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, 1935

U.S. Government Printing Office, 1935 - 206 pages

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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 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.

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