Time Clock: Jan. 13, 1961

BIGGEST U.S. LOAN for an industrial project overseas will help build huge integrated steel plant in Turkey with an initial capacity of 470,000 tons a year. The Development Loan Fund's $129.6 million will cover half plant's cost.

PEDDLING OF INFLUENCE by Thomas G. ("Tommy the Cork") Corcoran, 60, onetime New Dealer turned wheedler for Tennessee Gas Transmission Co., was not out of line, ruled congressional committee, after investigating Corcoran's private pleas to FPC commissioners to grant a Tennessee subsidiary a higher return in a rate case (TIME, May 23). Committee's Republican minority dissented, called the findings "the most shocking political whitewash in...

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