Monday, Jul. 04, 1938

The Government's Week

Last week the U. .S. Government did the following for and to U. S. Business:

P: Picked six representatives from the executive branch to sit on the temporary National Economic Committee (Monopoly Investigation) with six representatives of the legislative branch, picked last fortnight.

P: Began to pour out to industry the first loans from the $3,722,905,000 Lend-Spend bill signed by President Roosevelt.

P: Bought (through RFC: for $2,000,000) the C. & O. canal from Georgetown, D. C., to Cumberland, Md., enabling hard-pressed B. & O. to meet its interest payments for July.

P: Agreed on a standard method of bank examinations.

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