The Federal Farm Loan Act of 1916 (Pub.L. 64-158, 39 Stat. 360, enacted July 17, 1916) was a United States federal law aimed at increasing credit to rural, family farmers. It did so by creating a federal farm loan board, twelve regional farm loan banks and tens of farm loan associations. The act was signed into law by President of the United States Woodrow Wilson.
Read more about Federal Farm Loan Act: Background, Effect On The Rural Farmer, Structure of Implementation
Famous quotes containing the words federal, farm, loan and/or act:
“Daniel as a lad bought a handkerchief on which the Federal Constitution was printed; it is said that at intervals while working in the meadows around this house, he would retire to the shade of the elms and study the Constitution from his handkerchief.”
—For the State of New Hampshire, U.S. public relief program (1935-1943)
“What is a farm but a mute gospel? The chaff and the wheat, weeds and plants, blight, rain, insects, sun—it is a sacred emblem from the first furrow of spring to the last stack which the snow of winter overtakes in the fields.”
—Ralph Waldo Emerson (1803–1882)
“Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
This above all: to thine own self be true,
And it must follow, as the night the day,
Thou canst not then be false to any man.”
—William Shakespeare (1564–1616)
“There is a distinction to be drawn between true collectors and accumulators. Collectors are discriminating; accumulators act at random. The Collyer brothers, who died among the tons of newspapers and trash with which they filled every cubic foot of their house so that they could scarcely move, were a classic example of accumulators, but there are many of us whose houses are filled with all manner of things that we “can’t bear to throw away.””
—Russell Lynes (1910–1991)