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Secretary Wallace boosts president's suggestion for rural security loans. Washington, D.C., July 12. Secretary of Agriculture Henry Wallace told the Senate Banking and Currency Committee today that the president's suggestion for loans totaling $600,000,000 for rural security projects is prudent and economic policy. He said there are 42,000 new tenant farmers each year, and 'if we continue to refuse aid to these needy families, many of them will inevitably drift in to the cities in an effort to get some kind of help there. The cost of supporting them on relief obviously will be far greater than the sum necessary to help them get a new start on the land'
[Group: Homer S. Cummings, right; Henry A. Wallace, Ellison D. Smith, and Joseph T. Robinson, center front; Joseph Byrns, far right. White House, Washington, D.C.]
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Secretary Wallace boosts president's suggestion for rural security loans. Washington, D.C., July 12. Secretary of Agriculture Henry Wallace told the Senate Banking and Currency Committee today that the president's suggestion for loans totaling $600,000,000 for rural security projects is prudent and economic policy. He said there are 42,000 new tenant farmers each year, and 'if we continue to refuse aid to these needy families, many of them will inevitably drift in to the cities in an effort to get some kind of help there. The cost of supporting them on relief obviously will be far greater than the sum necessary to help them get a new start on the land'
Secretary Wallace boosts president's suggestion for rural security loans. Washington, D.C., July 12. Secretary of Agriculture Henry Wallace told the Senate Banking and Currency Committee today that the president's suggestion for loans totaling $600,000,000 for rural security projects is prudent and economic policy. He said there are 42,000 new tenant farmers each year, and 'if we continue to refuse aid to these needy families, many of them will inevitably drift in to the cities in an effort to get some kind of help there. The cost of supporting them on relief obviously will [be far greater than] the sum necessary to help them [get a new start on the land']
Secretary Wallace boosts president's suggestion for rural security loans. Washington, D.C., July 12. Secretary of Agriculture Henry Wallace told the Senate Banking and Currency Committee today that the president's suggestion for loans totaling $600,000,000 for rural security projects is prudent and economic policy. He said there are 42,000 new tenant farmers each year, and 'if we continue to refuse aid to these needy families, many of them will inevitably drift in to the cities in an effort to get some kind of help there. The cost of supporting them on relief obviously will be far greater than the sum necessary to help them get a new start on the land'
Senate Banking and Currency Committee hears Secretary Wallace. Washington, D.C., June 7. Secretary of Agriculture, Henry Wallace, today told the Senate Banking and Currency Committee that he approved the bill to revamp the Farm Credit System because farmers need relief from 'excessive interest charges and debts which they cannot pay. In addition,' he said, '60 percent of all the National Farm Loan Associations have had their capitol so impaired that they cannot make new loans. Beyond question there is room for improvement in both the general farm credit situation and the Federal Land Bank System'
Secretary Wallace at Senate Banking and Currency Committee. Washington, D.C., June 7. Secretary Henry Wallace today told the Senate Banking and Currency Committee, which is considering a bill to revamp the Farm Credit System, that farmers need relief from 'excessive interest charges and debts which they cannot pay.' He approved the general objectives of the bill, but suggested changes which he said would result in a 'sounder government credit policy,' and clear up the present 'farm debt muddle.' Shown in the picture, left to right: Senator John H. Bankhead 2nd, Alabama; Senator James F. Byrnes, South Carolina; and Secretary Henry Wallace, Agriculture
Senate Banking and Currency Committee hears Secretary Wallace. Washington, D.C., June 7. Secretary of Agriculture, Henry Wallace, today told the Senate Banking and Currency Committee that he approved the bill to revamp the Farm Credit System because farmers need relief from 'excessive interest charges and debts which they cannot pay. In addition,' he said, '60 percent of all the National Farm Loan Associations have had their capitol so impaired that they cannot make new loans. Beyond question there is room for improvement in both the general farm credit situation and the Federal Land Bank System'
Secretary Wallace at Senate Banking and Currency Committee. Washington, D.C., June 7. Secretary Henry Wallace today told the Senate Banking and Currency Committee, which is considering a bill to revamp the Farm Credit System, that farmers need relief from 'excessive interest charges and debts which they cannot pay.' He approved the general objectives of the bill, but suggested changes which he said would result in a 'sounder government credit policy,' and clear up the present 'farm debt muddle.' Shown in the picture, left to right: Senator John H. Bankhead 2nd, Alabama; Senator James F. Byrnes, South Carolina; and Secretary Henry Wallace, Agriculture
Secretary of Agriculture confers with Congressional cotton bloc. Washington, D.C., Feb. 1. Secretary of Agriculture Henry A. Wallace today conferred with members of the Congressional Cotton Bloc regarding plans for reducing the cotton surplus held under government loans. Senators were unable to reach a final agreement upon a plan which would permit farmers to retire cotton from loan in lieu of planting compatible acreage. Wallace is picture with Rep. Marvin Jones, left, Chairman of the House Agriculture Committee, and Senator Ellison 'Cotton Ed' Smith, Chairman of the Senate Agriculture Committee
Corn loans "immediate necessity" President Roosevelt told. Washington, D.C., Oct. 20. Corn loans of 60 cents a bushel are an "immediate necessity", Edward R. O'Neal, (center) President of the American Farm Bureau Federation, told President Roosevelt at a White House conference today. The condition of farm prices is one reason for the stock market being so jittery, O'Neal told newsmen following the call. Earl Smith, (left) President oft he Illinois Agricultural Association, and Clifford H. Gregory, Editor of Wallace's Farm Journal, were also in on the Conference. 10/20/37
Secretary Wallace boosts president's suggestion for rural security loans. Washington, D.C., July 12. Secretary of Agriculture Henry Wallace told the Senate Banking and Currency Committee today that the president's suggestion for loans totaling $600,000,000 for rural security projects is prudent and economic policy. He said there are 42,000 new tenant farmers each year, and 'if we continue to refuse aid to these needy families, many of them will inevitably drift in to the cities in an effort to get some kind of help there. The cost of supporting them on relief obviously will be far greater than the sum necessary to help them get a new start on the land'
Summary
A group of men sitting around a table.
Public domain portrait photograph, free to use, no copyright restrictions image - Picryl description
- Economic policy Black and White Stock Photos & Images - Alamy
- Help for the needy Black and White Stock Photos & Images - Alamy
- Prudent Black and White Stock Photos & Images - Alamy
- Familias rurales Imágenes de stock en blanco y negro - Alamy
- Henry wallace Imágenes recortadas de stock - Alamy
- Ayudar a los necesitados Imágenes de stock en blanco y negro
- Necesitado Imágenes de stock en blanco y negro - Alamy
- Comité rural Imágenes recortadas de stock - Alamy
- Personas necesitadas Imágenes de stock en blanco y negro - Alamy
- Política económica Imágenes recortadas de stock - Alamy
Tags
district of columbia
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wallace
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secretary wallace boosts president
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security
loans
security loans
agriculture
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agriculture henry wallace
senate
currency
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currency committee today
projects
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tenant
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tenant farmers
year
aid
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kind
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united states history
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library of congress
Date
1900 - 1940
Contributors
Harris & Ewing, photographer
Location
Washington, District of Columbia, United States
,
38.90719, -77.03687
Source
Library of Congress
Link
Copyright info
No known restrictions on publication.