BOARDS & BUREAUS: R. F. C. Outgo

BOARDS & BUREAUS

Cornerstone of the relief program on which President Hoover is seeking reelection is the $3,800,000,000 Reconstruction Finance Corp. Nominally controlled by non-partisan Democrats, R. F. C. is the pride of most Republican stumpsters. Last week campaign orators were supplied with some mouth-filling figures when R. F. C. reported to the country on its first seven months' operation (to Sept. 1).

During this period R. F. C. lent $1,182,734,958. exclusive of advances for direct relief and self-liquidating projects, to 513,231 borrowers. Principal debtors...

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