The Rise And Decline Of The Ol^mpia Oyster 



velopment far beyond their earnings, and many of them, 

 including myself, had been borrowing heavily to con- 

 tinue their improvement vsrork. Each individual had his 

 problems. He could eat his own oysters, but he could not 

 eat them all. He must sell some of them to survive. But 

 without customers — what? Everyone was desperate to 

 find a way out. 



The Federal Government was desperately trying to 

 find ways and means to recovery. Congress had passed 

 what was called the National Recovery Act. This provid- 

 ed for a National Recovery Administration, whose 

 purpose it was, among other things, to set up reasonable 

 prices for all commodities, industry wide, and adopt rules 

 of fair competition. It was a gigantic effort to give every 

 producer a fair opportunity to keep his product in the 

 market on an equal basis with his competitor. The set up 

 was that each industry should have its own Code, pre- 

 pared with the aid of the Administrator and adopted, 

 first by the industry then approved by the President. 



CODE OF FAIR COMPETITION FOR THE OYSTER 

 INDUSTRY. 



On June 16, 1933, the "National Industrial Recovery 

 Act" had been approved by President Franklin D. Roose- 

 velt. 



BANG WENT THE GAVEL! 

 Date, August 24, 1933 



This meeting of the Trustees of the Olympia Oyster 

 Growers Association, was held on August 24, 1933. Presi- 

 dent G. W. Ingham, J. J. Brenner, E. G. Brenner, O. C. 



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