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'
Summary
A black and white photo of two men in suits, Library of Congress Harris and Ewing collection
Title from unverified caption data received with the Harris & Ewing Collection.
Gift; Harris & Ewing, Inc. 1955.
General information about the Harris & Ewing Collection is available at http://hdl.loc.gov/loc.pnp/pp.hec
Temp. note: Batch five.
The Harris & Ewing, Inc. Collection of photographic negatives includes glass and film negatives taken by Harris & Ewing, Inc., which provide excellent coverage of Washington people, events, and architecture, during the period 1905-1945. Harris & Ewing, Inc., gave its collection of negatives to the Library in 1955. The Library retained about 50,000 news photographs and 20,000 studio portraits of notable people. Approximately 28,000 negatives have been processed and are available online. (About 42,000 negatives still need to be indexed.)
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