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 10
We felt convinced that the creditor would want to discount the principal of these bonds more than in our judgment , the facts warranted . Therefore , we have borrowed on the bonds and have paid cash , believing that we would get a ...
We felt convinced that the creditor would want to discount the principal of these bonds more than in our judgment , the facts warranted . Therefore , we have borrowed on the bonds and have paid cash , believing that we would get a ...
Page 12
... to the conclusion that it was the intention of Congress first , that the farmer be put in position to work his way out ; and , second , to give the creditor as much as could be paid and still leave the farmer so he was not swamped .
... to the conclusion that it was the intention of Congress first , that the farmer be put in position to work his way out ; and , second , to give the creditor as much as could be paid and still leave the farmer so he was not swamped .
Page 13
... were doing no kindness to the farmer , and that we were doing no kindness to the creditor , to allow him to go ahead under a new program , which just as sure as could be would result eventually in bankruptcy and doing the job over .
... were doing no kindness to the farmer , and that we were doing no kindness to the creditor , to allow him to go ahead under a new program , which just as sure as could be would result eventually in bankruptcy and doing the job over .
Page 16
The local unsecured creditor has to take most of it because the secured creditor is very reluctant to stand any of the ... hesitant about going to the local creditors and asking them to scale down the indebtedness , and yet apparently ...
The local unsecured creditor has to take most of it because the secured creditor is very reluctant to stand any of the ... hesitant about going to the local creditors and asking them to scale down the indebtedness , and yet apparently ...
Page 17
creditors , that is , other creditors that they must sacrifice a part of their indebtedness . We feel that about all we can do , under the ... It takes the same position as every other secured creditor , does it not ? Governor Myers .
creditors , that is , other creditors that they must sacrifice a part of their indebtedness . We feel that about all we can do , under the ... It takes the same position as every other secured creditor , does it not ? Governor Myers .
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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 |