Last fortnight, after eight months of unsuccessful wrangling with AAA and NRA officials, the flour millers became the first industry to walk out cold on General Johnson. Their departure raised the question: Should the Administration crack down with its biggest club—power to license industries if they want to do business at all. That posed another bigger question. NRA was given two years of life by the Recovery Act but the licensing club was given to the President for only one year, ending June 16, 1934. If the President wants to use the club...
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