Show LOAN SHARKS I ISCORE S SCORE I IBi i Bill Bi Designed to Keep Shy Shylocks Shylocks Shylocks locks Within Bounds Is Killed in the House I The T house yesterday esterday by b the tile adoption of the adverse report of ot the judiciary corn com committee mitten killed senate bill No Xo 15 I 1 by b enn r X x Smith This was vas a R bill bI designed to cur curtal curtail tall tail tal the operations of salary salar loan agencies j jl If l the bill had passed it I would have hae been ben i practically impossible for these loan sharks to do business within the tho state There Ther are eleven eleen of these concerns in Salt Sait five fie in Ogden of the possible action acton of the legislature of or the Salt Lake outfits threw up the tue sponge two weeks ago By the provisions previsions of the proposed act io to assignment of salary to be earned in the future to secure ture a loan of or less le than 2 could be valid ail against the employer unless U the assignment was wa personally acknowledged acknowledged edged in writing before the county re recorder recorder corder corer and the th document filed fed in his office o oI It I provided furthermore fu that if the em were a married man the assignment would not be b valid vald without the consent of the wile wife and her personal ac cc acknowledgment before the county count recorder The bill bi also contained a a provision that permitted the employer to waive alve such ac cc acknowledgment and also a provision that the lie law should not In any way affect any mercantile merante Institution or the securing of purchases purchase of groceries dry dr goods and th like by I assignment of or salaries or wages wage to be earned in the future future Te bill bi was ws passed passe by the senate nate unan unanimously and the action atlon of or the house hou In rejecting reJect g It was a a surprise and a di p to those who ho are familiar with the lie effect of ot the practice of usury by tb loan lon agencies It I is that that thata re request r request quest will wi be bl made n a the lie house that the I senate return for further consider consideration consideration consideration |