Word: rfc
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Follies oj 1932-44, one of the pariah paintings, showed Franklin Roosevelt, crowned and gaily tossing flat money in a ballet of smirking chorines labeled WPA, OWI, PWA, RFC. Painter of Follies of 1932-44 was Mrs. Mabel Meeker Edsall, art instructor at St. Louis' John Burroughs School. Four more of her paintings were also banned...
Fire-eater Eaton conceded that investment bankers have insufficient money to do the job. To get such funds, and to keep the Federal Government from increasing its direct financing, he suggested that preferred stock in regional investment banking houses be sold to the RFC. As the capital markets opened up, "the Government could gradually withdraw from much of the banking it is now doing, and security underwriters could retire stock held by the RFC. . . . The time will come again when the emphasis is shifted from riskless refundings to creative finance...
...Body Is Found. Last June, just before RFC's authority to set up Government corporations expired, Jesse Jones created the Petroleum Reserve Corp. and empowered it to engage in enough world wide oil activities to make any private oil company look puny. Then Banker Jesse uncharacteristically began to ignore...
Ready to Swing. The U.S. has been getting some 40,000,000 lb. monthly through a deal Jesse Jones's Metals Reserve Co. made with the Aluminum Co. of Canada, Ltd., subsidiary of Aluminium, Ltd.,* when the U.S. was still aluminum poor. RFC handed out $69,000,000 as advance payment on 1,370,000,000 lb. of aluminum...
With the cash, Aluminum of Canada expanded its facilities on Quebec's Saguenay River, helped the U.S. over the aluminum hump with quick shipments from its reserve. But Aluminum of Canada still has some half-billion pounds to ship, and has a hard & fast contract requiring the RFC to pay a 5?-a-lb. penalty if the contract is canceled...