New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-12

-, hr ,ho odmnistration The Mont de Pete
makes advances from francs upwaru u, '"'' -,
IN 1854 at IL per cent per annum WHICH ii"' ''
ho.n NJ high "a o per cent. In 1873 the rate was
per cent No money Is advanced except upon Sc
curilIcs the yane OF which Is assessed py con'.
foo ~ onnro,scrs four-ffths OF the value Dchg nd'
yanccd upon articles OF gold and silver anu t"o''i
npon all other articles "A receipt ior 'Ie az
| nIedced +, given 10 the owner who must prove His
Identity In order TO reclaim IL. ,
The articles pledged. II not redeemed. are uiSPos'"
OF at public sales at the expiration OF fourteen 'hoh
and the surplus money II any. IS paid to the owner
Of the article II applied for within three years Inc
annual receipts and expenditures OF the mon, Wv
are respectively abort JO,OOO.OOO 1rahcS WIFI '''
ance OF nbont 100000 francs In favor OF 'he ln'"
tuition. The most profitable customers OF lhe NOM
dc PIec are not the poor Int the needy OF the hger
classes During the rule OF the Commune IN raris III
1871 the official organ published decree on Nav IL
that all articles OF wearing apparel. hheh' 'o'N''
bedding and working tools pledged at tll' Mo"' "c
Pice for n sum not exceeding 30 francs could De taken
out without any payment the receiver OF money vi
such articles proving his Identity; and It was es'l
mated that the sum to repay such advances woid W
about 100000 francs. The largest number OIL
article, for redemption Is Saturdays and Just De-
fore New Years and Easter. In 1873 there were
forty-si mOnts de plcte In France. Win cap'' Vi
alOnt 50.O00,00O francs, making yearly Ioa'Is VI
| about GO.OOO.OOO francs. In five OF the eS'ap'sh
|
OF Interest varies
There orc numerous similar establishments IN
| Holland Belgium and Germany. In the latter coui-
try rate OF interest varies from to J.. per CEN,
loans rarely exceed $3.50, and the SMALLEST pie"Re
must be worth at least - month being the shor'-
est and a wear the longest term OF the loan. 'lh"
/, said 10 possess ancient Institutions OF the kinu
under the direction OF great d4giiitaries' "h'oi'
seem to be conducted upon more charitable principles
| thnn M
only from to per cent.
| In Russia there socalled monts DC picte anu
the rate of interest charged Is per cent ih'rc
Is so much corruption. however. among Inc NrsS'uh
officials. 1t Is charged, that the monu de pice III ''''
empire instead Of resulting In benefit TO the needy
have caused much discomfort. and the Hebrew pawn
broker found good opportunity to do business NJ
cxorliant rates. In this way the revolt against the
Russian Hebrew money lender WIS brought about h'id
resulted In many violent deeds. and many priva'ions
were suffered 10y the lender and his family. u" WIS
not only driven from the country, but his belongings
were taken from him and he was inhumancy trea"u'
MEXICOS Bic PAWNshoP.
The United stntcs can make the claim that 1t Is fnr
In advance OF the Republic Mexico In the way OF
| literature science and the arts educational instu
lions and nearly everything else that Is found In
civilized countries but IT cannot that II Is ahead
Of the nation ruled by General Daz In reference TO
the pawnshop question. In Mexico there l. the Monte
de- fodad which l. an Institution similar 10 me N""'
de- Pl.tc I'm Paris II the United States would follow
the example Of Mexico In establishing monts de plec
I'm some 0f the large cities. biSnrs, men say, many
of the poor would not b" imposed upon 10 such an
,,cm, a. ,L.v ara. a, ur.scut The Mont. dc Ifcdnd
| owes It's establishment To wealthy Mexican u"
left 900 Oou I'm hi. viii be- devoted To putting MP
| a lslding wher" the poor could borrow money nj an
per cont rate. The iig pawn,h"p nlldns l. , '',e
of tie places ~ Interest In the CIV of Mexico" IL j.
ives, of the Grand Cathedral 1t has frontage 81
| 100 feet and 4, 80 feet deep. II became popular
from the mc was opcn"d. and at present IT, loans
| a 10 a
The rat" 81 interest has never been In excess on
per cent per annum for small or lare" amounts
| Every year there Is auction sal" of articles nm
redeemed. and II The article IS sold for ANYTHING IN .N
cess Of what was advanced It the amount. less the
Interest is returned To the person who pawncd IT,
Thousands 81 dollars ar" yearly r'turncd 10 Mop,e
| Of mi, Kind are unknown I'm the United States. III
| though the law requires pawnhr"h"rs 10 make shch
IL is the poor American aborcr who Is sufferer
NJ the hands 81 the American pawnbrokcr ne IS
forced 10 pledge his tools In order 10 keep little
warmth and little bread IN his modest home. me
carpenter pawns his plano and saw and the poor day
they are never redeemed and the money lender
realizes from 200 10 400 per cent on his Investment
business o' the pawnhrk"rS. especially wh"rr me
patron, among III. poorer ca,sc. ON" "l me
| Ia a Tribune reporter about III" CONDITION 81 trnne
have E ns In G SrnG Gov S"i aG md ,Dr
customers among IN" poor people. who wanted money
10 buy coal and fuel Than during any Other year mG
during The cold spell tie woman. after
parninp PFC OF nrnI'"i'' 'o'ni ~ " Sorora
ariel; w'i re r, =" nm.,hing The moor p,,
pic 81 the CITY have not experienced for long time
| and thev were NOT prepared for IT,"
~ ,-,.,. ,,,-,,e
| ONE LfNDfHS VIEWS
| ,,u,,. ct,.o, ., w ot pork Pow oniovs tho
| "'''" 'p' " ~, 49,, -,
distinction 81 "lhg III III" h'"" VI wv. "'"'' paw"
bruling establishment In America. tn" simpsons
,-x ,,v,,r,lo,v o- nonov lenders further back
WV P"""' - = -.
| than III" present h'hu VI Inv ho"Se can I'",'','
| on. Of Mr.. simpsons ancestors established New
1 tn, M York "A
l., ~ -, H., ,o,o ,n. an. row,s,or voa
hiE Wv 'N"'' at '"'' ""'' ~, Wv ''' ~.
sufficient 10 accommodate all the persohhl-properV
loan business OF The civ one OF tne chel rsoh I Iof
,i, 80 rxunnsivelv os they do I'm tho more rushing
existence OF these modern times. Men did not drop
their fortunes In "a day get on the wrong sac Oh hs