GOVERNMENT: Texmass Mess?

For months, Arkansas Democrat William J. Fulbright has been gathering evidence for a full-scale investigation of RFC by his Senate banking subcommittee. Last week, as his committee began hearings, it looked as though he had struck pay dirt at the first swing of his pick. The case was that of the Texmass Petroleum Co., an oil outfit which got authorization for a $10,100,000 loan from RFC in 1949. The money has not yet been paid out and Senator Fulbright hoped he could prevent its ever being drawn.

Among the first witnesses was Comptroller...

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