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 17
Committee on Banking and Currency. Dr. BECKMAN . That is right . Mr. DRISCOLL . I presume he engaged counsel outside the jurisdiction of the R. F. C. to see that all the technical papers were properly filled out .
Committee on Banking and Currency. Dr. BECKMAN . That is right . Mr. DRISCOLL . I presume he engaged counsel outside the jurisdiction of the R. F. C. to see that all the technical papers were properly filled out .
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They have required it in instances I know of , and the loan has never been approved until the bank or the mortgagee or the other creditors are willing to come in and bring themselves into the picture . Dr. BECKMAN .
They have required it in instances I know of , and the loan has never been approved until the bank or the mortgagee or the other creditors are willing to come in and bring themselves into the picture . Dr. BECKMAN .
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Here is a case where the R. F. C. has approved the loan on condition that the banks subordinate the mortgage . ... It says : We are in a predicament because the bank that holds our mortgage is in process of liquidation .
Here is a case where the R. F. C. has approved the loan on condition that the banks subordinate the mortgage . ... It says : We are in a predicament because the bank that holds our mortgage is in process of liquidation .
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credit , just as in the case of the Federal intermediate credit banks established for agriculture . ... Such concerns do not want short - term commercial - bank loans , as they are afraid they cannot repay them at maturity .
credit , just as in the case of the Federal intermediate credit banks established for agriculture . ... Such concerns do not want short - term commercial - bank loans , as they are afraid they cannot repay them at maturity .
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Will they continue in that strain after the pending banking bill passes ? Dr. BECKMAN . ... Is not that the reason why the pending bank bill will not help , because the commercial banks will not go into longtime loaning ? Dr. BECKMAN .
Will they continue in that strain after the pending banking bill passes ? Dr. BECKMAN . ... Is not that the reason why the pending bank bill will not help , because the commercial banks will not go into longtime loaning ? Dr. BECKMAN .
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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