Word: rfc
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...Lending Agency would consolidate ten independents: RFC, Disaster Loan Corp, RFC Mortgage Co., Federal National Mortgage Association, Electric Home & Farm Authority, Federal Home Loan Bank Board, Home Owners' Loan Corp., Federal Savings & Loan Insurance Corp., Federal Housing Administration, Export-Import Bank of Washington...
Objections to Reorganization Plan No. I were notably few last week. One of the most serious was removed when a report was proved false that RFC and other lending spigots would be hooked up to the Department of Commerce. Jesse Jones as a, subordinate of Harry Hopkins was such a bad dream that, when it passed away, no one worried further about who would become chief Federal loan officer: probably he would still be that big Texan, Jesse Jones...
...outbreak of war the British Government would take over all the U. S. securities held by its nationals, use them as it saw fit. The Philadelphian discussed with Sir Horace the advantage of having them taken over at a "fair price" by some such U. S. agency as RFC, left the matter there...
California's Senate passed and sent to the friendly Assembly a bill authorizing a California Agricultural Exchange, with aid from U. S. credit agencies (RFC, FHA, REA, etc.) to establish "balanced communities" for California reliefers. The Exchange would function as a cooperative, growing crops on common land, processing it in communal factories, selling the produce to its members and in the market. The State's investment would be around $300 for every reliefer shifted from public rolls to cooperative balance...
...York's Attorney General retaliated for the Port Authority levy by trying to collect State income tax upon the Federal salary of an attorney for HOLC (TIME, Nov. 28). Utah's Attorney General tried to collect on the salary of an RFC attorney. In each case, the State's high court ruled against its Attorney General. No one was surprised, for 120 years ago, in a somewhat similar case, McCulloch v. Maryland, U. S. Chief Justice Marshall ruled against Maryland saying: "The power to tax involves the power to destroy." This week the U. S. Supreme Court...