, 1866-12-23
PAW NIB RoKtMa.
Answer to Quertss from Washington
:, The Interest Charged on Loans :,
Yindication OF a Much
Abused Cl-ss.

WI AC40G44 ATE QoAQ4IGSs aW1tE k1tt soma HnQ4
einee Buseau or Statistics WIS established I.
Washington. In pursuance Of tho duties Of his
onee, the Director haa addressed circulars to in.
dlvtdnals In different parts Of tho United States,
aaHnE Tor information on Tho scrcfal topics, the
elneidasion ot which has been committed to hi,
11aaIge. Anons o.he, qaer,es Addressed to The
1qal Per eenssce, paid ior tns nse q money IN IN
'a.s.! 'ss; 5a.!' on personal elects tpawnhrofer's
The question IL suggestive. .ren oer cr5,
4 month"; or one hundsrd and twenty ner
cent per aotum, II al that the pawnb.okerp c1sci
rom their patrons foE the use Of their money in
age 70 live and continue 70 do busiuess On 10
stna1 per eenta9n Of profit may, we'll be Won
ds,sd sds ~ M Mpeth,ps they wds'a nnd 4 Impossible
!oem Against return tc the owner. By a skill
ea q he ss' d N dosbs os linz s ~
believed 70 soma quarters that t6e ,norr success.
oas sssdns. cash eapta q essg9 ixo ,hoas:
and do1lkz1 naJ b. made to }t:1d ia aknua rc:urn
Of 6fIcc,' 10 tTsnty thousand. shoush the average
other more lucrative modes Of money making The
pawnhtoktr Is forced to be content with Ibis mis-
g:able income. and Iesr calmly lho ana.hernas Of
charge him with b. tng al extort1uner, with having
NJ heart, DC. In language more torc,ule than
II was with Sigh Of anguish that the pawn
h.o1trE fraternity two year. ago learned that an
lis s,ae 70 aow on . Il hef numbsF I'M e aeeset
les lae oi Interest. They going to ruin fasi
enough 3tead5, and this measure, II passed,
solute penuIy. 1t mnst not BE-. They fouglt tho
measure to tho best Of their ability but the profits
oftheis bnsdnees being 40 smal, they. contl mot
sueeessinlF1. iae bsct or sSe n monopoy, I a and ths
hearts Of the monopoltAte. were ahke broken. The
bin passed, and hon that date Tho '.Ch,eaeoo
10 charge t1e beli.ve} one per cenl = month for
the use Of IT, money, on the security Of personal
pEopery %.t9 rea;enaes addition for ,ns1E;
hare been 10 eeatAciea had they been in the hnblf
Of reading The panerr. which few Of them IRE. Yet
establishments was soon IN proccss Of transfer 70
the one In Question: II was the millennium to the
poor creatures who visit The pawn: hop, the saloon
The church never. Oniy ono cent on tho dollar!
Was no. the news too good 70 be ttues
81 W. III, tsw one o. ne M who
tng. he showed biz t1cket Nilh an air Of the most
Intense d.aeutti At this difsanee Of time we do
tantanouut to what follows:
Loaned On gold waieh..-.. ............ ..x1.00
To interest II one per cent pt-..,.....-...... =. 90
ln:nfancc nud storage y per ccEt..... ..... 81
Cost q ueEst + per cent. .0s
2otal alcoasEeS.-.....--.-..... ....-.. lis
Received BY deposi'oE ............-..---. ..$a07
Squal 10 about twelve and one-ttth per cent On
tae EoIey setra1ly nsed for one month or less.
lorE: II anything, little more 40. Slowly It was
found ont that ths change WAS no improvement,
I'd 'he ~ aas,ns.s sst1!ed s.sk issts sd sa.n1s
roAld l"Ig.vc The dceepi,on By which .hey we1e
rale1efed wiz They s,ii CONTINUE to maze she,p a
WHO c.. least AEoId II, and the nall Of porefty
liar way sha' class have Of making merry orcz the
little tllemmas which. however dtsagreeah!e tney
tpsy be At frst. become absolutely pleasant from
That the pawnoroEcss do not make too much
money out OF their patrons is proven by thclr
snps.ahs nnM1ll.nsne.s to loan large sums You
dolla!a. The gentleman blsndE informs you tha,
he 4 ,eht n,ale d1e dollars on thas watch IN auy
on Ely. But he much prctcrs making only two
1n,e1s, Is aiSsys deducted at hs tine oi t tor. @
rowing. His unscld.h soul rcrolts at the
:dca CT making 50 2ueh out Of sonr nesess!
- TOO little he bcnes olenty con*ulee you With tho
assurance .'lbat there viii be go much lcss to
/ pr y e might lend dry on that wa'cn and In
!houeht "&e Ii af:aiu /. rnu pledge yourself to q
large amount you will neyer be able 10 recover
yonr property. TIL. would pa!n him beyond e1-
n. tlfon, aud he clai,ablf deiesmtnes not to
place you In such a dilemma. though 1t would put
raose money in bis purse" That any should
Goult the purity aid Ensel6sh character OF lis
motives Is deeply to be dcplorcd, and shows hoS
Tie gpod ana noble may be nalIgned equally with
the vie.
The letter Of inquiry ahoye referred to, makes
enc important omission: 1t does not aak The e1-
tent OF lhc business In Chicago. W. Will endeator
there establishments In the city, Of TIC regular
slasr, besiLcs sssfaw who psuctice lrregutarly.
They employ, ptooa BIZ. . capital o! about ffi5
| two hund.ed thousand per aunnn otf the necea'
I sites Of the poor, prpdEcstc. OF criminal. Esti
mating that the same money il lent ont twenty
redeemed It the earliest possible moment>, 1ad
th4t one-fhh Of the value OF pledge ia advanced
| million. N Fnu!d give valuation OF about Nv,
II "epouied :" xI;nanael property which ta annual
Mnsle" in Chicago.