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
... creditor would want to discount the principal of these bonds more than in our judgment , the facts warranted . There- fore , we have borrowed on the bonds and have paid cash , believing that we would get a better refinancing program for ...
... creditor would want to discount the principal of these bonds more than in our judgment , the facts warranted . There- fore , we have borrowed on the bonds and have paid cash , believing that we would get a better refinancing program for ...
Page 12
... creditor as much as could be paid and still leave the farmer so he was not swamped . You will recall that the loans were to be made in such amounts that the total of the first and second mortgages would not exceed 75 percent of the ...
... creditor as much as could be paid and still leave the farmer so he was not swamped . You will recall that the loans were to be made in such amounts that the total of the first and second mortgages would not exceed 75 percent of the ...
Page 13
... 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 . In other words , we felt that we wanted to carry out the whole program of refunding ...
... 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 . In other words , we felt that we wanted to carry out the whole program of refunding ...
Page 16
... creditor who must make the biggest con- cession . The local unsecured creditor has to take most of it because the ... creditors , that is , other creditors that they must 16 FEDERAL FARM MORTGAGE CORPORATION.
... creditor who must make the biggest con- cession . The local unsecured creditor has to take most of it because the ... creditors , that is , other creditors that they must 16 FEDERAL FARM MORTGAGE CORPORATION.
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 authority granted us in the law , is to make as sympathetic an inter- pretation of the law as we ...
... creditors , that is , other creditors that they must sacrifice a part of their indebtedness . We feel that about all we can do , under the authority granted us in the law , is to make as sympathetic an inter- pretation of the law as we ...
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Common terms and phrases
amended by inserting amended U.S.C. application appraisal approved Bank Commissioner loans Bank Commissioner's loans bill board of directors BOILEAU bonds for mortgages bonds issued bonds of equal borrowers capital cash CHAIRMAN creditor Emergency Farm Mortgage end thereof equal face value Farm Credit Act Farm Credit Administration Farm Loan Act farm loan bonds Farm Mortgage Act Farm Mortgage Corporation farmer Federal Farm Loan Federal Farm Mortgage Federal land bank FULMER GILCHRIST GLOVER Goss Government Governor MYERS guaranteed hereby HOPE HOVEY income indebtedness interest rate intermediate credit banks joint-stock land banks KLEBERG land bank bonds Land Bank Commissioner Land Bank Commissioner's land-bank loans Liberty Loan Act loans closed MARVIN JONES Mortgage Corporation bonds mortgage loans necessary paid paid-in surplus poration provisions purpose question Reconstruction Finance Corporation revolving fund scaling Secretary section 32 taxation tion title 12 TOBEY Treasury unconditionally guaranteed United Wichita bank