Business: Without Disgrace

The best banking walls of Wall Street did not fall down last week before the long trumpet-blasts of Jesse Jones. But most of them opened their postern gates and let Mr. Jones come in with the money he was determined to inject into them.

The National City was the only big bank last week to surrender completely. If the stockholders approve it will let the RFC buy $50,000,000 of its preferred stock. Mr. Jones radiated assurance that the government would not make itself a nuisance at stockholders' meetings. But the fact remained that the...

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