To find that a just, reasonable, and fair profit is the normal average profit which persons engaged in the same business and place obtained prior to July 1, 1914, under free competitive conditions; to indicate if he shall see fit to do so, what margin over cost will return such a just, reasonable, and fair profit, and to take such legal steps as are authorized by said act to prohibit the taking of any greater profit.
Executive Order 2765—Determination of a Just, Fair, and Reasonable Profit Under Section 5 of the Food Control Act
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I am not convinced that the method proposed is wise, that the benefits, if any, would offset the evils which would result, or that the same or larger advantages cannot be secured without resort to Government intervention.
In recommending to you that Congress take appropriate action with regard to this agreement, certain facts should be brought to your attention.
an extraordinary occasion requires the Senate of the United States to convene at the Capitol, in the District of Columbia, on the fourth day of March next, at twelve o'clock noon
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