Summary

Portrait of Felix Frankfurter Felix Frankfurter United States v. Morgan (313 U.S. 409…

We are in the legislative realm of fixing rates. This is a task of striking a balance and reaching a judgment on factors beset with doubts and difficulties, uncertainty and speculation. On ultimate analysis the real question is whether the Secretary or a court should make an appraisal of elements having delusive certainty. Congress has put the responsibility on the Secretary and the Constitution does not deny the assignment.
Source: Wikisource

Portrait of Felix Frankfurter Felix Frankfurter United States v. Morgan (313 U.S. 409…

It is plain that he proposed thus to cure what had been found to be the defect in the order by affording the market agencies an opportunity to file and argue exceptions, in an effort to show any infirmity in the findings and conclusion on which the 1933 order was based. If none was made to appear, he proposed to issue the order nunc pro tunc as of its original date. It is true that after exceptions were filed and upon the hearing before an examiner the agencies were permitted to offer evidence to show changed conditions supervening in the period between 1933 and 1937.
Source: Wikisource

Portrait of Felix Frankfurter Felix Frankfurter United States v. Morgan (313 U.S. 409…

It is not for us to try to penetrate the precise course of the Secretary's reasoning. Our duty is at an end when we find, as we do find, that the Secretary was responsibly conscious of conditions at the market during the years following 1933, that he duly weighed them, and nevertheless concluded that rates similar to those in the 1933 order were proper.
But the market agencies go beyond saying that the record did not warrant what the Secretary found.
Source: Wikisource

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