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Fifty Million Dollar Bankers Pool for Cattle Relief
Waddell explains the fifty million pool plan for cattle relief. Loans would go to banks only, secured by livestock, six month terms, with six month renewals. Participating certificates would be rediscountable at the Federal Reserve, bypassing direct loans to individuals. The piece critiques motives of New York bankers and contrasts with War Finance Corporation options.
MENTIONED IN THIS ARTICLE
Iit
W. N. Waddell
Fort Worth
Texas
Federal Reserve Bank
Privieges
Feredal Reserve Bank
Powers That Be
Washington
Congress
Federal Reserve Board
War Finance Corporation
Washington City
New York
Wall Street
Eastern Bankers i
Eastern Pool
Seattle
W.N. Waddell
Ft. Worth