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Administration agrees to allow RFC to guarantee loans to small business. Washington, D.C., July 19. Following a conference at the White House today with the above, left to right: Senator James M. Mead, New York; Senator Robert F. Wagner, New York; Jesse Jones, Federal Loan Administrator; Emil Schram, RFC Chairman. President Roosevelt announced a revised measure was agreed upon to utilize resources of the Reconstruction Finance Corporation to gaurantee loans to small business. Senator Mead, sponser of a pending Senate bill to provide direct insurance for private loans to business, said the new plan would be attached to President Roosevelt's $3,460,000,000 lending, 71939

Government insured loans a 'desirable first step' says Jerome Frank of S.E.C. Washington, D.C., June 2. SEC Chairman Jerome Frank making his initial appearance before a Senate Committee since his advancement to the Chairmanship, today appeared as witness before the Senate Banking and Currency Committee to endorse government insured loans as a 'desirable first step toward enabling local banking institutions to fill a gap in the financing of small business.' The bill was proposed by Sen. James E. Mead, and proposes that the RFC insure up to 90 percent of the loans made by private banking institutions

Bankers' Association opposes federal insured loans as hazard to established businesses. Washington, D.C., June 15. Robert M. Hanes, 1st Vice President of the American Bankers' Association, and brother of Treasury Undersecretary John W. Hanes, today told the Senate Banking and Currency Committee that the Association opposed the proposed bill to authorize the RFC to insure up to 90 percent on loans to small businesses. He said that it would be a hazard to already established enterprises. He denied that bankers are 'sitting idly by waiting for the borrowers to seek credit'

Government insured loans a 'desirable first step' says Jerome Frank of S.E.C. Washington, D.C., June 2. SEC Chairman Jerome Frank making his initial appearance before a Senate Committee since his advancement to the Chairmanship, today appeared as witness before the Senate Banking and Currency Committee to endorse government insured loans as a 'desirable first step toward enabling local banking institutions to fill a gap in the financing of small business.' The bill was proposed by Sen. James E. Mead, and proposes that the RFC insure up to 90 percent of the loans made by private banking institutions

Bankers' Association opposes federal insured loans as hazard to established businesses. Washington, D.C., June 15. Robert M. Hanes, 1st Vice President of the American Bankers' Association, and brother of Treasury Undersecretary John W. Hanes, today told the Senate Banking and Currency Committee that the Association opposed the proposed bill to authorize the RFC to insure up to 90 percent on loans to small businesses. He said that it would be a hazard to already established enterprises. He denied that bankers are 'sitting idly by waiting for the borrowers to seek credit'

Ask expansion of RFC lending power. Washington, D.C., March 29. Secretary of Interior Harold Jones (left) and RFC Chairman Jesse Jones (center) both appeared before the Senate Banking and Currency Committee today to urge expansion of the RFC lending powers in order to remove the present limit of $200,000,000[?] on loans to business. They are shown with Senator William G. McAdoo, a member of the Committee, shortly after the hearing convened, 3/29/38

Collects RFC loans. Washington, D.C., Aug. 17. Responsibility for the collection of loans made by the Reconstruction Finance Corporation falls on the shoulders if Henry A. Mulligan, Treasurer of the agency. How well he has done his job is indicated by the record of the last few months that shows that repayment of loans to the RFC has exceeded its disbursements. Mulligan was born in Newburgh, West Virginia., but now claims Wilmington, Del., as his home

RFC Head at Senate Inquiry. Washington, D.C., Dec. 17. Jesse Jones, Chairman of the Reconstruction Finance Corporation, appeared before the Senate committee investigating railroad financing today and told of the five loans the RFC made to the Missouri Pacific Railroad during 1932/33. Jones told the committee the loans were made with the approval of the ICCC and that "I regard the loans as fully secured with ample collateral." Chairman Jones is shown in this picture with Max Lowenthal, Counsel for the Committee

Interested listeners. Washington, D.C., July 19. Senators Francis T. Maloney, Left, Connecticut, and George L. Radcliffe, Maryland, lend an attentive ear to the testimony of Marriner Eccles, Chairman of the Federal Reserve Board, before the Senate Banking and Currency Committee today. Eccles told the committee the president's lending program is the only immediately practicable means of stimulating business and employment up to prosperity, 7/19/39

Administration agrees to allow RFC to guarantee loans to small business. Washington, D.C., July 19. Following a conference at the White House today with the above, left to right: Senator James M. Mead, New York; Senator Robert F. Wagner, New York; Jesse Jones, Federal Loan Administrator; Emil Schram, RFC Chairman. President Roosevelt announced a revised measure was agreed upon to utilize resources of the Reconstruction Finance Corporation to gaurantee loans to small business. Senator Mead, sponser of a pending Senate bill to provide direct insurance for private loans to business, said the new plan would be attached to President Roosevelt's $3,460,000,000 lending, 7/19/39

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A group of men standing next to each other.

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district of columbia washington dc glass negatives administration rfc guarantee loans guarantee loans business conference white house today senator james senator james m mead robert senator robert f wagner jesse jones jesse jones federal loan administrator federal loan administrator emil schram emil schram chairman rfc chairman president roosevelt president roosevelt measure resources reconstruction finance corporation reconstruction finance corporation gaurantee gaurantee loans senator mead sponser senate bill senate bill insurance plan us presidents white house united states history politics and government official white house photos public domain library of congress
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1939
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Harris & Ewing, photographer
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Washington, District of Columbia, United States ,  38.90719, -77.03687
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Library of Congress
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No known restrictions on publication.

label_outline Explore Federal Loan Administrator, Senator Robert F, Senate Bill

LIBERTY LOANS. CARTER GLASS GIVING VICTORY LOAN CIRCULARS TO LT. BENJAMIN TO DISTRIBUTE BY AIRPLANE

D.C. Commissioner. Washington, D.C., July 7. District of Columbia Commissioner George E. Allen leaving the White House today after a conference with President Roosevelt. Allen, who resigned as Commissioner during 1938, was recently drafted by President Roosevelt to serve a second time

Exhausted after wage-hour fight in senate. Washington, D.C., June 13. Senator Allen Ellender Democrat of Louisana and onetime Lieutenant of the late Huey Long, is snapped by news cameramen as he rests in his office after leading the victorious fight for the compromise in the wage-hour bill. The compromise is expected to make wage differentials possible for many southern industries. He has threatened a filibuster unless the south got what it wanted in the measure, 6/13/38

Discuss government reorganization with President Roosevelt. Washington, D.C., Sept. 23. Charles E. Merriam, (left) and Louis Brownlow, members of the President's Reorganization Committee, leaving the White House today after discussing government reorganization with President Roosevelt, 9/23/38

Informs President SEC ready to proceed with investigation of insurance companies. Washington, D.C., Jan. 24. William O. Douglas, Chairman of the Securities and Exchange Commission, leaving the White House today after reporting to President Roosevelt that the commission was ready to proceed with its investigation of insurance companies in connection with the present monopoly inquiry. He indicated the SEC would be concerned primarily with the investment and managerial phases of insurance company operation and said approximately $300,000 would be required to carry out the work in this calendar year, 1/24/38

[Emil Meusel, New York AL (baseball)]

PWA Administrator. Washington D.C., July 14. Harry Hopkins, WPA Administrator, arriving at the White House for a conference with President Roosevelt on housing, 7/14/37

Colby's atlas of the state of Maine : including statistics and descriptions of its history, educational system, geology, rail roads, natural resources, summer resorts and manufacturing interests /

Washington, D.C. Mario Verdi (left), OWI (Office of War Information) radio commentator for Italy, visiting Mr. Leo Crowley, administrator of the Federal Economic Administration

Colby's atlas of the state of Maine : including statistics and descriptions of its history, educational system, geology, rail roads, natural resources, summer resorts and manufacturing interests /

Idaho Senator luncheon guest of president. Washington, D.C., Jan. 28. Senator William E. Borah, of Idaho, arriving at the White House today for a luncheon engagement with President Roosevelt. Borah, long an ardent "Trust Buster", was expected to discuss the Anti-Monopoly Bill, now before the Senate, with the president, 1/28/38

Report of the committee on the resources of the town. The following report was presented to the Town at the May meeting; it was then ordered to be printed, and the consideration thereof referred to the adjournment on Thursday, 14th June, instant

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district of columbia washington dc glass negatives administration rfc guarantee loans guarantee loans business conference white house today senator james senator james m mead robert senator robert f wagner jesse jones jesse jones federal loan administrator federal loan administrator emil schram emil schram chairman rfc chairman president roosevelt president roosevelt measure resources reconstruction finance corporation reconstruction finance corporation gaurantee gaurantee loans senator mead sponser senate bill senate bill insurance plan us presidents white house united states history politics and government official white house photos public domain library of congress