Jones on Past & Future
Many a bitter, cynical attack has been made on the Old Deal and Charles Gates Dawes because of the $90,000,000 loan made by the Reconstruction Finance Corp. to his Chicago bank in 1932, shortly after he resigned as RFC president. In last week's issue of the Saturday Evening Post, the record of that transaction was set straight. It was told how General Dawes announced to other Chicago bankers and officials of the RFC that his bank would not open next morning; how he made it plain that...
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