New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-05

nearly every ease also n pnwnbroker efforts fnll
a MI month Inherent Oh The traction q = month:
even II II ~ only for one dny MT' u"'h,, ~,
and Is now the superintendent Of me frovldrnt
Loan soclciys establishment nt I""hty -'ro"n i
ntcly rafc security pawnbfoker '2m 1,rrnY gn ,
equivalent Of between S7s and 90 pr cent year
bad ~ the cx,oftions Of the pawnbrokers arc,
they are frequently on small amounts ana On nr,,
cl's that they have TO sell because oi nonr'de'np
lon, wni'e the cha,tel morsage in larger
sums ana more frequently ROB me worthy poo, VI
lcndent Of the 81. Bartholomew Rescue Mission =
Loan Bureau. at Forty-second-st. and Ihrd-ave.
a year has not only been charged. but been col;
lccied on sums varying from t2j or so to sl.0 ana
whom his bureau has recently freed from deD';
who. on property worth easily $500 had porrowe eI
owed over scj Another ease in point. on which
Mr Mrknght 6ronshi out the P% rrpye T so ON
furniture worth $loYi and after fourteen months OF
bonus and other extortions ss5 in all were Still
in debt 70 the amount Of s." ,..., .or.,,.a
cases furnish another evidence Of what oxtortons
may be pIactised when the victim 100 poor c, 700
Win the present pawnshop and the Introduction Of
system like he Mont de PEG in Paris, i Moud
takes a more pessimlstic view lie says II Is some
times to Try to hS oI the ne PP Gor
Loan Society pawnshop come from bro2klSn' no, no,
S S o4 ana @ayF Gqg@s
inhabanis one %Sud think w2d we.c9" ne i has
seen people pawn thing for quarter ana zen
minutes after give a nickel out OF this sum 10
tramp ana perhaps nuy drink WiIn ' fnr ,Sc non-
success Of the Mont de Pete system in Lon1on.
of the existence OF such thing Others were TO-, to-
careless improyident. too hardprcss'i ana rs
ti"irs fbey had 70 hedge Thcn ne ccvcrncss Of
different nations develops itself along different Ines
,.l,,ft. lts. han. kapI Il
ceient thing the English hanson cab is But bs
company with unlimited funds lost So mnch none
trying 10 hansoma IN Paris that X had to
! French pearl merchant who had travelled far
ancd once told the writer what h considered the
difference between English and French enterprise,
an ne , sa' he o wont invea i
penny in Il. Toll Freuchman Of hidden caskrt
II Treasure IN Belgium and he would hardly thank
that you know Of diamond min IN some mo- n,
cessible place in India or South America, ana y9Ii
viii get him to invest Just as surely as you VII
the Frcnchman If you tell him some way 70 MAKE
money in Paris.
FRENCH METHODS
Many favor the adoption here in New-York OF
the French system of loans on personal property.
known the Mont lie Prte. There are som" facts
no; generally known concerning the French sys-
tom which brought out in recent article by
the V.comre O. dAyenel IN the Paris Figaro
The Mont De Pete is Government institution.
but abuses haV" grown up around H. ana d rs
class II usurers now exists In Paris through "hom
charges As 10 per cent year. me l.S"h ~, H
terest charges on articles pawncd At the Mont ne
aye ysar r." The the abusc has grown ii, Of he fac;
that tn Paris az hcre..a article pawned may be
value OF the iicSc. In Paris. where the Govern.
nent establishments are supposed to Icn9 apC ,d'
scented them. II has become ! flNcl custom 10 leni
oniy nom ono fourth 20 one-nfih what article
onerei rs a picige is really worth. This comes
from the fact 'nd; any oy"rcs innate on p.rise'
c5mcs on, Of the pockets OF III 'conmi..aire
priseur' who appralses H. ,,. =. ., ~
than rs face yalu. gave rise IN the keen n,nn 2i
German NAMED Newbnrser Wn2 was n a rSaS
20 the holders ~ pawn tickets 'nAns tle ucH'1s
moment between go and 1op establishments ihai
DO business on the N"Nbufg.r plan, h';nlukn ms
tai Tor having originate. this method Of ronhng ine
uo0r Th.. practice is 20 lend on IN" nckri MN
amount or.ginay advanced by the Mont ic rle,e
II is said maj IN tlris out OF ih@ 49, hni.
The tickets. something Ike io''o" francs. or
s,0oc Is N. sum invested in this sort Of specu;
iaiion ami the ~, returns gained are calculates
81 ,,h s," n ,ss, an" rec9np credisr ealing Tor
vestm"nts In one OF those neiarDl" SUI MN, i
p.H,E f. makes lniorestDs reading. this circular
especially for say one WIN ,as', or are n"t
INK We 10 not speculate with the money IN
Stock Exchlnvs" Then tho enticng proposition
goes on 20 Say that ID" shlrel ar ~ 81 iran''
,-.~ mailed 10 a. I'si0iilrc money order 20 stock
l.llor- monthly. II closes. Never mas sucn
REGULATION without risk whether n finance. com
,n.rc. or Industry. been uufgri TO in" puolr-
me sfr,necs ding about this gi'f,rng p'rSec' We
T. ihA B. D. absolutely truthful AMI ta' i"ppl' VINO
nu n forth don't half to-" now good NOR security
!. IN. circular does not mention fld', "hIIr a
,,r ,r,-a 4 such rich dividend as - per cent -
mad. the prime movers In tn" scheme lana al IN"
IA. - 20 Ter cent month. or ~ per cent " N..'
,iI- none, T. GAINED ~ terrible pric" y"
sGr, 80 10 lopDrn IF francs that constitute mo
arut,, uron; ~ these sharks com" rom IN"
t,rk.fs OF the most miserable ~ IN, iuhtDltih'S
81 paris often from people 80 poor ihii tn"Y S''
receiving charity from the "Bur"au lie hlrnia-
sauce" The ic,ual suffering caused by the abso-
lute loss 20 poor pope. fof irW Nah's. OF '.'
mos. necessary artic.cs IT would bc impossible to
compute.
THE PARIS INSTITUTION.
Thoroughly TO understand the inllulious workings
- the business of advancing money on pawn ucA-
e,s ore mus, look into IN" pan and system OF 'h'
grea, French institution. the Mont lie Pete inns
establishment with it, brlnches IN l!ierent n'ish-
borhoods IN iaric lends every year about ''""'""
francs Not ony 10 the wretch'i ~ AZ kinds gain
.-eI - Paris as well the French. come here Tor
advances but any number % small trad"sm'n'
mechanics and artisans. VINO wond rot be abe
In borrow money ans here At 50 reasonable " ray.