Loans to railroads have my approval. Jesse Jones. Washington, D.C., July 14, Antique Print

Drawn from the Library of Congress archive, this print depicts Loans to railroads have my approval. Jesse Jones. Washington, D.C., July 14. The Library holds one of the most comprehensive collections of American and international historical prints in the world.

Library of Congress record: Created 1939 July 14 Title from unverified caption data received with the Harris & Ewing Collection. Gift; Harris & Ewing, Inc. 1955. General information about the Harris & Ewing Collection is available at Loans to railroads have my approval: Jesse Jones. Washington, D.C., July 14. Federal Loan Administrator Jesse Jones today told the Senate Banking and Currency Committee that he approved as 'highly desirable' loans to railroads to permit refinancing of their securities with lower interest rates. The loans should be made, Jones said, only if the railroads give bondholders preferred stock equivalent to the difference between the par value of the bonds and the price at which the.

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