Word: rfc
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...first million (Wall Street) before he was 30, has added many more. He first got into Government finance as director of the War Finance Corporation of World War I. He was the Governor of the Federal Reserve Board when Herbert Hoover made him the first chairman of the RFC. In his 13 years as owner-publisher of the Post he has converted it from a discredited, down-at-heel, old-line G.O.P. organ into a prosperous, independent journal...
...cash comes from Kaiser's shipbuilding and Fontana earnings, with an O.K. from the Reconstruction Finance Corp. RFC figured that better earning prospects for Fontana meant a better prospect for repayment of the $115 million RFC loan...
Bishop and Stone could not talk any banks into making the 100 G.I. loans. But they got the Government interested. In record time, U.S. Homes got: 1) $175,000 in loans from RFC; 2) machinery and equipment from the War Assets Administration; 3) a lease on 80,000 square feet of space in the surplus 58-acre B-29 plant at Marietta. Eighty-one more veterans were taken in on the original terms, thus bringing the company's total capital close...
...Husbands, 55, director of RFC and wartime head of Defense Plant Corp., became executive vice president of Transamerica Corp., which owns the largest single stock interest in the nation's No. i & No. 3 banks (California's Bank of America and Manhattan's National City Bank). Transamerica has no president, so Sam Husbands will serve as its operating head. He will be responsible only to Board Chairman A. P. Giannini, who also runs Bank of America...
William Julius Hobbs, 42, was elected president of the Coca-Cola Co., after ten years as an RFC lawyer, only four years with Coca-Cola. Bill Hobbs left RFC's Atlanta office to reorganize Coca-Cola's musty legal department, caught the eye of Coca-Cola's Robert Winship Woodruff. From then on, Bill Hobbs fizzed up to a vice-presidency, moved to New York to head the Coca-Cola Export Co. As president, Bill Hobbs will be second only to Bob Woodruff, who was acting president, and will continue as board chairman...