EVICTION THREAT
Foreclosure on U.S. Farms CONGRESS URGED TO ACT (Received Jan. 24, 5.5 p.m.) Washington, Jan. 23. Declaring that unless Congress takes quick action 1000 farmers in every State will be evicted from their homes through foreclosure proceedings, .Representative Kleberg (Texas) to-day introduced a joint resolution urging Governors to issue a proclamation requesting the State Courts to defer foreclosure proceedings until Congress and the legislatures can pass mitigating legislation. It is generally believed that the resolution has a good chance of being adopted. As an example of the seriousness of the situation, Mr. Kleberg cited Texas, where, he said, 43 per cent, of all owner-operated farms are at present mortgaged for more than 500 million dollars. All the principal agricultural organisations endorse the resolution. A compromise was reached to-day by representatives of the House and Senate under which 90 million dollars will be made available for 1933 crop production loans.
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Dominion, Volume 26, Issue 103, 25 January 1933, Page 9
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151EVICTION THREAT Dominion, Volume 26, Issue 103, 25 January 1933, Page 9
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