Despite all the ruckus over questionable loans and influence-peddling, the Reconstruction Finance Corp. managed to accomplish a few things last year. RFC Administrator Stuart Symington, who took over the agency when it smelled the worst last May, reported that in fiscal 1951 (ending last June 30), RFC paid more than $95 million to its sole stockholder, the U.S. Treasury.
Of the total, $7.6 million came from interest on loans, $8.7 million from scaling down the amount RFC set aside for losses. In addition to its $16.3 million dividend, the agency turned over $79 million in profits from RFC's synthetic-rubber-production monopoly,...
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