Intermediate Credit Corporation: Hearings ... Seventy-fourth Congress, First Session on H.R. 5918, a Bill to Provide for the Creation of an Intermediate Credit Corporation for Commerce and Industry, to Aid in Financing Small and Medium Sized Commercial and Industrial Establishments, and for Other Purposes, Partie 1U.S. Government Printing Office, 1935 - 204 pages |
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Page 42
The receiver took the proposal up with the R. F. C. who declined to make the loan or release the collateral on the grounds that the closed bank receivership expired in 2 years and that was as long as they would make the loan .
The receiver took the proposal up with the R. F. C. who declined to make the loan or release the collateral on the grounds that the closed bank receivership expired in 2 years and that was as long as they would make the loan .
Page 51
For example , take this one man that wanted to buy the building and the closed bank owns the property . The closed bank is in receivership and its receivership extended for 2 years . If that paper was not held by the closed bank ...
For example , take this one man that wanted to buy the building and the closed bank owns the property . The closed bank is in receivership and its receivership extended for 2 years . If that paper was not held by the closed bank ...
Page 64
I am quoting from the third paragraph : Most of the small industries are badly handicapped on account of loans from closed banks that are trying to liquidate as fast as possible . It seems that the small industry might be worthy of some ...
I am quoting from the third paragraph : Most of the small industries are badly handicapped on account of loans from closed banks that are trying to liquidate as fast as possible . It seems that the small industry might be worthy of some ...
Page 70
That was before all the banks closed up , you see . And then we could get money from the insurance people . We still can get money from the insurance people , but of course they want to sell insurance . If you do that the first thing ...
That was before all the banks closed up , you see . And then we could get money from the insurance people . We still can get money from the insurance people , but of course they want to sell insurance . If you do that the first thing ...
Page 71
When it closed the whole works closed up , and the only thing we can borrow on our invoice is from the insurance companies . Mr. Williams . I cannot see the point myself . Of course , that is due to the difference in the bank's status .
When it closed the whole works closed up , and the only thing we can borrow on our invoice is from the insurance companies . Mr. Williams . I cannot see the point myself . Of course , that is due to the difference in the bank's status .
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able agency amount application appraisal association authority bank bankers BECKMAN believe bill Board bonds borrow building BULLOCK capital carry CAVICCHIA CHAIRMAN City closed committee concerns Congress Corporation course Credit Corporation DEATON establish experience fact Federal Reserve feel fellow Finance FORD GIFFORD give Government House industry institution interest intermediate credit Jones KENNEDY kind KOPPLEMANN lend less loans manufacturers MARTIN Marx matter mean Members merchants months mortgage necessary notes obligations operate organization paid particular passed percent plant possible practically present President probably question real estate reason received referred REILLY savings Sisson situation small business statement tell thing tion trying United Washington York