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Though the argument as to whether to abolish RFC entirely was still not over, the committee unanimously approved President Truman's nomination of W. Stuart Symington to be the single boss of a reorganized RFC and the full Senate confirmed him later without dissent. Able Man-About-Government Stu Symington solemnly assured the Senators that he was "beholden" to no five-percenters or influence-peddlers, an assertion that few Congressmen needed reassurance about...

Author: /time Magazine | Title: National Affairs: Pro & Con | 5/7/1951 | See Source »

...Truman's plan to reorganize the Reconstruction Finance Corp. Under the plan, now effective, the RFC will have a single administrator to be appointed by the President, and a special five-man investigating board to review all loans over $100,000. Probable one-man boss: NSRB Chairman Stuart Symington, one of the few. Truman favorites still personally popular in Congress...

Author: /time Magazine | Title: THE CONGRESS: Draft Passed | 4/23/1951 | See Source »

...past year, Bill Long has been doing Smith's job while Smith was serving as a deputy to W. Stuart Symington on the National Security Resources Board. Last week, when Smith finished his Government stint and came home, Bill Long decided to take a rest on his 11,000-acre Rough Creek Ranch, 90 miles southwest of Dallas, where he plays polo with local ranchers and businessmen. "The way to live to an old age," says he, "is to spend a lot of time on a horse. You can't take a horse into an office, a pool...

Author: /time Magazine | Title: Business & Finance: The Oilfield Shuttle | 4/2/1951 | See Source »

NSRB. National Security Resources Board. Overall military and economic planning. Chairman: Stuart Symington...

Author: /time Magazine | Title: National Affairs: BUREAUCRACY IN BLOSSOM | 2/26/1951 | See Source »

...early World War II mistake of expanding aluminum production too little and too late. So charged Reynolds Metals' President Richard S. Reynolds Jr., second biggest U.S. aluminum producer, before a House subcommittee. Not until three months after the Korean war started, said he, did NSRB Chairman W. Stuart Symington call for an immediate expansion of 500,000 tons a year. But when the Government got around to issuing the actual contracts, said Reynolds, his company's expansion was cut from 150,000 tons to 100,000 tons...

Author: /time Magazine | Title: Business: Pentagon's Error? | 2/5/1951 | See Source »

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