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Story
January 4, 1952
The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
President Truman announced he will accept Stuart Symington's resignation as head of the Reconstruction Finance Corporation later this month, after Symington's six-year tenure cleaning up political influence scandals. Symington plans to return to private business.
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Truman Requests Resignation RFC Head Symington
WASHINGTON, (AP) - Stuart Symington, an ace pinch-hitter for the Truman administration for six years, will bow out in a few weeks as head of the Reconstruction Finance Corporation, probably taking a sizable slice of top RFC officials with him.
President Truman told his news conference Thursday he expects to accept a resignation from Symington later this month. Symington is planning to return to private business.
Symington and his housecleaning crew took over the big government lending agency last May when it was a storm center. A Senate subcommittee had charged the RFC to yielding to a political influence ring with White House contacts.
Symington was out of town and not available for comment, but his close associates made it clear the abruptness of Mr. Truman's announcement took them by surprise.
WASHINGTON, (AP) - Stuart Symington, an ace pinch-hitter for the Truman administration for six years, will bow out in a few weeks as head of the Reconstruction Finance Corporation, probably taking a sizable slice of top RFC officials with him.
President Truman told his news conference Thursday he expects to accept a resignation from Symington later this month. Symington is planning to return to private business.
Symington and his housecleaning crew took over the big government lending agency last May when it was a storm center. A Senate subcommittee had charged the RFC to yielding to a political influence ring with White House contacts.
Symington was out of town and not available for comment, but his close associates made it clear the abruptness of Mr. Truman's announcement took them by surprise.
What sub-type of article is it?
Historical Event
Biography
What themes does it cover?
Fortune Reversal
Justice
What keywords are associated?
Truman Administration
Symington Resignation
Reconstruction Finance Corporation
Political Influence
Government Lending
What entities or persons were involved?
Stuart Symington
President Truman
Where did it happen?
Washington
Story Details
Key Persons
Stuart Symington
President Truman
Location
Washington
Event Date
Last May
Story Details
Stuart Symington, after six years leading the RFC and cleaning up political scandals, will resign later this month to return to private business, surprising his associates with Truman's abrupt announcement.