Word: rfc
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...Authorize direct Federal Reserve and RFC loans of working capital to industry; already passed by the Senate...
...Wrong is currency manipulation: it destroys credit, does not raise the right prices. Wrong is silver monetization: it will not help anyone but the silver miners. Wrong is economic nationalism: it would take 50,000,000 acres of farm land out of cultivation. Wrong are the Securities Act and RFC bank control: even worse than a banking system run by privateers is a banking system run by politicians. Wrong is the Gold Reserve Act: it weakens the Federal Reserve System, sets up nothing in its place. Wrong is the effort to raise prices to the 1926 level...
...Glass Bill will make it possible for small industries now unable to obtain credit through normal banking channels to get federal dollars without slashing through a mass of red tape. The Federal Reserve Banks are authorized to loan $280,000,000 and the RFC an additional...
...Glass Bill will make it possible for small industries now unable to obtain credit through normal banking channels to get federal dollars without slashing through a mass of red tape. The Federal Reserve Banks are authorized to loan $280,000,000 and the RFC an additional...
...Ways & Means chairman Doughton proved not brilliant but thorough and quite impervious to influence. He reported out the new liquor tax law, the bill for renewing the life of RFC, the reciprocal tariff bill, the tax bill and got them all passed by the House in the form in which the Administration wanted them...