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
They permit the refinancing of the more heavily involved farmer , and are helpful in obtaining the scaling down of excessive debts . Thus , these loans make it possible for the good farmer to rearrange his debts so he can handle them .
They permit the refinancing of the more heavily involved farmer , and are helpful in obtaining the scaling down of excessive debts . Thus , these loans make it possible for the good farmer to rearrange his debts so he can handle them .
Page 16
Now , here is one other unfortunate feature of the whole thing , and that is the fact that when you start scaling down the indebtedness it is usually the unsecured creditor who must make the biggest concession .
Now , here is one other unfortunate feature of the whole thing , and that is the fact that when you start scaling down the indebtedness it is usually the unsecured creditor who must make the biggest concession .
Page 20
Governor Myers , I come from Ohio and I was interested in the questions that were asked you about scaling down the debts and in particular reference to the Federal land bank scaling down its debt . Of course , the joint - stock land ...
Governor Myers , I come from Ohio and I was interested in the questions that were asked you about scaling down the debts and in particular reference to the Federal land bank scaling down its debt . Of course , the joint - stock land ...
Page 21
I think that if we put in the act a limitation to the effect that we could not refinance the joint - stock land bank loans , or that they could only be refinanced in the event there was a ratable scaling down by them as creditors — that ...
I think that if we put in the act a limitation to the effect that we could not refinance the joint - stock land bank loans , or that they could only be refinanced in the event there was a ratable scaling down by them as creditors — that ...
Page 23
I would like to ask one question about scaling down these debts . About what percentage of the farmers ' debts have been scaled down ; have you any information on that ? Governor MYERS . The compilations which we have show that of all ...
I would like to ask one question about scaling down these debts . About what percentage of the farmers ' debts have been scaled down ; have you any information on that ? Governor MYERS . The compilations which we have show that of all ...
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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 |