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 9
So in order to be sure we can sell the volume of intermediate credit - bank debentures needed at a rate which will make the cost of the credit to the farmer reasonable , we think that it may be necessary for the banks to ...
So in order to be sure we can sell the volume of intermediate credit - bank debentures needed at a rate which will make the cost of the credit to the farmer reasonable , we think that it may be necessary for the banks to ...
Page 10
Therefore , we have borrowed on the bonds and have paid cash , believing that we would get a better refinancing program for the farmer by the use of cash than by the use of the bonds which were worth less than par under the conditions ...
Therefore , we have borrowed on the bonds and have paid cash , believing that we would get a better refinancing program for the farmer by the use of cash than by the use of the bonds which were worth less than par under the conditions ...
Page 11
They permit the refinancing of the more heavily involved farmer , and are helpful in obtaining the scaling down of excessive debts . Thus , these loans make it possible for the good farmer to rearrange his debts so he can handle them .
They permit the refinancing of the more heavily involved farmer , and are helpful in obtaining the scaling down of excessive debts . Thus , these loans make it possible for the good farmer to rearrange his debts so he can handle them .
Page 12
I have frequent inquiries about this matter from farmers and borrowers and I would like to know what prompts that ... that it was the purpose of Congress that we do the thing in this way : That we put the farmer in a position where he ...
I have frequent inquiries about this matter from farmers and borrowers and I would like to know what prompts that ... that it was the purpose of Congress that we do the thing in this way : That we put the farmer in a position where he ...
Page 13
It is just a matter of figuring out what the farmer can carry , and we have found that we were doing no kindness to ... which had become so great that they were driving the farmers into bankruptcy , and to refund them on a basis that ...
It is just a matter of figuring out what the farmer can carry , and we have found that we were doing no kindness to ... which had become so great that they were driving the farmers into bankruptcy , and to refund them on a basis that ...
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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 |