Farm Relief: Hearings, Seventy-second Congress, First Session |
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Page 28
... believe he ought to have just as good a deal as anybody else . But you have included in this bill for refinancing , a provision that would put land back of reserve notes . While the reserve bank is not within my province , there is the ...
... believe he ought to have just as good a deal as anybody else . But you have included in this bill for refinancing , a provision that would put land back of reserve notes . While the reserve bank is not within my province , there is the ...
Page 31
... believe that executive agents of the Gov- ernment can do something to increase commodity prices ? do . Mr. BESTOR . I think so . Senator THOMAS of Oklahoma . Tell the committee what they can Mr. BESTOR . I might make right there ...
... believe that executive agents of the Gov- ernment can do something to increase commodity prices ? do . Mr. BESTOR . I think so . Senator THOMAS of Oklahoma . Tell the committee what they can Mr. BESTOR . I might make right there ...
Page 32
... believe the Chicago price was about 57 cents yesterday . Senator THOMAS of Oklahoma . Well , what does the farmer get out of 57 cents a bushel wheat ? Mr. BESTOR . About 40 cents , I guess . Senator THOMAS of Oklahoma . What are oats ...
... believe the Chicago price was about 57 cents yesterday . Senator THOMAS of Oklahoma . Well , what does the farmer get out of 57 cents a bushel wheat ? Mr. BESTOR . About 40 cents , I guess . Senator THOMAS of Oklahoma . What are oats ...
Page 33
... believe that if the Federal Reserve Board will keep up this policy of buying bonds and putting money in circulation that very shortly the loans will all be paid back to the Federal reserve system by the banks , whereupon the banks will ...
... believe that if the Federal Reserve Board will keep up this policy of buying bonds and putting money in circulation that very shortly the loans will all be paid back to the Federal reserve system by the banks , whereupon the banks will ...
Page 35
... believe that in another year that number may not be trebled ? Mr. BESTOR . Well , it depends - of course , if you say at present commodity prices Senator SHIPSTEAD ( interposing ) . Yes . Mr. BESTOR ( Continuing ) . I would say the ...
... believe that in another year that number may not be trebled ? Mr. BESTOR . Well , it depends - of course , if you say at present commodity prices Senator SHIPSTEAD ( interposing ) . Yes . Mr. BESTOR ( Continuing ) . I would say the ...
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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 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 22 - ... action or otherwise, or the acceptance, release, or substitution of security therefor, or for the purpose of influencing in any way the action of the...
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 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 - Any and all notes, debentures, bonds, or other such obligations issued by the corporation shall be exempt both as to principal and interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) 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 - 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 ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal, or local taxation to the same extent according to its value as other real property is taxed.
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 5 - USC 1177(b)) is amended by inserting before the period at the end thereof a comma and the following: "and...
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.