Word: crediteer
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Dates: during 1930-1939
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Barbiturate Credit...
Today a farmer thirsting for a loan from his Government is shuttled back & forth among eight separate and distinct Federal credit spigots. Last week President Roosevelt moved to save him time and trouble and the U. S. $2,000,000 a year by consolidating all eight spigots into one Farm Credit Administration...
...Federal Farm Board created by President Hoover in 1929; The Federal Farm Loan Bureau set up in the Treasury by President Wilson in 1916 to supervise the Federal Land Banks and the Joint Stock Land Banks and in 1923 the Intermediate Credit Banks; The Agricultural Credit Corp., an adjunct of Reconstruction Finance Corp. established in 1932; The Crop Production Loan Bureau of the Department of Agriculture dating back to 1921; and the same department's other Co-operative Loan Bureau...
...Farm Credit Administration will not only handle all brands of loans newly made but will also undertake the President's billion-dollar mortgage relief program when enacted (see p. 12). New York's Henry Morgenthau Jr., 41, son of Woodrow Wilson's ambassador to Turkey, was to be made Governor of the Farm Credit Administration upon the abolition of the Farm Board of which he was appointed chairman. A Dutchess County neighbor of President Roosevelt, he served under him as New York State Conservation Commissioner. He publishes the American Agriculturist, runs a 1,400-acre fruit...
...TIME, Sept. 26). When 95% of the White stockholders agreed, Studebaker borrowed $14,900,000 on its note to purchase the assets of White; then 3% of White stockholders protested, held up the transaction. Result: Studebaker, not yet having obtained title to White's assets, found its own credit stretched to a point where it could not obtain its normal seasonal financing...