Word: rfc
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...which was close to the ragged edge last year when a $44 million RFC loan saved it, had already moved into the black in July with its sleek, rakish Kaiser. Last week, K-F, which is making 400 Henry Js a day, turned out a new daily peak of 1,200 cars. Furthermore, Edgar Kaiser predicted 1,600 a day as soon as a second shift gets rolling. Edgar also had thinned out K-F's inefficient dealers by trimming the number of agencies from...
...World War II, took on the job of making Pratt & Whitney Wasp Majors for B-36s in Chicago's vast onetime Tucker plant. To boost GR-S synthetic rubber production up to a maximum of 760,000 tons a year, Goodyear and Goodrich rubber companies were asked by RFC to reopen the last two idle rubber plants. And where quick action has been needed, U.S. industry has jumped to the job. Example: to fill the U.S. Army's need for 3-5-in. superbazookas to stop the Korean Reds' T-34 tanks, Ohio's Aeronca...
...long as you keep your eyes open, know what's going on and keep your nose clean, you get along all right." On such a homemade maxim, big (6 ft. 1 in.) Emil Schram has gotten along fine. He was a successful farmer, irrigation expert and president of RFC when he became president of the New York Stock Exchange...
...Washington gossiped that RFC's inept management had not been the only reason for the President's head chopping, especially since some of RFC's biggest blunders (e.g., Lustron) had been made under White House pressure. Another probable cause was the fact that both Gunderson and Hise had opposed Truman's plan to transfer RFC to the Commerce Department. Furthermore, Gunderson had bucked Truman's plans to aid small business with federal loans; Gunderson thought that a cut in taxes would help far more...
...replace Hise and Gunderson on RFC's board, and to fill the vacancy left by Director Henry Mulligan, who resigned almost four months ago, the President last week made three nominations: two were Democrats-Oklahoma Banker W. Elmer Harber and Massachusetts Lawyer C. Edward Rowe-and the third was a Republican who talks like a Democrat: Utah Banker Walter E. Cosgriff. The President also renominated RFC Director William E. Willett, to a three-year term. He will probably be the new RFC chairman...