Archive Report
Archive Report
Note
The right to reproduce material contained in Editorial Research Reports is strictly reserved to the newspaper clients of the service. Verbatim use of such material by others will be permitted only upon written authorization of the editor.
Richard M. Boeckel, Editor
Public Corporations as New Arm of Government
Congress, the Wallace Nomination, and the R.F.C.
Public corporations, owned in whole or in part by the Government of the United States, have increased rapidly in size and number during recent years. They now number more than 100 and have total assets in excess of $30 billion.1 Taken together, they have been characterized as “a fourth arm of the federal government.”
In successive emergencies—World War I, the depression, World War II—the government corporation has been found an elastic and efficient instrument ...