-169A"


 EXHIBIT "C"

 CODE AUTHORITY

LADIES' H/JATDBAG INDUSTRY

 347 Fifth Avenue
 New York


VOL. II. No. 3 NEWS BULLETIN_ DECEIiER 5, 1934

 MR. RICHBERG'S VIEUS ON, A PERU.iATEIT FT.R.A. PROC-RAH: "In the first
place, I believe that there is a demonstrated soundness in the fixing of
minimum wages and maximum hours for each trade and industry for the
purpose of preventing the worst forms of unfair competition in the
overworking and underpaying of employees. If these reauirements are
fixed by common agreement, if tney are flexible enough, to fit actual
conditions, if they are not the lest word, but left subject to improve-
ment by collective bargaining, they should protect both employers and
employees and advance the public interest. In the same way by common
consent the intolerable evil of child labor should be outlawed from trade
and industry.

 "In the second place, admittedly dishonest business practices should
be prescribed. But in the twilight zone between dishonesty and legitimate
competition, trade and industry should seuk first to establish an
accepted standard of unfairness before before writing mandatory require-
ments in a coiLe. Enforcement must fail where there is no general agree-
ment that a law should be enforced, We most "-it in patience for the
development of a custom that has attained almost the force of law before
we ask to write it into law and to com-ol dissenters to obey it.

 "In the third place, statistical information, accurate and comrre-
hensive, is necessary for economic security in on industri?1 civiliza-
tion. Business should not grope its way ahead in fogs of uncertainty.
It is in the common interest that exact reports of production, prices,
wages, employment, and such fundamental knowledge of economic conditions,
should be available to all '-ho have the desire and intelligence to chart
the course of commerce and finance according to the ever shifting balance
of supply and demand.

 "Finally, to rhat extent should we rely upon and insure the freedom
of agreement among organizations of employers and employee, s to promote
their separate and common economic interests."

 ni *

 The Code Authority must insist that your payroll reports, and label
Disposition records are filled out and returned to us not later than the
'tenth day of each month. If you do your part, the statistics for the
,industry at the end of the fiscPal year vill be invaluable for every
member of the industry.



 LABELS: In order to facilitate the examination of bags for label
9811