Extending Credit to Germany: Hearing Before a Subcommittee of the Committee on Ways and Means (House of Representatives, Sixty-sixth Congress, Second Session) on H.R. 13090, a Bill to Amend the War Finance Corporation Act ...U.S. Government Printing Office, 1920 - 46 sidor |
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abroad Alien Property Custodian ALLEN allied Governments American Farm amount annual foreign debts armies of occupation armistice bankers banks bill billion dollars bonds CARTER GLASS cattle cent Chairman committee CONGRESS THE LIBRARY cotton credit to Germany currency England estimate Europe owed European countries export business export trade exports of merchandise extended farmers food and raw foodstuffs and raw foreign exchange GARNER gentlemen German Government Germany's going gold governmental HAWLEY HEINEMANN increase industrial interest international money situation investments J. P. Morgan labor legislation letter LIBRARY OF CONGRES LIBRARY OF CONGRESS lien liquidation Live Stock Exchange live-stock producer loan Loeb & Co March 26 months National Grange National Live Stock needs neutral countries payment purchase railroads raw materials reparations commission resources of Germany Secretary securities Smith statement supplies surplus taxation taxes tions to-day treaty United States Government War Finance Corporation WATSON York Sun
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Sida 12 - The payment for such supplies of food and raw material for Germany and such other payments as may be judged by the Allied and Associated Powers to be essential to enable Germany to meet her obligations in respect of reparation will have priority to the extent and upon the conditions which have been or may be determined by the Governments of the said Powers.
Sida 12 - November 11, 1918, shall first be met, and such supplies of food and raw materials as may be judged by the Governments of the Principal Allied and Associated Powers to be essential to enable Germany to meet her obligations for reparation may also, with the approval of the said Governments, be paid for out of the above sum.
Sida 27 - ... him under such contract (A) a provision for the renegotiation by such Secretary and the subcontractor of the contract price of the subcontract at a period or periods when, in the judgment of the Secretary, the profits can be determined with reasonable certainty, (B) a provision for the retention by the United States or the repayment to the United States of any amount of the contract price of the subcontract which is found as a result of such renegotiation, to represent excessive profits, and...
Sida 6 - If there is no objection on the part of the committee, the hearings will be concluded to-day — unless we desire to wait and hear Mr.
Sida 8 - United States for the movement of exports, a process which has already proceeded too far, but in the movement of goods, of investment securities and, in default of goods or securities, then of gold into this country from Europe; and in order that such securities may be absorbed by investors our people must consume less and save. "The United States could not, if it would, assume the burdens of all the earth.
Sida 10 - So soon as domestic stocks, which were very low at the time of the armistice, have been replenished, those industries which have been developed to meet a demand for great exports, paid for out of government war loans, will be forced to close plants and forego dividends unless they maintain and develop an outlet abroad. The industries of the country must be brought to a realization of the gravity of this problem, must go out and seek markets abroad, must reduce prices at home and abroad to a reasonable...
Sida 10 - Euproe, must contribute to increase production. The industries of Europe, of course, can not be set to work without raw materials, machinery, etc., and, to the extent that these are to be secured from the United States, the problem of financing the restoration of Europe belongs primarily to our exporters. Governmental financial assistance in the past and talk of plans for future Government or banking aid to finance exports...
Sida 10 - Governmental financial assistance in the past and talk of plans for future Government or banking aid to finance exports have apparently led our industrial concerns to the erroneous expectation that their war profits, based so largely on exports, will continue indefinitely without effort or risk on their part.
Sida 7 - ...The Governments of the world must now get out of banking and trade. ..The Treasury is opposed to governmental control over foreign trade and even more opposed to private control...
Sida 9 - State thereof and, regardless of its location, principally engaged in such phases of international or foreign financial operations as may be necessary to facilitate the export of goods, wares, or merchandise from the United States or any of its dependencies or insular possessions to any foreign country: Provided, however. That in no event shall the total investments authorized by this section by any one national bank exceed 10 per centum of its capital and surplus.