Show LOANS FARMERS IN DUCHESNE COUN COUNTY T y A total ot of of federal federa 1 land bank and land bank com missioners ners farm fann mortgage mort gapa loans was made in duchesne county utah from june 1 1933 to may 1 1934 according to the farm credit administration inist ration of this total ifa in duchesne ducheane county used approximately or percent per cent to refinance their indebtedness by re financing farmers obtained new mor mortgage tiago loans which they used to repay their old debts they generally reduced their annual interest charges in doing so in a number of cases scale downs ol of indebtedness occurred in connection with the new loans tiles them and other advantages benefited farmers primarily secondly cz ci editors benefited from the receipt of cash or bonds in exchange tor for obligations they held of 0 tho loan money used by the farmers in duehesne duchesne county for re financing their debts about 2300 it was waa estimated repaid their debts to banks 1300 their taxes their debts to others cr creditors not separately classified including private mortgage lenders mortgage moraga e loan com cam panics retired farmers and many others to whom farmers were in debt A total ot of about SOO 00 OO of loans in the county was used for purposes other than the refinance ing of borrowers debts of this um bum was used for the purchase ot of land and equipment the construction of improvement of buildings and for general agricultural uses ip including the provision ot of capital while the balance apa used tor for the purchase ot of stock in national farm loan associations to loan fees etc |