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accumulation American amount average banker bond buyers bond issues borrower capital capital accumulation cent certificates coal companies conservation consumption cooperative corporate bonds corporation cost credit unions debt demand deposits district dollars earnings economic effect Europe expenditure export fact farm loan farmers federal land bank financing foreign funds government bonds income increase individual industrial institutions investment investment bonds investor labor Liberty Bonds Liberty Loan living loan associations manufacturing material ment method mortgage mortgage loans municipal bonds necessary needs nomic obligations operation organization paid payment period practically preferred stock present principal problem production profits purchase railroad rate of interest real estate result savings bank savings stamps securities sell spending supply thrift tion United utility waste wealth York Stock Exchange
Page 47 - All such bonds and certificates shall be exempt, both as to principal and interest from all taxation now or hereafter imposed by the United States, any State, or any of the possessions of the United States, or by any local taxing authority...
Page 93 - Such loans may be made for the following purposes and for no other : (a) To provide for the purchase of land for agricultural uses. (b) To provide for the purchase of equipment, fertilizers and live stock necessary for the proper and reasonable operation of the mortgaged farm; the term "equipment" to be defined by the Federal Farm Loan Board. (c) To provide buildings and for the improvement of farm lands ; the term "improvement" to be defined by the Federal Farm Loan Board.
Page 95 - That such losses, if any, either of interest or of principal, shall be assessed by the Federal Farm Loan Board...
Page 110 - ... public utilities in which other nations have a moral right. For instance, the discriminatory control of ships, railways, waterways, coal and iron in such a manner as to prevent the resumption of production by other states will inevitably debar economic recuperation...
Page 107 - Armistice, the creation of new governments, their inexperience, and friction between these governments in the readjustment of economic relations. The proper and insistent demand of labor for higher standards of living and a voice in administration of their effort has unfortunately become impregnated with the theory that the limitation of effort below physical necessity will increase the total employment or improve their condition.
Page 103 - This is the time for America to correct her unpardonable fault of wastefulness and extravagance. Let every man and every woman assume the duty of careful, provident use and expenditure as a public duty, as a dictate of patriotism which no one can now expect ever to be excused or forgiven for ignoring.
Page 95 - ... per annum on the unpaid principal, said two rates combined constituting the interest rate on the mortgage; and, third, such amounts to be applied on the principal as will extinguish the debt within an agreed...
Page 46 - That within the first fifteen days of each calendar month after the date of approval of this Act until the expiration of one year after the termination of the war...
Page 106 - Europe managed to maintain armies and navies, together with a comparatively small class of nonproducers, and to gain slowly in physical improvements and investments abroad, but these luxuries and accumulations were only at the cost of a dangerously low standard of living to a very large number. The productivity of Europe in prewar times had behind it the intensive stimulus...