GOVERNMENT: A Decent Burial

Should the Reconstruction Finance Corp. be abolished? Arkansas Democrat J. William Fulbright, whose Senate banking subcommittee is now investigating RFC (TIME, April 24), last week found somebody who thinks so: Texas Banker Jesse H. Jones, head of RFC for 13 years after the agency was first set up in 1932.

Wrote Jones to the subcommittee: "I think [RFC] should be given a decent burial, lock, stock & barrel. None of the emergency conditions which prompted [its] creation exists today. When the Government finances business, it is competing with private enterprise from which it gets much of its income. When it...

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