Unemployment Relief: Hearings Before the Committee on Banking and Currency United States Senate, Seventy-second Congress, First Session on S. 4632, S.4727, S.4755, and S. 4822, Bills Relative to Federal Loans to Aid Unemployment. June 2, 7, 11, and 13, 1932. Printed for the Use of the Comnittee on Banking and CurrencyU.S. Government Printing Office, 1932 - 200 pages |
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Page 4
... less than $ 50 , shall mature twenty - five years from the date of their issue , and shall bear interest at such rates as may be fixed by the Secretary of the Treasury , but not to exceed 44 per centum per annum . The principal and ...
... less than $ 50 , shall mature twenty - five years from the date of their issue , and shall bear interest at such rates as may be fixed by the Secretary of the Treasury , but not to exceed 44 per centum per annum . The principal and ...
Page 6
... less than par or by call by lot , under such regulation as such board may prescribe , of the obligations of the corporation issued for the construction of projects , with interest accrued to the date of retirement . In the event that in ...
... less than par or by call by lot , under such regulation as such board may prescribe , of the obligations of the corporation issued for the construction of projects , with interest accrued to the date of retirement . In the event that in ...
Page 7
... less than 30 per centum of the estimated cost to the corporation of the project , in consideration of which the corporation will agree with such individual , partnership , or corporation that in the event that the project shall return ...
... less than 30 per centum of the estimated cost to the corporation of the project , in consideration of which the corporation will agree with such individual , partnership , or corporation that in the event that the project shall return ...
Page 19
... less in proportion than the needs of the State , and less in pro- portion to population . Who would make that test ? Secretary MILLS . If a State has exhausted its resources and can not take care of its own needs , then the purpose of ...
... less in proportion than the needs of the State , and less in pro- portion to population . Who would make that test ? Secretary MILLS . If a State has exhausted its resources and can not take care of its own needs , then the purpose of ...
Page 20
... less actual em- ployment to people than any other avenue of expenditure . But as I understand it we are going to make this sum available , your criti- cism is that it is distributed according to population , and you suggest that we ...
... less actual em- ployment to people than any other avenue of expenditure . But as I understand it we are going to make this sum available , your criti- cism is that it is distributed according to population , and you suggest that we ...
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Common terms and phrases
amended amount authorized AVERY Baldwin Locomotive bank Barbour bill BARKLEY bonds borrow building capital cent of normal CHAIRMAN chart referred committee commodities competition Congress construction consumption cost cotton demand depression employment equipment trust certificates expenditures Farm Board Federal Government Federal reserve funds give going governor HOUSTON increase interest Interstate Commerce Committee labor loan locomotives machinery mean ment million MUIR municipalities O'NEAL PETER NORBECK private enterprise private industry production projects Puerto Rico purchase purpose question railroads Reconstruction Finance Corporation relief Secretary MILLS securities self-liquidating sell Senator BARBOUR Senator BLAINE Senator BROOKHART Senator BULKLEY Senator COUZENS Senator DAVIS Senator FLETCHER Senator GLASS Senator GOLDSBOROUGH Senator GORE Senator WAGNER situation statement submitted surplus taxes thereof thing tion to-day Treasury United wages Wagner bill WILLIAMS WOOLLEY York
Popular passages
Page 8 - ... to be redeemable at the option of the corporation before maturity in such manner as may be stipulated in such obligations, and...
Page 9 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 1 - States in the proportion which their population bears to the total population of the United States...
Page 87 - UNITED STATES SENATE, COMMITTEE ON BANKING AND CURRENCY, Washington, DC The committee met at 10:30 am, pursuant to call, in room 301 Senate Office Building, Senator Robert F.
Page 3 - For the purpose of carrying out the provisions of section 10 of the Federal-Aid Highway Act of 1950 (64 Stat. 785), there is hereby authorized to be appropriated for the survey, construction, reconstruction, and maintenance of main roads through unappropriated or unreserved public lands, nontaxable Indian lands, or other Federal reservations the sum of $2,500,000 for the fiscal year ending June 30, 1955, to remain available until expended.
Page 5 - That the management of the Corporation shall be vested in a board of directors, consisting of the Secretary of the Treasury...
Page 9 - Treasury is authorized to use as a public-debt transaction the proceeds from the sale of any securities hereafter 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 the Corporation's bonds hereunder.
Page 87 - States is necessary to enable the applicant properly to meet the transportation needs of the public, and that the prospective earning power of the applicant and the character and value of the security offered are such as to furnish reasonable assurance of the applicant's ability to repay the loan...
Page 8 - ... in the Treasury not otherwise appropriated, and thereupon to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights of the holders of such bonds.
Page 9 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...