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Show 8MOOT CHARGES ARE 8USTAINED Senate Report Shows Concerns Forced Premium In Order to Get Loin Washington. Charges of Senator Smoot (Hep.) Utah, and other senators that borrowers from joint stock Ialid banks In some cases hnd been charged Illegal premiums, were declared mis. talned In a report mado to the sennto by Chairman Lobdcll of the fedcr.vl farm loan boanL In reply to a resolution of luqulr; adopted by tho senate, Chairman Ixili-dell, Ixili-dell, In a letter discussing reports of illegal citarxes being Imposed upon borrowers, bor-rowers, sold: That such charges have been wado we know beyond question. Individual cases lave been cnlled to our atton tlo and Investigation lias dovelopod other. Considering tho number (of official loans) Involved And the opportunity oppor-tunity for extortions, wo believe tlioy bavo !cen surprisingly few." |