Word: rfchairman
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...Kaiser-Frazer Corp. to some $50 million, last week decided to ride along on the mule as well. To K-F's board of directors, the RFC appointed their own representative,* 26-year-old Detroit Lawyer Alan E. Schwartz. A Harvard Law School graduate (1950) who had caught RFChairman Harry McDonald's eye when pleading cases before government bureaus, Schwartz will attend all of K-F's board meetings, keep tabs on the company's finances (K-F's losses in the past seven years: $53 million). Explained RFC: "After all, their interest...
Rushing In. Under the circumstances, why had RFC approved the loan? Senator Fulbright put RFChairman Hise on the stand to find out, but got little satisfaction. "I don't think I want to attempt to justify this particular loan," said Hise, slouching in his chair. "I have heard nothing to indicate it was a bad loan." Besides, he added, there was "no reason to hold up the disbursement." In fact, his staff lawyers thought it might be illegal for RFC not to go through with its loan commitment. RFC was firmly of the opinion that with more capital Texmass...
...review committee had bluntly reported that the loan would be "largely a bail-out of investors and certain creditors." Furthermore, out of RFC's five directors, the loan had been approved by a mere two-to-one vote (a fourth director was absent, while RFChairman Harley Hise abstained from voting because a distant cousin is married to a Texmass official...
...When the dollar price of gold was being forced up in 1933, the daily quotation was set by the President in a bedside conference with Morgenthau and RFChairman Jesse Jones; the figures were often arbitrary, and once the President agreed to a 21? boost because "it's a lucky number-it's three times seven...
...went to Cordell Hull (University of Pennsylvania and Yale), New York's Special Racket Prosecutor Thomas E. Dewey (Tufts and the University of Michigan), new President Frederick Harold Stinchfield of the American Bar Association (Bowdoin and Bates), retiring President Mary Emma Woolley of Mount Holyoke (Bucknell and Columbia), RFChairman Jesse Holman Jones (Temple and New York University), John Gilbert Winant, onetime chairman of the Social Security Board (Oberlin and Knox). G-Man John Edgar Hoover accepted an Sc.D. from Kalamazoo College and an LL.D. from Westminster College (Fulton...