Word: rfc
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...million RFC loan to the Philippine Republic at 2% interest...
...Extended RFC lending powers from January 1947 to July...
...point someone suggested a long-distance call (with reversed charges) to presidential crony and RFC Director George Allen in Cleveland. After everyone had talked and run up a sizable bill, it turned out that George Allen would not have to pay the charges after all. The call had come in and been charged while he was visiting the home of violently anti-New Deal Steelman Tom Girdler...
...socialist reformer. Born to an aristocratic Alabama family, he won a Rhodes scholarship in 1920, earned his degree in jurisprudence and his "blue" (letter) in rugby at Oxford. Back in Alabama, he became a corporation attorney, married Justice Hugo Black's sister-in-law. Some time after joining RFC's legal division, he tied with a colleague in a stenographers' vote for the "biggest hayseed" on the staff. He was a director of the Defense Plant Corp. when Franklin Roosevelt named him to FCC in October 1941, soon became the listening audience's champion in Washington...
...Midwest farmers, there was good news last week from the little town of Baxter Springs, Kan. (pop. 4,921). The news: the RFC-owned Jayhawk Ordnance Works, giant producer of chemicals for wartime explosives, had been taken over by a private company to make badly needed ammonium nitrate fertilizer. Jayhawk expected to become the world's largest maker of it, cut $3 to $4 a ton off prices to farmers...