Loans for Relief of Drainage Districts: Hearings Before the Committee on Agriculture and Forestry, United States Senate, Seventy-first Congress, Second Session, on S.4123 ... April 25 and 26, 1930 ...

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U.S. Government Printing Office, 1930 - 105 من الصفحات

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الصفحة 101 - No organization entitled to the privileges of this title, shall, without the approval of the Federal Farm Loan Board, be allowed to discount with any Federal Intermediate Credit Bank any note or other obligation, upon which the original borrower has been charged a rate of interest exceeding by more than...
الصفحة 103 - Had the power to raise money been conditioned or restricted to special purpose, the appropriation must have corresponded with it, for none but the money raised could be appropriated, nor could it be( appropriated to other purposes than those which were permitted.
الصفحة 98 - With a view, therefore, to making these arid lands available for agricultural purposes by an expenditure of public money, it was proposed that the proceeds arising from the sale of all public lands in these 16 States and Territories should constitute a trust fund to be set aside for use in the construction of irrigation works, the cost of each project to be assessed against the land irrigated, and as fast as the money was paid by the owners back into the trust it was again to be used for the construction...
الصفحة 98 - as used in this act shall be understood to mean that certain act of the Congress of the United States approved June 17, 1902, entitled ' An act appropriating the receipts from the sale and disposal of public lands in •certain States and Territories to the construction of irrigation works for the reclamation of arid lands,' and the acts amendatory thereof and supplemental thereto.
الصفحة 103 - to lay and collect taxes, duties, imposts, and excises' constitute a distinct, substantial power ; and the words ' to pay the debts and provide for the common defense and general welfare of the United States', constitute another distinct and substantial power?
الصفحة 103 - If powers granted are to be taken as broadly granted and as carrying with them authority to pass those acts which may be reasonably necessary to carry them into full execution ; in other words, if the Constitution in its grant of powers is to be so construed that Congress shall be able to carry into full effect the powers granted, it is equally imperative that where prohibition or limitation is placed upon the...
الصفحة 104 - Congress legislates for the general welfare. It promotes the general health and good education. Drainage eliminates malaria in many cases. It promotes the general welfare. It aids agriculture. If the end be legitimate, if it be within the scope of the Constitution, all means that are appropriate and that are plainly adapted to that end that are not prohibited, are constitutional. Congress has provided for the preservation of battlefields ; it has built railroads ; it has aided transcontinental railroads.
الصفحة 103 - It is contended on the one side that as the National Government is a government of limited power it has no right to expend money except in the performance of acts authorized by other specific grants according to a strict construction of their powers...
الصفحة 104 - ... that Congress have an unlimited power to raise money, and that in its appropriation they have a discretionary power, restricted only by the duty to appropriate it to purposes of common defense, and of general, not local, national, not State, benefit;" and this was avowed to be the governing principle through the residue of his Administration.
الصفحة 101 - ... each Federal Intermediate Credit Bank shall establish and promulgate a rate of discount to be approved by the Federal Farm Loan Board. Any Federal Intermediate Credit Bank which has made an issue of debentures under the...

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