OCR Text |
Show FRAUD IS CHARGED; CHARTERS WITHHELD WASHINGTON. Oct. 8. Because of nu-rrifion. nu-rrifion. i-onipiaims that fraud has been praetieed In the organization of joint stock land banks, under the new rural credits la.v. Hie farm loan board announced tonight to-night that no charter would be granted to any joint stock land bank in the organization or-ganization to which there had been an expense of promotion, and that the consideration consid-eration of charters for these banks would lie deferred until the completion of the organization of the federal farm loan system. sys-tem. TIiq board has received information that swindlers have sold fraudulent joint stock land bank slock to needy farmers in many Meet inns, and that in some cases men of good standing have lie en misled into becoming be-coming officers and stockholders in these enterprises. |