Federal Farm Mortgage Corporation: Hearing Before the Committee on Agriculture, House of Representatives, Seventy-third Congress, Second Session on H.R. 6670, January 10, 1934 |
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COMMITTEE ON AGRICULTURE MARVIN JONES , TEXAS , Chairman HAMPTON P. FULMER , South Carolina JOHN D. CLARKE , New York WALL DOXEY , Mississippi CLIFFORD R. HOPE , Kansas D. D. GLOVER , Arkansas J. ROLAND KINZER , Pennsylvania J. R. ...
COMMITTEE ON AGRICULTURE MARVIN JONES , TEXAS , Chairman HAMPTON P. FULMER , South Carolina JOHN D. CLARKE , New York WALL DOXEY , Mississippi CLIFFORD R. HOPE , Kansas D. D. GLOVER , Arkansas J. ROLAND KINZER , Pennsylvania J. R. ...
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Mr. Hope . Governor Myers , at the time the farm mortgage bill was passed , last spring , it was contemplated that you would be able to exchange land - bank bonds for mortgages . Governor MYERS . That is correct . Mr. HOPE .
Mr. Hope . Governor Myers , at the time the farm mortgage bill was passed , last spring , it was contemplated that you would be able to exchange land - bank bonds for mortgages . Governor MYERS . That is correct . Mr. HOPE .
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Mr. HOPE . What effort has been made to do that ? Governor MYERS . The situation was this . After careful study we decided that it was unwise to exchange bonds for mortgages unless the bonds were worth par . The condition of the bond ...
Mr. HOPE . What effort has been made to do that ? Governor MYERS . The situation was this . After careful study we decided that it was unwise to exchange bonds for mortgages unless the bonds were worth par . The condition of the bond ...
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Mr. HOPE . I understand that , but I was just wondering if you felt that you could sell the bonds at an interest rate which would enable you to continue to make loans at the present rate of interest without loss to the Government ?
Mr. HOPE . I understand that , but I was just wondering if you felt that you could sell the bonds at an interest rate which would enable you to continue to make loans at the present rate of interest without loss to the Government ?
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May I just add one other thought in response to Mr. Hope's question that the commissioner's loans require that all evidence must come within the 75 percent . If the farmer has additional income or has other means or other sources of ...
May I just add one other thought in response to Mr. Hope's question that the commissioner's loans require that all evidence must come within the 75 percent . If the farmer has additional income or has other means or other sources of ...
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able actually additional agricultural amended amount application approved approximately authorized believe bill BOILEAU bonds borrowers capital carry cash CHAIRMAN changed closed Commissioner's loans committee course Credit Act creditor deal debt desire determine difference difficulty directors District Emergency exchange extent Farm Credit Administration farm loan Farm Mortgage Act Farm Mortgage Corporation farmer Federal Farm Mortgage Federal land bank figures Finance FULMER funds further giving GLOVER Goss Government Governor MYERS guaranteed handle held HOPE Hovey income indebtedness interest issued January joint-stock land banks KLEBERG Land Bank Commissioner limitations Loan Act meet months necessary needs normal obtained officers operations paid passed percent period position possible present principal production provisions purchase question receive reduced reference refinancing scaling Secretary sell situation thereof thing tion Treasury understand United Wichita
Bibliographic information
| Title | Federal Farm Mortgage Corporation: Hearing Before the Committee on Agriculture, House of Representatives, Seventy-third Congress, Second Session on H.R. 6670, January 10, 1934 |
| Author | United States. Congress. House. Committee on Agriculture |
| Publisher | U.S. Government Printing Office, 1934 |
| Original from | University of Minnesota |
| Digitized | 15 Aug 2014 |
| Length | 27 pages |
| Export Citation | BiBTeX EndNote RefMan |