HEARINGS

BEFORE THE V.

COMMITTEE ON BANKING AND CURRENCY
HOU8E OF REPRE8ENTATIVE8

SIXTY-SEVENTH CONGRESS

FOURTH SESSION
ON THE BILLS

S. 4280 (H. R. 13033)

TO PROVIDE FOR THE INCORPORATION AND SUPERVISION

OF CORPORATIONS FORMED FOR THE PURPOSE OF MAKING

AGRICULTURAL AND LIVE-STOCK LOANS; 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

COMMITTEE ON BANKING AND CURRENCY.

House Op Representatives.

Sixty-seventh Congress, Fourth Session.

LOUIS T. McFADDEN, Pennsylvania, Chairman.

PORTER H. DALE, Vermont.
EDWARD J. KINO, Illinois.
FRANK D. SCOTT, Michigan.
ADOLPHUS P. NELSON, Wisconsin.
JAMES G. STRONG, Kansas.
LEONARD S. ECHOLS, West Virginia.
EDWARD S. BROOKS, Pennsylvania.
ROBERT LUCE, Massachusetts.
CLARENCE Macgregor, New York.
JAMES W. DUNBAR, Indiana.
LESTER V. VOLK, New York.
T. FRANK APPLEBY, New Jersey.
HENRY F. LAWRENCE, Missouri.
E. HART FENN, Connecticut.

Philip G. Thompson, Cleric.
II

OTIS WINGO, Arkansas.

HENRY B. STEAGALL, Alabama.

CHARLES H. BRAND, Georgia.

WILLIAM F. STEVENSON, South Carolina.

EUGENE BLACK, Texas.

T.ALAN GOLDSBOROUGH, Maryland.

CONTENTS.

Statements of— **w

Mr. Eugene Meyer, jr., managing director War Finance Corporation. 1

Hon. Edmund Piatt, vice governor Federal Reserve Board 102

Hon. Robert N. Stanfield, United States Senator from State of Oregon- 107 Mr. A. C. Williams, representative of the Texas and Southwestern

Cattle Raisers Association, Fort Worth, Tex 115

Mr. Martin F. Amorous, of Cobb County, Ga 125

Mr. C. W. Hunt, president Iowa Farm Bureau Federation, Des

Moines, Iowa 134

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