Word: rfc
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Crusty old (77) Jesse Jones had no reason to be surprised that the influence boys have been working on the RFC. During the twelve turbulent years that Jones supervised the open-handed Government corporation, politicians from President Roosevelt down continually eyed the jam pot. In a book published this week (Fifty Billion Dollars, Macmillan; $6), Jones takes this and many another angry cut at the Administration of which he was a part and at the President under whom he served...
Boyle referred to a Senate committee investigation into his acceptance of fees from the American Lithofold Corp. which got a loan from the Reconstruction Finance Corporation after Boyle arranged a meeting between Lithofold and an RFC director. Wrote Boyle to Truman: "A Republican member of the [Senate] committee stated yesterday that the record contains 'no evidence of illegality or moral turpitude on my part. I should add to that that I have at all times conducted myself with honor and propriety...
...that party and that press are parties to a conspiracy of immorality . . . that makes the Democratic RFC shenanigans look like peanuts: I refer to the continued immorality that is McCarthyism . . . A Bipartisan Moral Policy is in order. HARRY MARGOLIS
...Turney Gratz, Kansas City friend of Democratic National Committee Chairman Bill Boyle, was called to the stand to explain about his income. During the four years that he was a second-rung executive in the RFC, Gratz said, Boyle had paid him $11,000 for "outside work." Boyle, at the time, was a private attorney representing, among others, clients trying to get RFC loans. Gratz insisted that he had earned the $11,000 by keeping Boyle's personal books and handling his investments after hours, although he was neither an accountant nor an investment expert. He admitted introducing hundreds...
...looking after the $18.5 million loans of Carthage Hydrocol, Inc., a Texas corporation which makes petroleum out of natural gas. He is president and counsel of the company, Gabrielson testified, but has never tried to use "influence." He called many times on Republican Harvey J. Gunderson when Gunderson was RFC director in charge of the Carthage Hydrocol loan. He called on RFC's new boss, Stuart Symington, to talk about a delay on the payments. And in October 1950, after Gunderson got the news that the President wasn't going to reappoint him to RFC, Gabrielson tried unsuccessfully...