The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1894-03-06
TO loan TO THE POOR.
New York's Provident Loan Society
Seeks Incorporation.
IT MEETS WITH STRONG OPPOSITION
Mr.. Butts Declares 1t n Money Making
scheme Of Tax Dodgers, While Leader
Ainsworth Calls Il Q Noble Charity.
The Bill Progressed.


Scheme Of Tax Dodgers, While Leader
Ainsworth Calls It Q Noble Charity.
The Bill Progressed.
ALBANY, March CT am given to I'M
derstand that the pawnbrokers Of New
York city have rnised $50 600 to beat this
bill, ;" said Leader Ainsworth on the floor
OF the assembly last night, "ahd / should
look with great suspicion on any amend
ment II the introducer was not known by
me to be honest" This statement, that
attracted the attention of the large au-
dience present, was made when Mr.. Shelf
fields bill to incorporate the New York
Proyident Loan Society Of New York came
up.
Mr.. Butts sent to the desk an amend
ment limiting the rate of interest at which
the association may borrow money at 4
per cent, and striking out the provision
exempting any member or trustee from
being liable for any debts of the associa-
ton. Mr. Butts said the bill was not what
1t purports to be. 1t is ostensibly In the
interests of the poor people of the city of
New York. In his opinion the bill was a
money making scheme, pure and simple.
1t was also class legislation, as 1t gave GER
tain privileges to persons not enjoyed by
others in a similar business.
Mr.. Sheffield said the bill was drawn
solely in the interest of the poor people in
the city of New York. The distress dur
ing the past winter among the poor had
been very great. So many demands had
been made on the pawnbrokers for loans
OF money by the poor that the pawnbrok-
ers had little money left to lend The OBJ
feet of the association for which this bill
provides is to furnish loans Of money to
the poor. ut Is grand charitable OBJ
ject,n said Mr.. Sheffield, land the names
of the incorporators of the association
should be sufficient answer to the gentle
man from New York (Mr. Butts) state
ments" Mr.. Sheffield read letter from
Mayor Gilroy. who heartily approved OF
the bill.
Mr.. Ainsworth said the bill ought to
have passed long ago. The ineorporators
are public spirited and representative men
who want to help the poor There never
was time in the memory of those now
living when the poor of New York SO much
needed the help which this bill would
give them. He believed that the pawn
brokers were the only interest in opposi-
ton to the bill, and read statement in a
New York newspaper to the effect that a
pool of $30,000 had been raised to oppose
the bill.
Mr.. Hennessy ridiculed Mr.. Ainsworth' +
statement regarding the pawnbrokers'
pool He said the bill gave the incorpora.
tors all the privileges and benefits of the
pawnbrokers without being required to
file bond or obtain a license. The incor-
porators may be highly respected gentle
men and very philanthropic, as had been
, stated, but he knew some of the gentle
men who We're known as notorious tax
dodgers, who did not pay their taxes when
F., they should, and those who did had to pay
more on their account
| Mr.. Davidson moved that the bill be
recommitted to the committee on Judiciary
/ for hearing. The motion was lost and
the bill was progressed without Mr.. Butts
: amendments.