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Show Fish Demands Probe' Of Government Loan On Eve of Failure collateral for the loans. It appear that the same Mr. Hecht Is a director direc-tor of the Union Indemnity company, which failed shortly sfler receiving a loan from, the R. F. C. It now develops de-velops that one or more of the loans made to th Union Indemnity company com-pany or Its holding company was turned over to th Hinernia Bank and Trust company of New Orleans, of which Mr. Hecht Is president I I Friand of Sanitor Long Flg- urt in Daal, According to Congrtttma" WASHINGTON. Feb. 1 CTS-An Jsnmediat department af Justice Investigation In-vestigation of i "rotten me" Involving Involv-ing Rudolph S. Hecht New Orlesns banker and political illy of Senator fluey Long of Louisiana, wa depended de-pended in th ho us of representatives representa-tives by Representative Hamilton fun Jr. (Rep.). New York. The New York congressman urged (hat th federal agent b sent to look Into th part Mr. Hecht played hi obuming R. F. C. loan for hla New Orleans Insurance company Just prior to Its failure. Mr. Hecht la chairman of the R. F C. advisory board in th Louisiana city and, at th same time, Representative Represen-tative Fish asserted, I vie president of the Union Indemnity company, how tailed, to which th loan was toad. Likewise, according to the lew York congressman, Mr. Hecht as president of the Hibernla National bank of New Orleans, to which, Mr. fish alleged, th insurance company Joan was diverted. a "I am convinced from a partial Investigation," In-vestigation," aaid Mr. Fish, "that the loans mad to th Union Indemnity tompany and Its affiliate should be esnmedistely investigated, not only )y the R. F. C. but alao by th oe-axrtment oe-axrtment of Justice. "Th loan of th R. F. C. must be abov suspicion, and no opportunity ai forded th 'Insider' of corporations about to fail to recoup their persons 1 loaae at th expense of th federal government" DENIES POLITICAL ANIMUS - Mr. , Fish originally mad hi Thargea during hearing before the house banking and currency committee. commit-tee. Hi motlv In making th t-tack t-tack wa challenged at that tlm by JlerpreaenUtiv Henry Steegall Dem. ), Alabama, close political friend of Senator Long, on the ground that It was directed at the Louisiana kingfiah for political reasons. Inserting hi charges Into th record rec-ord later in th day, Mr. Fish denied hat he intended to involve Senator , tng. "Th Reconstruction Finance cor--poralion,"' he declared, "ha nude Joan to th Union Indemnity com-.pany com-.pany and th Union Title Guaranty company, IU affiliate, amounting to approximately $4,000,000. Th laat ' loan, amounting to 1070,000, was '4nad on December 29, 1932, and th ejnlon Indemnity company failed on January , lil, and th Union Title -Guaranty company on January 7, , J3S. m "Th records dUclo." h con tlnued, nh fact that Rudolph 8 "Hecht wa chairman of th advisor; committe for th R. F. C. at New -Orleans, to pass on th loans and |