Telegram-herald., 1889-09-24

HE fAazo1s N1aS-le-S>ets - F-ras 49,
Ess &c L. Nu1a-ctss
Tie Hoz.t -ls-issla = 8 pas @ts l-s1---i1 20
r1-1r Sac 81 g1tfls --1 - ~-s
tr4--las s-gs tas LE-.e-. IS -1el ---et --S
ecEtf-l 81 l-e 4-lls1er ~ t1s la-er--f Al
t-s Rrvfe~t q t-s nelEe. -as erst-tE =
q aE..ll-e1 81 Us A-als-er ed p -ss-s-e-
g. IS ---l-s - . e.-E-l- l--- .3--s- -l ~ -
e. c.ryctzll-.s. Ess-1es one geaersl se-- -@r-
teFs, tleEa are tFyo l4res lr4l ~ ez--7 a.
taslls ---s sll-..-cr ones sc4-tsre4 sfTf -
CITY. LLe ess.-4l PIE has 3 @ EAs- e-l ~.
- el-s1iesnts zl1 40 = les-les. @n1 5tt y
cles . Business 81 ever g. IA. AZ sesT -
Wy i secci- Ells.-e- rtse 1l f---e Is - -ti-"
w--l ere LAzc 4ad .ela wtl tie ~--cr
l. iss-es each ys4-, 2cc.r- .ag - - -
tao a. CLe-aalf .1t Il rec per ceat. p2-il7,
EHd tleF are c1asl1srea SEA s4.d l-ft''
heats rl-t 20 colE4aF Cflea fet-ses
Gees ~ -aqltal f41-a pers-ns N-o "-sA e
D. "a. All .he reserve fll4 q TIE 1S----7
] lgz2ca-ss IS paced "a teess ecaas- --e
Cover --sat l4Eas-op accepts - p-s--e
every tlllg - -Le way Ct perscA<i pfe4sfl4
ek~ep- p4E~r securities, s-9-1s. D--S 80.
its sala--~at lean beng sixty cents, IL A--es-
szrly receives "A sssoL.salig variety q
Q .ee-s t-e day it accepted tie Wco1ea leg
81 @ .'-o ff-- 49, --+ y
TIE frequeaters Os the A.3at--s tssts ate
comp ed of 81 c.asses, from tLe poor aeFA
Tor wa1-a the p2Hasn9p Is tss last re> eafoe
% the AlSa- bora .-dy ~ tae ~ ooufg S--7-
German, Who, IA Z moment of tcIr Iorary
aects, sends her jewels 10 Ler aul- ~ her
chan b5rH@-d. III you loll llto enc oi TIE
brancl o-nees yea Wal Sc represent iiYes
II al soc.aI strata, but Il is evident thatyoa
fr 4
and more worAing-Men than bankers. Il IS
not only tie really poor who ayal them
selves OF t1s facility c1ered Dy the Govern
meat pawnshops; among the most frequent
borrowers arc the shorts gated AID gid4y
persons WHO raise money fer the purpose of
having q lark now aad then. Small trades
people are also good customers, and when
they have notes 10 pay or are IN need u
ready money they 10 not hesitate 70 p-cdSe
their mercAauClse--o even their wife Oest
cloak
Every borrower must prove his Identity
by papers, such IS an elecsor's card, rent
bill, tax receipt or some other kind OF Official
document. Once these proofs are accepted,
the N0nt-tC-P z. &c is not amenaOe 10 prose
cutlon FOR having received stolen property.
Ine loan Is m-le Tor Cne year, but the
p-ecH,cs are usually kept fourteen months II
not ..-ieemed. The lorrowcr can renew his
loan az the eui o. each year as often as he
likes by paying the interest Gt the rate Of
seven per cent. and expenses OF storage,
etc. There are objects in s.e 2ont-!c-Plete
which have been renewed year after year
for TIE past fifty years, and for winch the
interest and expenses have long ago eaten
up the material value of the gage. These
renewals denote, in most cases, that the
borrower, or his descendants, has always
had the secret hope of reGeoming his pawn,
aud, while he has raised enough money TO
pay the annual interest hs has never sue
ceede. in amassing enough to recover the
article.
The value OF tho objects offered for pawn
is estimated by c0Dln4isSG res -prisslps, or OF
fetal auctioneers and appraisers, highly
privileged body ike the notares and stock
brokers. There are eighty Of these apprals-
ers In Paris, and they have charge Of al
public sales. Fourteen Of these eighty are
speedily detailed for the M0nt-de- Pee. They
receive two per cent. on their valuations
and three per cent on the sales-all OF
which is paid by the borrowers; but when
the articles pledged and unredeemed are
sold, If they do not bring the estimated
price. the appraisers are responsible for
the difference THIS responsibility makes
them careful 70 estimate the article pledged
at a much lower price than it is really
worth One of the evil consequences Of
this undervalyatiOn is 10 drive away Gus
toners. thus compelling them 10 resort to
the clanGestine Insurers and sharpers, who
mako large fortunes By openly traaing in
pawn tickets. Here is how the matter
works: A man in needy circumstances takes
A.. al. ,. -
poets viii procure him loan, say, Of so.
The appraiser offers him Sl2. Having ab-
solute need of the other s., he carries rs
pawn ticket to a brocGa's'T. a sort OF broker,
who buvs II; but. rs the borrower does not
wish to part entirely with MS ticket. hoping
some day to redeem the object pledged, he
sells it to the broker q reu.ere. that is 10 say,
win power OF redemption. This fictitious
sale is made to get around the law. which
prohibits any one except the Mynt-fc-Piete
20 lend upon gage. The broker SAYS II the
borrower: - will keep the pawn ticket IN
nv ssfe for nino months; if, az the end Of
that tirge, you DO q buvit back. viii sell
itu ONLY. If he sells il back 10 its owner,
he adds on 10 or y per cent. interest
month 10 the sum advanced. It generally
happens that the poor borrower is unable 10
buy back his ticket; in which case the
broker keeps Il un:l tho end OF tho year
ard collects the difference on the article
whom it is sold. CT he retesms the object
from pawn and sells il himself, thereby get
ting usrrious interest on his money and
making aprotit on the article.
Those pawn-tir'ret brokers' have largely
increased in number during the past eight
years. and now there is at least orc, ard
sometimes more. bv the side of CT near
every branch Office Of the Eonffr Pete
) great r,a1y of them deal in the articles
thrv redeem from pawn or buy 81 tho
auction sales. Several ~ them have their
store-fronts painted in blood-red color. prob
ablv as a syn nol O. the blood theT suck
from the unhappy wretcles who fall into
their hands. The windows of these brokers
are fun Of Almonds and other jewels, each
object being ticketed rs bav ng cost so much
bat VIII be sold so much lees, a. it vas
bought frog the N9nr-dc Pet
Tho number of loans annually made b.
The H9pf-> PETE is about 10000. of this
t0tai s00,e0 are productive aud the rest
cause a loss. There are uo profits. strictly
speaking. Tor tne concern II pays a fTc1
rate of interest Tor the money 1t borrows.
then the surplus cf ia receipts. after the
payment Of this interest ard the working
expenses. is handed ctcr % the pub r.
charity fund Last year hrs balance was
$4,000.
CALIFORNIA; Fir Trees.
~ 81" & -