The men who lumber the hardwood forests of the Appalachian hillsides and the Mississippi Valley have a code which, as codes go, is a good one. The mill owners lived happily under it for nearly a year. Among other things it provides for production control, cost protection, hard & fast minimum prices. And for an industry which has no less than 5,800 members in its trade association and code authority, the Hardwood Manufacturers' Institute, there was surprisingly little chiseling.
But chiseling there was, particularly on prices, and enough to...
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