Amendment to Federal farm loan act Hearings before the Committee on banking and currency of the House of representatives on , a bill to amend the act of Congress approved July 17, 1916, known as the Federal farm loan act to increase the limit of loans Thursday, November 13, 1919 . 30 AMENDMENT TO FEDERAL EARM LOAN AMENDMENT TP FEDERAL FARM LOAN ACT. 31 Mr. Corey. There have been some loans made, say, to husbandand wife, and under the letter of the law of course, there can be nodoubt of the legal right to loan to the wife and to the husband up tothe limit of $10,000. Mr. McFadden.
Amendment to Federal farm loan act Hearings before the Committee on banking and currency of the House of representatives on , a bill to amend the act of Congress approved July 17, 1916, known as the Federal farm loan act to increase the limit of loans Thursday, November 13, 1919 . 30 AMENDMENT TO FEDERAL EARM LOAN AMENDMENT TP FEDERAL FARM LOAN ACT. 31 Mr. Corey. There have been some loans made, say, to husbandand wife, and under the letter of the law of course, there can be nodoubt of the legal right to loan to the wife and to the husband up tothe limit of $10,000. Mr. McFadden. Where the farm is owned by the husband ? Mr. Corey. It is purely a question as to whether or hot the wifeand the husband have a separate title to either an undivided halfinterest in the land or an actual separation of the land owned as anentity. Now, very properly under the law, some of these loans weremade. The Farm Loan Board criticised that. They suggested thatthat might be looked upon as stretching the intent ofthe law, and thepractice, so far as I know, was stopped. Mr. Strong. It is an absolute violation of the spirit. You saidvery properly. I think a banker who does that violates the spiritof the law. Mr. McFadden. May I ask another question along that line? Itwas the intention of the law that the people who bor
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