BLOWS TO N.R.A.
Decision of Supreme Court PETROLEUM CONTROL System Declared to be Unconstitutional STATE ACT REVOKED By Telegraph.—Press Assn. —Copyright. (Received January S, 7.45 p.m.) Washington, January 7. In Ihe first decision questioning the validity of President Roosevelt’s New Deal the Supreme Court, by eight votes to one, declared the petroleum control feature of the National Recovery Act unconstitutional. It was made clear, however, that no other of the ihultiple features of the N.R.A. arc affected. Under the authority Congress granted him in the Recovery Act the President decreed that petroleum, in commercial interests, should come under the direct control of the Federal Government and, through various methods, his administrators curtailed production to the extent that the crude product increased in price from 10 to 15 cents a barrel to one dollar.
According to reports from midcontinental producing areas, a severe drop in prices is expected immediately.
The N.R.A. received another blow to-day when the Governor of New Jersey revoked tlie State Recovery Act, designed to supplement and strengthen the national law. He said that code privileges .were being abused and would henceforth be inoperative.
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Dominion, Volume 28, Issue 89, 9 January 1935, Page 9
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186BLOWS TO N.R.A. Dominion, Volume 28, Issue 89, 9 January 1935, Page 9
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