Word: rfc
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Married. Cassius M. Clay, counsel for RFC's rail division; and Miriam Blossom Berle, 37, teacher, sister of New York City Chamberlain and onetime Brain Truster Adolf Augustus Berle Jr. (TIME, March 12, 1934); in Boscawen...
...seven buildings (with two old bath houses and a new hotel) constitute Saratoga Spa. They cost the State of New York $6,000,000 plus a $3,200,000 loan from RFC. Saratoga Spa is the only establishment of its kind in the Western Hemisphere.* In equipment and luxury it surpasses the German Spas whose regimens of catharsis and bathing it imitates. With only two bathhouses operating last year Saratoga Spa gave 101,449 treatments at $1.25 to $1.75 a bath, $1.50 to $2.00 a colonic irrigation, 1? a tumbler of mineral water. With the whole establishment running, Saratogans expect...
...RFC, reporting for the Federal fiscal year just closed, showed net earnings of $41,200,000 as against $21,700,000 in the previous fiscal period. As all the world knows, RFC is a $4,000,000,000 banking institution, deriving its revenues (as opposed to capital funds) from interest on loans. Chairman Jesse Jones, who does not have to worry about dividends for his lone stockholder, the Treasury, noted with pride that his RFC now has an earned surplus...
...Public Utilities Securities and Floyd Odium of Atlas Corp. stepped in. Alert Investment Truster Odium had bought Utilities Power & Light debentures at bargain prices, watched them double in value. Since no holder of utility securities wants to have the Government as a partner, Mr. Odium was glad to ease RFC out last week by trading some of his Utilities Power & Light debentures for the securities held by Jesse Jones, thus giving Atlas Corp. working control of the system. Mr. Jones was also pleased because Utilities Power & Light bonds are at present paying interest, whereas his holdings were in default. Last...
...Became abruptly interested in President Roosevelt when Conservative Thomas Levy demanded that His Majesty's Government act to protect "from the partial control of a foreign government" such British public utilities as are controlled by U. S. holding companies now controlled in turn by RFC...