It is now proposed to enlarge the loan rate to 50 per cent of the 'face value,' at a low rate of interest, thus imposing a potential cash outlay upon the Government of about $1,700,000,000, if all veterans apply for loans, less about $330,000,000 already loaned.
Herbert Hoover: “It is now proposed to enlarge the loan rate to 50 per cent of the 'face value,' at a low rate of interest, thus imposing…”
On the recordFebruary 25, 1931
Source
presidency.ucsb.eduEditor's note · Context
Veto of the Emergency Adjusted Compensation Bill.
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