Show I SHiElDS AlMS AIMS BlOW I AT i lO LOAN N SHA SHARKS SHARKS' KS BUSINESS Would Prohibit Exaction of I High Interest Rates J From Workers Loan Loab sharks will m bo be denied denoo the right to make loans on salaries at exorbitant I rates rutes of or interest If Ir the tho Utah legislature legisla ln ture turo makes make a of or bill Introduced in the lower house yesterday by Representative Rep nep- o Dan Dati B. B Shields The Shields bill has fo for fo- its object ct the wiping out of salary loans Joans which aro are said to inflict much hardt hip on wage earners after thoy have c secured loans on their salaries The making malting of or salary salar- loans Is prohibited entirely In tho the Shields bill bill In tho the words following follo No 0 pawnbroker shall make malo any loans on any salary Jary or wa wages du due or to be become become be- be come como due or to ha have ha au any wages cages or calory sal cal alor al- al or ory duo or to become due assigned to him or ti to an anyone for tor his bIB benefit Under tile the Shields bill hili pawnbrokers aro required to k keep ep an accurate record of or orall all transactions This calls for a 3 description de de- de- de of or the pc person n obtaining the loan hI hit his name and address addre and tho the dato data of ot the transaction Likewise th the pawnbroker pawnbroker pawn pawn- broker le Is required to furnish tho the borrower borrower borrower bor bor- rower with t a n duplicate te of ot the entry Tho maximum rates of or interest to to bo be charged charted on loan I is fixed in tho Shields bill ns as follows For loans not e ct dIng d- d Ing 61 5 per cent per month 50 p 50 to 4 per por c cent nl mor more than 3 p per cent |