GOVERNMENT: Repentance

Long under congressional fire for its sloppy housekeeping and carefree lending, the Reconstruction Finance Corp. last week slashed $5,000,000 from the agency's operating expenses, and hiked from 4% to 5% its interest rates on business and railroad loans. Said RFC's new Chairman W. Elmer Harber: "We think we can pay our own way and we think we should."

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