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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Page 8
And through this proposal you expect to be able to make further loans when the bonds are made available ? Governor MYERS . Yes . The CHAIRMAN . In order to carry out the purposes of the emergency act ? Governor Myers .
And through this proposal you expect to be able to make further loans when the bonds are made available ? Governor MYERS . Yes . The CHAIRMAN . In order to carry out the purposes of the emergency act ? Governor Myers .
Page 9
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 .
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 .
Page 11
Governor MYERS . It is just permissive . I do not know that $ 800,000,000 of Commissioner's loans will be needed , but we would like to be able to use that much if necessary to meet the situation . Mr. HOPE .
Governor MYERS . It is just permissive . I do not know that $ 800,000,000 of Commissioner's loans will be needed , but we would like to be able to use that much if necessary to meet the situation . Mr. HOPE .
Page 12
Now , I do not read the law that way , and I am just wondering what you might be able to say in that connection . I have frequent inquiries about this matter from farmers and borrowers and I would like to know what prompts that ...
Now , I do not read the law that way , and I am just wondering what you might be able to say in that connection . I have frequent inquiries about this matter from farmers and borrowers and I would like to know what prompts that ...
Page 19
Would you be able to determine that later on ? Governor MYERS . I would like to say this , however : We have refinanced much more mortgage indebtedness than other forms of indebtedness . Our biggest effort has been made to help ...
Would you be able to determine that later on ? Governor MYERS . I would like to say this , however : We have refinanced much more mortgage indebtedness than other forms of indebtedness . Our biggest effort has been made to help ...
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Common terms and phrases
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 |