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 105
Mr. BULLOCK . I did not need any — oh , 1927 , I was forced out of business in the latter part of that year . I lost my credit and all my money . Mr. WII LIAMS . If you lost it all , how did you get started again ? Mr. BULLOCK .
Mr. BULLOCK . I did not need any — oh , 1927 , I was forced out of business in the latter part of that year . I lost my credit and all my money . Mr. WII LIAMS . If you lost it all , how did you get started again ? Mr. BULLOCK .
Page 106
Mr. BULLOCK . I took up the matter of a $ 3,500 loan with a bank , to make a timber payment — the payment was for $ 2,500 due on January 1 of this year . I advised them that I could pay that off at a rate , if necessary , of $ 500 a ...
Mr. BULLOCK . I took up the matter of a $ 3,500 loan with a bank , to make a timber payment — the payment was for $ 2,500 due on January 1 of this year . I advised them that I could pay that off at a rate , if necessary , of $ 500 a ...
Page 107
Mr. BULLOCK . We offered them the mills and the equipment , totaling in sound value $ 8,000 . I was not satisfied . I came to Washington and asked for a hearing . I got it . They came back and stated that , due to an adverse local bank ...
Mr. BULLOCK . We offered them the mills and the equipment , totaling in sound value $ 8,000 . I was not satisfied . I came to Washington and asked for a hearing . I got it . They came back and stated that , due to an adverse local bank ...
Page 108
Mr. BULLOCK . Commenting on other projects that can be and are being financed , of which I understand only 45 percent repayment is expected Mr. WILLIAMS . Will you name some of those where only 45 percent repayment is expected ?
Mr. BULLOCK . Commenting on other projects that can be and are being financed , of which I understand only 45 percent repayment is expected Mr. WILLIAMS . Will you name some of those where only 45 percent repayment is expected ?
Page 109
Mr. BULLOCK . That is just the point I am coming to . Mr. WILLIAMS . I just want to keep the record clear . You do not mean to say here that the Government is lending money with the expectation of only getting back 45 cents on the ...
Mr. BULLOCK . That is just the point I am coming to . Mr. WILLIAMS . I just want to keep the record clear . You do not mean to say here that the Government is lending money with the expectation of only getting back 45 cents on the ...
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