Business: The Government's Week: Jul. 4, 1938

Last week the U. .S. Government did the following for and to U. S. Business:

¶ Picked six representatives from the executive branch to sit on the temporary National Economic Committee (Monopoly Investigation) with six representatives of the legislative branch, picked last fortnight.

¶ Began to pour out to industry the first loans from the $3,722,905,000 Lend-Spend bill signed by President Roosevelt.

¶ Bought (through RFC: for $2,000,000) the C. & O. canal from Georgetown, D. C., to Cumberland, Md., enabling hard-pressed B. & O. to meet its interest payments for July.


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