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

stored and manufactures and commerce began revive
the people demanded It's establishment whisn .ooord
ingy took place In 1904 There nos some iorv hse
OF these nf,utons In various parts OF France, which An
nUsly average nearly 5000 900 deposits upon whn are
rrior q the revolution the articles deposited at the
Paris averaged AS 600 yearly, upon which
IS 300 GOO were loaned FROM ono au'ns Sn,Sn
alike The average value o. the effects pledged amounted "a
about IS eooeo Of shlch nearly $4,000 we're IN Jewels
Al N.rsee. and lyons but that OF Paris does blsi
meas than rect In the country the annual number OF
It's pledge. amounting to nearly 100000, on which
81 600 eco are loaned
ne internal arrangements and admin str alton Of the
Paris mont pete, hich similar other establish
meuts throughout ,be country, correspond in many
spects that OF Italian cities. The same idea holds good
that the institution solely for the benefit Of the and
suffering, p6 the vast profits Of the Paris establishment
are by the civic authorities grant " the ppor
OF the hospitals The valuation of the offered lies aud
The pro orIopate amounts loaned similar those
Italy but amore numerous and expensive administration
necesstses Rher OF interest, which, after hictu
ane varousy from 10 ~ per cent nov nxed al
cent The sRgregae revenue therefrom produced
is from $<25 600 to $4,000. Of which about
$40 COO, average of six cents on each on
s expended in the maintenance Of the establishment
generally has from 600 100 10 $50 900 articles pos
sion at one time, and employs capital Of nearly 50 00
OOe Articles mig unclaimed beyond the year are sold
but The ceposor during three years claim the
plus obtained the actual amount Mt him the article
The pawnorokng ysem OF Paris suffers from want ocap
ita consequent on its profits being appropriated by the
Adnca pal Council 70 the support Of the hospitals. Each
year the ment de pete is forced to have to oa
~
const aueuy borrowers pay interest of
very borrowed by their creditor advance them
There now movement on foot in Paris in relation to
the mont de pete capa2ng IFS gains and using It's sur
plus receipts in progressively amelorang the terms of
It's loans Hitherto the profits, which are immense
nj low rate Of interest compared with ours been
appropriated to the hospitals, under the plausible pre-
hat institution should be worked for the oenea,
OF the poor The de pe,e is transformed into
bank which does not really benefit the no but be
rather assistant to the municipal treasury
payments Of the latter 70 the hospitals being governed
NnKdtn tn fha EnnAQ froue ha IA MATT
s. coo Ot0 have thus been appropriated wi hin few
years Had this large amount been alzed, the estab
capital, and the present rate Of interest, though
moderate, would have been considerably diminished.
was about the middle OF the seventee nth century The
p however failed John Bull being always adverse
to change, and more particularly came from the des
pissed foreigners gentleman Of the Of Darlington
Instituted mont de pete at Limerick for the purpose OF
obtaining funds wherewth TO support the city charities.
The institution was well and securely founded and -four
The legal rate of interest throughout the United King
dom twenty per cent and the number OF pawnbrokers
sa1 annually paid by them for license $50 oOo TIE
number Of nbrokers in London In 1855 276, de
OF los in thirteen years. which may be greatly due
70 the beneficial influence Of emigration
There at the pre- nt time AZ pswnbrokers In this
city, each pay ing annual license Of 500 the aggregate
number Of license fees thus beng 81 l00-a ridculousy
small amount when the extent of their transactions is
considered II Is not known what amount of capital is in
vested in the business part cuarly the returns
quick, and the pr fits thrown back into the
Many of the smaller class Of pawnbrokers complain that
they have not sufficient capital TO transact the business
which comes to them the equence Isl they either
forced 10 refuse the articles offered value them
great depreciation. No who goes into the business
hope 10 do justice 70 his customers unless he have
capital Of at least $1,000 but half the pawnbrokers per-
hape, the city do not possess aat amount whilst
Der OF them particularly the new beginners, commence
with about $1,000.
Each Office keeps account of the various articles de-
posted loan, the sum en upon them, and the
address Of the individuals leaving them One two
cases have lately occurred in which the Inspector has
withdrawn the lice owing 10 account
being kept OF the different transactions This proceeding
s necessary In order TO prevent fraud, but the law itself
Is not by any means rigid, nothing prevents q
giving assumed name and address.
The public have but little Idea Of the business transacted
daily in city by the various pawnbrokng establish
mens We have prepared the following u Die fro in
dispuuable authority IDEA may thus be obtained OF
she capital Invested