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Seward Daily Gateway
Seward, Seward County, Alaska
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U.S. Senate committee to investigate all loans by Federal Reconstruction Finance Corporation, focusing first on $80 million loan to Central-Republic Bank of Chicago, led by ex-RFC chairman Charles Gates Dawes.
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WASHINGTON, July 16. - An investigation into every loan made thus far by the Federal Reconstruction Finance Corporation will be made by a committee of the Senate. Topping the list of loans to be probed is one of $80,000,000 made to the Central-Republic Bank of Chicago, of which Charles Gates Dawes is president. Until recently Dawes was chairman of the Reconstruction Finance Corporation but he resigned from that position to reenter the banking business.
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Domestic News Details
Primary Location
Washington
Event Date
July 16
Key Persons
Event Details
An investigation into every loan made thus far by the Federal Reconstruction Finance Corporation will be made by a committee of the Senate. Topping the list of loans to be probed is one of $80,000,000 made to the Central-Republic Bank of Chicago, of which Charles Gates Dawes is president. Until recently Dawes was chairman of the Reconstruction Finance Corporation but he resigned from that position to reenter the banking business.