Investigation of Economic Problems: Hearings Before the Committee on Finance, United States Senate, Seventy-second Congress, Second Session, Pursuant of S. Res. 315, Authorizing and Directing the Finance Committee to Make an Investigation and Study of the Present Economic Problems of the United States with a View to Securing Constructive Suggestions with Respect to the Solution of Such Problems ... |
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Page 6
... bank . " But the banks do not keep coin and bills to pay their depositors . They keep securities , issued for goods or some other form of wealth , which they can sell to pay depositors . But securities of that kind are growing scarce ...
... bank . " But the banks do not keep coin and bills to pay their depositors . They keep securities , issued for goods or some other form of wealth , which they can sell to pay depositors . But securities of that kind are growing scarce ...
Page 8
... bank " which already exists and is backed by securities representing economic goods - but mostly to the banks themselves . The Government was saying in effect to a bank : Put this Treasury duebill for $ 1,000,000 in your vault and write ...
... bank " which already exists and is backed by securities representing economic goods - but mostly to the banks themselves . The Government was saying in effect to a bank : Put this Treasury duebill for $ 1,000,000 in your vault and write ...
Page 40
... bank deposits , outside of savings banks , was now in the vaults of 100 banks of the United States . If we were to take all the gold that we have , including all the gold dollars , the gold eagles and $ 20 gold pieces and all the ...
... bank deposits , outside of savings banks , was now in the vaults of 100 banks of the United States . If we were to take all the gold that we have , including all the gold dollars , the gold eagles and $ 20 gold pieces and all the ...
Page 67
... bank failures have undoubtedly affected 10,000,000 of de- positors . There are something like 10,000 banks that have failed , and probably the total number of people that are affected are three times the number of depositors . The ...
... bank failures have undoubtedly affected 10,000,000 of de- positors . There are something like 10,000 banks that have failed , and probably the total number of people that are affected are three times the number of depositors . The ...
Page 68
... banks is restored so that there will be a normal operation of credit . With continuing bank failures there is no hope for this confidence returning . How can this confidence be restored ? In my opinion it can only be done in time to ...
... banks is restored so that there will be a normal operation of credit . With continuing bank failures there is no hope for this confidence returning . How can this confidence be restored ? In my opinion it can only be done in time to ...
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Common terms and phrases
agricultural ALDRICH American amount balance bankers banks BARUCH billion bonds borrowed Budget capital carrier cent CHAIRMAN commission committee commodity prices Congress cotton currency debt debtor demand deposits depreciated currency depression Doctor ARENDTZ dollar ECCLES economic effect exchange export farm farmer Federal reserve Federal reserve system FLANDERS foreign GARVAN going gold standard income increase industry inflation interest interstate commerce act investment issue labor LEGGE legislation LEON loans LOREE means ment mortgage operation payment PEEK PELLEY present production profit prosperity purchasing power question railroads Reconstruction Finance Corporation reduce sell Senator BARKLEY Senator CONNALLY Senator COUZENS Senator GORE Senator HARRISON Senator KING Senator LA FOLLETTE Senator REED Senator SHORTRIDGE Senator WALSH Senator WATSON silver situation statement tariff taxes thing tion to-day trade Treasury United wages WALSH of Massachusetts wheat
Popular passages
Page 474 - ... rates, fares, or charges will go into effect; and the proposed changes shall be shown by printing new schedules, or shall be plainly indicated upon the schedules in force at the time and kept open to public inspection...
Page 489 - ... the Commission may make such order with reference thereto as would be proper in a proceeding initiated after it had become effective.
Page 474 - Any common carrier subject to the provisions of this Act receiving freight in the United States to be carried through a foreign country to any place in the United States shall also in like manner print and keep open to public inspection, at every depot or office where such freight is received for shipment, schedules showing the through rates established and charged by such common carrier to all points in the United States beyond the foreign country to which it accepts freight for shipment...
Page 490 - Provided, That the Commission may, in its discretion and for good cause shown, allow changes upon less than the notice herein specified, or modify the requirements of this section in respect to publishing, posting, and filing of tariffs, either in particular instances or by a general order applicable to special or peculiar circumstances or conditions.
Page 491 - The Board shall at all times have access to all lands, buildings, and equipment of any carrier and to all accounts, records, and memoranda, including all documents, papers, and correspondence, now or hereafter existing, and kept or required to be kept by air carriers...
Page 473 - ... state separately all terminal charges, storage charges, icing charges, and all other charges which the Commission may require, all privileges or facilities granted or allowed and any rules or regulations which in anywise change, affect, or determine any part or the aggregate of such aforesaid rates, fares and charges, or the value of the service rendered to the passenger, shipper, or consignee.
Page 486 - Section 210a, no person shall engage in the business of a contract carrier by motor vehicle in interstate or foreign commerce on any public highway or within any reservation under the exclusive jurisdiction of the United States unless there is in force with respect to such carrier a permit issued by the Commission...
Page 474 - ... established and charged by such common carrier to all points in the United States beyond the foreign country to which it accepts freight for shipment ; and any freight shipped from the United States through a foreign country into the United States, the through rate on which shall not have been made public as required by this act, shall, before it is admitted into the United States from said foreign country, be subject to customs duties, as if said freight were of foreign production ; and any...
Page 486 - ... (b) A common carrier by motor vehicle operating under any such certificate may occasionally deviate from the route over which, and/or the fixed termini between which, it is authorized to operate under the certificate, under such general or special rules and regulations as the Commission may prescribe.
Page 489 - ... pending such hearing and the decision thereon the Commission, upon filing with such schedule and delivering to the carrier or carriers affected thereby a statement in writing of its reasons for such suspension, may suspend the operation of such schedule...