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 56
Mr. SIMPSON . Yes ; 764,000 retailers and approximately 7,000 wholesalers . Mr. MEEKS . As to these retailers , what proportion of them do you think desire to borrow money for the purposes you have mentioned ? Mr. SIMPSON .
Mr. SIMPSON . Yes ; 764,000 retailers and approximately 7,000 wholesalers . Mr. MEEKS . As to these retailers , what proportion of them do you think desire to borrow money for the purposes you have mentioned ? Mr. SIMPSON .
Page 58
No loan should be made unless satisfactory guaranty be given by applicant . that the borrowed funds be solely and entirely expended for the necessary re- . plenishment of his stock of goods or materials and that 58 INTERMEDIATE CREDIT ...
No loan should be made unless satisfactory guaranty be given by applicant . that the borrowed funds be solely and entirely expended for the necessary re- . plenishment of his stock of goods or materials and that 58 INTERMEDIATE CREDIT ...
Page 59
I did attempt to borrow $ 2,000 on that from the bank . That property is bringing in at the present time $ 55 a month . The banks refused to loan , stating that it was garage property ; it was a bunch of garages , and they stated that ...
I did attempt to borrow $ 2,000 on that from the bank . That property is bringing in at the present time $ 55 a month . The banks refused to loan , stating that it was garage property ; it was a bunch of garages , and they stated that ...
Page 66
How much were you trying to borrow ? Mr. MARTIN . Asked for — I only went to them and discussed the matter , but my idea was to borrow $ 55,000 to liquidate - not $ 55,000 , but borrow $ 40,000 I asked in that particular case - to ...
How much were you trying to borrow ? Mr. MARTIN . Asked for — I only went to them and discussed the matter , but my idea was to borrow $ 55,000 to liquidate - not $ 55,000 , but borrow $ 40,000 I asked in that particular case - to ...
Page 71
We can't go now and borrow but , say , $ 5,000 on 60 or 90 days and keep just carrying it . What little business I own myself . I haven't got a partner . Before the bank closed I had a limit of $ 10,000 . I could keep $ 10,000 borrowed ...
We can't go now and borrow but , say , $ 5,000 on 60 or 90 days and keep just carrying it . What little business I own myself . I haven't got a partner . Before the bank closed I had a limit of $ 10,000 . I could keep $ 10,000 borrowed ...
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