Establishment of minimum margins for banks is unfair and unnecessarily restrictive in principle.
It would help me by driving 85 per cent of my competitors out of business, if I could manage to keep out of Atlanta or Leavenworth myself.
While both we and our clients are in entire sympathy with the aims and purposes of the Tugwell Bill, we are all of one mind in our fears about such a sweeping grant of autocratic power being placed in the hands of any bureau or department of government.
You are about to lose a substantial amount of advertising revenue from food, cosmetic and drug manufacturers…You need to bring all the personal pressure you can upon your Senators and Representatives. You need to enlighten and thereby arouse your public against this bill that is calculated to greatly restrict personal rights….We would be only one of the many drug, cosmetic, and food advertisers who will be forced to liquidate in this manner.
If this bill should become law, we will be forced to cancel immediately every line of advertising.
[The bill] will seriously affect employment and morale in the industries indicated. It will put thousands of men and women out of work. It will close dozens of manufacturing plants and hundreds of stores...It will hurt thousands...It will help none...When the ‘Tugwell’ Bill is introduced in Congress, it must be defeated.
Unlimited power entrusted to bureaucrats warps their judgment on the opinions they might have as normal citizens.
The enactment of this legislation will mean a complete readjustment, if indeed the business of manufacturing and selling packaged medicines can be continued at all. This is very doubtful.
The disastrous provisions of this bill could wreck the industry of pharmacy.
The present law removes all responsibility from the purchaser and fosters litigation. It invites nuisance suits and spurious claims.
