BEHIND THE SCENES: Liquidation Sale?

Virginia's Senator Harry Byrd beamed with joy at the prospect of a victory he once thought he might never live to see. Democrat Byrd has long waged unremitting war against the Reconstruction Finance Corp., the huge Government lending agency set up by Herbert Hoover in 1932 as a depression emergency measure and expanded in function and influence during the New and Fair Deals. For years Byrd's fight was a solitary one. Last week, however, Harry Byrd was sublimely confident that the 83rd Congress would ultimately pass his newly introduced bill to wipe out RFC as of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!