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 20
I heard it , that the probable length of time that will elapse before a request for a loan would be finally met would per- haps be 6 months , like the Home Owners ' Loan Corporation . Mr. GIFFORD . I am seeking the general viewpoint .
I heard it , that the probable length of time that will elapse before a request for a loan would be finally met would per- haps be 6 months , like the Home Owners ' Loan Corporation . Mr. GIFFORD . I am seeking the general viewpoint .
Page 21
... the secretaries and treasurers of such companies , pleading and be- seeching them to be more reasonable and saying what they actually want , you would find there is no reason for delay and procrastination running into many months .
... the secretaries and treasurers of such companies , pleading and be- seeching them to be more reasonable and saying what they actually want , you would find there is no reason for delay and procrastination running into many months .
Page 28
The proc- esses of production in some industries extend over a period of time in excess of 6 months . In a number of industries production is of necessity seasonal in nature even though the marketing processes may be continuous ...
The proc- esses of production in some industries extend over a period of time in excess of 6 months . In a number of industries production is of necessity seasonal in nature even though the marketing processes may be continuous ...
Page 30
The very fact that less than 1 percent of the amount authorized has actually been disbursed in more tuan 3 months of operation and but 5 percent in about 6tj months of operation in an indictment of the failure of the Federal Reserve ...
The very fact that less than 1 percent of the amount authorized has actually been disbursed in more tuan 3 months of operation and but 5 percent in about 6tj months of operation in an indictment of the failure of the Federal Reserve ...
Page 34
The latter type of credit has been extended over a period of from 6 months to 5 years . The virtual cessation of lending by banks for such purposes during this depression has had an especially disastrous effect upon small enterprises .
The latter type of credit has been extended over a period of from 6 months to 5 years . The virtual cessation of lending by banks for such purposes during this depression has had an especially disastrous effect upon small enterprises .
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able agency amount application appraisal association authority bank bankers BECKMAN believe bill Board bonds borrow building BULLOCK capital carry CAVICCHIA CHAIRMAN City closed committee concerns Congress Corporation course Credit Corporation DEATON establish experience fact Federal Reserve fellow Finance FORD GIFFORD give Government House industry institution interest intermediate credit JONES KENNEDY kind KOPPLEMANN lend less loans manufacturers MARTIN MARX matter mean Members merchants months mortgage necessary notes obligations operate organization paid passed percent plant possible practically present President probably question real estate reason received referred REILLY savings SISSON situation small business statement tell thing tion trying United Washington York