Word: trustmen
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Dates: during 1940-1949
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Late last week a committee of worried investment trustmen met with Schenker in Washington, were reassured. They were told that the Government is exploring the pool idea because it fears that the investment bankers won't handle many of these deals. But since bankers, fire-insurance companies and anyone else who wants to are free to compete for the properties, there need be no fear of criticism for taking advantage of the British on price. Another incentive to fair pricing: RFC can always decide what is a "fair" sales price for these properties, lend the full amount...
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