Word: fca
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...Appointed a new head of the Farm Credit Administration. Accepting "with sincere regret" the resignation of FCA Governor William I. Myers, who is returning to Cornell to teach, Franklin Roosevelt promoted Deputy Governor Forrest Frank Hill to his job. "Frosty" Hill has been with FCA since it was created in 1933 to merge a handful of uncoordinated agencies and save the U. S. farmer from foreclosure. As a boy he worked on a wheat farm in Saskatchewan, got a first-hand knowledge of soil problems. A shrewd banker with an incredible memory for figures, Governor Hill still talks like...
...chiefly responsible for FCA's scientific farm-loan appraisals, having made a revolutionary study of mortgage history of farms of different soil types. Only 37, he is wiry, energetic, given to pounding his hands together and cussing. Says he: "Between my father's mules and prehistoric gasoline engines I learned to swear early...
Government activities in the field of farm credit are, say the official Business School review, effectively summarized by John K. Galbraith, instructor in Economics, in an article on "The Farmers' Banking System: Four Years of FCA Operations." Charles C. Abbott '28, instructor in Economics, deals with "The Government Corporation as an Economic Institution", a subject about which little has been written. Finally, among articles discoursing on business and the government, Thomas N. Whitehead, assistant professor of Business, comments upon the importance of the presidential election in the United States. He regards the election as reflecting an underlying social and economic...
Last week Democratic Nominee Franklin Roosevelt made his big 1936 bid for the farm vote. In addition to such boons as AAA, FCA, RA which he has in the past three years offered Agriculture, in a swift play from Hyde Park he upped this already respectable ante. He appointed a committee headed by Rural Electrification's Morris L. Cooke to figure out a long term anti-drought program. He appointed another committee headed by Secretary Wallace to draw up plans for some form of crop insurance on at least one or two major crops. He wrote to the Senate...
...them about Republican Vice Presidential Nominee Frank Knox's declaration that no insurance policy is safe today (TIME, Sept. 21). Taking the cue, they announced as they emerged that life insurance company assets were up $3,000,000,000 since 1933, called attention to the fact that FCA, HOLC and RFC had bailed insurance" companies out of some $523,000,000 of troublesome assets, declared U. S. life insurance policies "the safest of all possible securities." Later when newshawks asked him if the conference was, in effect, a retort to GOPartisan Knox, the President replied: "Res ipsa loquitur...