FARMING CRISIS
MORTGAGE’HOLD MENACE IN U.S.A, THOUSANDS FACE EVICTION. (United Press Association--By Electric Telegraph-Copyright.) WASHINGTON, January 25. Declaring that unless Congress takes quick action, fully a thousand farmers in every state will be evicted from their homes' through foreclosure proceedings, Representative Kleberg, from Texas, to-day introduced in the House of Representatives a joint resolution urging the state governors to issue a proclamation the state courts to defer any foreclosure proceedings until Congress and the state legislatures can pass mitigating .legislation. It is generally believed that this resolution has a good chance of adoption. As an example of the seriousness of the situation, Mr Klebdrg cited the State of Texas, where, he says, fortythree per cent, of all of the owneroperated farms are at present mortgaged to the extent of more than five hundred million dollars. All of the principal 'agricultural organisations endorse the resolution.
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Hokitika Guardian, 25 January 1933, Page 5
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144FARMING CRISIS Hokitika Guardian, 25 January 1933, Page 5
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