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It also provides that the funetions of the RFC relating to the rubber program, (the tin program and the abaca program, such tot ing necessary to national defense, shall be transferred to Mr. C. E. Wilson, Director of the Office oft Defense Mobilization.
The administrative cost of the RFC is approximately |20 million * year. Its abolition is recommend* ed by the Hoover Commission and by Mr. Jesse Jones, its highly respected original chairman.
The liquidation of the RFC would reduce Federal personnel by 8,000.
With a Federal debt of 8260billion, it does not seem reasonable to me that the Federal Government should borrow money to make loans such as am ordinary banking institution. The RFC has been brought into such disrepute that it has lost the confidence of the American people. It began as a depression measure in 1932 and, for a time, served a useful purpose, but any business industry with proper credit can now obtain funds through ordinary banking channels.
The RFC is now so permeated with political favoritism that it should be completely cleaned out. There is an old saying that you cannot measure a snake until it is dead. I think this will apply to the RFC as a non-fx>litical liquidation of this agency will, in my judgment, disclose many evidences of favoritism, collusion, improper influence, and perhaps criminal practices. It is an agency which is being used as a work shop by getnrich-qiuick political preditors. It has contributed in a large way to political moral delinquency and has done and is doing much to cause the people to lose fath in their government.
If the legislation is enacted, I hope the Secretary of the Treasury will designate as the liquidator Jesse Jones, who is not only familiar with its ramifications but has the courage to perform the task without fear or favor.
Auto Tags On Sale Today
At Hampton Service Sta.
New 1951 automobile tags go on sale today at Hampton Inn and Service Station, on Route 522, one mile south-west of Washington.
Gibson Wharton, in charge of ' the sale of the license plates in Rappahannock county this year, has announced that the hours for the sale of tags are 9 a.m. to 5 p.m.
The auto tags for Virginia this year follow the regular practice of reversing the black and white; this year they are'white with black figures. Last year Rappahannock’s first three numbers were 416-; this year the first three numbers, 594-, and 595-, designate this county.
Attend Jackson Day
Dinner In' Richmond
Among those from Rappahran- - jooofc attentf»g> the Jackson* Day^ dinner in Richmond ’oh Friday were Herbert Foster, Downing Wood, Charles W. Keyser, Mr. and Mrs. James W. Fletcher, Mr. and Mrs. P. Lee Thornton, Mr. and Mrs. E. M. Jones, Mr. and Mrs. Ray Wire, Mr. and Mrs. R. E. Wood, Mr. and Mrs. Wade H. Massie, Jr., and A. C. Latham. An informal affair was given - for the Democratic ladies at the Jefferson Hotel at 4 o'clock Friday afternoon. Among the ladies for Rappahannock attending were Mrs. Wade H. Massie, Jr., Mrs. R. E. Wood, Mrs. James W. flat- •* cher and Mrs. Ray Wire. ■ f -■ • ,, / .? ;V. • r •
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