Hearing[s] Before the Committee on Agriculture, House of Representatives, Seventy-second Congress, First[-second] Session ...: Agricultural credit corporations. Feb. 10-12, 1932U.S. Government Printing Office, 1932 - Agriculture |
Common terms and phrases
40 per cent able additional ADKINS agencies agricultural credit corporations amount ANDRESEN application assist attorney fee average rate banker basis bill borrow money capital stock CHAIRMAN CLARKE committee communities Congress connection course credit associations credit facilities credit institutions crop debentures Department of Agriculture drought expense Farm Bureau Farm Loan Federal intermediate credit Federal land bank Federal reserve FULMER funds furnish give glad going Government HAUGEN individual interest rate intermediate credit banks intermediate credit system June 15 KETCHAM KLEBERG LARSEN lend livestock loan companies maximum McDONALD mediate credit banks NELSON obtain OLSEN operation organization paid paper production proposed purpose rate charged rate of interest Reconstruction Finance Corporation rediscount San Luis Valley Secretary of Agriculture sections sell set-up SHERRILL situation statement subscribe subscription Texas thing tion understand WALL want to ask
Popular passages
Page 32 - I would like to state that the representatives of the National Grange, the American Farm Bureau Federation, and the Farmers' Union would like to be heard next Tuesday Mr.
Page 65 - Any person who shall knowingly make any material false representation for the purpose of obtaining an advance or loan, or in assisting in obtaining such advance or loan under this section shall, upon conviction thereof, be punished by a fine of not exceeding $1,000 or by imprisonment not exceeding six months, or both.
Page 50 - Mr. Chairman and gentlemen of the committee, it seems to me that there are practically two major questions that are before the committee, either of which may at least decide the contest.
Page 42 - ... matters pertaining to agriculture. He has had a wide experience and has done a great deal of work in that connection, and I would like to have him make a statement for us. Mr. McDonald. STATEMENT OF JE McDONALD, COMMISSIONER, DEPARTMENT OF AGRICULTURE, STATE OF TEXAS, AUSTIN, TEX. Mr. MCDONALD. Mr. Chairman and members of the committee, I just happened to be in the city on some other business, attending a meeting of the agricultural bureaus, and if there is any question which you want to ask...
Page 65 - A first lien on all crops growing, or to be planted and grown, shall in the discretion of the Secretary of Agriculture, be deemed sufficient security for such loan or advance.
Page 32 - We will now adjourn until to-morrow morning at 10 o-clock. (Thereupon, at 12 o-clock noon, an adjournment was taken until 10 o-clock am, of the following day...
Page 65 - Insurance Corporation. Every individual, partnership, association, or corporation violating this subsection shall be punished by a fine of not exceeding $1,000, or by imprisonment not exceeding one year, or both.
Page 33 - FEBRUARY 11, 1932 HOUSE OF REPRESENTATIVES, COMMITTEE ON AGRICULTURE, Washington, DC (The committee this day met, Hon. Marvin Jones, chairman, presiding.) The CHAIRMAN. The committee will come to order, please.
Page 62 - by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of Agriculture be, and he is hereby, authorized and directed to collect and publish statistics of the quantity of leaf tobacco in all forms in the United States, in the possession of dealers, manufacturers, growers' cooperative associations, warehousemen, brokers, holders, or owners, other than the original growers of tobacco.
Page 58 - But the law gives them authority to make ten times as much in loans as their capital stock amounts to. That greatly increases the borrowing capacity through that system. Now, there is one thing that I would like to call to the committee's attention in connection with organization of the local credit corporations, and that is the amount that would be required, which we think would be required and which we think is a grave mistake, to require the corporation to subscribe 40 per cent of the capital.