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 3
... operated a farm as a tenant for at least three years prior to the passage of this act . SEC . 18. The executive committee of the board of agriculture shall have power in case of crop failures , and in other meritorious cases , to extend ...
... operated a farm as a tenant for at least three years prior to the passage of this act . SEC . 18. The executive committee of the board of agriculture shall have power in case of crop failures , and in other meritorious cases , to extend ...
Page 14
... operate it is the machinery that already exists . No new machinery is created , except a board to watch it to see that it is properly carried out , and that board is elected by the farmers . I am sure no person can ask less ...
... operate it is the machinery that already exists . No new machinery is created , except a board to watch it to see that it is properly carried out , and that board is elected by the farmers . I am sure no person can ask less ...
Page 24
... operated by the owners and an increase in the ratio of the mortgage to the value of the farm . It shows it not only for the last 10 years , but for the last 20 years . I can get that information and tabulate it if the committee wants it ...
... operated by the owners and an increase in the ratio of the mortgage to the value of the farm . It shows it not only for the last 10 years , but for the last 20 years . I can get that information and tabulate it if the committee wants it ...
Page 43
... operate on that basis . You also provide that those who have been foreclosed since 1920 might come back and borrow the amount that was involved , plus all accumulations . In that case , it might be double the original loan on the farm ...
... operate on that basis . You also provide that those who have been foreclosed since 1920 might come back and borrow the amount that was involved , plus all accumulations . In that case , it might be double the original loan on the farm ...
Page 63
... operated by tenants for each of those 10 - year periods ; the value of land and buildings for each of those 10 - year periods- Senator HATFIELD . You are dealing with the nine States ? Mr. HYDE . No. I am dealing with every State in the ...
... operated by tenants for each of those 10 - year periods ; the value of land and buildings for each of those 10 - year periods- Senator HATFIELD . You are dealing with the nine States ? Mr. HYDE . No. I am dealing with every State in the ...
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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.