Word: loan
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Dates: during 1920-1929
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...fund. That was all right with President Coolidge. S. 3555 proposed that when the producers of a given commodity had produced more of that commodity than they could market in an "orderly" fashion, or more than they were willing to try to market with the aid of the loan fund only, that an "equalization fee" should be levied upon each unit of the commodity in question, to augment the loan fund. That was not all right with President Coolidge. S. 3555 further proposed that separate special councils be formed to advise the Federal board on the status of each & every...
...twelve Federal land banks. The U. S. started these banks off with $750,000 capital each. They can loan money to help farmers to buy land; to purchase equipment, fertilizer, seed, livestock; to build buildings; to liquidate mortgages. Interest may not exceed 6%. Loans up to $25,000 are given on 50% of the appraised value of land and 20% of permanent improvements. Borrowers have to join local National Farm Loan Associations, buying stock in the banks equivalent to 5% of their loans. In this way, the U. S. has received most of its capital back and the Land Banks...
...joint-stock land banks. These are private enterprises, similar to the Federal Land Banks, slightly more restricted in power, chartered by the Federal Farm Loan Board...
...would recommend is Eugene Meyer Jr., the mentally mobile New York banker whom President Wilson called in in 1918 to direct War Finance Corp., whom President Harding called back in 1921, whom President Coolidge reappointed in 1925, and who last May was made chief of the reorganized Federal Farm Loan Bureau. In his inconspicuous office at Washington, he has received malcontents, and their political spokesmen, during three Administrations. His record of financial diplomacy and impartial advice has won him the confidence of all but professional farm agitators. In his opinion, there would have been no Farm Problem this year...
...Phillips Brooks House Text Book Loan Library is an institution which yearly supplies a large number of students with used books. These books may be borrowed for a nominal deposit of $.25, of which $.20 is returned when the book is turned...