Word: mortgagee
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Dates: during 1930-1939
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Near Bowling Green, Ohio, 800 ugly-tempered farmers last week assembled at Wallace Kramp's place to watch a finance company foreclose its $800 mortgage. Bidding began at 15? for a spring harrow. When the company's representative raised it to $1.35, somebody shouted: "That's the...
¶ At Perry, Iowa, approximately the same prices prevailed at the foreclosure on George Rosander's place when 1,500 of his friends collected to restrict the bidding. The holder of a $2,500 mortgage collected precisely $45.05.
¶ At Le Mars, Iowa, 25 farmers gathered to block foreclosure of a mortgage on the home of Dentist George Washington Cunningham. They explained that they all owed Dr. Cunningham for professional services. Events such as the above were what John Andrew Simpson, president of the National Farmers' Union...
An agrarian revolt is the last thing President-elect Roosevelt wants on his hands during his first year in the White House. He and his Democratic associates have been cudgeling their brains to devise ways & means of heading off such an uprising before it reaches the blood-&-bullets stage. As...
Heart of the Robinson measure was a billion-dollar Emergency Agricultural Refinance Corp. This agency would lend individual farm owners up to $10,000 each at 3% interest on a second mortgage. With the money the borrowers would buy off other creditors, pay delinquent taxes, meet back interest on first...