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However, when Roosevelt made this short speech and ended up with this little insert, you could almost see people looking at each other, with a sort of blank consternation coming over their faces as the last part came out. The applause was fluttery. The NRA workers who were there applauded as heavily as they could, so there was some heavy applause from one part of the room, but the rest of it was sort of a surprised, polite little flopping of hands. There was no enthusiasm, just complete consternation - “What in the world is this?” Then we adjourned for lunch. They came back in the afternoon and that was the beginning of the end of the NRA.

Ralph Flanders, who's now a Senator of the United States, and who was then the President of a machine tool company in Vermont, was there. It was a very remarkable precision tool company. It was the best rounded manufacturing operation that I think I ever saw - they did a beautiful job. Ralph Flanders is an economist by training, as well as a tool manufacturer, and perfectly capable of thinking in economic terms. He was a member of a code authority in the machine tool industry, and a very leading member. He was a man I brought down to Washington. He was a member of the Employers' Advisory Committee. I brought him down because I knew him and had worked with him on committees