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 36
... referred to is as follows :) We will be FEBRUARY 2 , 1932 . DEAR MR . CHAIRMAN : In your letter of December 14 , 1931 , addressed to the Farm Loan Commissioner , you requested that an analysis be made of bill S. 5109 which was ...
... referred to is as follows :) We will be FEBRUARY 2 , 1932 . DEAR MR . CHAIRMAN : In your letter of December 14 , 1931 , addressed to the Farm Loan Commissioner , you requested that an analysis be made of bill S. 5109 which was ...
Page 67
... - ment for the record . Senator FRAZIER . Let it be placed in the record . ( The statement referred to is as follows :) Statement showing amount of uncollected taxes for 1929 and percentage TO ESTABLISH AGRICULTURAL CREDIT SYSTEM 67.
... - ment for the record . Senator FRAZIER . Let it be placed in the record . ( The statement referred to is as follows :) Statement showing amount of uncollected taxes for 1929 and percentage TO ESTABLISH AGRICULTURAL CREDIT SYSTEM 67.
Page 77
... referred to Iowa as the greatest agricultural State in the Union , and that is conceded by the people of Iowa at least . But what I want to bring out : You in Iowa have practiced diversification of farming probably more than any other ...
... referred to Iowa as the greatest agricultural State in the Union , and that is conceded by the people of Iowa at least . But what I want to bring out : You in Iowa have practiced diversification of farming probably more than any other ...
Page 84
... referred to as phantom deposits . It is merely a fiction or paper affair . Senator THOMAS of Oklahoma . So that the banks , you might say , have plenty of credit money on deposit , but they do not have enough of real money to , in other ...
... referred to as phantom deposits . It is merely a fiction or paper affair . Senator THOMAS of Oklahoma . So that the banks , you might say , have plenty of credit money on deposit , but they do not have enough of real money to , in other ...
Page 92
... referred to and submitted by the witness is here printed in full as follows :) To all to whom these presents shall come : STATE OF NORTH DAKOTA , DEPARTMENT OF STATE . I , Robert Bryne , secretary of state of the State of North Dakota ...
... referred to and submitted by the witness is here printed in full as follows :) To all to whom these presents shall come : STATE OF NORTH DAKOTA , DEPARTMENT OF STATE . I , Robert Bryne , secretary of state of the State of North Dakota ...
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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.