Federal Building Loans, Hearing Before ... 66-1 on S.2492 .... |
From inside the book
Results 1-5 of 7
Page 16
... town in New York we have two savings banks with joint resources of about $ 300,000,000 , and they generally refuse to consider loan applica- tions for small loans . When I say small loans I mean loans of $ 5,000 , or something of that ...
... town in New York we have two savings banks with joint resources of about $ 300,000,000 , and they generally refuse to consider loan applica- tions for small loans . When I say small loans I mean loans of $ 5,000 , or something of that ...
Page 20
... towns and villages and cities of the country , and who are using these building associa- tions to the extent of a membership of 4,000,000 persons , as instru- mentalities for systematic thrift and for home building . Senator NEWBERRY ...
... towns and villages and cities of the country , and who are using these building associa- tions to the extent of a membership of 4,000,000 persons , as instru- mentalities for systematic thrift and for home building . Senator NEWBERRY ...
Page 22
... town ; that is , that an industry has come there that will invest $ 1,000,000 in land and buildings and machinery and equipment . An industry of that size will employ on an average 1,000 men ; that is , each $ 1,000 in- vested in the ...
... town ; that is , that an industry has come there that will invest $ 1,000,000 in land and buildings and machinery and equipment . An industry of that size will employ on an average 1,000 men ; that is , each $ 1,000 in- vested in the ...
Page 29
... town , you must pay taxes on them . " Senator GRONNA . Would the workers you refer to have the same rights and the same privileges that the farmers have under the farm loan act to participate in the profits ? Mr. HAYMAKER . They do ...
... town , you must pay taxes on them . " Senator GRONNA . Would the workers you refer to have the same rights and the same privileges that the farmers have under the farm loan act to participate in the profits ? Mr. HAYMAKER . They do ...
Page 34
... town of 50,000 people , Charlotte , N. C. , and I am the executive officer of one of these ideal as we think it is down there - institutions , one of these building and loan associations . There are two there in Charlotte . They were ...
... town of 50,000 people , Charlotte , N. C. , and I am the executive officer of one of these ideal as we think it is down there - institutions , one of these building and loan associations . There are two there in Charlotte . They were ...
Common terms and phrases
Adair amount approved assets asso bill board of directors bond or coupon borrow money build homes building and loan building associations building loan bank building loan registrar building of homes capital stock cent ciations committee condition Congress depositories Detroit district dwelling house exemption from taxation falsely altered farm loan Federal building loan Federal building-loan banks Federal reserve act Federal Reserve System funds Government HAYMAKER HENNESSY increase invest issue of Federal KEESLER labor land bank LINNETT loan associations loan bonds issued long-time member association mortgage loans mortgages deposited national banks North Dakota operation organization certificate paid payment prescribe rate of interest real estate reserve account ROSENTHAL savings banks schedule Secretary semiannually Senator CALDER Senator GRONNA Senator NEWBERRY Senator PENROSE shortage of homes small loans superintendent of Federal taxes thereof tion to-day Treasury United States league York
Popular passages
Page 9 - Treasury shall require of the associations thus designated satisfactory security, by the deposit of United States bonds and otherwise, for the safe-keeping and prompt payment of the public money deposited with them, and for the faithful performance of their duties as financial agents of the government...
Page 14 - First mortgages executed to Federal land banks, or to joint stock land banks, and farm loan bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and local taxation.
Page 16 - If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 15 - That if any person shall falsely make, forge, or counterfeit, or cause or procure to be made, forged, or counterfeited, or willingly aid or assist in falsely making, forging, or counterfeiting, any note in imitation of, or purporting to be...
Page 8 - Third. To make contracts. Fourth. To sue and be sued, complain and defend, in any court of law or equity, as fully as natural persons.
Page 16 - ... draft, bill of exchange, mortgage, judgment, or decree; or who makes any false entry in any book, report...
Page 6 - Currency shall, within fifteen days from the time of notice of his appointment, take and subscribe the oath of office; and he shall give to the United States a bond in the penalty of one hundred thousand dollars, with not less than two responsible sureties, to be approved by the Secretary of the Treasury, conditioned for the faithful discharge of the duties of his office.
Page 10 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 6 - Treasury, shall devise a seal, with suitable inscriptions, for his office, a description of which, with a certificate of approval by the Secretary of the Treasury, shall be filed in the office of the Secretary of State...
Page 15 - ... or both ; and may be fined a further sum equal to the money so loaned or gratuity given.