Word: rfc
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...Denver's hard-driving Robert S. Palmer, 41-year-old mining association secretary, has been urging it for years. But the cost was only one barrier. The tunnel would interlace through 600 miles of underground workings, involving 2,000 patented claims, with heirs spread from Atlanta to China. RFC took one look at the legal snares, refused funds. Then the Bureau of Mines, anxious to increase zinc production, took an interest. (Zinc is used in brass cartridges; every big bomber carries 500 pounds of it.) As a war measure, Congress last spring gave Ickes...
...behind on less pressing business. * Committee members: the Army's Price Adjustment Board Chairman Joseph M. Dodge (chairman); Navy's PAB Chairman Kenneth H. Rockey (vice chairman); Maritime Commission's Thomas M. Woodward (also representing War Shipping Administration); Treasury's Captain Harry C. Maull Jr.; RFC's Charles T. Fisher; WPB's Carman G. Blough...
...their place the President set up the Foreign Economic Administration, put in shrewd, ambitious Leo Crowley as its head. Leonine Leo also took authority over RFC subsidiaries dealing with foreign economic problems (Metals Reserve Co. and Rubber Reserve Co.), retained the board chairmanship of the U.S. Commercial Corp. through which he controls all foreign purchases...
...some insurance thinkers have been looking for a new, constructive answer. One idea that is causing conservatives to harrumph in the insurance board rooms: that an investment pool for new or expanding industries be formed, with insurance companies sup plying the "senior" capital. Effect: a kind of privately owned RFC. Likelihood: little; the insurance business as a whole is doing too well as it is to be receptive to radical new tinkerings...
Jesse Jones's RFC had lost a few branches which deal in foreign purchases. Along with the remnants of BEW, these now become the new Office of Economic Warfare, headed by the Administration's oldtime trouble shooter, able Leo T. Crowley. But Jesse Jones will control the purse strings. And Leo Crowley, 53, is a friend who keeps an autographed photo of Jesse Jones behind his desk...