To Establish an Efficient Agricultural Credit System: Hearings Before a Subcommittee of the Committee on Agriculture and Forestry, United States Senate, Seventy-second Congress, First Session on S. 1197Considers legislation to establish a Federal liquidation and low interest rate refinancing program for farm mortgages. |
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Page 1
... necessary rules and regulations for the carrying out of the purposes of this act with expedition . Such loans to be made at a rate of 12 per centum interest and 12 per centum principal per annum . SEC . 4. The Federal Farm Loan Board is ...
... necessary rules and regulations for the carrying out of the purposes of this act with expedition . Such loans to be made at a rate of 12 per centum interest and 12 per centum principal per annum . SEC . 4. The Federal Farm Loan Board is ...
Page 2
... necessary traveling expenses while on official business , to be paid by the United States Government in the manner now provided for the payment of salaries of Members of Congress . SEC . 12. The Federal Farm Loan Board is hereby ...
... necessary traveling expenses while on official business , to be paid by the United States Government in the manner now provided for the payment of salaries of Members of Congress . SEC . 12. The Federal Farm Loan Board is hereby ...
Page 3
... necessary or convenient , and shall elect a president and a secretary and make arrangements for such other and future conventions as they may deem necessary , and they shall at all times cooperate and assist the board of agriculture ...
... necessary or convenient , and shall elect a president and a secretary and make arrangements for such other and future conventions as they may deem necessary , and they shall at all times cooperate and assist the board of agriculture ...
Page 8
... necessary for the people to eat , should not get money on the same terms . So we feel if the New York bankers are to get money at 12 per cent , the farmers of the Nation are entitled to the same rate of interest . Therefore this bill ...
... necessary for the people to eat , should not get money on the same terms . So we feel if the New York bankers are to get money at 12 per cent , the farmers of the Nation are entitled to the same rate of interest . Therefore this bill ...
Page 9
... ; when our fathers filed claims on those lands they were filled with high hopes and aspirations , and they were willing to undergo the necessary hard- ships and trials . But now when there is a TO ESTABLISH AGRICULTURAL CREDIT SYSTEM 9.
... ; when our fathers filed claims on those lands they were filled with high hopes and aspirations , and they were willing to undergo the necessary hard- ships and trials . But now when there is a TO ESTABLISH AGRICULTURAL CREDIT SYSTEM 9.
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Common terms and phrases
12 per cent acres agriculture amount annum average bankers BESTOR billion bushel census cent interest centum Chairman circulation cities committee condition Congress corporation farms crop debt deflation dollar EVERSON farm indebtedness farm land Farm Loan Board farm loan system farm mortgages Federal Farm Loan Federal land bank Federal reserve act Federal reserve banks Federal Reserve Board Federal reserve notes foreclosure Frazier bill full as follows going gold Government HOWARD HYDE Iowa KENNEDY legislation LEMKE liquidation and refinancing livestock ment Minnesota mortgages on farms Nation North Dakota paid postal savings depository present President printed in full question rate of interest resolution ROGERS SCHULTHEISS sell Senator FRAZIER Senator HATFIELD Senator MCGILL Senator NYE Senator SMITH Senator THOMAS SIMPSON statement subcommittee TALBOTT thing THOMAS of Idaho THOMAS of Oklahoma to-day United wheat Wisconsin YOUNG
Popular passages
Page 120 - You may put it into the record. (The document referred to and submitted by the witness is here printed in full as follows...
Page 68 - Le Sueur, Lincoln, Lyon. McLeod, Mahnomen, Marshall, Martin, Meeker, Mille Lacs. Morrison. Mower, Murray. Nicollet. Nobles. Norman, Olmsted, Otter Tail, Pennington, Pine. Pipestone, Polk, Pope. Ramsey, Red Lake, Redwood. Renville. Rice, Rock. Roseau. St. Louis. Scott.
Page 62 - I am going to do my part to get rid of that. (At this point followed informal discussion, which the reporter was directed not to record, at the conclusion of which the following occurred : ) Mr.
Page 36 - Mr. Chairman and gentlemen of the committee, I appreciate very much this opportunity of discussing this matter with the members of the committee on behalf of the 12 counties that I represent.
Page 95 - Now, therefore, be it Resolved by the House of Representatives of the State of Minnesota, the Senate concurring, That the Congress of the United States be, and it is hereby...
Page 95 - That the President of the United States and the Congress of the United States...
Page 93 - Now, therefore, be it Resolved, by the Senate of the State of North Dakota (the House of Representatives concurring therein), That the...
Page 3 - President to canvass said votes immediately, and if a majority of them be found to be for this act, to forthwith issue his proclamation giving notice of the fact ; and this act shall only be in full force and effect on and after the day of such proclamation.
Page 95 - That a copy of this memorial, duly authenticated, be sent by the secretary of state to the Senate and House of Representatives of the United States and to each of the Senators and Representatives of Montana in Congress.
Page 2 - Federal reserve bank, domestic or foreign, to the trustees of the postal savings depository system or to the Treasurer of the United States. And it shall be the duty of the Federal reserve banks to invest their available surplus and net profits, after the dividends are paid to their stockholders, in such farm loan bonds.