Rural Credits Joint Hearings Before the Subcommittees of the Committees On Bank
Rural Credits Joint Hearings Before the Subcommittees of the Committees On Bank
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Ousley. If they did that, what relief have you afforded the farmer — except the long time which he can get? You have only given him then the benefit of the amortization plan. Mr. Ragsdale. Your idea is that there shall be some Govern- ment guaranty behind the bonds, in order to make these bonds sale- able throughout the United States? Mr. Ousley. Very reluctantly I have come to that conclusion. Mr. Platt. How about having a central guarantee association, and listing the bonds on the New York St...ock Exchange? Mr. Ousley. That is an aspect of the problem that I have not considered at all: but I have come to the conclusion, as I said a moment ago, very reluctantly, that we will not be able to establish a system of rural credits without some kind of Government aid. Mr. Bulkley. Why do you say " very reluctantly " ? Mr. Ousley. Because I do not like to see the Government go into that kind of business. Mr. Ragsdale. Why should not the Government go into it in America when all the European countries have done so?
What to read after Rural Credits Joint Hearings Before the Subcommittees of the Committees On Bank?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On Bank to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Ousley. If they did that, what relief have you afforded the farmer — except the long time which he can get? You have only given him then the benefit of the amortization plan. Mr. Ragsdale. Your idea is that there shall be some Govern- ment guaranty behind the bonds, in order to make these bonds sale- able throughout the United States? Mr. Ousley. Very reluctantly I have come to that conclusion. Mr. Platt. How about having a central guarantee association, and listing the bonds on the New York St...ock Exchange? Mr. Ousley. That is an aspect of the problem that I have not considered at all: but I have come to the conclusion, as I said a moment ago, very reluctantly, that we will not be able to establish a system of rural credits without some kind of Government aid. Mr. Bulkley. Why do you say " very reluctantly " ? Mr. Ousley. Because I do not like to see the Government go into that kind of business. Mr. Ragsdale. Why should not the Government go into it in America when all the European countries have done so?
What to read after Rural Credits Joint Hearings Before the Subcommittees of the Committees On Bank?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On Bank to read onlineMoreLess
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