Jesse Jones, Bottleneck

Straight, Michael
December 1941
New Republic;12/26/41, Vol. 105 Issue 26, p881
Alleges Jesse Jones, the U.S. Federal Loan Administrator, for the defeat of the U.S. Navy at Pearl Harbor, Hawaii. Charge that Jones arrogated to himself all power over the planning and construction of new factories and plants producing for the war effort and that this power has been misused; Account of the constructive efforts of the Chairman of Reconstruction Finance Corp., Emil Schram; Formation of Defense Plant Corp.; Opposition of the DPC by Jones; Recapture of the RFC and its subsidiaries by Jones; Cessation of the armament expansion program; Order of unavailability of rubber for civilians; Failure of Jones to induce production of rubber; Description of problems posed by Jones before the DPC by manipulating the contracts of aluminum, magnesium and steel production; View that if the U.S. has to win the war the power of procurement must at once be placed in a responsible production authority.


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