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 1
( The bill is as follows :) ( H.R. 6670 , 73d Cong . , 2d sess . ) ( A BILL To provide for the establishment of a corporation to aid in the refinancing of farm debts , and for other purposes Be it enacted by the Senate and House of ...
( The bill is as follows :) ( H.R. 6670 , 73d Cong . , 2d sess . ) ( A BILL To provide for the establishment of a corporation to aid in the refinancing of farm debts , and for other purposes Be it enacted by the Senate and House of ...
Page 6
The demands upon the Government for cash are such that the administration deemed it advisable and necessary for us to attempt to finance the loan program by the use of bonds instead of cash , and the purpose of this bill is to make ...
The demands upon the Government for cash are such that the administration deemed it advisable and necessary for us to attempt to finance the loan program by the use of bonds instead of cash , and the purpose of this bill is to make ...
Page 8
The $ 2,000,000,000 under this bill , therefore , does not represent an increase from the $ 2,000,000,000 authorized last spring , but simply represents a change in the type of bond . Now , the corporation will issue its bonds ...
The $ 2,000,000,000 under this bill , therefore , does not represent an increase from the $ 2,000,000,000 authorized last spring , but simply represents a change in the type of bond . Now , the corporation will issue its bonds ...
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
Now , if I understand the new bill correctly - and I have not had an opportunity to study it carefully — a larger proportion of the $ 2,000,000,000 which is set aside for loans will be diverted into Land Bank Commissioner loans than was ...
Now , if I understand the new bill correctly - and I have not had an opportunity to study it carefully — a larger proportion of the $ 2,000,000,000 which is set aside for loans will be diverted into Land Bank Commissioner loans than was ...
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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 |