The Archive · 1932

U, S. Reconstruction Corporation

Washington, July 26.

President Hoover to-day appoint~ ed Mr. Atlee Pomerene, who was at one time Senator for Ohio in the Democratic interest, to succeed General Charles G. Dowes as chairman of the Reconstruction Finance Corporation.

The Corporation, whose ca paci was recently. increased to $3,000, 900,000 wes formed to facilitate the extension of credit and thus to hasten the recovery of industry.

General Dawes, who had previously been Ambassador at London, resigned his post ax chairman of the Corporation t" return to his banking business in Chicago.

His successor, a prominent law-' yer, was one of the two attorneys appointed by President Coolidge to prosecute in the "oil eases" in 1924.

is 68 years of age and in the course of his career has occupied the office of Lieutenant-Governor of Ohio, his native State—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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