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, Part 1U.S. Government Printing Office, 1935 - 204 pages |
From inside the book
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Page 6
... invests , or speculates , directly or indirectly , in the securities or property of any company , bank , or corporation receiving loans or other assistance from the Corporation , shall be punished by a fine of not more than $ 10,000 ...
... invests , or speculates , directly or indirectly , in the securities or property of any company , bank , or corporation receiving loans or other assistance from the Corporation , shall be punished by a fine of not more than $ 10,000 ...
Page 39
When you use the words " adequate security " you did not have in mind that the Government agency to whom these applications come would not insist on receiving $ 10 in security for every dollar that the Government puts out , did you ?
When you use the words " adequate security " you did not have in mind that the Government agency to whom these applications come would not insist on receiving $ 10 in security for every dollar that the Government puts out , did you ?
Page 55
Yes ; I have received complaints of that nature . Mr. MEEKS . What kind of security do these people have to offer for loans of that character ? Mr. SIMPSON . I think the majority of these loans would run be- tween $ 500 and $ 5,000 .
Yes ; I have received complaints of that nature . Mr. MEEKS . What kind of security do these people have to offer for loans of that character ? Mr. SIMPSON . I think the majority of these loans would run be- tween $ 500 and $ 5,000 .
Page 59
I would like to call your attention to the fact that lots of that help or some of that help might have been received by the small merchant in the way of getting possible Government help to save his home , but unless he does get the same ...
I would like to call your attention to the fact that lots of that help or some of that help might have been received by the small merchant in the way of getting possible Government help to save his home , but unless he does get the same ...
Page 61
One thing more , to show you to what extent there is misunderstanding of the credit situation throughout the country , and exactly what some of the Government agencies are able to do , I will read from a letter which I received from the ...
One thing more , to show you to what extent there is misunderstanding of the credit situation throughout the country , and exactly what some of the Government agencies are able to do , I will read from a letter which I received from the ...
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