Word: rfc
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...most had long since been i made up. Even the once-powerful opinion of Jesse Jones, now expressed in the editorial columns of his Houston Chronicle, caused little visible stir. The former Secretary of Commerce blasted the loan as unbusinesslike and inflationary, proposed instead a $1,000,000,000 RFC loan secured by the collateral of British holdings...
Since then, RFC has turned down Andy's bid for New Orleans' huge Michaud plant, in which he planned to make boats; the Federal Housing Administration has shown little interest in his grandiose plan to make houses out of a new Higgins material, enameled steel & concrete. And the stockmarket has slumped...
...Truman had nominated George Allen to RFC, and George weathered a Senate committee's scrutiny. But Funnyman George hardly added luster to the Administration. And when bumbling Jake Vardaman, whom the President had named to the Federal Reserve Board, was called before the Senate, God only knew what would happen...
...vote of 14-5, the committee decided that George was all right. Senator Taft and four other Republicans held out, but Administration aids expected the Senate to confirm George without much trouble. In the offing is the chairmanship of RFC-at least, George confided, Harry Truman had made a "thin hint" to that effect...
Drowned in the giggles was any thought of happy George Allen's qualifications for the RFC job. He had proved a great capacity to crack jokes about himself, a pleasant candor about his own ambitions and finances. He had demonstrated that a good many companies-most of whom find it convenient to be on good terms with Washington-considered him a useful man to have on the payroll. But there was no hint that any of his many previous employers had ever dreamed of making him board chairman of a corporation- much less of a $10½ billion empire...