RECOVERY: Emasculated Eagle

Last week President Roosevelt summoned Senate leaders to the White House, chided them hot-temperedly on the Senate’s delay, reiterated his demand for a two-year extension of NRA. But he also declared, surprisingly, that he “could not” veto a ten month extension as proposed by Missouri’s Bennett Champ Clark. The Senators marched back to the Capitol, where next day five of them joined other Finance Committee members in approving by 16-to-4 a redraft of the Clark resolution. In effect it offered an emasculated Blue Eagle less than ten months to flutter to its grave. The resolution would extend NRA to April 1, 1936, grant a 30-day period after the present June 16 expiration date for revision of existing codes to its specifications. The death-dealing specifications: 1) No price fixing, except in mineral resource industries.

2) No regulation of intrastate business.

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