New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-03-14
THE PROPOSED PAHNERS BANK.

meeting was bel yesterday at No. 63 William
srrei, il reference 20 esiabs ing Pa~ne 3 Bank IN
fiis eily by Le.i,l tiye enactment. EX-MayOr Ill
EASS War called tbe chair. Tie act oi incorpora-
fuu war read the main features Of which We're given
Ia yesterday TRIBUNE.
H.. ~ Is FIELD stated that bill, contsini pr5yi-
sions ,uilar the ehaCtmeht just Iead was INTRO
dnced by Mr. Hutcl ings Into tie Legislature during
sie first week of is ses.iOn, Was reported favOa l
mon by tie Judicial COMMIT tee and Ils ssBge MI IL
be hooked upon as secure. 1bere were many iedi onn
~Ly a PawD.rs Bank should ~ iato operation. Que
was the very luiied and qualified security iurbiehed
b. paw pre-, erty III their post sson. He
referred 10 the ius ution il Boston, with had heen
sshI hhed for ~ or three years With very gialiy
hug results.
Ar. JOSEPH B. COLLINS moved tie adoption of d
resolution Tint ii the judgment OF the meeting II WAS
exleoient 10 establish u Pawner's Bank, AID that b
Committee be appointed 10 submit u I'LL III reLilOn
thereto ~ the Legislal aud urge its passage.
Mr 5. Is. HALLIDAY, OF the live rolnLs House Of
Iuduriry, nbde statement VI iacIp that came under
Ills owG observation The allusion which lad been
made the sctnty seoul afforded by PdNnbrOkeT1
recalled TO his Ii that lew months aoo IawL-
bruke,'s ,hOp WIS destroyed by fire. from which shOf
tLoIe l-dges OFT 10 the amount Of many thou
dOArs; bu, beJ obd the amount ie,el.ed on the
g,Uds wien ple1g' q, there Wac lJs5 10 all WHO bad
taken l1ant. There are btJ five paiwn-shOpoin tits
easy, the larger portion II tnem being III The lower
Wards. La one esaGllshineLt $l1O,VUO II Kept cOi-
tIabIly Oh an. TITS is OF Tie most wealthy Ill
fhe .iiy. From it issue neatly 5000 lo,nr annually,
tic amounts averaging about 81 each; 10 per cent vi
the pledges are Iedeene I'll. oOlne ~ watches are
pledged daily, thai II 90 yeal. tn. slatue
Coml els lie keepers VI pawn shOls 10 make regular
tnITses OF tie in1s If parties 10 whom loans are
Hde their retidebce the att les LEGGED, the amount
loIn.d and wGsn Iedet med elheI win tie interest
Te,eiSed. lhe DoOhs kept III sVHe OI the establish
sreIiIs ale no. els u neatLess,
IL Ole of these Me-. Halliday copied the snoant of
lie Larger loans Tor hrst eleven days IL March
1Eey ~eIe u in eli, ionOws: Of S. llofSiJ, IL
Sffi2 oi $ii Vi SIS, Oi $40, Vi So, 81 SZI,
ef 80 2oi 81, ~ q So, OF So, Of S. Vi $50
I o. 500 Z VI SiJU, Oi $l75, / oi ass oi siJO
OF $50 DOR ~ gvd waelerl, Of s. 450 Ton ~ silver
ana s. gold watches). TIE average amount VI these
Is lJz.s was sbOrt Sc, tue srVss amount being
eo,G.6 The smaller lolIs DUNG these Ii doy were
much meoe nGmeIo1s, ard tie Aggregate pr Juably
g. go lea Tolih; and /. II might DO regarded as
Ell, rivn for tue year. Tie loans II that one concern
sns,, anount - 1, 6J OOO. The other shops Lo had
vi ned were vi poorer class, and eBorled by peO-
H.. isis Sersg,d l75 daily. TIE ligneSt INDIVIDUAL
io. ia zen vi several days was So; tie lowest, II
e,uls In. 10. lis averaged lees than 81 eacn Another
srtsbsbment o, eiyed about ~ ledg.s per day,
sszsiug Ia value 81 ~; 70 per cent Of the pledges
were ISdeemcd.
SINE Vi tie parties engaged in this business are
great weplth one is worth seyera nillions OF
dells. Ar. H. aiided 10 some Of tho tricks PerPe-
sned thro Ugh pawnbE.kers' sbop5-tne Keepers gli-
sag uokss hey Old tue Sa,e ~ The goods qeposlled
ssa then the hekeIs being aispd u 70 third party
One day woman came 10 Lin asked Tor distance
10 ges 10 kewJerey. She ssid he Md Pswhed every
thiay Mr.. ii. told her if she woulu hing the pawn
srk.s be would lend her money then ~ per cent,
wieh Was done, q few mouths after W, Whu drove |
mp Ia carriage and said that the articles ia Led had
osen s1okp IRON her. Going TO the pawn ofie,, one
ucket was shown which called simply for lilref |
spoons, without nauipg how many. They were
pledged for y So IL looked as though the broker had
been very liberal, aud Dir, Ii. inquired how much