Word: rfc
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...White House where supper was spread for them. Over the coffee cups Host Roosevelt broached the subject of new monies for relief when present funds are exhausted (about Feb. 10). He intimated that it ought to be quite simple to transfer, $880,000,000 of unexpended funds from the RFC and other departments, enough to tide the Relief Administration over until a $4,000,000,000 work relief program could be started. He also dropped a word or two about submission of a social security program, gradually accustoming the colt to handling without frightening...
Engaged. William Brown Dern, 27 RFC employe, second son of the Secretary of War; and Helen M. McCollam, 25 secretary to an RFC section chief, daughter of an unemployed Washington bricklayer; in Washington...
...home in transmission lines and equipment, while each farmer was to put $200 into lamps, irons, washing machines, water pumps. How were the farmers to raise the money? Why, said Mr. Couch, let each farmer's wife add 20 good hens to her flock. The onetime RFC director had been studying hens. Eggs from five good hens, said he, would pay for the lighting. Two hens could lay enough to cover the cost of running the iron; another two could pay for the washing; three for the water pumping. Eggs from the rest would easily cover interest and amortization...
...Federal Government took over a private U. S. railroad. More significant, it was the Government's first direct move to exercise its power as the railroads' biggest banker. Holding most of the stock of Denver & Salt Lake ("Moffat Line''), as collateral against RFC loans, RFChairman Jesse Jones ousted the old road's management, put in as president, Judge Wilson McCarthy of Salt Lake City, a onetime RFC director. Adolf Augustus Berle Jr., the RFC's railroad counsel who is now chamberlain of the City of New York, was made a Denver & Salt Lake director...
...Grande broke ground for the Dotsero Cutoff, it bought control of the Moffat Line. But the Interstate Commerce Commission required the Denver & Rio Grande to buy any or all minority stock offered for the same fat price paid for control. For these various undertakings Denver & Rio Grande needed RFC assistance, and in a deal which the New York Herald Tribune rated as "one of the most complicated and most involved in railroad history," Mr. Jones ended up with practically all of the Moffat stock in his bulging portfolio of collateral. To "keep in touch with the situation" Mr. Jones...