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 4
I think you can see what has happened from the chart . Mr. CHASE . That is money actually paid out ? Governor MYERS . Money actually paid out . When the act was passed , from 3 to 4 4 FEDERAL FARM MORTGAGE CORPORATION.
I think you can see what has happened from the chart . Mr. CHASE . That is money actually paid out ? Governor MYERS . Money actually paid out . When the act was passed , from 3 to 4 4 FEDERAL FARM MORTGAGE CORPORATION.
Page 5
When the act was passed , from 3 to 4 million dollars a month in loans were being closed ; but from August to December , inclusive , the amounts closed approximately doubled each month . For August the amount was more than $ 7,000,000 ...
When the act was passed , from 3 to 4 million dollars a month in loans were being closed ; but from August to December , inclusive , the amounts closed approximately doubled each month . For August the amount was more than $ 7,000,000 ...
Page 9
Governor Myers , at the time the farm mortgage bill was passed , last spring , it was contemplated that you would be able to exchange land - bank bonds for mortgages . Governor MYERS . That is correct . Mr. HOPE .
Governor Myers , at the time the farm mortgage bill was passed , last spring , it was contemplated that you would be able to exchange land - bank bonds for mortgages . Governor MYERS . That is correct . Mr. HOPE .
Page 12
But , anyway , we adopted a program for determining the normal value , which was considerable in excess of the distress values which prevailed at the time the law was passed .
But , anyway , we adopted a program for determining the normal value , which was considerable in excess of the distress values which prevailed at the time the law was passed .
Page 18
... and perhaps the farmer has started an addition to his house and that it should be completely finished , and in passing on that application a certain amount of the application will be granted for the purpose of building a barn ...
... and perhaps the farmer has started an addition to his house and that it should be completely finished , and in passing on that application a certain amount of the application will be granted for the purpose of building a barn ...
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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 |