Business: Private RFC

Where will business find the billions of dollars needed for postwar expansion? Will private capital flood forth to finance new ventures and help small business grow? Or must business go hat-in-hand to the Government for money? Last week grey, energetic Herbert Frank Boettler, 53, and rotund, easygoing John Wesley Snyder, 47, both vice presidents of the venerable First National Bank in St. Louis, thought they had some answers to these questions. Their suggestion: that a titanic National Industrial Credit Corp. be formed to pump risk credit into business. Labor, business, banks, insurance companies, railroads and private citizens would be invited to...

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