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PRIVATE DEBTS REDUCED NEW YORK, N. Y Oct. 13. The National Industrial Conference Board reported Mon-! day that the private long term debt in the depression years from 1930 to 1934 was cut more than ,000,000,000. The total for 1934 was placed at 6,757,000,000, as compared I I with 5,774,000,000 for 1930. J