Farm Relief: Hearings, Seventy-second Congress, First Session |
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Results 1-5 of 78
Page 27
... going to destroy land values and destroy the values for the insurance companies and everybody else ? Mr. BESTOR . Would it be better , Senator , for the bank to do that or to go into receivership ? Which would be better for the farmer ...
... going to destroy land values and destroy the values for the insurance companies and everybody else ? Mr. BESTOR . Would it be better , Senator , for the bank to do that or to go into receivership ? Which would be better for the farmer ...
Page 28
... going to happen if you so change our financial system so that instead of having gold and other liquid securities back of reserve notes you issue reserve notes on the basis of unsound loans on land . That is what this provides . Senator ...
... going to happen if you so change our financial system so that instead of having gold and other liquid securities back of reserve notes you issue reserve notes on the basis of unsound loans on land . That is what this provides . Senator ...
Page 29
... going to be in debt for his entire farm ? to Senator BROOKHART . So you lend him 50 per cent , and the high interest rate soon gets his other 50 per cent of value , and then call that a sound system ? Mr. BESTOR . Well , I think there ...
... going to be in debt for his entire farm ? to Senator BROOKHART . So you lend him 50 per cent , and the high interest rate soon gets his other 50 per cent of value , and then call that a sound system ? Mr. BESTOR . Well , I think there ...
Page 34
... going on this way for some time . Should not the Government take notice of that and see the need of agriculture and give him some relief along that line ? Mr. BESTOR . Well , of course , there are many sections of the United States ...
... going on this way for some time . Should not the Government take notice of that and see the need of agriculture and give him some relief along that line ? Mr. BESTOR . Well , of course , there are many sections of the United States ...
Page 36
... going rediscount rate , that has been as low as 2 per cent . What is it now ? Senator HATFIELD . Two and a half . Senator SHIPSTEAD . They get the money from the Government at the rate of 90 cents per $ 1,000 , and they loan the money ...
... going rediscount rate , that has been as low as 2 per cent . What is it now ? Senator HATFIELD . Two and a half . Senator SHIPSTEAD . They get the money from the Government at the rate of 90 cents per $ 1,000 , and they loan the money ...
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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.