Word: rfc
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...days before Mr. Jones had reported satisfactory RFC accomplishments: Authorized were 20,316 loans to 10,589 borrowers for a total...
...Chairman Jones listened in the House Press Gallery, he heard fellow Democrats on the floor denounce the RFC as a tool of the bankers, heard Republicans champion it as the salvation of the country. No G.O.Partisan forgot for a moment that it was President Herbert Hoover who had the RFC created in January 1932, and who, by proclamation, continued it for a second year. When Franklin Roosevelt became President, he scorned this Old Deal agency for many a month, allowed it to lapse almost out of sight. When he finally got around to coordinating it into his recovery program...
Last year Maryland Casualty Co. of Baltimore borrowed $17,500,000 from the RFC, RFChairman Jesse Jones promptly installed two government executives as vice presidents to represent RFC's interest. Last week Maryland Casualty, presumably at Jesse Jones's behest, announced the election of ten new directors, nearly all of them nationally known. Among the ten were Maryland's onetime Governor Albert Cabell Ritchie; onetime FDI Chairman Walter Joseph Cummingst now chairman of Chicago's Continental Illinois National Bank & Trust Co.; President Ellery W, Mann of Zonite Products Corp.; Vice Chairman Samuel Clay Williams...
...bonds issued by Iron Mountain Railroad (now part of Missouri Pacific) similarly demanded payment amounting to $1,690 in devalued currency for each $1,000 gold bond. As trustee it had to try to collect or be liable to the beneficiary of the trust. The railroad and the RFC (which wants to reorganize the railroad) both fought the case in lower courts...
...definitely less than lawyerlike. Rather than risk his case in the uncertain hands of his Solicitor General, Attorney General Cummings put on his cutaway, striped trousers and derby and marched to the bar in person. Flanking him at this Thermopylae were competent but uninspired Stanley Reed, general counsel for RFC, and uninspired Angus D. Maclean, Assistant Solicitor General...