Word: loans
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Dates: during 1930-1939
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...President's revolving, self-liquidating Great White Rabbit of 1939 ($3,860,000,000 loan program), nothing was heard last week except a resolution put through the Senate by anti-Roosevelt Senator Byrd of Virginia, asking the Treasury to itemize some $8,000,000,000 of extra-Budget financing already entered into by the Government. Senator Byrd's point: the 1939 rabbit is superfluous...
...national defense loan was floated, and the French Army opened its ranks to foreigners who wish to pledge during peace that they will fight "for the duration of the war." The Premier called a meeting of the Cabinet, which approved "measures to strengthen the action of France and to end any misconception of the firmness of her resolution." Then appeared a very incongruous announcement that Germany and France were about to initial an agreement to increase trade...
Before the true size and nature of this rabbit could be assimilated by Congressional minds, Mr. Roosevelt further announced his appointment of Jesse Holman Jones to head the new Federal Loan Agency and of John Michael Carmody to head the new Federal Works Agency. Mr. Jones's translation from Reconstruction Finance Corp. was scarcely unexpected, but quick reference to the President's great new scheme made observers wonder if Mr. Jones had not been kicked upstairs instead of promoted. Only part of the proposed plan which the Loan Agency would supervise was the foreign business. Mr. Jones, professional...
...Perhaps hasty, perhaps piercing, was the conclusion leaped to by some commentators that Mr. Jones was elevated so that RFC's loan rate, which Mr. Jones has kept as near 4% as possible, might be lowered to 2½ % or even 2 %. Heir-apparent to the RFC chairmanship was Emil Schram, a member of Mr. Jones's board of directors since...
...administrative fields where the Legislature could not hamstring him, Culbert Olson did what he promised, started a cleanup of workmen's compensation administration, building & loan scandals, other dung-heaps in the backyard which he had inherited from old Frank Merriam. To the $30-Every-Thursday Ham-&-Eggers who helped install him, he promised a special election to give their pension plan a chance this fall, talked of tacking to it a proposal to recall the legislators who wrecked his program. Culbert Olson hoped to be to California what he thinks...