The daily gazette., 1874-12-02
From the Reading Eagle.
Interview with . CurbstOne Broker

Interview with . Curpstone nrOo''
now xoxrY IA OBTAINED AND AoLp-w1o |
INQUIRE rox MONEY AND WHO LEND IT.
This morning an EAGLE reporter Inter
Waved al . cufbstoue, . money broker who
transaots his business On the street. Ins
reporter inquired;
Q-How many money brokers IL tneiea'
present In this city
Al am acquainted with some thirty.
O.-How many of these transact their
business on the street. =.
: A.-AM do more or less. Nost OF them 40
, businsss 10 quiet way ct home. isw
/ do all their business ON tue strees eno !"
hotels. Two or three have ofhces.
Q.-By what name are those known VINO
, transact their business on the strestf
A-Curbstone broker.
O.-Will you please explain 10 what man.
. ner ! curbsione broker conducts bis DUAL
nessP
a "A psrsou In search Of money either
Q by letter " personally statss that he wants
1 . certain amount. struct him 70 hano OF
: eond me hts securities, bs they promissory
"otes. bouds or mortgages and offer them
|. Tor ale. I sscerlain what bonus he 10 vii
) ling 70 nav for money he wants, and then l
!. oo 10 parties who know have money 70
. loan and "seil" the securities 10 them, tax
inc what can get, and keep for my trouble
e the dIderspce between the "tnteresf tne
,r ner.on Qiyes who wants the money aud the
It ainterest" the person or persons ask VINO
ir farnish the money.
n pay for the mony they obtain through Dfo-
q. keisP
= X.-From 1 to 10 per cent. per month
Sometimes half the amount Of the money
W r.I.ed on the securities 10 held back by ths
X broker, This 10 done when be fears the Dor
"a rover ia near q brink and may break VI
n shortly, aud the paper he gives 70 not nrst-
Id class.
a. loanedf A.
or ,um smouuts to as high as $4,000.
20 Q-What cinss Of persons generally asl
curbstone brokers for money!
II A.-Thrse- -fourths are farmers and coun
ay try busipsss men, and they meet the broker
Is, at the hotels and on the street: =,
rd Q.-Whst classes Of people furnishes 'h
ne money?
en- A..Businsss men, retired merchants an
sm o lew lawyers. Most Of the money Is 90
tanned from aged and retired merchsn's.
he Q.-For what length of time 10 mone
~, generally loaned outH
tor A.-From 80 daysto years. Very seldo'
voa for longer period.
sss Q.-Is money scarce or plentiful.
Alt is apparently as plentiful as eve
I'D Auy person who csn give the proper secu
Mr.. ity end IS willing 10 stand pretty hca
ask sshaving." can have as much money aS
but wants. Those who eau spare money are
3 willing Ia loan 1t away a. the iega' ra'e
but interest. .
apparent scarcity OF money!
Il A.-Ous reason for the scarcity OF mon
VI In the city 10 that the milk men carry
the into the country some $4,000 mon
i IN There are some 40 milkmen, and each
we'd these collect soy IS day, making In
,ver week $500 and In month tS,ooo.
actors who perform In the theatres are q
now constantly carrying money away, ana
,oor market men take homo with them %
I, az market day great deal of money. 30
ace tho money 10 constantly flowing into
country. Some of 1t comes back into
ieh. stores OF our city, but great many VI
ths country people buy most OF their goods
q OF the country stores, and the country m
1t is chants send the money to Philadelphia
,, In goods.
pre- Q.-About how much money Goes
d a "hsayiest" curbstone broker handle /
need weekf
Probably $1,000 on On average; so
- times more and sometimes less. Last "
l made $500 for three well known citiz
and q handsome little amount for myself
-=a negotiating loan tor philadeiph'a pa
C the Reading party furnishing the money
, sometimes obialn money from persons '
It ID generally supposed have Dons, ant
this way ! make great OF money for
Gems who remain always In the b.
ground. MY Acquaintance ofmen and
, Hnancial condition extends throughout
city and country.