The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-10-05
LOANS On POLICIES.
Money Is Advanced on Certificates
Life Insurance,

Money Is Advanced on Certificates of
Life Insurance.
You would be astouished," said q live
broker to representative of the Chicago
Tribune a few days since, ''if ! showed you
the number of life insurance policies have
in my safe.
They have been left here as collateral
security for small loans ranging from 500
to S5O00 for thirty, sixty and ninety days.
The men who negotiate loans on these life
policies are for the most part spectators on
the Board of Trade or on the Stock Ex-
change. man engaged in that business
never gets through. If he succeeds he
plunges deeper and deeper and goes for
bigger game, If he DOES not succeed he
breaks himself down chasing the phantom
One OF these men brings me life policy and
says he wants 500 for thirty days. Of
course, before dollar is ever loaned on this
sort OF security there are several things
necessary. A statement of the cash value
of the policy from the company must come
with the policy, and certain assignments
must also be apparent. Everything being
satisfactory he gets his loan Of 500. Say
take out per cent? do not charge any
less AT the end of the month the phantom
chaser comes in and asks me to carry him
over month. do it, Of course, he paying
the same interest. L have policies in my
sale that have been carrying in that way
for over year. | never lend on longer
time than ninety days. but, of course, L.
renew. | don't say | will, but / do. It's
money to me- Banks do the same thing,
They say they don't, but l know better.
You go into many of the banks IN this city
and ask for a loan on the most unqualified
security for six months or a year and the
banker will have the heart disease. But he
Will renew paper that Is secured month after
month, with interest taken out, and lie is
glad OF it, unless, of course, the sum is too
lpaVV 10 risk. | not MAKING
plant. The only thing that makes me tired
is that l am called a shark. / am. Bp.
what school of US there isl"
Heroine Maria Tschsbrikova.
Maria Tsehebrikova. whose letter to the
Car has not yet been forgotten, and who
was recently ordered to be taken to Siberia.
has been commonly described as young
lady. The heroine, says the London Echo,
Is tifty-four years OF age. Nine. Tschebri-
kova had not been heard OF outside Russia
before the publication of her famous letter,
but she had done much. Her life had been
more important than conspicuous. Twenty
two years ago she published book on Rus
sian history and literature, but before. the
letter in question she had not published a
line which even the Russian censors
would object to. She was not a revolutionist,
nor is she now. With Anarehism, Nihilisrn, =
red politics OF any sort. she neither had .
nor has any sympathy whatever What has
got Maria Tschebrikova into tronble is not
her politics, but her candid outspoken
warnings to the Car, her assertion that in
educated and official society the alteration
OF the Car had died out" and that ''the
Government which rules over one hundred
millions is afraid even Of children" This is
an allusion co the frequent imprisonments
of children of IA and 10 years of age The
heroines of the French revolution read
Plutarcl. The unique heroine of modern
Russia derived much inspiration from her
study of the characters of the American
revolution. Nine. Tschebrikova knows
English literature and American history
thoroughly.
E. Berry Wall is daily rider at Saratoga.
His wife always accompanies him.