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
Thus , these loans make it possible for the good farmer to rearrange his debts so he can handle them . In almost all of the really distressed cases , the Commissioner's loan has been necessary for refinancing the debt of the farmer .
Thus , these loans make it possible for the good farmer to rearrange his debts so he can handle them . In almost all of the really distressed cases , the Commissioner's loan has been necessary for refinancing the debt of the farmer .
Page 14
We believe , however , that the land banks are now equipped to handle that as well as it can safely be handled by any group if we were to have a separate organization . In other words , we would have to have two transactions to handle ...
We believe , however , that the land banks are now equipped to handle that as well as it can safely be handled by any group if we were to have a separate organization . In other words , we would have to have two transactions to handle ...
Page 17
We believe that with the organization which is now operating the bank we can now handle the situation in that territory . Mr. HOPE . There is not any reason why the Wichita Bank should not be in position to loan money on the same basis ...
We believe that with the organization which is now operating the bank we can now handle the situation in that territory . Mr. HOPE . There is not any reason why the Wichita Bank should not be in position to loan money on the same basis ...
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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