INTERMEDIATE CREDIT CORPORATION

HEARINGS

BEFORE THE

COMMITTEE ON BANKING AND CURRENCY
HOUSE OF REPRESENATIVES

SEVENTY-FOURTH CONGRESS

FIRST SESSION

ON

H. R. 5918

A BILL TO PROVIDE FOR THE CREATION OF AN INTER-
MEDIATE CREDIT CORPORATION FOR COMMERCE
AND INDUSTRY, TO AID IN FINANCING SMALL
AND MEDIUM SIZED COMMERCIAL AND
INDUSTRIAL ESTABLISHMENTS, AND

FOR OTHER PURPOSES

45152

MAY 27, 28, 29, JUNE 3, 4, 5, AND 6, 1935

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1935

CONTENTS

Page

Statement of—

Dr. Theodore N. Beckman, Ohio State University, Columbus, Ohio..
Mr. Elmer Marx, 105 North Seventh Street, St. Louis, Mo...
Mr. Robert P. Simpson, New York, N. Y...

6

41

54

Mr. J. W. Moss, Hampton, Va__

*56

Mr. J. A. Martin, Liberty, N. C.
Mr. J. F. Deaton, Liberty, N. C.
Mr. W. K. Mullins, Birmingham, Ala
Mr. Theo. W. Osbahr, Newark, N. J..
Mr. Peter J. Braida, New York, N. Y.
Mr. Henry M. Johnson, Louisville, Ky.
Mr. Fred A. Berlin, Washington, D. Č.
Mr. Charles P. Bloome, Philadelphia, Pa.
Mr. E. S. Bullock, Williamsport, Pa..

Mr. R. O. Gill, Butler, Pa...-

Mr. Marvin W. Krieger, Muskogee, Okla.

Dr. Charles A. Dice, Ohio State University, Columbus, Ohio.

63

69

76

79

84

88

93

97

103

115

118

127

III

INTERMEDIATE CREDIT CORPORATION

HEARINGS

BEFORE THE

COMMITTEE ON BANKING AND CURRENCY HOUSE OF REPRESENATIVES

SEVENTY-FOURTH CONGRESS

FIRST SESSION

ON

H. R. 5918

A BILL TO PROVIDE FOR THE CREATION OF AN INTER-
MEDIATE CREDIT CORPORATION FOR COMMERCE
AND INDUSTRY, TO AID IN FINANCING SMALL
AND MEDIUM SIZED COMMERCIAL AND

INDUSTRIAL ESTABLISHMENTS, AND
FOR OTHER PURPOSES