Emergency Financings for Unemployed Workers: Hearings Before a Subcommittee ... on S. 4947 ... July 6, 1932, Volume 311932 - 20 pages |
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Page 3
... repay such advances in the manner and upon the terms hereinafter provided . SEC . 7. In order to arrange to extend credits for the purchase of goods and services the corporation through its agencies shall license all producers and ...
... repay such advances in the manner and upon the terms hereinafter provided . SEC . 7. In order to arrange to extend credits for the purchase of goods and services the corporation through its agencies shall license all producers and ...
Page 10
... repayment on or before 10 years after date , with a low but increasing rate of interest - 1 per cent first year , 2 per cent second year , 3 per cent third year , and 4 per cent thereafter . Payments will be made for goods by such notes ...
... repayment on or before 10 years after date , with a low but increasing rate of interest - 1 per cent first year , 2 per cent second year , 3 per cent third year , and 4 per cent thereafter . Payments will be made for goods by such notes ...
Page 11
... repayment of the obligations , I would like to point to certain groups of unemployed at the present time . There are some 800,000 railway workers with whom I am particularly familiar , normally needed for the operation of the railroads ...
... repayment of the obligations , I would like to point to certain groups of unemployed at the present time . There are some 800,000 railway workers with whom I am particularly familiar , normally needed for the operation of the railroads ...
Page 14
... repay the loans . But there is also a fraction of the population which is dependent upon what is essentially charitable support , and the present conditions press heavily upon such persons . The thought in this section is that if , as a ...
... repay the loans . But there is also a fraction of the population which is dependent upon what is essentially charitable support , and the present conditions press heavily upon such persons . The thought in this section is that if , as a ...
Page 15
... repay on the basis of 10 per cent of their earnings and the credit possibilities or facilities of the corporation will be returned and can be utilized again , so that the total amount of the credits extended may exceed in the aggregate ...
... repay on the basis of 10 per cent of their earnings and the credit possibilities or facilities of the corporation will be returned and can be utilized again , so that the total amount of the credits extended may exceed in the aggregate ...
Common terms and phrases
66 Senator COSTIGAN advisory council agencies agent aggregate appointed approval bank bill board of directors bonds borrowers BRONSON CUTTING capital stock cash cent centum Chairman collective bargaining coming winter COMMITTEE ON MANUFACTURES compensation Congress corporation is authorized create credit behind purchasing credit certificates credit facilities credits extended debentures demand for necessary distributors and transporters dole earning power employed employees enterprises Exchange Corporation extend credits extension of credit face value falsely altered hereby increase of purchasing increase purchasing power individual interest issued or authorized LA FOLLETTE labor Liberty bond licensed producers liquidation loans ment MORRIS SHEPPARD municipal notes officer operation paid poration present principal economic activities proposition provides that U. S. E. C. purpose railroads real property Reconstruction Finance Corporation repayment RICHBERG Secretary Section subcommittee thereof Treasury turn the tide unemployed heads unemployed workers United States Exchange volume of purchases West Virginia
Popular passages
Page 2 - Bank shall in any manner, directly or indirectly, participate in the deliberation upon or the determination of any question affecting his personal interests, or the interests of any corporation, partnership, or association in which he is directly or indirectly personally interested.
Page 7 - ... (2) with intent to defraud the Corporation or any other body, politic or corporate ; or any individual, or to deceive any officer, auditor, or examiner of the...
Page 5 - The engraved plates, dies, bed pieces, and other material executed in connection therewith shall remain in the custody of the Secretary of the Treasury. The...
Page 5 - (p) All notes, debentures, bonds, or other such obligations issued by the Corporation shall be exempt, both as to principal and interest, from all taxation (except estate and inheritance taxes) now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority.
Page 5 - Administrator to be issued hereunder and for such purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 2 - Act, without regard to the provisions of other laws applicable to the employment and compensation of officers and employees of the United States...
Page 5 - Such bonds shall be fully and unconditionally guaranteed both as to interest and principal by the United States...
Page 2 - The Corporation shall be entitled to the free use of the United States mails in the same manner as the executive departments of the Government.
Page 5 - Each such obligation shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on...
Page 2 - The board of directors of the corporation shall determine and prescribe the manner in which its obligations shall be incurred and its expenses allowed and paid.