Word: loans
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Dates: during 1950-1959
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Almost three years ago, St. Louis' American Lithofold Corp., which specializes in printing forms and depends on government orders for half its work, applied to the Reconstruction Finance Corp. for a loan. Charles Alexander, local RFC manager, rejected the application...
...Lithofold Corp. had some good friends-of-friends. One was ex-RFCer Merl (Mink Coat) Young, who phoned Alexander from Washington that "the Democratic National Committee is interested in this loan." Another was James Finnegan, St. Louis Collector of Internal Revenue and crony of the President. Finnegan added his pleas. Finnegan would generally agree with Alexander that some of Lithofold's business practices were unsound (as Alexander recalled it), "but he would invariably ask, at each meeting, 'How's the loan coming, Charlie...
...September 1949, RFC raised the Lithofold loan to $465,000, added $100,000 the following November...
...Senate Committee probing RFC last week drew a bead on one of RFC's best customers-Kaiser-Frazer Corp. In a 30-page report, the Committee charged RFC should not have made a $34 million loan to K-F in October 1949. Even though K-F would have gone bankrupt without it, said the Committee, K-F's prospects of repaying out of earnings were so dim that "the public [interest]...did not justify the use of public funds to continue operation of K-F as an auto company." Following the first loan, K-F tapped...
...Everything." Dagmar (who was born Virginia Ruth Egnor) left Huntington six years ago because she was too softhearted to keep her job in a loan office ("I hated asking all those nice people for money!"). In Manhattan, she tried modeling for a while, got a bit part in the Olsen & Johnson musical Laffing Room Only through one of the shortest interviews on record (Johnson: "What do you do?" Dagmar: "I do everything." Johnson: "I bet you do."). Before the sensational breathing exercises on Broadway Open...