The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-07-14

.
Something novel Ia the Way Of Ranking.
The New York Tribune Of Tuesday has
an interesting interview with Gen. J. B.
FtiSbie, who for several years has been o
resident Of the city Of Mexico. He gives
what appears to be a tair and reliable &C.
count Of matters and things In Mexico.
He considers 1t 4 land oiRreat possibilities.
The railroads now building will dos great
work, although they may not DO imme'
diAtsly profitable. But there is 4 great
future for the country when immigration
sets in along with these railroads. The
MexicAps have no bAnks and do not under.
stand the power and advantages oil COM
blned capital. They lake no stock in any
enterprise and mostly keep their money
In their houses. The government has
what 10 called q pAwnshop Bank
where Adsancea are made on va
rlouB articles To borrowers. This looks
like a primitive wAy Of banking, but q 10.
cent article inthe NinAeenh Century shows
that the same sort Of banking Is largely
carried Onin France. The establishments
are called monte de.piete. They we're
started In Italy in the fifteenth century,
and are now common In continental
countries, the best being found In France,
Belgium and Holland. The Paris monte
de.piete, though not strictly q state insti.
tuition, enjoys y monopoly aud 10 conduc.
ted solely ior the public good. 1n 1875 1t
loaned on pledges slt, o 1900 to 100000
borrowers. 1t stands high financially, and
Is able to get money At Tour and Ave per
cent, 1t is insured aEainst the over.
valuation by It's agents Of articles TO be
lett In pawn, by asrulS which makes them
liable for any loss which would come TO
the establishment In case sale was neces.
Bary. Its patrons are protected from un.
LIBERALIZATION, on the other hand, by q syS.
TEN which allows them 10 increase the
estimate put upon their goods, when they
are able TO give bonds that the monte.
de.piete will suffer no loss. Loans
are calculated on thtee.quafters Of
the bullion yAlus Of gold and silver
articles, and on two.thlrds Of the value, IN
other cases. All articles left In pledge are,
by Law, held for redemption for fifteen
months, and Il, when then sold at auction,
they bring more than the amount given
upon them, the surplus 10 carefully cred.
tied 10 the deposition and not absorbed IN.
To the general funds until three mote
years have elapsed, aud no cali Tor Il has
been made. Interest al 9 per cent. IL
charged on oil money loaned, bat PROFITS
by this and by the sale Of untedsemed
articles, alter the servants Of the COMPANY
are paid, are turned over to Tue ConAoli.
dated charities Of the city known a. the
Assistance PubliQue. The operations Of
the monte ds.piete are universally fecog.
niEpd as 80 valuable In Francs, 10 helping
people bridge over hard places, that Au eli
tort ls being made TO extend Ito useful
work 10 the agricultural communitiea
and allow farmers 10 secure short
loans on their growing crops. This
will probably be done and q further .ex.
tension 10 allow loans 10 be made On pub.
lilo securities OF the stock Of railroads,
guaranteed by the State iS discussed,
Pains are always taken In France 10 di.
vide public and other loans into minute
portions, aud 10 bring them within The
reach Of the thrifty poor. Many such
may be compelled, ID time Of extremity,
to part with such a stock al q saotiAes,
when II they could obtain d small loan
upon 1t, they could In few months bridge
Ovet. their difficulties. At present The
employees Of the corporation have not
luticlent Gklll 10 undertake such b16ibSSa
A change In the rate Of interest ehSfSed
TOT money loaned Ia speedily eSpeeisd
and II is thought that Il viii In time I'D
hfoueht To- PET cent, the legal faie in
France.