Federal Refinancing of Farm Land Indebtedness: Hearings Before the Committee on Banking and Currency, United States Senate, Seventy-second Congress, Second Session, on S. 1197, a Bill to Liquidate and Refinance Agricultural Indebtedness and to Encourage and Promote Agriculture, Commerce, and Industry, by Establishing an Efficient Credit System, Through which the Unjust and Unequal Burdens Placed Upon Agriculture During the Period of Price Fixing and Deflation May be Lightened, by Providing for the Liquidation and Refinancing of Farm Mortgages and Farm Indebtedness at a 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. December 22, 1932, and January 7, 9, and 30, 1933 ... |
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1½ per cent acre amount average bankers BESTOR board of agriculture bushel capita cent interest cent Per cent centum CHAIRMAN circulation coins commodity prices CONGRESS THE LIBRARY creditor Dollars Dollars Dollars East North Central estimate existing farm indebtedness Farm Loan Board farm loan system farm organizations farm owner farm real estate Farmers Union Federal Farm Loan Federal land banks Federal reserve banks Federal Reserve Board Federal reserve notes figures foreclosed foreclosures Frazier bill give going gold standard Government joint-stock land banks LEMKE LIBRARY OF CONGRES LIBRARY OF CONGRESS liquidation and refinancing loan bonds lost or destroyed moratorium North Central North Dakota outstanding percentage rate of interest Reconstruction Finance Corporation refinancing of farm Senator BROOKHART Senator BULKLEY Senator FLETCHER Senator FRAZIER Senator GOLDSBOROUGH Senator GORE Senator TOWNSEND Senator WAGNER Senator WATSON SIMPSON statement TALBOTT taxes Treasury United United States Treasurer wheat Woods
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Page 13 - Union, establish justice, insure domestic tranquillity, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity.
Page 1 - Be it enacted by the Senate and House of Representatives of the United States...
Page 77 - The committee met, pursuant to call of the chairman, at 10.30 o'clock am, in the committee room in the Capitol, Hon.
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 17 - Of course as far as I am concerned, I do not care anything about the gold standard.
Page 2 - There would also be created a board of agriculture consisting of one member from each State " who shall be elected by delegates selected by a mass convention of farmers in each county or parish within the United States." Immediately following their election and upon call of the Federal Farm Loan Board, the members of the board of agriculture would be required to meet in Washington for the purpose of making " such rules and regulations as they deem necessary and expedient in carrying out the purposes...
Page 1 - UNITED STATES SENATE, COMMITTEE ON BANKING AND CURRENCY, Washington, D.
Page 3 - System shall apply as far as applicable in the carrying out of the provisions of this act; and all laws or parts of laws in conflict herewith are for the purpose of this act repealed. The persons charged with the duty of carrying out the provisions of this act are authorized and directed to do all things necessary or convenient to accomplish Its purposes with expedition.
Page 3 - A bill to liquidate and refinance agricultural indebtedness, and to encourage and promote agriculture, commerce and industry, by establishing an efficient credit system, through which the unjust and unequal burdens placed upon agriculture, during the period of price fixing and deflation, may be lightened, by providing for the liquidation and refinancing of farm mortgages and farm indebtedness at a reduced rate of interest through the Federal farm loan system, the Federal reserve banking system and...
Page 76 - ... Navy, and possibly Air Force as Cabinet members ? Mr. EBERSTADT. Oh, certainly ; yes, indeed. The CHAIRMAN. The following statements by Secretary Kenney, Admirals Home and Moreell are herebv made a part of the record. All right, gentlemen, we will adjourn subject to the call of the Chair. (Whereupon, at 12 o'clock noon, the committee adjourned subject to call of the Chair.) (The following statement was submitted by W. John Kenney, Assistant Secretary of the Navy, for the record of hearings before...