Word: rfc
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...fair-elections law, requiring voting machines throughout the state; 4) the first statewide cleanup of Kentucky's voting rolls; 5) an average $1,100 raise in teachers' salaries and a probe of the inept education system; 6) establishment of a $4,000,000 business-development corporation ("little RFC") and a $2,000,000 industrial-loan authority to bolster the state's sagging coal-mining and agricultural economy...
...Washington as head of the National Security Resources Board. In April 1951, in the midst of the influence-peddling scandals that rocked the Administration, Truman asked Symington to take one more "load-of-coal" job for him: tidying up the scandal-ridden Reconstruction Finance Corp. Symington opened up RFC records to goldfish-bowl scrutiny by the press, fired employees tangled in the influence-peddling web. It was dreary, thankless work. In early 1952, his cleanup chores done, he resigned and went back to St. Louis, intending to get back into moneymaking...
...every quarter, the Kaiser shipyards went on to build more vessels than any other shipbuilder during the war. At the same time, the Kaisers also had their first run-in with the steel industry, when they announced plans to build their Fontana steelworks on the West Coast with an RFC loan. Despite the industry's opposition, Kaiser built the largest steel plant west of the Mississippi (in ingot tonnage), paid off the Government loan 20 years ahead of time...
During the 1930s and '40s, Eaton was busy parlaying what he salvaged from the Depression into a second fortune even bigger than the first. With the financial help of RFC, Eaton diverted an Ontario river and drained a lake to get his huge Steep Rock iron-ore mine working, went back into steel by forming Portsmouth Steel Corp. with holdings in Detroit Steel and Cleveland-Cliffs Iron, helped that other great RFC beneficiary, Henry J. Kaiser, bankroll his ill-fated auto venture. Then, at a critical moment, Eaton backed out of a deal to underwrite $11.7 million worth...
Paper Plan. Behlen's big break came in 1947, when he designed a frameless corn crib made of corrugated wire mesh. Farmers jumped at it because it was so simple to assemble. Behlen borrowed from the RFC to pay for a bigger plant, netted $305,000 that year and paid off the loan in six months. Then the corrugating idea really blossomed. One day he devised a new way of double corrugation by folding a piece of stationery in an unusual pyramidal form. It was so much stronger that he decided to use the principle for building. Panels...