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 14
They always secured their capital either from their own funds or accumulations . Of those manufacturers who borrowed money from one source or another , 45 percent reported that they experienced difficulty in securing either any credit ...
They always secured their capital either from their own funds or accumulations . Of those manufacturers who borrowed money from one source or another , 45 percent reported that they experienced difficulty in securing either any credit ...
Page 23
... volume of intermediate credit ” ; and second , " that it is natural that business demands for such credit should be greater after 3 years of operative reverses than formerly ” due to an inpaired working capital condition .
... volume of intermediate credit ” ; and second , " that it is natural that business demands for such credit should be greater after 3 years of operative reverses than formerly ” due to an inpaired working capital condition .
Page 24
Commercial banks should properly be concerned chiefly with financing the seasonal and temporary working capital needs of industry and trade , for only in that way can they maintain the liquidity of their portfolios .
Commercial banks should properly be concerned chiefly with financing the seasonal and temporary working capital needs of industry and trade , for only in that way can they maintain the liquidity of their portfolios .
Page 25
They also said " that there is a larger unsatisfied demand for longterm working capital credit than for one - turnover loans . ” They have reached about the same conclusion , and the conclusions are practically unanimous , as if they ...
They also said " that there is a larger unsatisfied demand for longterm working capital credit than for one - turnover loans . ” They have reached about the same conclusion , and the conclusions are practically unanimous , as if they ...
Page 27
Mr. RUSSELL : Why is not this an attractive field for private capital ? ? Dr. BECKMAN . That is what we are trying to do , and I think it is one of the soundest , one of the most constructive , and one of the most effective propositions ...
Mr. RUSSELL : Why is not this an attractive field for private capital ? ? Dr. BECKMAN . That is what we are trying to do , and I think it is one of the soundest , one of the most constructive , and one of the most effective propositions ...
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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 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