New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-02-04

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tn Ko,sr ia Incapable OF rinsa'ch' as is V"'0'~'
i.n,nds on rs musical alilleia'lou'
u,so,oS,ey MEsrING. An exceedingly
,.'..,,.e meeting was held on sunday at;ernoln
IN the Thirtcih.st Metao's' Enss,p, s,Soo Sel
IN ~. N Of the Missionary anu sunday ocnooI ~
ON ." Connected with that congregation. Notwi'n
s,.ndins The ineltmeucv OF the "es'ncf tns aun
sncs completely filed the iaige ana co o
e nscs Rev. George Peck, ID, and Rev. ". H.
SnuisxS Addressed the meeting with great force
and eloouenee and with most beheac.N ehenl, tio
Sfsciept choir alternating win appropriate nl"''S
A liberal collection was taken up
coreuprIoS IN THE Cry Hall" What
..,,h .nou so,n remarked visitor to the City
n.u an Saturday last. as he approached number oil
.o,.o,s standing a; tie entrance OF that buildings
:. Tnev are orcDsring some very gamey canvass
,.cls n, the Corporation Tea this evening" sn'
.,r.,,done Of the persons addressed. THAT Is IL
30, unoc the bird,n said the DisrIc. Attorney, who
Us 'u., ,sssipe 81 know him too WELL" at the
same time giving his nose peculiar screw. - IS
the corrupt,on OF the Common Council" chimed in
another. there it is, said member OF the 'mrd
hons. a, the sans time pointing to mysterious look
ing box standing in the ves,i5ule marked, Byram"
All .ueea. AFTER nosng around it, that the
box contained the cause, and Alderman oakley
was requested to summon JaIy aat hold
an inquest upon the body tina, was tester
ing. and senl,ns forth through the whole build
ing the most disasreeabe odor that can be i'm
agined. When the Jury was In readiness, an AK
was procured, and one OF the num3er proceeded to
open il, the crowd making large circle, each with
a handkerchief 10 his nasal organ. The Id was
with some difficulty removed, and IN !. was dlsco'-
o,ed the-;y0n hancs for the nc v diais OF tne Cly
Hall Clock that soon to be iIuShsteu os MesslS,
sheny B>rNe The c,o~g sve snd mon
oschirg the stairs that lead 10 the once OIL the
Chief OF Police al agreed ths, II came from that
.fcjeyt genllemaIs private ONCE Dls Rome were
boid enough 90 inter Bat shas there is corruption
the Cts Hall. all present on that occasion will
swear, and the chief is called upon TO show up the
elephant.
pAvN.SHoPS AS THEY SHOULD BE.---The
following communication gives sketch of the
old Lombard Association, by means Of which many
Of the evils Of the present pawn system were
avoided Such an Institution az the present day
ouck. to yield to the City revenue of 100000 per
appuu, and at the same time save a far gTea,er sum
70 the poor
70 the Editors OF Tie n. y. Trf5ans.
In s note TO a communication signed An Old
Citizen" in your paper OF tue 26'n December last,
YOU say you would be 90 gcd for any information
respecting the laws and hlsIoIy OF the Lombard
fs,sblished III New.York.
The Institution was got Up mainly through the ex-
,rtiops Of the late Mr.. Benjamin y. Judah, an old
and Respectable merchant, retired a! the time from
active bu spess. Mr. Judah gentleman OF talent
and ere at information, having travelled considerably
In early life. Having gathered mass OF information
10 relation TO thc Monte de Peta at Paris, the SINH
lar instructions at Naples and Vienna, and having
Obtained evidence OF TIE injurious working of the
pawn brOk eIage system as carried on IN NewYork,
Mr. JUDAH III 1928 applied 20 the Legislature OF this
State for q charter and although great exertions
were made, the novelty Of The Incorporation that
was sough, 20 be established, and the business itself
being unknown 10 the country members great diff
fcuy encountered, and II not until the
folewins session OF the Legislature us2i) taat he
succeeded III obtaining an act otIncofporation which
will be foun2 in the Session Laws OF that year, page
sR, entitled, "An act 10 incorporate the New-York
Lombard ASSOCIATION"
In petitioring for this az, vast quantity OF evil
dence war laid before the Legislature OF oppression
and imposition ms oi The gT0ssest advantage
taken by the eIaspng lender OF the needy borro~ er
were produced ana Is is believed that the system
has no at this day been much altered by these car
Uins on the business By the charter obtained, the
present "a brokers' interest thg smaller loans,
Of Is per cent., reduced 70 10 per cent per an
mum, and loans weIe permitted from enc dollar and
upward to any sum, wheIher On pledge OF goods
and chsites, AT an interest," OF 10 per cent. on all
loans OF ESQ 49, per cent over 800 10 Sl0J ~ per
per cent. over 800 to 5000 per cent over S2OO 70
$500 sptr cent all loans over $500 TO $500 and
over thar sun per cent. prohibiting the Company
from dyicIng any pledge or lOsn for the purpose OF
increasing the interest The corporation vas bound
the articles we're to be appra sed by appraisers OF
the Corporation certificates containing all neces-
sary matters we're to be gisen 10 the borrower, and
DUPLICATES kept In the book Of the Company BY
reference 20 the act in question, II will be found that
the rights VI the borrower were carefully guarded
they were not liable 10 storage Tor unrcdoeme0 ar
hcies and tile NJ demanded property vas II be pub
hcly sold and alter three years, II the surplus was
not CLAIMED II was tO be p8li 20 tee CITY Corpora
for the Of the poor. with per cent interest
the aymeu, however, Was 10 be liable TO all legal
cla A.aN avst Cpf O
Corporation had The light 10 inspect the books Of
the Company at ah times, and the Mayor and Re-
corder foI the tune beng Of he City were exotcio
Directors q the Company.
II viii be perceived that the law is most almira-
bly, drawn for the protection OF the person dealing
with the company, who, having responsible moor
porston-s public instituilOn-to deal with, was
certainly better of than cealing with the pawnoro-
Aer individually.
The institution as contemplated by It's projectors,
and as FIRST established bv Mr.. Judah, would have
worked as a great public chlrltv, equal, II not OF
more utility than the Savings BantS. aiording
refuge and relief for the needy.
II WAS intended, besides the main institution, 20
have branches in different paris OF the City for sie
convenience OF the borrowers so thai tue whole sys-
TEN of pawnbrokerage would nave been done away
with and responsible public institution furnished
IN its place.
II will De seen a; onoe how valuable the stock OF
a company devoted TO the legitimate o5ject CT the
institution must become, and the subscriptions re-
ceived by the institution on opening is books were
three times the amount OF the capital OF the assocla'
ton
I. commenced business in Cha.ham.st., in one
OF old MIR. Janeway's houses, aad for two or
three years prospeTed eXce0dtnglyts benefits being
felt bV the class oi society for whose beneG. was
Instituted. But those were times OF great stock
speculatioIe, and the success Of the Company and
the prsmiuia on the stock OF The institution, together
with the desire to use is capital, tempted specuia
tors who considered that they might well DO Dor
rowsrs as lenders to obtain the cOatyOl OF the in
stitut,cn They did not like the sgQH 10 aus, which
were benefcsto the stockholders and sor which The
Company vas chartered. and having ouos obtained
control OF The stock, the officers became their crea-
lures end tho capital WAS loaned oIt on lottery
curties ard on large pledges t. mercantile men.
Inefic,eAt appraisers and directors USurped the
powers ofthe corporation, AID 20 finally was forced
10 be wound Up, and the charter from reason OF nan
Use, has doubtless now become dead letter
There MAS another incorporation for tie Ike pur-