Refinancing of Farm Mortgages: Hearing Before the Committee on Agriculture, House of Representatives, Seventy-fourth Congress, First Session, on H.R. 2066 ... H.R. 6151 ... March 13, 14, 15, April 9, 10, 12, and 17, 1935U.S. Government Printing Office, 1935 - 206 pages |
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Page 4
... operate unless the farmers can get out of debt .. Now , just for the information of the committee and for the record , I want to say that 29 States have asked Congress to pass this bill . I will not take the time to read that list now ...
... operate unless the farmers can get out of debt .. Now , just for the information of the committee and for the record , I want to say that 29 States have asked Congress to pass this bill . I will not take the time to read that list now ...
Page 8
... operate the 12 Federal Reserve banks , or a central bank , whichever was thought the more advisable , and that the Government should control the issuance of its own currency , and a good many people have felt that it was not the proper ...
... operate the 12 Federal Reserve banks , or a central bank , whichever was thought the more advisable , and that the Government should control the issuance of its own currency , and a good many people have felt that it was not the proper ...
Page 12
... operated that mortgaged farm as a tenant for at least 2 years prior to the enactment of this bill . Now you will find ... operate them than anyone else . Now , the Government cannot intelligently employ those people . 12 REFINANCING OF ...
... operated that mortgaged farm as a tenant for at least 2 years prior to the enactment of this bill . Now you will find ... operate them than anyone else . Now , the Government cannot intelligently employ those people . 12 REFINANCING OF ...
Page 13
... operate and know how to operate the farms and they should be left there , but without some such relief as is afforded through this bill they cannot hope to remain on their farms . Put this $ 3,000 , - 000,000 in circulation , pay off ...
... operate and know how to operate the farms and they should be left there , but without some such relief as is afforded through this bill they cannot hope to remain on their farms . Put this $ 3,000 , - 000,000 in circulation , pay off ...
Page 17
... operate on . They have got to have purchasing power , but there is something else ; they need a circulating medium . And let me tell you this : When the farmer is given this additional money , I know what will happen in certain cases ...
... operate on . They have got to have purchasing power , but there is something else ; they need a circulating medium . And let me tell you this : When the farmer is given this additional money , I know what will happen in certain cases ...
Expressions et termes fréquents
12 percent acres agriculture amended amortization amount ANDRESEN bankers benefit BIERMANN billion BINDERUP BOILEAU borrower CHAIRMAN circulation committee Congress cost credit money CUMMINGS currency debentures debt deposits discount district dollars DOXEY Farm Credit Administration farm indebtedness Farm Loan Act farm mortgages farmers Federal Farm Loan Federal land bank Federal Reserve Act Federal Reserve banks Federal Reserve notes Federal Reserve System foreclosure Frazier-Lemke bill FULMER funds GILCHRIST going gold Government Governor home owners HOVEY HULL interest rate intermediate credit banks issuance issuing bank legislation LENNON MARSHALL Marvin Jones Michigan MYERS national farm-loan associations North Dakota notes issued O'BRIEN operate outstanding paid passed PATMAN payments percent interest PIERCE present production credit associations profits provides purchase question rate of interest refinancing saving sell situation statement surplus TALBOTT taxes tenant THATCHER tion Treasury United
Fréquemment cités
Page 82 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 97 - The Nature and Necessity of a Paper Currency." It was well receiv'd by the common people in general; but the rich men dislik'd it, for it increas'd and strengthen'd the clamor for more money, and they happening to have no writers among them that were able to answer it, their opposition slacken'd, and the point was carried by a majority in the House. My friends there, who conceiv'd I had been of some service, thought fit to reward me by employing me in printing the money; a very profitable jobb and...
Page 97 - The Constitution provides that Congress shall have the power to coin money and regulate the value thereof.
Page 37 - STATEMENT OF HON. MERLIN HULL, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF WISCONSIN Mr. HULL.
Page 96 - I was on the side of an addition, being persuaded that the first small sum struck in 1 723 had done much good by increasing the trade, employment, and number of inhabitants in the province...
Page 83 - Funds transmitted to farm loan associations by Federal land banks to be loaned to its members shall be in current funds, or farm loan bonds, at the option of the borrower.
Page 60 - Act the land banks may loan 50 percent of the appraised value of the land plus 20 percent of the insured value of the buildings.
Page 83 - Federal land banks may pay to such agents the actual expense of appraising the land offered as security for a loan, examining and certifying the title thereof, and making, executing, and recording the mortgage papers...
Page 82 - Act prescribed, and to meet all other obligations of the association, subject to the orders of the board of directors and in accordance with the by-laws of the association. It shall be the duty of the secretary-treasurer, acting under the direction of the national farm loan association, to collect, receipt for, and transmit to the Federal land bank payments of interest, amortization installments, or principal arising out of loans made through the association.
Page 97 - and many likewise in Chestnut Street and other streets, which made me then think the inhabitants of the city were deserting it one after another. Our debates possessed me so fully of the subject that I wrote and printed an anonymous pamphlet on it, entitled The Nature and Necessity of a Paper Currency.