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 12
... two or three problems which apparently compelled us to reach determinations which were not clearly outlined within the law . Wherever the law mentioned refinancing of debt it spoke of the reduction and the refinancing of debts .
... two or three problems which apparently compelled us to reach determinations which were not clearly outlined within the law . Wherever the law mentioned refinancing of debt it spoke of the reduction and the refinancing of debts .
Page 13
And with that program ahead of us we felt that it was essential that these debts be reduced within the 75percent loan , because if they were not so reduced the farmer just could not work out . Mr. GLOVER . Mr. Chairman The CHAIRMAN .
And with that program ahead of us we felt that it was essential that these debts be reduced within the 75percent loan , because if they were not so reduced the farmer just could not work out . Mr. GLOVER . Mr. Chairman The CHAIRMAN .
Page 16
And I am not quarreling with that general proposition , of reducing farm indebtedness where it can be done fairly , but there are a good many difficulties in individual cases . Now , you might have the case of a farmer who has some ...
And I am not quarreling with that general proposition , of reducing farm indebtedness where it can be done fairly , but there are a good many difficulties in individual cases . Now , you might have the case of a farmer who has some ...
Page 18
... completing or painting a dwelling , and when the actual amount allowed in making the land loan is not sufficient , and in a great many cases perhaps the party holding the mortgage will reduce his loan to a certain extent , but still ...
... completing or painting a dwelling , and when the actual amount allowed in making the land loan is not sufficient , and in a great many cases perhaps the party holding the mortgage will reduce his loan to a certain extent , but still ...
Page 21
I am just more or less wondering if that plan could not be worked out , through some legal means whereby the reduction could be made ratably all the way down the line . The CHAIRMAN . Anything else ? Mr. MARSHALL .
I am just more or less wondering if that plan could not be worked out , through some legal means whereby the reduction could be made ratably all the way down the line . The CHAIRMAN . Anything else ? Mr. MARSHALL .
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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 |