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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Myrtle Point Herald
Location
Myrtle Point, Oregon, United States of America
Date
Jul 24, 1947
Page
3
A historical discussion on the 1930s RFC policy under Mr. Hoover. It critiques conservative bankers for failing to restore confidence and notes how fear of cash on hand influenced deposit behavior. It argues for a vigorous liberal loan approach to revive the economy.
A long reminiscence on Bandon seeding recovery after RFC loan rejections. It notes the town rebuilt after fire losses, paid debts in ten years, and grew cranberry and lily bulb industries. It defends RFC as a useful tool when properly supervised and calls for careful merchant shipping policy.
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