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Show SMOOT CHARGES ARE SUSTAINED Senate Report Shows Concerns Forced! H Premium In Order to Get Lcbn H Washington. Charges of Senator fl Smoot (Rep.) Utah, und other senators tlmt borrowers from Joint stock filhd H banks In 601110 cases had been charged H Illegal premiums, woro doclarcd siik.' H tallied In a report mlidu to tho sennto H by Chulrmnn Ixjbdell of thu fodcral farm loan boanl. H In reply to a resolution 0 Inquiry fl adopted by tho sennto, Chairman lxb- H doll, In u letter discussing reports of fl Illegal charges bo ng imposed upon bor- H rowers, said : H "Thut such charges havo been mado fl wo know beyond question, Individual H cases hnvo been called to our atton- H tlon and Investigation has dcvoh'ioil B others. Considering thu number (of fl official loans) Involved nnd tho oppor- H tunlty for extortions, wo bcllovo thoy H havo been surrrlslngly few." fl r'liiilriium Ttlwloll ndilnil Dint tlin B bonrd, whon It learned that borrowers H were required to subscrlbo for tho H stock of two Joint stock banks At a H premium In order to sccuro loans, had H Issued' un order storing the practice H and requiring tha banks to tuko up fl the stock and to repay premium plus H Interest. H |