The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-06-23

SIe'no $780, 20
workmen and laborers. ACKNOWLEDGEMENTS. ato /"
Total france .........................1,000
These tables show that IL all the claases of 70.
ceiy have to the mont do pieS iu ttuou 10
most useful 10 thoee who have power obtain creds
Otherwise, at least unable 10 obtain but in N In
sufficient degree and necsssised 70 deposit tangible
security for the amount advanced.
After questioning the ut; ity OF the institution The fault.
finders discuss the morality Of IT, but here also, m-
take not the facts Of the furnish complete
swer What in effect, the resources or th~ss IN
oivduals who having no power 70 obtain creds, and
,hese staring want In the face for need Of money
They must either resort 10 selling their goods
~ The rst two .r.rnsvss are si.noai . sss vsii
being OF the community at large, whilst the other ds9rA4e0
the individual who has resource 70 IT. certain moTast
70 obtain Bread evinces sell than
who stretches forth the hand for charity" The pawn
broker ar mont do pete in putting his capital within
reach Of ALL may protect the poor from usury and enable
them To tive from their own resources.
pledges has Injurious effect upon The dssoluts and dIs
workman, and that 70 hur.fol 70 labor. rhis
may be the opinion OF superficial observers, but
attentive examination leads different conclusions
The loans obtained by workmen may DO divided into
two ola sessions for living, and loans for working
lie, the latter are for the purpose Of purchasing tools
There ore maLy workmen In Paris az With us, .ho lAbor
their account 1t their homes; such men. by
means Of The advances they ohuin from the pawnbsoksr
are enabled to purchase too material they require for
completing their orders The pswnbrokeT therefore,
the banker OF the workingmap OF struggling indussyy
anc conseoueutly find that during Commercial crisis
h loans decreased which contrary tho general
opinion Experience proves ia rnbrok ng opersions
aud more generally stii all banks which loan money or
security, are influenced by the movement. Of AFFAIR." and
in Iauofo misfortune We have NJ The ueos ssary
statistics TO speak ~ New York, but PARIS the pawn
brokirg system induces spirit OF economy. This b
proved by The number OF loans, which average only
per Ger; on The pedges Keeping OF the ckels
bo 80, up by brokers, Who make business Of such pur
chnscr may DO asserted that the pledges cold by tho
administration Of the mont dc pie'e unredesmed by
she potter, do net amount to twelve per Thus
oehy eight articles In one hundred returned to the
borus ard the dempuon Of these articles and oc
csona wax, become strong Inducements W economy
and foresight
NE present system ot pswnerosiug requires much i'm
rIov,ment 10 this country bee of that utility 70
tie Unfortunate aud unemployed which Ia designed to
srrd most exorbant rate OF Interest offers the main
ob elton Tor the rates here taken ,ss Of all CON-
arr on, hose u obcr countries The French mont DO
pete II conducted the principle on bepenng tho Dor
aote, aud the interest loans Ia comparatively
modtraie bot eyen there means being taken 70
render tho iaoi,hroent stll useful t. the needy
Before sUggest alteration Ia system, 10
gill he ~el ~ trace The origin ana the Of
he mont de pietes, or ~ We srm II, pasnbrokiug.
rawbnrokine vas Instituted 10 Italy towards the end OF
the hc enlh century at period ~hen luancia embar-
rassments weighing upon tho community
Ssss The sosrci,, Of money teo, .aa IN bans r,sS
,essie rates Of usury The jews Of Psdua held solc
control the banking establishments " that city and
surrounding country, and The xofblant rates OF ntsres
ttcy exortd from III. needy Ted the aabege. IN elose
their hoDse and 10 inauRurae the syse OF mont 10 p<A
Ia lsi The im iuuon lis name imDles vded
IN a regcas lght; neatly tns full Sslge oaaad
articles left security. and only just ,n interest
taken 10 Keep the apparatus working order ina
DIT lsc, emnepu7 successful; the ap,e set by
Padua follDsed By cities hrpush out hsiy,
10 the immediate benefit OF The Offering Door and n una
ma,ey found ia At0 most Of the Of europe.
Although the origin Of pawnbrokng, these mouts do
reie differed mate aly from the e.taolsbm Dk existing
IN country rasmUch prod tht by those
advancing nonsy On th~ articles. 10 order that Nc
moLs de piee might o. crate a. sheaply posioe, tho
employ seiectd frum those ~ho could afford the
time aud attention required, and the empsoyment
regarded ~ hoIorary-sot a. remuners1ve probable.
The ttce purely benevolent in their chSscter, and
no, always under the copuoi Of the government vcrc ~
all tunes open n its Inspection am ri1'uce Although
the rate OF interest was % moderate a. 70 he NOMINAL hc
mons de pe'e eventually acquired ~eaih aud iuh,enoe
sUd from srorciDR assnce tn the and humble hey
eventually rrh he'd succor n the rich 20 verful and
even 10 government In 1896 Napoleon sought aud
timed AID from " m uncle" in novel by plum
derirg the mopts DC rieie OF the berdes Of vauabes
pledged 10 the various cities throug hout Italy.
Lac thing in tina, heanufui and unfortunate
COZ ntry, the Italian nonts de- pele have suffered much
change being alternately depressed and revived. Al The
The money making spirit Of the age appear W
have moved h, m nom their original b. nevoIent on CT
Travellers represent cir worins Of grea bened, 70
n ma.ses, ard not apparently favorable 10 Inducing
Of careiuness and foreign, 10 thoe using them
A, the first establishment Of mOns de pe,e 70 IAy no
interest was charged on moneys lent, bat tho obvios d.
intuition OF capital from expenses thres the onces
nt) embarrassmens, from which III sere only relieved
by requiring mall rate Of interest," seldom exoeedng
two three per cent the amount loaned Atne pre-
sent limo the rate " only SIX per cent per snnum and inc
loans are generally limited 10 about $40 me utmost
loaned any article - two tnirus is esnmA'eu
value with the excspuon Of the prectous metals and
suels rbieh are taken Al their full value Of vh CHI Is
per cent ~ retained order that the establishment may
H. NJ as Bc expense possible, the various clerks arc
n,,l in puuber their salaries are but s7oo each,
annually. .,,,. 49,. .-.. ,..us ,..,. 49, ,n,u
BE- and are priced by the suffering poor in Whose In
80. bey are SUPP osed 80 be worked. There Is large
shishnent Moscow, the prodts Of which devoted
20 he assistance Of the founding hospital II IL not IN
nteIy that pawpbrokerage may have reached Russia
through French channel for this same idea obtains In
France awarding the ponts Of the establishment 70
maintaining the hospitals.
There are at the pfesen, time, twenty two mons de-
rts,e in lgium, whist zee ind los hoursbng amongst
Inc frugal sud Industrial olsnders,s fact which should
weigh something IN favor Of their beneficial int,ence
The hrst mention Of nnu,s de peie France a,peus 10
have been IN the reign % louis KILL vheo an anempt
yss made found the Italian principle In Paris tho
scheme proved sborvc owing to deficiency OF capitA
an asen, which has become chronic with the nstusson
the world over Turgot renewed the effort in 1889, but
the necessary authorization net obtained until iii,
when Mech er entered cdlce The mont de pie thus
established afforded considerable help TO The aboring
classes, many OF whom Manufactured goods 90 small