BOARDS & BUREAUS: First Merger


Today a farmer thirsting for a loan from his Government is shuttled back & forth among eight separate and distinct Federal credit spigots. Last week President Roosevelt moved to save him time and trouble and the U. S. $2,000,000 a year by consolidating all eight spigots into one Farm Credit Administration.

Using for the first time his new authority to reorganize the Government, the President sent to Congress an executive order merging the functions of:

The Federal Farm Board created by President Hoover in 1929; The Federal Farm Loan Bureau set...

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