Word: rfc
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Philadelphia's Bustleton was bustling last week. Grey-haired, abstemious Edward Gowen Budd, 74, had just leased from RFC the $21-million. 24½-acre. Bustleton war plant (in which Budd has produced planes and munitions for two years) for his famed auto-body and streamlined train-building company. Budd's lease had set a reconversion mark for U.S. industry (particularly Competitor Pullman); no other company had taken over a plant so big from the war-industry plants now on the block, and reconverted...
...RFC deal was a five-year lease on 77% of the new plant (rental $649,806 a year), with an option on the other 23% if peacetime production should warrant it. It grooved nicely into Budd postwar plans. Budd's munition-making (8-inch shells, aerial fragmentation bombs) would go on until war contracts were filled...
...Truman the day after his inauguration, was still just a Manhattan lawyer who had once had breakfast with the President. And Old Friend Ed McKim, the Omaha insurance man who had been moved in as chief administrative assistant six weeks ago, was "drafted" for a vague job in the RFC...
About six months after Pearl Harbor, RFC replaced WIC with the War Damage Corp., which took over the same type of insurance but charged premiums of $1 a $1,000. WDC has had to pay out only trifling amounts, has $220,000,000 of untouched profits to balance in part the huge losses...
...last week Chicago Corp. put through a deal of Tennessee Gas to raise $42,750,000 by issuing bonds and preferred stock on the pipeline, get another $15,000,000 in bank loans. With the money, Tennessee Gas will pay off the loans of the RFC and the Chicago Corp. Now, if the FPC decides that Chicago Corp. is a natural gas company, it will simply get rid of the pipeline either by 1) selling it outright or 2) giving it to the stockholders...