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 8
The second page of the figures which you have , Mr. Chairman , shows the loans closed for 1932 were $ 27,569,800 . Up to last night we had closed , since May , approximately $ 250,000,000 The CHAIRMAN . In other words , about ten times ...
The second page of the figures which you have , Mr. Chairman , shows the loans closed for 1932 were $ 27,569,800 . Up to last night we had closed , since May , approximately $ 250,000,000 The CHAIRMAN . In other words , about ten times ...
Page 11
The $ 800,000,000 is the outside figure , and merely represents our judgment of the proportion at the present time . ... These figures which we are considering here were based on the best possible estimate we could make .
The $ 800,000,000 is the outside figure , and merely represents our judgment of the proportion at the present time . ... These figures which we are considering here were based on the best possible estimate we could make .
Page 12
And so we felt , when we analyzed the whole situation , that Congress had reached a very wise determination in setting the maximum loan figure at 75 percent . In doing that a program was offered to the farmer so that he could work his ...
And so we felt , when we analyzed the whole situation , that Congress had reached a very wise determination in setting the maximum loan figure at 75 percent . In doing that a program was offered to the farmer so that he could work his ...
Page 15
Prices have varied very greatly during the years , since 1914 , and if you were to take the produce prices , for instance , at this time , he would not have a very good chance ; if you are going to figure the prices on farm produce some ...
Prices have varied very greatly during the years , since 1914 , and if you were to take the produce prices , for instance , at this time , he would not have a very good chance ; if you are going to figure the prices on farm produce some ...
Page 17
Yes ; I understand ; but that would not seem to me to explain the great difference in the figures . Governor MYERS . There is no great difference in the FEDERAL FARM MORTGAGE CORPORATION 17.
Yes ; I understand ; but that would not seem to me to explain the great difference in the figures . Governor MYERS . There is no great difference in the FEDERAL FARM MORTGAGE CORPORATION 17.
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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 |