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 16
Dr. BECKMAN ( reading ) : They required 10 times adequate security to the amount they will loan , and I am safe in saying that no industry in the country can give that security for a loan from the R. F. C. Unless more liberal ...
Dr. BECKMAN ( reading ) : They required 10 times adequate security to the amount they will loan , and I am safe in saying that no industry in the country can give that security for a loan from the R. F. C. Unless more liberal ...
Page 19
January 31 , was $ 8,651,000 , and since the act has been liberalized they have about doubled that figure , but , considering the fact that during the first 2 months of the administration the R. F. C. made very few loans because they ...
January 31 , was $ 8,651,000 , and since the act has been liberalized they have about doubled that figure , but , considering the fact that during the first 2 months of the administration the R. F. C. made very few loans because they ...
Page 22
these loans . I think they are men who have had experience , and they are sympathetic , and want to do the best they can . But I doubt that you so far have said anything convincing to show that the credit terms will be more liberal .
these loans . I think they are men who have had experience , and they are sympathetic , and want to do the best they can . But I doubt that you so far have said anything convincing to show that the credit terms will be more liberal .
Page 23
I was told by one man that they had 57 loans and only 3 were approved , and he was so discouraged by the iron - clad rules that he said it was just a waste of his time . Mr. SISSON . Is not this committee made up of industrialists ?
I was told by one man that they had 57 loans and only 3 were approved , and he was so discouraged by the iron - clad rules that he said it was just a waste of his time . Mr. SISSON . Is not this committee made up of industrialists ?
Page 24
Such concerns do not want short - term commercial - bank loans , as they are afraid they cannot repay them at maturity . There was a decided indication that many small concerns distrust the banks and do not wish to get involved in loans ...
Such concerns do not want short - term commercial - bank loans , as they are afraid they cannot repay them at maturity . There was a decided indication that many small concerns distrust the banks and do not wish to get involved in loans ...
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| 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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