Word: rfc
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...Passed without a record vote a bill to extend the RFC one year, increase its lending power $850,000,000 (see p. 16), sent it to the House...
...Passed without a record vote the RFC bill, sent it to the President...
...smart Salt Lake City lawyer whose pony-express riding father left him a cattle fortune. Another is that husky lover of detective stories, rich Public Utilitarian Harvey Crowley Couch of Pine Bluff, Ark. And from the most spacious State of all is the man who dominates RFC's policies, has dominated them since the agency's re birth-Chairman Jesse Holman Jones, a Texan now become a titan. When Jesse Jones is out of Washington, RFC is out of Washington; no decisions are made, no major business transacted. Just as Hugh Johnson is NRA, Jesse Jones is RFC...
...banking system whose deposits could be guaranteed. Thus in use the RFC became the financial heart of a vast experiment in State Capitalism. Colossus. As controller of a prodigious one-man corporation, silvery-haired Jesse Jones has in his potential portfolio $394.000,000 worth of holdings in 67 railroads -enough to make Messrs. Gould and Harriman turn enviously in their graves. In three months he has bought at prices he himself increased from week to week $100,000,000 of gold. He has more bank stock than any man in the history of the world-$475,000,000 worth...
...Like everyone else, Mr. Jones has suffered a sharp shrinkage in his fortune. Of the 70-odd real estate holding companies in which he is interested, some have defaulted. Last November the Senate Banking & Currency Committee investigated authorization of two RFC loans, totalling $1,500,000 to Midland Mortgage Co., subsidiary of Bankers Mortgage Co. which Mr. Jones founded. Mr. Jones was able to show that he had severed connection with the company when he joined RFC...