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 11
There has been a great deal of criticism among the farmers of the Farm Credit Administration on this point , and I understand it to be the position of the administration that the law requires this to be done .
There has been a great deal of criticism among the farmers of the Farm Credit Administration on this point , and I understand it to be the position of the administration that the law requires this to be done .
Page 12
A great deal was left to the administration . When we came to work out the program for its administration , we were confronted with two or three problems which apparently compelled us to reach determinations which were not clearly ...
A great deal was left to the administration . When we came to work out the program for its administration , we were confronted with two or three problems which apparently compelled us to reach determinations which were not clearly ...
Page 14
... months we did have a great deal of confusion in many areas , including Arkansas , I think . Mr. GLOVER . Now , the set - up in this bill provides that the bond may be accepted in full payment for mortgages .
... months we did have a great deal of confusion in many areas , including Arkansas , I think . Mr. GLOVER . Now , the set - up in this bill provides that the bond may be accepted in full payment for mortgages .
Page 16
And that would obviate a great deal of criticism . Now , here is one other unfortunate feature of the whole thing , and that is the fact that when you start scaling down the indebtedness it is usually the unsecured creditor who must ...
And that would obviate a great deal of criticism . Now , here is one other unfortunate feature of the whole thing , and that is the fact that when you start scaling down the indebtedness it is usually the unsecured creditor who must ...
Page 20
We have had a good deal of difficulty in the question of scaling down debts , but since we are making it possible for them to get money , would it not be possible for some program to be worked out whereby the joint - stock land banks ...
We have had a good deal of difficulty in the question of scaling down debts , but since we are making it possible for them to get money , would it not be possible for some program to be worked out whereby the joint - stock land banks ...
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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 |