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 1
The directors shall receive no additional compensation for their services as directors of the corporation , but may be allowed actual necessary traveling and subsistence expenses when engaged in the business of the corporation outside ...
The directors shall receive no additional compensation for their services as directors of the corporation , but may be allowed actual necessary traveling and subsistence expenses when engaged in the business of the corporation outside ...
Page 2
The capital of the corporation shall be in the sum of $ 200,000,000 , which shall be subscribed by the Governor on behalf of the United States in such amounts and at such times as he deems necessary for the purposes of the corporation .
The capital of the corporation shall be in the sum of $ 200,000,000 , which shall be subscribed by the Governor on behalf of the United States in such amounts and at such times as he deems necessary for the purposes of the corporation .
Page 4
Out of such revolving fund , the Governor is authorized to allocate and expend such amounts as he deems necessary for subscriptions to the capital stock and / or paid - in surplus of Federal Intermediate Credit Banks .
Out of such revolving fund , the Governor is authorized to allocate and expend such amounts as he deems necessary for subscriptions to the capital stock and / or paid - in surplus of Federal Intermediate Credit Banks .
Page 5
We have proceeded as well as we could . There were delays which we regret . But having got the machinery under way , we find it necessary to try to get funds to carry forward the FEDERAL FARM MORTGAGE CORPORATION 5.
We have proceeded as well as we could . There were delays which we regret . But having got the machinery under way , we find it necessary to try to get funds to carry forward the FEDERAL FARM MORTGAGE CORPORATION 5.
Page 6
necessary to try to get funds to carry forward the program . The demands upon the Government for cash are such that the administration deemed it advisable and necessary for us to attempt to finance the loan program by the use of bonds ...
necessary to try to get funds to carry forward the program . The demands upon the Government for cash are such that the administration deemed it advisable and necessary for us to attempt to finance the loan program by the use of bonds ...
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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 |