Word: rfc
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...from the White House gardeners to the Secretary of War knew of the impending battle between the Washington Redskins and the New York Giants for the championship of the Eastern Division of the National (professional) Football League. In fact, Secretary of War Harry Woodring, Postmaster General Jim Farley and RFC Chairman Jesse Jones were among the red-feathered Washington in vaders...
Last week Promoter Kurth's Southland Paper Mills Inc. finally found its money. Of the $5,000,000 needed to build the plant, RFC put up $3,425,000. The rest will be raised by stock sales, Yankees not barred. Southern publishers contributed $429,000 in capital, signed for 250,000 tons of newsprint...
...great Van Sweringen system. To get control of C. & E. I. after ICC had disapproved linking it with the Chesapeake & Ohio, the Vans pulled off a slick deal in which Paine, Webber & Co. acted as dummy purchasers. A subsequent circumventing of legal requirements, whereby the Vans got RFC unwittingly to pay off an inter-company loan, drew an ICC examiner's admission that "we were made monkeys of. . . ." Last week ICC approved a reorganization plan for C. & E. I. that made monkeys of the late Van Sweringens' successors by slashing away nearly three-quarters of their 42.7% voting...
...rarely missed a chance to snipe at the New Deal. Last week was no exception. Warning of a trend toward fascism or national socialism, he sombrely declared in his opening address: "To recapture control in Federal spending is the most vital issue confronting this great democracy. . . ." He then introduced RFC Chairman Jesse Jones as "a conservative" who had been "a tower of strength against Treasury raiders...
...with liberal belligerence: "You did like the first few years of the Roosevelt Administration. Why? Because he saved your banks-those that were alive when he took office. . . . I might tell you that of the 6,119 banks in which we put capital, as far as we in the RFC have been able to figure, less than 20 did not need the capital. Think that over...