Farm Relief: Hearings, Seventy-second Congress, First Session |
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Page 46
... . Did they hoard back in 1918 and 1919 ? Mr. BESTOR . No. Mr. SIMPSON . Is it not a fact that when you make the dollar cheap , that money is not hoarded at all ? Mr. BESTOR . Well , it would have a tendency 46 FARM RELIEF.
... . Did they hoard back in 1918 and 1919 ? Mr. BESTOR . No. Mr. SIMPSON . Is it not a fact that when you make the dollar cheap , that money is not hoarded at all ? Mr. BESTOR . Well , it would have a tendency 46 FARM RELIEF.
Page 47
... dollar have to go down ? Mr. BESTOR . Surely . Mr. SIMPSON . Then is there anything unsound in the principles of a bill that provides for a bigger crop of money that will make the value of the dollar come down in purchasing power ? Mr ...
... dollar have to go down ? Mr. BESTOR . Surely . Mr. SIMPSON . Then is there anything unsound in the principles of a bill that provides for a bigger crop of money that will make the value of the dollar come down in purchasing power ? Mr ...
Page 49
... dollars have been loaned to the shipping interests of the country from three - eights to five - eights of 1 per cent in the last few years . Do you see any group discrimination there ? Mr. BESTOR . I do not know enough about the ...
... dollars have been loaned to the shipping interests of the country from three - eights to five - eights of 1 per cent in the last few years . Do you see any group discrimination there ? Mr. BESTOR . I do not know enough about the ...
Page 52
... dollar . It does not seem to have dawned on the Congress yet that the only way you can get a nickel is out of a dollar that goes by . It does not seem to have dawned on the Congress yet and on you gentlemen who are in positions of re ...
... dollar . It does not seem to have dawned on the Congress yet that the only way you can get a nickel is out of a dollar that goes by . It does not seem to have dawned on the Congress yet and on you gentlemen who are in positions of re ...
Page 63
... dollar , and is necessary to maintain and protect his interests when prices start rising again as well as to defend them when prices are declining . In conclusion , the very low incomes of farmers are due to four fundamental conditions ...
... dollar , and is necessary to maintain and protect his interests when prices start rising again as well as to defend them when prices are declining . In conclusion , the very low incomes of farmers are due to four fundamental conditions ...
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Common terms and phrases
acreage agricultural commodity agricultural marketing act allotment plan amended amount BESTOR Board of Trade bonds borrow BOWEN BRENCKMAN bushels cent CHAIRMAN Clearing Corporation committee Congress cooperative associations cost of production crop debenture plan dollar domestic effect ELBERT equalization fee farm organizations Farmers National Grain Federal Farm Board Federal Farm Loan Federal reserve bank Federal Reserve Board Federal reserve notes financing Frazier bill going Government grain futures act GRAY increase issue LEMKE livestock marketing agreements marketing period McNary National Grain Corporation O'NEAL operation present President price level purchase question rate of interest regulations respect Secretary of Agriculture sell Senator BANKHEAD Senator BROOKHART Senator FRAZIER Senator NORBECK Senator NORRIS Senator SHIPSTEAD Senator THOMAS SIMPSON Stabilization Corporation stabilization fund statement STONE surplus tariff THATCHER thereof thing THOMAS of Oklahoma tion Treasury United wheat
Popular passages
Page 20 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 20 - ... in the Treasury not otherwise appropriated, and thereupon to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights of the holders of such bonds.
Page 20 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 6 - Agriculture," approved October 1, 1890, is amended by adding at the end thereof a new paragraph to read as follows...
Page 20 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued, under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 12 - Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That it is hereby declared to be the policy of the Congress...
Page 20 - The engraved plates, dies, bed pieces and so forth executed in connection therewith shall remain in the custody of the Secretary of the Treasury. The...
Page 111 - SEC. 21. (a) All general penal statutes relating to the larceny, embezzlement, conversion, or to the improper handling, retention, use, or disposal of public moneys or property of the United States, shall apply to the moneys and property of the Corporation and to moneys and properties of the United States intrusted to the Corporation.
Page 19 - ... it shall have power to adopt, alter, and use a corporate seal ; to make contracts ; to purchase or lease and hold...
Page 17 - ... interest per annum equal to the lowest rate of yield (to the nearest one-eighth of 1 per centum) of any Government obligation bearing a date of issue subsequent to April 6, 1917 (except postal-savings bonds), and outstanding at the time the loan agreement is entered Into or the advance is made by the board, as certified by the Secretary of the Treasury to the board upon its request: Provided, That in no case shall the rate exceed 4 per centum per annum on the unpaid principal.