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
... 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 over to the Government , and allowed a ...
... 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 over to the Government , and allowed a ...
Page 14
... thing . Is there anything which justifies action of that kind ? Mr. Goss . I believe that condition has been corrected , Mr. Glover . When the Farm Credit Administration was first set up it was thought that greater speed and greater ...
... thing . Is there anything which justifies action of that kind ? Mr. Goss . I believe that condition has been corrected , Mr. Glover . When the Farm Credit Administration was first set up it was thought that greater speed and greater ...
Page 15
... 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 person desiring a loan having to ...
... 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 person desiring a loan having to ...
Page 16
... 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 con- cession . The local unsecured creditor has to take most of it because the secured ...
... 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 con- cession . The local unsecured creditor has to take most of it because the secured ...
Page 17
... things , about which you are no doubt familiar , were somewhat unsatisfactory . We believe that with the organiza- tion which is now operating the bank we can now handle the situation in that territory . Mr. HOPE . There is not any ...
... things , about which you are no doubt familiar , were somewhat unsatisfactory . We believe that with the organiza- tion which is now operating the bank we can now handle the situation in that territory . Mr. HOPE . There is not any ...
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Common terms and phrases
amended by inserting amended U.S.C. application appraisal approved Bank Commissioner loans Bank Commissioner's loans bill board of directors BOILEAU bonds for mortgages bonds issued bonds of equal borrowers capital cash CHAIRMAN creditor Emergency Farm Mortgage end thereof equal face value Farm Credit Act Farm Credit Administration Farm Loan Act farm loan bonds Farm Mortgage Act Farm Mortgage Corporation farmer Federal Farm Loan Federal Farm Mortgage Federal land bank FULMER GILCHRIST GLOVER Goss Government Governor MYERS guaranteed hereby HOPE HOVEY income indebtedness interest rate intermediate credit banks joint-stock land banks KLEBERG land bank bonds Land Bank Commissioner Land Bank Commissioner's land-bank loans Liberty Loan Act loans closed MARVIN JONES Mortgage Corporation bonds mortgage loans necessary paid paid-in surplus poration provisions purpose question Reconstruction Finance Corporation revolving fund scaling Secretary section 32 taxation tion title 12 TOBEY Treasury unconditionally guaranteed United Wichita bank