Payment of Veterans' Adjusted-service Certificates: Hearings Before the Committee on Finance, United States Senate, Seventy-first Congress, Third Session, Relative to Payment of Veterans' Adjusted-service Certificates. February 18, 1931, Volume 1 |
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Page 7
Now , Senators will remember that originally it was contemplated loans on these
certificates would be made only by banks . Soon after the act had been in effect
there was considerable complaint on the part of veterans that they were unable to
...
Now , Senators will remember that originally it was contemplated loans on these
certificates would be made only by banks . Soon after the act had been in effect
there was considerable complaint on the part of veterans that they were unable to
...
Page 71
The member banks of the Federal reserve system - without considering the many
State nonmember banks — hold $ 4 , 000 , 000 , 000 of United States securities
as a secondary reserve . They likewise will have to write down the value of their ...
The member banks of the Federal reserve system - without considering the many
State nonmember banks — hold $ 4 , 000 , 000 , 000 of United States securities
as a secondary reserve . They likewise will have to write down the value of their ...
Page 73
While the large number of bank failures in the country has created a surface
indication with reference to money and credit , is it not a fact that the sound banks
now have a plethora of money which they can not profitably invest ? Secretary ...
While the large number of bank failures in the country has created a surface
indication with reference to money and credit , is it not a fact that the sound banks
now have a plethora of money which they can not profitably invest ? Secretary ...
Page 74
Would the Federal reserve banks , if that occurred , take advantage of the Federal
reserve law , which authorizes them to request the issue of additional currency for
purposes of industry , and the revival of business in their respective sections ...
Would the Federal reserve banks , if that occurred , take advantage of the Federal
reserve law , which authorizes them to request the issue of additional currency for
purposes of industry , and the revival of business in their respective sections ...
Page 83
He can not take into account the number who have borrowed through the banks .
There is no check on earth on that . There is no way for him to get it except by
direct contact with the banks . There is one bank that I know of , which , I have
been ...
He can not take into account the number who have borrowed through the banks .
There is no check on earth on that . There is no way for him to get it except by
direct contact with the banks . There is one bank that I know of , which , I have
been ...
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Common terms and phrases
25 per cent additional adjusted service adjusted-service certificates administrative amended American amount annually applied assuming average banks benefits better bill bonds bonus borrow Bureau called cash Chairman committee compounded Congress Congressional Record consideration cost course debt December difference disabled dollars effect estimate face value fact figures fund give going Government HINES hospitals House immediate increase interest investment issue January Legion legislation less loans matter maturity mean meet ment million month obligation paid passed payment present present value probably proposal question raised received referred reported represent retirement Secretary MELLON securities Senator BARKLEY Senator CONNALLY Senator COUZENS Senator HARRISON Senator SHORTRIDGE Senator Walsh Senator WATSON service certificates shows statement Treasury Undersecretary Mills United veterans volume Walsh of Massachusetts World
Popular passages
Page 3 - ... collateral security for the prompt payment of this note I have delivered to and do hereby pledge with the holder of this note my Adjusted Service Certificate No. dated , further identified by No. A This note may be sold, discounted, or rediscounted and the certificate pledged herewith may be transferred in accordance with the provisions of the World War Adjusted Compensation Act, as amended. If the principal and interest of this note are not paid at its maturity, any bank holding this note and...
Page 1 - ... notice. (c) The authority of the President to enter into foreign trade agreements under section 1 of this Act shall terminate on the expiration of three years from the date of the enactment of this Act. SEC. 3. Nothing in this Act shall be construed to give any authority to cancel or reduce, in any manner, any of the indebtedness of any foreign country to the United States.
Page 2 - As used in this act (1) the term "migratory waterfowl" means the species enumerated in paragraph (a) of subdivision 1 of article I of the treaty between the United States and Great Britain for the protection of migratory birds concluded August 16, 1916; (2) the term "State...
Page 1 - TO PROVIDE FOR THE IMMEDIATE PAYMENT TO VETERANS OF THE FACE VALUE OF THEIR ADJUSTED-SERVICE CERTIFICATES, FOR CONTROLLED EXPANSION OF THE CURRENCY, AND TO EXTEND THE TIME FOR FILING APPLICATIONS FOR BENEFITS UNDER WORLD WAR ADJUSTED COMPENSATION ACT, AND FOR OTHER PURPOSES MAT 22, 1935.
Page 45 - ... organization, yet Congress has deferred action on this cash payment ; and Whereas this adjusted-compensation certificate does not benefit the veteran greatly unless he is dead, and it is our firm belief that what the ex-service man of to-day needs is immediate cash to help him meet the obligations imposed upon him by his Army service, unemployment, business depression, etc.: Therefore be it Resolved, That the thirty-first national encampment, Veterans of Foreign Wars of the United States, goes...
Page 4 - An Act to prohibit financial transactions with any foreign government in default on its obligations to the United States", approved April 13, 1934 (USC, title 31, sec. 804a), is amended by adding at the end thereof a new section to read as follows: "SEC. 3.
Page 2 - All amounts in the fund shall be available for payment, by the administrator, of adjusted-service certificates upon their maturity or the prior death of the veteran, for payments under section 502 to banks on account of notes of veterans, and for making loans authorized by section 502." SEC. 3. There is authorized to be appropriated such amounts as may be necessary to provide for the making of loans to veterans by the Administrator of Veterans' Affairs under the World War adjusted compensation act,...
Page 87 - ... carried its arms in 1917 and 1918:. Now therefore be it " 'Resolved, by the delegates of the thirteenth annual convention duly assembled, That we again declare and reaffirm as our first and major objective legislation for the further relief of the disabled men and their dependents, widows and orphans and will take definite exception to any interference with or delay in the passage of such legislation; and be it further " ' Resolved, That this convention approves and confirms the action taken...
Page 116 - ... credit shall be computed by allowing the following sums for each day of active service in excess of 60 days, in the military or naval forces of the United States after April 5, 1917, and before July 1, 1919, as shown by the service or other records of the veteran: $1.25 for each day of overseas service and $1 for each day of home service...
Page 3 - Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That notwithstanding the provisions of the World War Adjusted Compensation Act, as amended (USC, 1934 edition, title 38, ch. 11), the adjusted-service certificates issued under the authority of such Act are hereby declared to be immediately payable. Payments on account of such certificates shall be made in the manner hereinafter provided upon application therefor to the Administrator...
Bibliographic information
| Title | Payment of Veterans' Adjusted-service Certificates: Hearings Before the Committee on Finance, United States Senate, Seventy-first Congress, Third Session, Relative to Payment of Veterans' Adjusted-service Certificates. February 18, 1931, Volume 1 Payment of Veterans' Adjusted-service Certificates: Hearings Before the Committee on Finance, United States Senate, Seventy-first Congress, Third Session, Relative to Payment of Veterans' Adjusted-service Certificates. February 18, 1931, United States. Congress. Senate. Committee on Finance |
| Author | United States. Congress. Senate. Committee on Finance |
| Publisher | U.S. Government Printing Office, 1931 |
| Original from | the Library of Congress |
| Digitized | 3 Apr 2007 |
| Length | 178 pages |
| Export Citation | BiBTeX EndNote RefMan |