Salt Lake Telegram | 1932-02-09 | Page 1 | Credit Debenture Sale Being Studied

Credit Debenture Sale Being Studied WASHINGTON Feb 9 Thc P administration is considering sellin sellina selling a part pait of the of reconstruction reconstruction recon recon- corporation debentures in small denominations directly to th the I public Although no definite decision has been made President Hoover was represented represented represented rep rep- resented today as feeling that such action might draw out of hiding moncy money mon mono ey cy which has been hoarded I The reconstruction finance corporation corpo corporatIon ration has available through direct appropriation and has I Ithe the authority to sell through the treasury treasury treas treas- ur ury in securities The securities it was s said ld would make an attractive investment for or the small sinaI investor because e not only would the financial power of the government be ac behind them but loans made by bythe bythe the he corporation must under the law be adequately secured hi bl hiI t I