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Show R.F.C. Loans for Utility Purchase WASHINGTON, June 28 (U.Rt Reconstruction Finance Corporation Corpora-tion Chairman Jesse Jones offered offer-ed the billion dollar facilities of the RFC today to cities and states seeking to purchase the distributing distri-buting lines of private utility companies. com-panies. While Jones limited the RFC offer with the statement, "we're not going into this business as a business," special significance was attached to the fact that the corporation cor-poration has agreed to lend $5,800,000 to the city of Knox-ville, Knox-ville, Tenn., for the purchase of power lines which otherwise might be duplicated by the Tennessee Ten-nessee Valley Authority. Jones' statement was interpreted interpret-ed as meaining that the government govern-ment does not intend to enter the private squabbles of individual cities with their own utility systems. sys-tems. 1 |