Hearing Before the Committee on Agriculture, House of Representatives, Seventy-fourth Congress, First[-second] Session...U.S. Government Printing Office, 1935 |
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Page 2
... loan . Now , provision is made in H. R. 2066 to issue bonds , and those bonds are to be issued against the first mortgages on the farm , just the same as they are issued by the Federal land banks , and those bonds will draw interest at ...
... loan . Now , provision is made in H. R. 2066 to issue bonds , and those bonds are to be issued against the first mortgages on the farm , just the same as they are issued by the Federal land banks , and those bonds will draw interest at ...
Page 3
... farm ; that is the basis for the security ; better security than the collateral used by the Federal Reserve banks , or by the national banks . These Federal Reserve notes are secured by the best security on earth , first mortgages on farm ...
... farm ; that is the basis for the security ; better security than the collateral used by the Federal Reserve banks , or by the national banks . These Federal Reserve notes are secured by the best security on earth , first mortgages on farm ...
Page 9
... loan me any money on the accounts I have in my office , and it is not because the people who owe me the money are not good but it is because they have no credit left on which the bank could make a loan with safety . Now ... FARM MORTGAGES 9.
... loan me any money on the accounts I have in my office , and it is not because the people who owe me the money are not good but it is because they have no credit left on which the bank could make a loan with safety . Now ... FARM MORTGAGES 9.
Page 10
... that will mean at least another billion or a billion and a half - 412 billion dollars to start with . I may state that I am confident that about $ 2,000,000,000 is about all that would be needed 10 REFINANCING OF FARM MORTGAGES.
... that will mean at least another billion or a billion and a half - 412 billion dollars to start with . I may state that I am confident that about $ 2,000,000,000 is about all that would be needed 10 REFINANCING OF FARM MORTGAGES.
Page 11
... mortgages , and the Members of Congress know that so far as I am concerned I am willing that it be done if we have suf- ficient money to refinance them , and I do not think we would have too ... Agriculture REFINANCING OF FARM MORTGAGES 11.
... mortgages , and the Members of Congress know that so far as I am concerned I am willing that it be done if we have suf- ficient money to refinance them , and I do not think we would have too ... Agriculture REFINANCING OF FARM MORTGAGES 11.
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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 banks Federal Reserve notes Federal Reserve System foreclosure Frazier-Lemke bill FULMER funds GILCHRIST give going gold Government Governor home owners HOVEY HULL interest rate intermediate credit banks issuance issuing bank legislation LENNON limited 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 Union 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 - I had been of some service, thought fit to reward me by employing me in printing the money ; a very profitable job and a great help to me. This was another advantage gained by my being able to write.
Page 155 - The plates and dies to be procured by the Comptroller of the Currency for the printing of such circulating notes shall remain under his control and direction, and the expenses necessarily incurred in executing the laws...
Page 97 - The Constitution provides that Congress shall have the power to coin money and regulate the value thereof.
Page 82 - Ten or more natural persons who are the owners, or about to become the owners, of farm land qualified as security for a mortgage loan under section twelve of this Act, may unite to form a national farm loan association.
Page 37 - STATEMENT OF HON. MERLIN HULL, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF WISCONSIN Mr. HULL. Mr. Chairman...
Page 83 - No agent other than a duly incorporated bank, trust company, mortgage company, or savings institution, chartered by the State in which it has its principal office, shall be employed under the provisions of this section.
Page 154 - The Corporation shall be entitled to the free use of the United States mails in the same manner as the executive departments of the Government.
Page 155 - The examination of plates, dies, bed pieces, and so forth, and regulations relating to such examination of plates, dies, and so forth, of national-bank notes provided for in section fifty-one hundred and seventy-four Revised Statutes, is hereby extended to include notes herein provided for.
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. A commissioner's loan may be obtained for an additional 25 percent. It has been estimated that the average farm in the United States has improvements of equal value with the land. Therefore, the following illustrations for purposes of comparison should be substantially correct. Assume that the mortgage is...