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
There has been a great deal of criticism among the farmers of the Farm Credit Administration on this point , and I understand it to be the position of the administration that the law requires this to be done .
There has been a great deal of criticism among the farmers of the Farm Credit Administration on this point , and I understand it to be the position of the administration that the law requires this to be done .
Page 12
So we came to the conclusion that it was the intention of Congress first , that the farmer be put in position to work his way out ; and , second , to give the creditor as much as could be paid and still leave the farmer so he was not ...
So we came to the conclusion that it was the intention of Congress first , that the farmer be put in position to work his way out ; and , second , to give the creditor as much as could be paid and still leave the farmer so he was not ...
Page 13
... any plan worked out where you could get an appraisement of the land , with the result that we had difficulty in getting loans at all . Some of the commissioners , as I understand , took the position that the Federal land banks would ...
... any plan worked out where you could get an appraisement of the land , with the result that we had difficulty in getting loans at all . Some of the commissioners , as I understand , took the position that the Federal land banks would ...
Page 17
It takes the same position as every other secured creditor , does it not ? Governor Myers . But please remember this : The Federal land banks are owned by the borrowers and it stands between the farmer who owes the debt or the mortgage ...
It takes the same position as every other secured creditor , does it not ? Governor Myers . But please remember this : The Federal land banks are owned by the borrowers and it stands between the farmer who owes the debt or the mortgage ...
Page 19
I think there is no question but that refinancing a pressing debt on the farm , especially a short - time debt , will improve the position of the municipal obligations which have to depend on taxation for their support . Mr. KLEBERG .
I think there is no question but that refinancing a pressing debt on the farm , especially a short - time debt , will improve the position of the municipal obligations which have to depend on taxation for their support . Mr. KLEBERG .
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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 |