Business & Finance: Downtown

¶On June 29 the R. F. C. lent $950,000 to Denver & Rio Grande Western R. R. Last week the R. F. C. released the finance docket on the loan. In it was found a one-sentence letter:

Reconstruction Finance Corp., Washington, D. C. Dear Sirs:

In consideration of your making a loan of $950,000 to the Denver & Rio Grande Western Railroad Co., this letter will evidence the agreement of the undersigned with your corporation that the management of said railroad company will undertake immediate negotiations looking toward merger, consolidation or unification....

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