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Brimfield News in Brimfield, Illinois

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Articles on This Page

This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Brimfield News

Location

Brimfield, Illinois, United States of America

Date

Jul 20, 1933

Page

6

Colombia A Gem Between Two Oceans Across Nations

Remarkable survey of Colombia framing it as a “Gem Between Two Oceans.” Describes historical ties with Cartagena and Tequendama Falls, the Amazon boundary dispute with Peru, the Leticia region, and Panama hat origins. Highlights coffee, emeralds, oil, and gold as Colombia’s wealth, plus ties to U S history and shaping of regional diplomacy.

North America Columbia United States South America Colombia Christopher Colombus North American Peru Amazon River Andes Ecuador Amazon Leticia Peruvierns Congresses of Bath League Arthur Brown Francisco Iglesias Spain Armando Mencia Cuba Lemos Basto Brazil Oscar Benavides Alfonso Lopez England Enrique Olaya Herrera Cartagena Carthage New World Columbus Lindbergh Bay of Pinarroa Leudo Hotel el Salto Tequendama Falls Pedro de Heredia Théme Athens Inzio Old World Uncle Sam Admiral Vernon Lawrence Washington Washington Virginia Mount Vernon George Washington Drake Hawkins Tequendama Bogota America Republic South Panama Panama City Union

Mortgage Relief Proposals in Three Year Economic Crisis

In Washington the economy faces foreclosure fears as mortgage holders slow to act. The Home Loan Act and revamped Farm Loan structure aim to restore confidence, with lenders delaying foreclosures to allow new bonds guaranteed by the government. The plan permits exchanging existing mortgages for 4 percent bonds, tax exempt, backed by federal guarantees, up to 90 percent of appraised value and fourteen thousand dollars mortgage limit.

Washington Hoover Roosevel Wilson Home Loan Administration Home Loan Board Home Owners Loan Corporation

Bonds and home loan acts shaping postwar mortgage relief

The text discusses the Home Owners' Loan Corporation and farm loan plans as a path to secure home ownership, including long term bonds, possible moratoriums, no loan commissions, and the option to pay with corporation bonds. It also covers the Treasury adopting a double budget system separating regular and extraordinary expenditures, with debate on balancing the regular budget versus relief funding.

Home Owners’ Loan Corporation United States Treasury Treasury Roosevelt

Also Mentioned on This Page

Elmo Scott Watson Ture Henry Morgenthau, Jr
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