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RURAL CREDITS

st

HEARINGS

BEFORE THE

COMMITTEE ON BANKING AND CURRENCY OF THE HOUSE OF REPRESENTATIVES

P87-14

ON

S. 4063 (H. R. 13033)

TO PROVIDE CREDIT FACILITIES FOR THE AGRICULTURAL
AND LIVE-STOCK INDUSTRIES OF THE UNITED STATES; TO
AMEND THE FEDERAL RESERVE ACT; TO AMEND THE
FEDERAL FARM LOAN ACT ; TO EXTEND AND STABILIZE:
THE MARKET FOR UNITED STATES BONDS AND OTHER
SECURITIES; TO PROVIDE FISCAL AGENTS FOR THE

UNITED STATES, AND FOR OTHER PURPOSES

FRIDAY, NOVEMBER 24, 1922

STANFORD
LIBRARIES

STATEMENTS OF
Mr. FRED H. Bixby, Long Beach, Calif.,
President, The American National Live-Stock Association

Mr. J. SHEEHAN, Winnemucca, Nev.

Mr. WILLIAM POLLMAN, Baker, Oreg.,
President, Cattle and Horse Raisers' Association of Oregon

Mr. EUGENE MEYER, Jr.,
Managing Director, War Finance Corporation

WASHINGTON
GOVERNMENT PRINTING OFFICE

1922

23968

COMMITTEE ON BANKING AND CURRENCY.

HOUSE OF REPRESENTATIVES.

SIXTY-SEVENTH CONGRESS, THIRD SESSION.

LOUIS T. MCFADDEN, Pennsylvania, Chairman. PORTER H. DALE, Vermont.

OTIS WINGO, Arkansas. EDWARD J. KING, Illinois.

HENRY B. STEAGALL, Alabama. FRANK D. SCOTT, Michigan.

CHARLES H. BRAND, Georgia. ADOLPHUS P. NELSON, Wisconsin.

WILLIAM F. STEVENSON, South Carolina. JAMES G. STRONG, Kansas.

EUGENE BLACK, Texas. LEONARD S. ECHOLS, West Virginia.

T. ALAN GOLDSBOROUGH, Maryland. EDWARD S. BROOKS, Pennsylvania. ROBERT LUCE, Massachusetts. CLARENCE MACGREGOR, New York. JAMES W. DUNBAR, Indiana. LESTER D. VOLK, New York. T. FRANK APPLEBY, New Jersey. HENRY F. LAWRENCE, Missouri. E. HART FENN, Connecticut.

Philip G. THOMPSON, (lei'.

II

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