The Bryan daily eagle. (Bryan, Tex.) 1895-1898, 1898-01-30

Have No Redress
from the Ceylon Mail: | remember
the many nights OF toll and study
which George Wall. al a time when
ms falling health was a cause for an1-
seV 10 his friends. devoted to money
sending abuses. with view TO
oring legislation TO bear on the
esiis caused by usury. The most per-
nieious OF these. he considered was
1ne evil caused by that abominable
.'em that obtains IN all the interior
TieA OF our island az well as in
some parts Of India. by this system.
ane eoiya, though freed from the OBJ
noAious paddy tax. still suffers consld-
eFAoiy In the hands OF the moneylend-
~ monster who 'reape,h where he
aAs not sown and gathereth where be
- nor strewn." The 60 per cent Of
tne Cnretty dwindles into nothing with
me $40 per cent OF the village specu-
.A'or' II may seem incredible, but II
nevertheless true. II is usually a
follower OF the prophet or a Chiefly.
ana otten a. not the petty capitalist OF
me village. He begins with a small
uonuqne-the headquarters OF a trade
mat finally saps the life Of the whole
district On liberal credit system he
supplies the villagcr with everything
mat he wants--provlsions clothes.
money, ete.--to be paid for In grain
when the harvest comes round. the
Fillager In consideration Of the above
wivileges undertaking to sell the
grain AZ about 6 rupees an amman.
Thus. for instance. n one began
tfade with a capital OF 100 rupees. he
would soon. with the knaok OF a ma
---site-trader make 200 rupees. and this
being paid In grain would fetch 40
amunams, which would be sold a few
months after for 900 rupees. lie thus
makes a proht OF 600 rupees on bis
original capital. all within the space
% few montha /, Is appalling TO
think that among those who speculate
An this Wise there are people who are
aent BY missions 10 carry light and
truth into these villages This Ia after
All one aspect Of the question. The
Chetty's interest IL a thing that IL
more or less well known. though the
fact does not diminish the number Of
his customers. Il transpired only the
other day In the court that one Chiefly
alone annually lent sums OF money
amounting 10 over 100000 rupees. Il
also must be remembered he Is only
a unit Of a very large number. The
rate per cent that obtains among these
Jews Il often more than 60 per cent
lie praeiieeg-H process Of reokunihg
with viii surprise even their fair
brethren In England and elsewhere.
lie lends his money not at 20 much per
cent, but at 40 many cents on rupee
per mensem. This system applies
only 10 the small sums. and Il by far
che worst feature Of his nefarlous
trade. though by no means the least
pntroniEed.
Besides the Chetties there are others.
small capitalists. who lend money AZ
rates varying between y and so per
cent. and among this class are TO be
found not only the so-called respect
able natives, but Englishmen and
women. who ought TO know better.
Were Il necessary I could give the
names OF these who have made many
a family In the land homeless. ruined
and disgraced. helping TO augment the
ranks OF those who either resort 10 the
bankruptcy courts or put an end 20
their livea
The remedy that will enectuaily
check all these evils IL an association.
a sort Of union that will use its In
iiuence for the good Of the weak and
the oppressed let legislation. II
q b. possible. be brought TO con
troll the money lender let there
BE- afforded TO the poor clerks
and others who lead hand-to.
mouth existence facilities 20 obtain re-
lief In times Of sickness or family trou-
bles. These and these alone will strike
At the root Of the evils that today are
q curse 20 society and a disgrace IA
the government and employers Of Ia.
Dor.