Evening star., 1951-03-17
|AII RFC Borrowers
To Be Named !; Survey
Lists 19 D. {. Firms

Lists of all borrowers from tht
Reconstruction Finance Corp. dur.
ing the last year will be open fol
public inspection, agency directors
said today as survey showed Il
District firms have loans of $780,.
600 or more Zach outstanding.
RFC officials instructed theil
80 field Offices to compile name!
of all borrowers and amounts o.
loans grarted in 1850 and make
them available ior publication or
request.
| Because of a personnel cut from
$500 to $500 since November
the work cannot go back farther
than last year but it will provide
the first complete annual listing
since 1887. officials explained.
Since 1947, when Congress.
amended the RFC law, the agency
has been required to submit tt
Congress only once a year a lis
.of borrowers having more thar
100000 in loans outstanding a
the close of each fiscal year.
So Billion Out Last Year.
That material, previously no
available on a State-by-Stat,
basis, indicated that RFC had 81,
I088,175,0 900 in such loans out
standing last June 30. These in
cluded loan amounts as we'll a
insured mortgages and undis
ibursed authorizations by RMC il
amounts exceeding 100000.
i The overall total of RFC loar
balances of District firms wa
I$47,674,877.
Much of the material was gath
erred by the Congressional Quar-
Iterly which noted that the statu
of some loans listed for individual
concerns in the District and tht
various States may have changed
since June because of partial re-
payments or other developments
Besides the 10 borrowers listet
for the District, there were "a il
Maryland and As in Virginia. O.
the Maryland and Virginia Dor
rowers with loans still outstand
ing, 25 were in nearby commu
mites.
YMCA Listed as Borrower.
District concerns listed as hav'
ing business loans not paid bacl
as of last June were All American
Always. Inc. $642,700; Mayfair
Extension. Inc. $318,205; Will!
Lines. Inc, $l41 900; Windsor Co.
$1,099,000, and YMCA, $400,475.
The following District concern!
had loan balances outstanding il
the form of money authorized b.
RFC, but not fully disbursed by
the agency: Parking Services
Inc. $125.o00; Southern Hote
Supply Co.. $125,O0o; Marjorie
Webster Junior College, $150,O0o
District firms listed as having
unpaid balances on other RFC
loans and securities were Dunbar
House. Inc, s723,87o; Fairma>
Corp, $37,64O.423; Meridian Hill
Corp, $2,421,738, and Veterans
Coop Housing Association, 81.
2S7,463.
! Other Concerns. Listed.
The following District concern!
were listed as having undisbursec
authorization balances in FILA
insured mortgages last June 80
Oxon Terrace Apartments, ST..
100000: Parkwood Apartment!
Corp, S401 400; Parkwood Plaza
Inc. 81 ,640,0 Rock Greek Plaza
S9,897 800; University Hills. Inc.
I$2,630,000; Wharf. Inc. $517,1O0
Willston Apartments, Inc, ST..
I628, 900.
In Maryland. according to thu
compilation. the Glenn L. Martir
Co. had an unpaid business loar
balance of $2.983.6 .681 and an un.
fdisbursed authorization balance
of S13 million; the Haynes Litho.
graph Co. in Silver Spring had {
$l91 1874 unpaid loan balance, anc
the Edmonds Art Stone Co. anc
the Engineering & Research Corp.
both of Hyattsville, had unpaio
business loans of $179,432 anc
$24l GOT. respectively.
The Baltimore & Ohio Railroad
Co. was listed as having an un-
paid balance of $77,972,0O0 ir
other types of RFC loans anc
securities. The following nearby
Maryland concerns had authori-
cation balances in FILA insured
mortgages: Colebrook Manor, Inc.
1921 300; District Heights Apart.
ments. $930,000; Gemma Apart
ments, Inc. $155, 900; Glassmanor
Sec. c. Inc, $1,950,000; Hillcrest
Heights Apartments, $1,799,20O;
Langley Parks Apartments, Inc.
81 ,560,000; Roseland Gardens
Inc, 100000; Wharf, Inc, $685..
900; Gregory Estates, $3,184,0 900;
Marlboro Gardens, Inc, $1,845,-
900; Sligo Parkway Apartments
Inc, $753,3O0.
Virginia Firms Also Named.
Business loan unpaid balances
IN the nearby Virginia area, the
compilation showed, included
Alexandria Building Supplies Co.
100000; Alexandria Dairy Prod.
ucts Co.. Inc, $89,833; Comict
Products Corp, Alexandria, $1O6,.
500; John M. Campbell, Inc, Fall!
Church, S129,347.
Under the heading of undis-
bursed authorization balances or
FILA insured mortgages, Belle
View, Inc, Alexandria, had ST.
$4,000; Mason Arms, Inc, $3.50.
900, and Mason Hall Corp, ST.
1886, 100.
In the Arlington County area
these firms were listed: Fayette
Court, Inc, $419,4O0; jefferson
Gardens, Inc. $694.0O0; Shirley
Duke Apartments, $14,412, 800, anc
The Virginian, Inc. $2,1O6,000.