Unfortunately, not a core area of interest for me, so I don’t have much particular knowledge on the topic. All I can really say is that some early 20th century business practices were really ad hoc, so it’s not unbelievable that some banks may not have kept comprehensive backups or other forms of documentation, which, in turn, could make any ongoing or subsequent civil cases over prior payment vs. nonpayment “He said vs. she said”, which is certainly more favorable for any of the (many) folks at the time who were struggling to pay their mortgages.
Unfortunately, not a core area of interest for me, so I don’t have much particular knowledge on the topic. All I can really say is that some early 20th century business practices were really ad hoc, so it’s not unbelievable that some banks may not have kept comprehensive backups or other forms of documentation, which, in turn, could make any ongoing or subsequent civil cases over prior payment vs. nonpayment “He said vs. she said”, which is certainly more favorable for any of the (many) folks at the time who were struggling to pay their mortgages.
Interesting, thank you for your assessment.