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 45
... MARX . In practically every case I feel satisfied that it would mean a tremendous employment of people . I was ... MARX . Yes . Mr. WILLIAMS . You would not expect the Government to establish a loan and take a second mortgage ? Mr. MARX ...
... MARX . In practically every case I feel satisfied that it would mean a tremendous employment of people . I was ... MARX . Yes . Mr. WILLIAMS . You would not expect the Government to establish a loan and take a second mortgage ? Mr. MARX ...
Page 46
... MARX . Yes . I can illustrate it this way . If they were to get an 80 percent loan and they agreed to amortize that loan one - tenth each year over a period of 10 years , including the taxes , interest , and pay off on the mortgage , in ...
... MARX . Yes . I can illustrate it this way . If they were to get an 80 percent loan and they agreed to amortize that loan one - tenth each year over a period of 10 years , including the taxes , interest , and pay off on the mortgage , in ...
Page 47
... MARX . That has been due to two reasons , in my judgment , one , that a lot of those mortgages were written up to 100 or 110 per- cent of the value of the property as appraised in 1926 and 1927 . The CHAIRMAN . Who did that ? Mr. MARX ...
... MARX . That has been due to two reasons , in my judgment , one , that a lot of those mortgages were written up to 100 or 110 per- cent of the value of the property as appraised in 1926 and 1927 . The CHAIRMAN . Who did that ? Mr. MARX ...
Page 48
... MARX . Yes . Mr. CAVICCHIA . What is your idea as to how far beyond the ap- praised value , with the extra collateral that the Government de- mands - up to what percentage can the Government go ? Mr. MARX . You could establish a 60 ...
... MARX . Yes . Mr. CAVICCHIA . What is your idea as to how far beyond the ap- praised value , with the extra collateral that the Government de- mands - up to what percentage can the Government go ? Mr. MARX . You could establish a 60 ...
Page 49
... MARX . Yes . Mr. WILLIAMS . Whether they make them , of course , is up to them , whether the security offered is satisfactory . The fact is we have a Government agency to take care of this situation . The CHAIRMAN . They are equipped ...
... MARX . Yes . Mr. WILLIAMS . Whether they make them , of course , is up to them , whether the security offered is satisfactory . The fact is we have a Government agency to take care of this situation . The CHAIRMAN . They are equipped ...
Expressions et termes fréquents
agency amount application appraisal bankers BECKMAN bill Board bondholders bonds borrow BRAIDA branch bank building and loan BULLOCK capital CAVICCHIA chain stores CHAIRMAN collateral commercial banks concerns DEATON debentures DICE DIRKSEN dollars DRISCOLL Edmund Wright employment fact FARLEY Federal Housing Administration Federal Reserve banks Federal Reserve System FORD GIFFORD give Government Industrial Credit interest Intermediate Credit Corporation JONES KENNEDY KOPPLEMANN KRIEGER legislation lend liquid little fellow long-time loans manufacturers MARTIN MARX MEEKS member institution ment merchants MICHAEL K mortgage companies MULLINS obligations operate organization OSBAHR percent plant present President purpose question real estate reason Reconstruction Finance Corporation recovery rediscount REILLY retail set-up SISSON small business small industries Standard Oil Co statement Theodore N thing tion warehouse Washington WILLIAMS York