Farm Credit Administration to replace several agencies
President creates the Farm Credit Administration to coordinate farmer loans, with Henry Morgenthau Jr. as governor and Paul Bestor as commissioner. The order abolishes farm stabilization activities, preserves only liquidations, and places all employees under civil service. Claims of administrative savings and unified policy accompany the move while broader debt talks and international economic questions loom.
MENTIONED IN THIS ARTICLE
Farm Credit Administration
Federal Farm Board
Federal Farm Loan Board
Farm Credit
Henry
Vre
Henry Morgenthau, Jr
Paul Bestor
Morgenthau
Department, of Agriculture
R. F.C
Farm Board
Credit Administration
Congress
Roosevelt
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