Word: rfc
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...about a year Kaiser and Reilly have been interested in making magnesium by a new "carbothermic" process developed by Dr. Fritz Hansgirg, an Austrian scientist now living in California. They bought up the U. S. rights to the patents, started plugging for an RFC loan to start production. For $9,250,000 to get things going, they offered to put up a plant that would produce at the rate of 12,000 to 15,000 tons within a year. Since total U. S. production last year was only 6,500 tons, their proposal sounded fantastic. But they had Kaiser...
...Washington, $1-a-year men set a stiff pace for Government men: William Clayton put in 60 hours, W. Averell Harriman, John Biggers and Bill Knudsen around 80 hours in a six-day week. RFC's lights burned nightly...
Then he went on to add: "All I want is to get the job done. . . . Suppose you simply voted two or three billion dollars and set up some kind of agency, or used the RFC. Who do you suppose is going to administer it? Why, I am, of course. And I think we can do the job more efficiently this...
...Chile's Fomento Corporation (Chilean RFC), $12,000,000 to purchase six Lockheed twin-engine 14-passenger transport planes, and to the Central Bank $5,000,000 for mining equipment, pumps, compressors...
...investment bankers won't handle many of these deals. But since bankers, fire-insurance companies and anyone else who wants to are free to compete for the properties, there need be no fear of criticism for taking advantage of the British on price. Another incentive to fair pricing: RFC can always decide what is a "fair" sales price for these properties, lend the full amount to the British in exchange for mortgages...