BUSINESS & FINANCE
"In a desire to get the Government out of the lending business, the President on Oct. 18, 1937 instructed the Reconstruction Finance Corporation to take no more new applications. . . . Due to the sharp decline in business and employment, the President has now requested that we resume lending to deserving borrowers. . . ."
Thus last week wrote RFC Chairman Jesse Jones to inform the nation's banks that RFC's 32 offices (with about $1,500,000,000 in the kitty) are once more open for business. The riotous Little...
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