RECONSTRUCTION
FINANCE CORPORATION
STORY OF A LOAN
(Received December 5, 1.15 p.m.)
WASHINGTON, December 4. of the Beconstruction Finance Corporation revealed today a loan of 90,000,000 dollars from the corporation to tho Central Eepublic Bank Trust Company, of Chicago, which is now in liquidation, and of which the former Vice-President, General Charles Gates Dawes was head. The loan matured on December 23,1932, and has not been renewed. The unpaid balance is 62,158,000 dollars. TOie remaining loan is considered a technical default. It was originally made in the latter part of June, 1932, about" two weeks after General Dawes resigned the presidency of the Eeconstruetion Corporation'itself in order to take over the affairs of the bank, which was then known to.be in a shaky condition. , „ The Reconstruction Finance Corporation figures published in Waslungton gave its advances to the nation's industries in the form of credit to date as 3,544,000,000 dollars. ,
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Bibliographic details
Evening Post, Volume CXVI, Issue 135, 5 December 1933, Page 9
Word Count
149RECONSTRUCTION Evening Post, Volume CXVI, Issue 135, 5 December 1933, Page 9
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