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
... purpose of Congress that we do the thing in this way : That we put the farmer in a position where he would have a fighting chance to work his way out ; that if we just merely transferred a certain portion of the farmer's obligations ...
... purpose of Congress that we do the thing in this way : That we put the farmer in a position where he would have a fighting chance to work his way out ; that if we just merely transferred a certain portion of the farmer's obligations ...
Page 14
Then , they would have to go back and file a new application for practically the same thing . Is there anything which justifies action of that kind ? Mr. Goss . I believe that condition has been corrected , Mr. Glover .
Then , they would have to go back and file a new application for practically the same thing . Is there anything which justifies action of that kind ? Mr. Goss . I believe that condition has been corrected , Mr. Glover .
Page 15
landsbank could do just the same thing as two organizations and there would be no duplication of effort or confusion . Mr. GLOVER . If the system has been changed , of course , that is different , but at the first we had the plan of the ...
landsbank could do just the same thing as two organizations and there would be no duplication of effort or confusion . Mr. GLOVER . If the system has been changed , of course , that is different , but at the first we had the plan of the ...
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 17
Many things , about which you are no doubt familiar , were somewhat unsatisfactory . We believe that with the organization which is now operating the bank we can now handle the situation in that territory . Mr. HOPE .
Many things , about which you are no doubt familiar , were somewhat unsatisfactory . We believe that with the organization which is now operating the bank we can now handle the situation in that territory . Mr. HOPE .
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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 |