Business & Finance: Double Blue Eagle

"Be smart for once." cried Jesse Jones to U. S. bankers when they convened in Chicago last September, advising them to sell preferred stock to the R. F. C. and earn a ''double blue eagle." Ever since then the R. F. C. has been trying in vain to persuade some big bank to issue preferred stock. Last week James Reader Leavell, successor to the Brothers George and Arthur Reynolds as head of Chicago's Continental Illinois National Bank & Trust Co., decided to accept Mr. Jones's offer to have his bank sell $50,000,000...

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