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and the amount collected in the last several years. I would like to have it in the record. Do you have it, Mr. McElveen?

Mr. McELVEEN, No; I have it partially, but not as complete as you would like to have it.

. FLANNAGAN. You may get up a statement and file it for the IreCOrd.

Mr. McELVEEN. Yes, sir.

(Table showing the total number and amount of crop and feed loans made from 1918 through 1943, with principal collections to and outstanding balances on December 31, 1943, by States and by Emergency Crop and Feed Loan offices, follows. There is also included a table showing number and amount of 1934–35 drought feed loans made, by States, with collections to and balances outstanding on December 31, 1943.)

1918–43 emergency crop and feed loans—number and amount of loans made and collected through Dec. 31, 1943, and balances outstanding, Dec. 31, 1943

Loans made Collections Balance outstanding
State and office Percent -
Numbered Amount Amount of loans | Numbered Amount
made

Maine---------------------- 12, 274 $3,412,020 $2,738, 511 80.3 3,877 $673, 509
New Hampshire 1, 248 157. 610 118,619 75.3 391 38.991
Vermont------ 2,463 304, 878 226,660 74.3 766 78,218
Massachusetts 1,378 292, 758 246,950 84.4 319 45,808
Rhode Island- 6 *1,560 1, 213 77.8 2 347
Connecticut- 903 209, 160 187, 129 89.5 138 22,031
New York__ 9, 290 1,583,955 1,365, 184 86.2 1,773 218, 771
New Jersey----------------- 2, 296 493,683 427,997 86.7 511 65,686
Springfield total.------ 29,858 6,455,624 5, 312, 263 82.3 7,777 1, 143, 361
Pennsylvania--------------- 19, 326 2,761,899 2, 136, 326 77.3 5,294 625, 573
Delaware--- 1, 947 248,027 187,741 75.7 640 60,286
Maryland- 9,440 1,269.012 921, 203 7.2. 6 3, 262 347, 809
Virginia- - - - 132,790 12, 204, 574 10,406, 556 85.3 26,314 1,798,018
West Virginia- 16, 126 1,239, 836 864,728 69.7 5, 723 375, 108
Puerto Rico.---------------- 34,208 7, 215, 116 5,747, 227 79.7 8,740 1,467, 889
Baltimore total ------- 213,837 24, 938, 464 20, 263, 781 81.3 49,973 4,674,683
North Carolina------------- 289, 350 27,520,754 26,031,493 94.6 32,403 1,489,261
South Carolina- 308,864 33,619, 450 31, 200,031 92.8 50, 513 2,419,419
Georgia.--------- - 337,684 35,334,980 32,780, 816 92.8 58,462 2,554, 164
Florida--------------------- 36, 164 4, 397, 404 2,892,364 65.8 12. 985 1,505,040
Columbia total ------- 972,062 100,872, 588 92, 904,704 92.1 154.363 7,967,884
136, 902 9,708, 325 8,819, 561 90.8 22,458 888, 764
155, 530 14, 123, 127 12, 275,868 86.9 31,798 1,847, 259
252,283 20, 542, 561 18, 822, 518 91.6 53,474 1,720,043
208, 436 17, 228, 607 16,040, 677 93.1 35,797 1, 187, 930
Arkansas------------------- 322,484 27, 704, 113 24,838, 145 89.7 84,913 2,865, 968
Memphis total-------- 1,075, 635 89,306, 733 80, 796, 769 90.5 228,440 8, 509,964
Ohio------------------------ 21,079 2, 218, 118 1,881,996 84.8 3,849 336, 122
Kentucky------------------ 99, 195 6, 210, 294 5, 158, 106 83. 1 22,952 1,052, 188
Indiana--------------------- 18, 734 2,078, 109 1, 704, 771 82.0 4,072 373,338
Illinois---------------------- 14,796 1,719,839 1,474, 759 85.7 2,780 245,080
Missouri-------------------- 63,608 6,370,742 5,052,855 79.3 20, 285 1,317,887
St. Louis total.-------- 217,412 18, 597,102 15,272.487 82. 1 53,938 3,324,615
Michigan------------------- 29, 541 2,605,087 2,048,959 78.7 8,678 556, 128
Wisconsin------------------ 36,415 2,582, 550 1,815, 337 70.3 12,795 767,213
- 62,245 7,356,951 4,994, 509 67.9 25,439 2,362, 442
236,770 45,068, 802 16,003,041 35.5 161,357 || 29,065,761
St. Paul total--------- 364,971 57,613,390 24,861,846 43.2 208,269 | 32,751,544

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1918–43 emergency crop and feed loans—number and amount of loans made and collected through Dec. 31, 1943, and balances outstanding, Dec. 31, 1943—Con.

Loans made Collections Balance outstanding
State and office Percent
Numbered Amount Amount of loans | Numbered Amount
made

Iowa------------------------ 9,845 $1,391, 218 $1,256, 562 90.3 1, 269 $134,656 132, 121 o 250 12, 149,037 46.2 77,614 || 14, 149,213 51, 803 7, 814,868 5, 570, 340 71.3 17,351 2, 244, 528 13, 360 2,326, 513 1,650, 330 70.9 4, 968 676, 183 Omaha total---------- 207, 129 37, 830, 849 20,626, 269 54.5 101,202 || 17, 204, 580 Kansas--------------------- 84,040 14, 179,682 8,525,476 60.1 37,080 5,654, 206 Oklahoma- 82,076 7,658,591 5,749, 717 75.1 27,426 1,908, 874 Colorado------- 40, 577 6, 454,009 3,980, 613 61.7 19,050 2, 473,396 New Mexico.---------------- 37,478 5, 631, 840 3,723,412 66.1 17,372 1,908, 428 Wichita total.--------- 244, 171 33,924, 122 21,979, 218 64.8 100,928 11, 944,904 Texas (Dallas)-------------- 374,585 43, 132,958 36,077,950 83.6 83, 162 7,055,008 4,634 984, 625 779,899 79.2 1, 149 204, 726 16, 210 1,878,634 1,657, 451 88.2 2,590 221, 183 516 , 851 75, 853 93.8 49 ,998 12,913 2,974,936 2, 589,072 87.0 1,964 385, 864 320 94, 90 93, 98.8 6 1, 133 Salt Lake City total -- 34,593 6,013, 953 5, 196,049 86.4 5, 758 817,904 Montana 103,326 19, 172, 801 9,945, 749 51.9 53,317 9, 227, os2 Idaho-------- 20, 235 3,277,255 2,957, 996 90.3 2,882 319, 259 Washington- - 17,343 5, 244, 939 4, 515,798 86.1: 3, 269 729, 141 Oregon--------------------- 10, 243 1, 551, 604 1, 290,555 83.2 2, 157 261,049 Spokane total.--------- 151,147 29, 246, 599 18, 710,098 64. 0 61,625 | 10, 536, 501 Total----------------------- 3, 885, 400 447,932,382 342,001, 434 76.4 || 1,055, 435 | 105,930,948 1918–19 loans---------------- 15,973 4, 200,883 3, 148,433 74. 9 3,884 1,052,450 Miscellaneous adjustments - |------------ —156, 531 -197,832 ||----------|------------ 41, 301 344, 952,035 76.3 1,059, 319 107,024, 699

Grand total.----------

3,901, 373 451,976, 734

U. S. Department of Agriculture, Farm Credit Administration, Division of Finance and Accounts.

1934–35 drought relief loans—number and amount of loans made and collected

through Dec. 31, 1943, and balances outstanding, Dec. 31, 1943

Loans made Collections Balance outstanding
State and office Percent
Number Amount Amount of loans || Number Amount
made

New York (Springfield)----- 399 $48,823 $42,840 87.7 87 $5,983
Pennsylvania (Baltimore) 1-|------------|-------------- 130 ----------|------------|------------
Florida (Columbia) --------- 964 397,701 331,422 83.3 445 66,279
Alabama ------------------------------|-------------------------------------- 1 75
Louisiana---- 110,090 24.3 6,428 342, 463
Arkansas------------------- 296,392 43.4 8,681 387,010
Memphis total.-------- 20,771 1, 135,955 406,482 35.8 15, 110 729, 548
9hio'------------------------------------------------ 120 100.0 ------------|------------
Indiana 1- -- ------------------- 52 100.0 ------------|------------
Illinois--- - 1,450 125,359 103,923 82.9 279 21,436
Missouri-------------------- 20, 610 2,031,368 1, 197, 811 59.0 8,917 833, 505
St. Louis total -------- 22,060 2, 156,727 1,301,906 60.4 9, 196 854,941

1 Amounts shown transferred from drought area.

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1934–35 drought relief loans—number and amount of loans made and collected through Dec. 31, 1943, and balances outstanding, Dec. 31, 1943–Continued

Loans made Collections Balance outstanding State and office Percent Numbered Amount Amount of o Numbered Amount Inacle Michigan "------------------|------------|-------------- $876 ---------- 3 $799 Wisconsin------------------ 5,777 $1,024,851 504,199 49.2 3, 169 520,652 Minnesota------------------ 27, 133 6,683,957 2,601,902 38.9 16,932 4,081,232 North Dakota.-------------- 44,404 12, 119,681 2,087, 286 17.2 37,244 || 10,032, 161 St. Paul total.--------- 77,314 19,828,489 5, 194,263 2 57,348 14,634,844 7, 154 1,012, 389 o 741,005 73.2 2, 153 271, 126 43,989 16, 263, 348 6,011, 073 37.0 y 10,252, 175 Nebraska- 24,916 7,257,093 3,322,822 45.8 14, 376 3,933, 846 Wyoming- 3,305 2,830, 567 2, 119,808 74.9 1,410 710,675 Omaha total.---------- 79, 364 27, 363,397 12, 194,708 44.6 47, 848 15, 167,822 Kansas--------------------- 16,412 3,382, 690 1,475,041 43.6 9,499 1,907,574 Oklahoma------------------ 12, 518 1, 150,297 693,769 60. 3 6, 623 456, 528 Colorado-------------------- 7,408 2,333,062 1,438,660 61.7 4,009 894, 402 New Mexico.--------------- 5,482 1,813,062 1,301, 877 71.8 2,821 511, 185 Wichita total.----------- 41,820 8,679, 111 4, 909, 347 56.6 22,952 3,769,689 Texas (Dallas)-------------- 42,834 6,970, 224 4, 236, 709 60.8 23,726 2,733,515 Arizona--------------------- 278 60,398 47,478 78.6 51 12,920 Utah----------------------- 4,007 1,752,497 1, 100,293 62.8 1,934 652,203 Nevada--------------------- 102 119,618 99, 579 83.3 18 20,039 California------------------- 1, 251 241,049 199,980 83.0 229 41,069 Salt Lake City total.-- 5, 638 2, 173,562 1,447,330 66.6 2,232 726, 231 6,396 1,672,064 870, 760 52. 1 3, 552 801, 304 1,678 1,051, 717 725,860 69.0 729 325,857 1, 175 387,954 259, 863 67.0 461 128,091 201 142,816 103,898 72.7 87 38,918 9,450 3,254,551 | 1,060,381 602 | 4,829 1, 294, 170 300, 614 72,008, 540 32,025, 518 44.5 183,773 || 39,983,022

1 Amounts shown transferred from drought area. U. S. Department of Agriculture—Farm Credit Administration—Division of Finance and Accounts.

Mr. FLANNAGAN. We also have with us Mr. Lovic Ponder, State Supervisor of Georgia. Mr. Pond ER. Yes, sir.

STATEMENT OF LOWIC B, PONDER, STATE SUPERVISOR, MADISON, GA., EMERGENCY CROP AND FEED LOAN DIVISION, FARM CREDIT ADMINISTRATION

Mr. FLANNAGAN. What States do you cover? Mr. PoNDER. Just one, the State of Georgia. Mr. FLANNAGAN. Just the State of Georgia? Mr. Pond ER. Yes, sir. Mr. FLANNAGAN. You have heard Mr. Lindsey testify? Mr. PoNDER. Yes, sir. Mr. FLANNAGAN. I will ask you to state for the purpose of the record if you agree substantially with the evidence given by Mr. Lindsey?

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Mr. Pond ER. Yes, sir. Mr. FLANNAGAN. Is there anything further? Mr. CoolEY. Mr. Ponder, I suppose you have considered this section of the bill which deals with personnel which provides that: “There shall be transferred to the Corporation such of the personnel available, on the effective date of this act, for the discharge of the functions, powers, or duties abolished or transferred by this act, as the Secretary of Agriculture determines are qualified and necessary to carry out the activities of the Corporation”? Mr. Pond ER. That is right. Mr. CoolEY. That language meets with your approval? Mr. Pond ER. Yes, sir. - Mr. CoolEY. I would like to say, in that connection, that the Administrator of the Farm Security Administration has stated to this committee publicly that in effecting any sort of reorganization, in the event this bill becomes law, that he will give the same careful consideration to qualified personnel in the Emergency Feed and Seed Loan Division and in the R. A. C. C. as was given to the F. S. A. as to personnel. There is another section about compromising claims. We have provided right broad authority for adjusting, compromising, and in some cases reducing and writing off certain of these old obligations which have been hanging on for years. Do you think that language is sufficient to take care of that situation in connection with the collection of a lot of these worthless claims? Mr. Ponder. Some of those loans possibly could be collected and SOme not. Mr. CoolEY. We do not write them off. We provide that the Corporation will review a man's situation, determine his ability to pay, and then reduce his obligations to a point where it might be hoped that he could meet his obligations in the future, and in some instances. charge them off entirely. Mr. Pond ER. I presume it would be all right. Mr. CoolEY. In that section, if it is a substantial amount, in excess of $10,000, it shall be effected by reference to the Secretary of the Treasury or the Attorney General, pursuant to existing law. Mr. PACE. Mr. Ponder, do you have available now, or would you like to supply later, a financial statement of the operations of the Emergency Feed and Seed loans in Georgia for the last several years? Mr. Pond ER. I can give you some figures, but not as complete as I would like to have for you. Mr. PACE. But not as complete as you would like to have? Mr. Pond ER. Yes, sir. I can give those for the information of the committee right now, if you would like to have them. Mr. FLANNAGAN. We will give you permission to prepare that statement and send it in for the purpose of the record. Mr. PACE. Prepare it and send it to me. I would like to have in the record a complete statement of your operations in Georgia. I have no further questions, Mr. Chairman. Mr. FLANNAGAN. We desire to thank all of you gentlemen for appearing before us. (The statement referred to above is as follows:)

EMERGENCY CROP AND FEED LoAN OFFICE, U. S. DEPARTMENT OF AGRICULTURE, FARM CREDIT ADMINISTRATION, Columbia, S. C., May 18, 1944. Hon. STEPHEN PACE, Member of Congress, House Office Building, Washington, D. C.

DEAR MR. PACE: As per your request I am giving you below statistical information in connection with loans made in Georgia. Mr. McElveen will send you information covering the four States in the Columbia region, Florida, Georgia, North Carolina, and South Carolina, as statistical records are kept by regions more than broken down by States.

Georgia Loans Collected Year Number Amount Number Amount Percent 1926-43------------------------------------ 325,875 $35,310,454.42 268,367 $32,810,857.39 92.92 1942--------------------------------------- 12,372 1,786, 780.00 11,663 1,743,339.47 97. 57 1943--------------------------------------- 10,764 1, 737,025.00 10,081 1,688,457.44 97.20 1944--------------------------------------- 8,870 1,657, 160.00 ----------|----------------|-------

Above figures as of Apr. 30, 1944.

The cost per loan is figured for the region and not by States, and I am giving you below the cost per loan for the region for the years 1937 through 1943. I do not believe a record can be secured further back than 1937.

- Cost per Cost per Year: loan | Year—Continued. loan 1937--------------------- $2.85 | 1941--------------------- $2.57 1938--------------------- 2. 76 1942--------------------- 2. 58 1939--------------------- 2. 69 1943--------------------- 2. 65 1940--------------------- 2. 62

The cost per loan in Georgia would be less than for the region. The small number of loans made in Florida naturally brings the average cost per loan higher for the four States.

I am enclosing, in accordance with your request, statistical information fur

nished by our central office in connection with loans made and collected in the United States, which you will find self-explanatory.

Very truly yours,

- Lovic B. Pond ER, State Supervisor.

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