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
I understand that , but I was just wondering if you felt that you could sell the bonds at an interest rate which would enable you to continue to make loans at the present rate of interest without loss to the Government ?
I understand that , but I was just wondering if you felt that you could sell the bonds at an interest rate which would enable you to continue to make loans at the present rate of interest without loss to the Government ?
Page 15
If they use the present prices some of them would get no loans at all ? * Mr. Goss . That is correct ; in many areas they would not . Mr. PIERCE . Yes . Mr. Goss . And in many areas they would not receive any loan . > > Governor MYERS .
If they use the present prices some of them would get no loans at all ? * Mr. Goss . That is correct ; in many areas they would not . Mr. PIERCE . Yes . Mr. Goss . And in many areas they would not receive any loan . > > Governor MYERS .
Page 20
... not change their position from what it is at the present time . Mr. GILCHRIST . It will be helpful to the joint - stock land banks . Governor MYERS . In that they had rather have bonds than cash ? Mr. GILCHRIST .
... not change their position from what it is at the present time . Mr. GILCHRIST . It will be helpful to the joint - stock land banks . Governor MYERS . In that they had rather have bonds than cash ? Mr. GILCHRIST .
Page 22
I believe the present act , passed last spring , does not permit them to take advantage of it because of the interest rate on their outstanding bonds . Mr. Fulmer . I can give an illustration of what just took place in the case of a man ...
I believe the present act , passed last spring , does not permit them to take advantage of it because of the interest rate on their outstanding bonds . Mr. Fulmer . I can give an illustration of what just took place in the case of a man ...
Page 24
... difficulty in scaling down these debts because of the present condition in the economic field which may have improved considerably since March 4 . The CHAIRMAN . Is that all ? Do you gentlemen think , you can submit the information ...
... difficulty in scaling down these debts because of the present condition in the economic field which may have improved considerably since March 4 . The CHAIRMAN . Is that all ? Do you gentlemen think , you can submit the information ...
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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 |