Business & Finance: Central Settlement

On the walls of his Washington office, RFChairman Jesse Holman Jones has two maps of his native Houston. One shows the city with all its Jones buildings. The other shows all the Jones buildings rubbed out. Houston without a Jones building is a sorry sight. Even sorrier would be a U. S. railroad map with all lines supported by Mr. Jones's RFC rubbed out. Total RFC advances to railroads have been $487,000,000, of which some $74,000,000 has been repaid. Last week after a 25-minute conference with Harold Stirling ("Mike") Vanderbilt, New York Central's finance...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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