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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... REDUCED RATE OF INTEREST THROUGH THE FEDERAL FARM LOAN SYSTEM , THE FEDERAL RESERVE BANKING SYSTEM , AND THE POSTAL SAVINGS DEPOSITORY SYSTEM , AND CREATING A BOARD OF AGRICULTURE TO SUPERVISE THE SAME . FEBRUARY 2 , 3 , AND 5 , 1932 ...
... REDUCED RATE OF INTEREST THROUGH THE FEDERAL FARM LOAN SYSTEM , THE FEDERAL RESERVE BANKING SYSTEM , AND THE POSTAL SAVINGS DEPOSITORY SYSTEM , AND CREATING A BOARD OF AGRICULTURE TO SUPERVISE THE SAME . FEBRUARY 2 , 3 , AND 5 , 1932 ...
Page 1
... reduced rate of interest through the Federal farm loan system , the Federal reserve banking system , and the postal savings depository system , and creating a board of agriculture to supervise the same Be it enacted by the Senate and ...
... reduced rate of interest through the Federal farm loan system , the Federal reserve banking system , and the postal savings depository system , and creating a board of agriculture to supervise the same Be it enacted by the Senate and ...
Page 2
... reduced 10 per centum each year . SEC . 5. The funds with which to liquidate , refinance , and take up existing farm mortgages and other farm indebtedness shall be provided by the issuing of farm loan bonds by the Federal farm loan ...
... reduced 10 per centum each year . SEC . 5. The funds with which to liquidate , refinance , and take up existing farm mortgages and other farm indebtedness shall be provided by the issuing of farm loan bonds by the Federal farm loan ...
Page 11
... reduce his indebted- ness by three - fifths . And that must be done if we are to have an agricultural class in this country , because the present existing in- debtedness under present conditions means that that is out of the question ...
... reduce his indebted- ness by three - fifths . And that must be done if we are to have an agricultural class in this country , because the present existing in- debtedness under present conditions means that that is out of the question ...
Page 16
... reduce the prices of all the articles that are fixed arbitrarily by a method of increasing the currency . you be able to buy an Eastman kodak any cheaper ? Will you be able to buy a Ford tractor any cheaper ? Or will you freight rates ...
... reduce the prices of all the articles that are fixed arbitrarily by a method of increasing the currency . you be able to buy an Eastman kodak any cheaper ? Will you be able to buy a Ford tractor any cheaper ? Or will you freight rates ...
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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.