the
 labor on such repair. l1o member of the industry shall pay
 for any of the forwarding charges on such repair."

 Section 1 of this Article read:

 "No member of the industry shall publish advertising (whether
 printed, radio, display or of any other nature), which is"mis-
 lepding or inaccurate in any material particular, nor shall
 any member, in any way misrepresent any goods, (including but
 without limitation its use, trade-mark, grade, quality, quantity,
 origin, size, substance, cLaract4r, nature, finish, material con-
 tent or pre-aration) or credit terms, values, policies, services,
 or the nature or form of the business conducted."
9811