On the record
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After investigation I have found and hereby declare that each reorganization included in Reorganization Plan No. 1 of 1951 is necessary to accomplish one or more of the purposes set forth in section 2(a) of the Reorganization Act of 1949.

Under the reorganization plan, the Loan Policy Board promulgates general policies which shall govern the granting and denial of applications for financial assistance by the Corporation.

The reorganization plan is especially important at this time of national emergency.

To the Congress of the United States:I transmit herewith Reorganization Plan No. 1 of 1951, prepared in accordance with the Reorganization Act of 1949.

The reorganization plan provides strengthened administration of the Reconstruction Finance Corporation by placing in a single Administrator of the Reconstruction Finance Corporation the functions of the present Board of Directors.

Specifically, the provision in the reorganization plan for a financial assistance procedure governing the processing of applications in excess of $100,000 to any borrower strengthens and gives statutory prescription to an administrative…

IN MY JUDGMENT, THE PUBLIC INTEREST REQUIRES THAT Arthur A. Quinn be exempted from compulsory retirement for age

General Marshall's testimony is in line with what I believe, and that is the reason he made the statement.

No, I think the Commanding General of the Far East Command has all the authority necessary to carry on the military operations.

I am not an expert on that, and I can't answer that question.

They are still in conference, and I have no comment to make on that.

I have no comment. I think there is more in the papers about that than any comment I could make.

If Mr. Wilson and his Defense Production people feel that that legislation is necessary, I shall ask for it.

The Stabilization people are working on that now, and I have done everything I can at the present time.

I think that would be a good appointment, if we can get him to do it.







