THE PRESIDENCY: The Hoover Week: Mar. 21, 1932

Last week President Hoover held a reception in his Cabinet Room for the staff of seven-weeks-old Reconstruction Finance Corp. General Dawes, R. F. C. president, explained: "These people . . . have been sitting up until 2 a. m. and later, to get the corporation's difficulties straightened out and its operation perfected." For each worker the President had a handshake and a word of thanks. During its operation, R. F. C. has authorized loans totaling $183,000,000, divided as follows: Agriculture $75,000,000; financial institutions, $61,800,000; railroads, $47,000,000. Only a little over $87,000,000,...

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