Show Agriculture Department Prize Boob Of Finance Secretary Hyde Says i WASHINGTON March 29 Sec W-Sec- Sec Sec- Hyde said in an interview toay to to- day ay that as a loan Joan agent the department depart depart- ment nent of agriculture was the prize boob in in the history of finance The secretary of agriculture made madeus his us statement in explaining that the department was handling agricultural loans instead of ot the Reconstruction Finance corporation because the corporation cor cor- oration is doing business on a business business busi- busi ness basis and loans that are arc re now being beng be be- ing ng made under tinder the name of agriculture ture ure cannot by the furthest stretch be e called good business He said aid the department now is lend lend- ing ng more money on thinner security and nd sustaining more losses than ever ever before in the history of money lending lend ing ins in inthe the world The department has lent more than in the last three weeks from the assigned it by the Reconstruction Reconstruction Re Re- construction Finance corporation act Applications for additional loans Joans are arc arriving at the rate of about a day There Isn't any way of getting out of it he said but face lace the the fact fact that we Vt have gone one into business over at atthe atthe atthe the agriculture department I r dont don't know what we are arc going to do with all this wheat and cotton Nobody seems to want wheat and cotton any anymore anymore anymore more and everybody seems to be raising rais rais- ing lag it |