RECOVERY: Texas Titan

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(See front cover) Like a great drowsy giant, the Reconstruction Finance Corporation, oldest and costliest of U. S. recovery agencies, last week stalked forth to stretch its huge bulk to the public gaze for the first time. Not until this startling exhibition did the country fully realize to what an extent its Government, through RFC, had committed it to State capitalism. In two short years the RFC had outstripped private capital, was well on its way to become not only the largest single investor in U. S. finance and industry but also...

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