Word: rfc
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Dates: during 1940-1949
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...private housing program ever stirred up such a furor in Washington as Lustron Corp.'s plan to build 150 enameled steel houses a day-if the Government would put up the money. After some squabbling, RFC obliged. Last week, Arkansas' Senator J. William Fulbright, whose Banking & Currency Sub-committee was digging into RFC's affairs, popped an interesting question: Did people want to live in steel houses? "I have only seen one of them," said Fulbright, "but it sort of reminds you of a bathtub...
...quite a bathtub, replied RFC Director Harvey J. Gunderson. The first blue and yellow Lustron houses were "a little like hotdog stands." But the newer grey and green houses, he thought, were a great improvement...
More Mustard, Please. No matter what they looked like, one thing was clear. Lustron, as Gunderson's testimony revealed, was simply RFC under another name. When Lustron's persuasive President Carl G. Strandlund (who lives at Columbus, Ohio, in a frame house, with an adjoining Lustron guesthouse) proposed his program three years ago, RFC turned it down. Wilson Wyatt, then Federal Housing administrator, quit in protest. Presidential Assistant John Steelman stepped in and asked RFC to reconsider. RFC did so; it set Lustron on its feet with a $15.5 million loan (Strandlund & associates raised $840,000). Within...
Bigger Business. While Truman publicly deplored bigness, Wilson continued, he went right on heading plenty of "big businesses"; an insurance system (Social Security), a bank (RFC) and a shipping system (Maritime Commission). "Apparently," purred Wilson, "he wants to make all of these bigger...
There was not yet enough for that. Last year, the nine Government-owned, industry-run synthetic plants turned out only enough cold rubber for U.S. tiremakers to make three cold-rubber tires out of every 100 they sold (customers who got them did not know it). RFC, which has charge of the plants, expects to spend $5,000,000 a year to convert the entire capacity of synthetic plants to cold rubber...