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 |
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Page 28
not borrow $ 100,000 on a plant which is as modern as any shoe plant in existence . There are absolutely no encumbrances on the plant or on the land . He borrows from the bank because he is a good risk and pays a high rate of interest ...
not borrow $ 100,000 on a plant which is as modern as any shoe plant in existence . There are absolutely no encumbrances on the plant or on the land . He borrows from the bank because he is a good risk and pays a high rate of interest ...
Page 44
In every case that I cited here they have in my judg- ment sufficient collateral but they cannot borrow at the bank . The CHAIRMAN . They want the Government to go in partnership with them . Mr. MARX . Not necessarily . The CHAIRMAN .
In every case that I cited here they have in my judg- ment sufficient collateral but they cannot borrow at the bank . The CHAIRMAN . They want the Government to go in partnership with them . Mr. MARX . Not necessarily . The CHAIRMAN .
Page 45
Along with it , while they want to borrow 80 percent of the total value of the ground and buildings they have additional assets which would help reduce the actual loan value down to prob- 145152-35- ably 50 to 60 percent , with these ...
Along with it , while they want to borrow 80 percent of the total value of the ground and buildings they have additional assets which would help reduce the actual loan value down to prob- 145152-35- ably 50 to 60 percent , with these ...
Page 49
They have plenty of money , but the average business house cannot borrow unless you are actually putting up Liberty bonds or something corresponding to them . Mr. GIFFORD . Why will not your banks lend money ? Mr. MARX .
They have plenty of money , but the average business house cannot borrow unless you are actually putting up Liberty bonds or something corresponding to them . Mr. GIFFORD . Why will not your banks lend money ? Mr. MARX .
Page 54
Of course , these men would not make these loans and would not undertake to borrow money unless they thought their business was going to be improved , being in that respect like any other man borrowing money from the bank to carry on ...
Of course , these men would not make these loans and would not undertake to borrow money unless they thought their business was going to be improved , being in that respect like any other man borrowing money from the bank to carry on ...
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Bibliographic information
| Title | 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 ..., Part 1 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, United States. Congress. House. Committee on Banking and Currency |
| Author | United States. Congress. House. Committee on Banking and Currency |
| Publisher | U.S. Government Printing Office, 1935 |
| Length | 204 pages |
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