Reorganization Plan No. 24 of 1950: Hearings Before the Committee on Expenditures in the Executive Departments, United States Senate, Eighty-first Congress, Second Session, on S. Res. 290 Disapproving Reorganization Plan No. 24, Transferring the Reconstruction Finance Corporation to the Department of Commerce. June 14 and 15, 1950United States. Congress. Senate. Committee on Expenditures in the Executive Departments, United States. Congress. Senate. Committee on Government Operations U.S. Government Printing Office, 1950 - 96 pages |
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... Statement of- Amberg , Harold V. , vice president and general counsel , the First Na- tional Bank of Chicago ... statement from Congressional Record , Feb- ruary 15 , 1945 , page 1163 .. George , Hon . Walter F. , statement from ...
... Statement of- Amberg , Harold V. , vice president and general counsel , the First Na- tional Bank of Chicago ... statement from Congressional Record , Feb- ruary 15 , 1945 , page 1163 .. George , Hon . Walter F. , statement from ...
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... statement and appendix__ . Review and Outlook - The RFC Should Know , article from Wall Street Journal , May 29 , 1950_ Schram , Emil , president , New York Stock Exchange , telegram from , dated June 13 , 1950 , to Hon . J. William ...
... statement and appendix__ . Review and Outlook - The RFC Should Know , article from Wall Street Journal , May 29 , 1950_ Schram , Emil , president , New York Stock Exchange , telegram from , dated June 13 , 1950 , to Hon . J. William ...
Page 3
... STATEMENT OF HON . J. WILLIAM FULBRIGHT , A UNITED STATES SENATOR FROM THE STATE OF ARKANSAS Senator FULBRIGHT . Mr. Chairman , I appreciate the opportunity to come before the committee . I have some notes written , not a complete ...
... STATEMENT OF HON . J. WILLIAM FULBRIGHT , A UNITED STATES SENATOR FROM THE STATE OF ARKANSAS Senator FULBRIGHT . Mr. Chairman , I appreciate the opportunity to come before the committee . I have some notes written , not a complete ...
Page 7
... statement , but as far as you can determine at this time , whatever your investigation may have revealed with reference to the RFC with refer- ence to its policies and its operations in general , whatever your investi- gation may have ...
... statement , but as far as you can determine at this time , whatever your investigation may have revealed with reference to the RFC with refer- ence to its policies and its operations in general , whatever your investi- gation may have ...
Page 10
... statements of the Treasury the RFC obligations have always appeared as though they had the same significance as any other un- expended funds belonging to the Government . The terms of RFC's financing have always been such as to leave ...
... statements of the Treasury the RFC obligations have always appeared as though they had the same significance as any other un- expended funds belonging to the Government . The terms of RFC's financing have always been such as to leave ...
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activities administration agriculture authority Banking and Currency basic believe bipartisan Board of Directors borrowers Budget business loans Cabinet officer certainly CHAIRMAN Citizens Committee Commerce Department Commission's Congress Congressional Record coordination Currency Committee Department of Commerce direct loans effect executive branch Executive Departments Fannie Mae February 15 Federal Business Enterprises Federal Loan Administrator Federal Reserve functions funds give GUNDERSON hearings Home Finance Agency Hoover Commission Housing and Home independent agency interpretation Jesse Jones legislation lending agencies lending powers matter MCCORMICK ment merce National Mortgage Association operations opinion organization pending policy guidance present President President's proposed question reason recommendation Reconstruction Finance Corporation reference Reorganization Plan report on Federal responsibility RFC's Secretary of Commerce Secretary SAWYER seems Senator FULBRIGHT Senator MUNDT Senator SCHOEPPEL small business statement STAUFFACHER supervision thing tion transfer Treasury Department words
Popular passages
Page 2 - Prepared by the President and transmitted to the Senate and the House of Representatives in Congress assembled, April 24, 1958, pursuant to the provisions of the Reorganization Act of 1949, approved June 20, 1949, as amended CIVILIAN MOBILIZATION SECTION 1.
Page 94 - Interior may from time to time make such provisions as he shall deem appropriate authorizing the performance by any other officer, or by any agency or employee, of the Department of the Interior of any function of the Secretary, Including any function transferred to the Secretary by the provisions of this reorganization plan.
Page 51 - Direct lending by' the Government to persons or enterprises opens up dangerous possibilities of waste and favoritism to individuals or enterprises. It invites political and private pressure, or even corruption. Emergencies may arise in depression, war, national defense, or disaster which must be met in this way. But direct lending should be absolutely avoided except for emergencies.
Page 91 - Chairman, and three additional persons appointed by the President of the United States by and with the advice and consent of the Senate. Of the five members of the Board, not more than three shall be members of any one political party.
Page 94 - That the management of the Corporation shall be vested in a board of directors, consisting of...
Page 69 - Corporation) does not alter its characteristics so as to make it something other than what it actually is, an agency selected by the government to accomplish purely governmental purposes.
Page 56 - The numerous agencies of the executive branch must be grouped into departments as nearly as possible by major purposes in order to give a coherent mission to each department.
Page 52 - Act, as amended, is amended — ( 1 ) by striking out the period at the end of "paragraph (5) "and inserting in lieu thereof "; and"; and (2) by adding after paragraph (5) a new paragraph as follows: "(6) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to assist...
Page 55 - The executive branch is not organized into a workable number of major departments and agencies which the President can effectively direct, but is cut up into a large number of agencies which divide responsibility and which are too great in number for effective direction from the top.
Page 6 - Attempts to influence the business judgments of RFC by the use of political influence, even though well intended, are a constant menace to sound administration. While the general policies of the RFC, like those of other Government agencies, should be reviewed and coordinated by the President, this general review should not extend to particular loans. The business decisions of RFC should be the independent judgments of its Board of Directors.