The morning times., 1895-07-06
Money Sharks at the Navy Yard
Charge Twenty Per Cent.
AMPLE EVIDENCE AT HAND
Pay Term Coming Twice Month
the Fleeing Process Is Carried
on cordingly-Interest and Half
the Principal Exacted on the Fif-
teenth and Last Day of Month.

Shylockism has run mad, and hylocks are
rioting and feasting at the expense of the
blood and Drawn and muscle of the labor
ers at the Navy Yard These money lenders
are exactly a hundred per cent worse than
the people who have SO recently been eX-
posed to The condemnation and scorn OF the
public and the adverse verdict of Jury
There wasa kindO fsemi-officia tion
of this money -robbng game not long ago
at the Navy Yard, which in some sense led
To the dismissal of the borrower and the
money lender. The latter loaned bog
lnthe goveTnmcntServ some money One
pay day there was II demand made for it.
The boy could not or would not pay it,
There was quarrel, in which the boy used
some very gross and insulting language
To the money lender The boy was dis
missed, but IL is said among the employees
that the cause of the quarrel became known
and that in Il few days the money lender re-
signed
USURY OF THE WORST SORT
But there are others now plying the
trade among the employees of the Navy
Yard, aud If it is at All against the law
tile Officers Of the Navy Yard can easily
obtain all the evidence they want Money
lending may be all right in proper way,
nut when 1T comes to ten per cent month
borrowers begin TO staGEcr as in the
Shylock company cases. The Navy Yard
squeeZerS go the Shylock companies ten
per cent better, aud charge twenty per cent
month that is oue-fifth OF the amount
borrowed
At the Navy Yard they are paid off
twice month. II n mechanic or any
other workingman borrows say $40 for
month, he pays s. interest on it,
IF he wants only 50 he will have to pay
81 tribute to the Shylock All of the
amounts borrowed are small but there
is ample compensation in this from the
shameful interest that is charged
The manner of doing business is shrewd,
so that there is no accumulation OF usuri-
GUS interest.
PAYABLE sEMI-MONTHLY.
Sometimes the interest and half OF the
principal is payable on the 10th OF the
month and rest on the last day OF the
month. The workmen say that the Shy
locks occasionally lose by the discharge
or the employees, but the percentage OF
dismlssals or designations is so small,
compared to the numbers who are in the
hands of the lenders, that the money loss
is inappreciablc.
Several of the employees gave The Times
yesterday the names Of some OF these
ShyloCks and explained thoroughly the
manner in which they have borrowed
money and paid this confiscating interest
Two of the employees said that there has
been suspicion in the minds of the men
that the money-lenders had somebody
bigger than themse Ives behind them
This opinion has been materially changed
by the result of the recent quarrel, as
above given.
BUSINESS CARRIED ON SECRETLY.
The business goes on secretly, and it is
only till Some man squeals that the thing
comes out, but even then there is a
knowledge made public of only one case,
while there are hundreds behind it.
1t was also said that the lenders are more
careful now than heretofore having become
convinced that an exposure might be ex
pected. 1t is very certain that had the
employees spoken out earlier the high-Class
Shylocks might have gone out OF the busi-
ness, and place made for lenders on legal
terms of interest But as it Is there viii
be sudden decline in the business after
the 18th of the present month
These Shylocks are just as amenable to
the law as the companies recently advertised
SO unpleasantly to them and profitably TO
the people by The Times Cases against
them may be expected to be brought, which
VIII give public washing OF their dirty
linpn of finance at tho NAVY I'd