Word: rfc
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Biggest question is where to get the money for price-control subsidies. So far Congress has refused to vote any, though it did let Jesse Jones use RFC money for "transportation subsidies" by which the Government pays the extra cost of shipping coal, gas & oil, sugar, by rail...
William Lockhart Clayton, 62, was famed in his own right as the biggest U.S. cotton merchant. Now, working in fellow Texan Jesse Jones's RFC, he is seldom heard of, never quoted, almost never seen outside his office. But through his big, able hands pass all the multi-zeroed dealings of Defense Supplies Corp., which trades vital loans for Latin American raw materials, and other jobs...
...Nelson Rockefeller, Coordinator of Inter-American Affairs, got $10,000,000 from RFC to build 100 wooden sailing vessels for the Latin American trade (TIME, June...
...RFC agreed to pay the extra costs of taking gasoline to the East Coast by rail instead of tanker. This will enable Henderson to cancel a 2½?-a-gallon rise in East Coast prices, batten down his ceiling where it had already sprung a leak...
...insurance. But to Jesse Jones the rates seemed too high. They obviously were too high for large-scale private investment so long as Buna-S cost 25-35? a Ib. and natural rubber, even at war-kited rates, only 20?. In May 1941, the same day that his RFC head. Emil Schram, told Congress "I think we will have to start rationing rubber very soon," Jesse himself said: "Unless we are cut off from the Far East [synthetic rubber] would be a great waste of money...