TITLE

Jesse Jones Still at It

AUTHOR(S)
Fuller, Belen
PUB. DATE
June 1942
SOURCE
New Republic;6/15/42, Vol. 106 Issue 24, p825
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Focuses on the futility of Jesse Jones, head of Reconstruction Finance Corp. (RFC) to hold up to the war ignoring the issues of economic-warfare front and retarding the tasks of the Board of Economic Warfare (BEW). Establishment of BEW without providing it any authority; Reason behind conflicts between BEW and RFC; BEW given directive power over the existing government programs through which it had to operate and direct various RFC associated corporations; Lack of cooperation from some parts of RFC namely Rubber Reserves Corp. (RRC) and Metals Reserves Corp. (MRC). Blame on Will Clayton, a rich businessman and an old friend of Jones, for failure of RRC and MRC due to his antiquated economic ideas; Lack of understanding of the problems facing adequate rubber-supply; Shortage of numerous metals and failure of MRC to solve the problem; Needs to develop tricks in order to match with the Axis Power on economic warfare front.
ACCESSION #
14691869

 

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