Word: rfc
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...time this performance had been repeated, everybody had the idea. But Jesse Jones, who has held more New Deal jobs at one time than anyone else,* has also acquired an army of powerful friends, in & out of Congress. Last week Jesse's friends rallied round: businessmen befriended by RFC, fellow Southern Conservatives Kenneth McKellar, Walter George, and even old Cordell Hull, who was not too ill for a little political maneuvering. The President got word that it would not be "practical" politics to chop off Jesse's white-thatched head...
...Association also called for approval of the Bretton Woods International Bank, along with an "adequate" currency stabilization plan. To supplement the lending power of the International Bank, the Association would boost the capital of the Export-Import Bank and the RFC, and would open the U.S. door to private loans abroad by dropping the Johnson...
...plan will be put before the new three-man surplus-property board (TiME, Oct. 2). Washington gossiped that one of the jobs, and the chairmanship, will go to Sam H. Husbands, 53, president of Defense Plant Corp. (RFC Boss Jesse Jones once said Husbands "knows more about banks than any man in the U.S.") Another job is expected to go to James Sheppard, Los Angeles attorney. Lieut. Colonel Joseph P. Woodlock, onetime executive of the Crucible Steel Co., now executive assistant to Will Clayton, is an outside choice for the third job. But Washington also gossiped that the President...
...nostalgic milestone of the Great Depression was passed in Chicago last week. In 1932, the Reconstruction Finance Corp. lent $90,000,000 to Chicago's Central Republic Bank & Trust Co., stirring up a tempest of criticism. The loan was sourly dubbed "a Government gift." The reason: RFC Chairman Charles G. Dawes had resigned his RFC chairmanship to resume the chairmanship of Central Republic only three weeks before the loan was made. The cash helped ease pressure on all Chicago banks; but Central Republic closed its doors. Deposit accounts were transferred to the City National Bank & Trust Co., now chairmaned...
FLASH. Late last night in an embroiled caucus the men of Company 1 decided that Roosevelt had been in long enough. They did recognize that he has given to the country a great many things, such as: SEC, HOLC, RFC, OPA, WPB and V-12; the last, his greatest contribution. But when the Naval Uniform shop can't get our whites here on time for graduation, and their grays split every time we bend over, we must have new leadership. Now is the time for all good men to come to the aid of the party...