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 39
That concern can operate on a profitable basis in a short time if they can get loans . Mr. GIFFORD . I would like to prove to myself that what you want is a good banking institution and not a real eleemosynary institution .
That concern can operate on a profitable basis in a short time if they can get loans . Mr. GIFFORD . I would like to prove to myself that what you want is a good banking institution and not a real eleemosynary institution .
Page 49
We do not know what the employment conditions will be 5 or 10 years from now , and this law will operate forever and aye . Mr. GIFFORD . What are the conditions with the St. Louis banks ? Are they lending money ? Mr. MARX . Yes .
We do not know what the employment conditions will be 5 or 10 years from now , and this law will operate forever and aye . Mr. GIFFORD . What are the conditions with the St. Louis banks ? Are they lending money ? Mr. MARX . Yes .
Page 53
... for a reasonable length of time to enable them to operate , is it not just as reasonably probable that those people would employ more labor in the long run than would the plants that we are trying to develop at the present time ?
... for a reasonable length of time to enable them to operate , is it not just as reasonably probable that those people would employ more labor in the long run than would the plants that we are trying to develop at the present time ?
Page 58
It was discovered , however , that there was no estab- lished machinery by which any department could operate without congressional action . Later I learned of the introduction by the Honorable Mr. Koppleman , member of your committee ...
It was discovered , however , that there was no estab- lished machinery by which any department could operate without congressional action . Later I learned of the introduction by the Honorable Mr. Koppleman , member of your committee ...
Page 71
... were unable to operate in a way where they could take care of their obligations in the normal course of time ... so that they could continue to operate and from their operations get enough profit to pay the banks back and save a ...
... were unable to operate in a way where they could take care of their obligations in the normal course of time ... so that they could continue to operate and from their operations get enough profit to pay the banks back and save a ...
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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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