Word: rfc
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...Louis' Emerson Electric Manufacturing Co. who, as a prominent Missourian, knew Truman. So he became Surplus Property Administrator. His hands tied by red tape and a bad law, he kicked and fumed about his job, finally resigned last week when Surplus Property was turned over to the RFC's War Assets Corp. for administration...
Cronies. Along with taking care of Stu and Ed, the President eased his croniest crony, George Allen, into the Board of Directors of RFC. Washington dopesters guessed that after a short time on RFC's Board of Directors, Mississippi-born George Allen, 49, might move in as boss of all Government lending agencies...
...Earl Slick's. He had mixed flying lessons with his wildcatting, had been a wartime pilot in the Air Transport Command. Not long after he became a civilian last December, he heard that nine surplus Army Curtiss Commandos were up for sale. In Washington, he walked into RFC's surplus-plane division one day at i p.m., came out at 1:15 owning the planes. The price...
Hughes balked. His reason: the contract stipulated that RFC would choose the pilots for test flights, and Hughes wanted to pick his own. Reportedly, he wants to fly the plane himself. Perelle tried for three months to get Hughes to change his mind. Last week he gave...
What will happen to the flying boat now, nobody knows. RFC, which owns both the plane and the plant it was built in, is anxious to get it away from Culver City. It has already offered the Howard Hughes plant for sale as soon as the plane is moved. But Hughes has shown no signs of moving the plane until RFC agrees to his terms. It may have to eventually-and finance the flights as well-if it ever expects to see what it got for all that money...