Word: delinquenciesâ
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...about three out of four farmers had kept up their Farm Loan payments Commissioner Bestor thought was "an excellent showing under the circumstances." To rebut the notion that the Farm Loan Board was a harsh moneylender, he declared that only 3,848 loans ?less than 6% of the delinquencies???had been foreclosed this year. Said he: "There are some individual farmers who owe everybody in the country and it's not worth while to carry them...
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