Salt Lake Telegram | 1937-08-19 | Page 26 | Utahns Lead Loan Defaults

889,932, 1593 loam for $4,228,122 were in default on Juna 30. Utah farmer who have mat payments pay-ments on time total 3827 and their loana aggregated $10,280,635. UTAHNS LEAD 40AHIEFAUUS Mors than one-fourth of Utah farmers who have obtained loans from the federal land bank are in default on repayments, a special dispatch from Washington, D. C, said Thursday. The disclosures were contained tit a report sent to congiess by the land bank. The rate of delinquency in Utah, 26.3 per cent, is the highest In the nation and is more than twice the average national rate of 11.2 per cent, said the report. Of 8919 Utah loans, totaling $19,-