The sun. [volume] (New York [N.Y.]) 1833-1916, 1900-10-07
MONEY IN BUYING PAWNTICKETs
THIS Sort OF Trade More Profitable Even Than
Selling small Loans.

The man who, In need Of pocket money,
pays a visit 10 his uncle on the Bowcry learns
a great deal. " said a young man who had pawned
his watch two months before. Just take a
look az this ticket. he added. You see l got
a loan OF -. Well. the watch Is worth SIS and
| think l ought 10 have got more than -. for
which l will pave TO pay 3 per cent, interest per
month for six months and2 per cent. per month
for the other six months Of the year IL | let the
watch stay In hook all that time. But | am not
kicking. The - was much needed and I've
been in the same fx before and my old friend.
the watch, has done me the same service.
But What l wanted 10 say Is this: You will
learn a great deal that will astonish you, If you
attempt. as l did to-day. TO raise the wind on
the %pawnucket itself at a pawnbrokers. II
was a new wrinkle TO me. But / was fright
fully short Of cash and the sign Pawnbrokers'
tickets bought and sold opened my eyes 10 q
new way OF smoothing things over. so In /
went. Tho pawnbroker studied the ticket,
asked how much the watch was worth and what
! would like TO get on the ticket. l told him az
least one half Of the amount loaned. that IL -.
The ~pawnbroker coolly said IN give you 10
cents All my persuasive qualities failed TO
move him higher. So, not being a born fool, /
did not let him have the ticket.
Il learned afterward that this class Of pawn
brokers make a heap more money by This ticket
purchase business than In any other way.
They know that the man who Is willing 10 sell
the ticket, which il in actually selling the
article itself that II represents. IL in pretty
sore straits indeed. and they take advantage
of the unfortunate fellows situation. was
telling my experience 10 a friend OF mine and
he said that one day he thought he'd raise
some cash on "A ticket he had for an opera glass
The opera glass was brand new and he had
paid $40 for II The generous paWnbrokor
bad allowed him 81 on II He. said he thought
only one weeks interest due on II Well, the
ticket purchaser offered him 10 cents
The only hope a fellow has TO get back his
ticket is TO Keep a close eye on the windows
sells it. These windows al always fringed with
tickets 20 be bought at a bargain. My friend
who told me about the opera glass experience
said that he once had a good illustration Of
how the tickets bring In such big profits to the
pa wuhrokers J. sold my ticket on u silver
watch which ! had pawned.' he said. The
on II. The pawubroker 10 whom | sold the
ticket gave me 10 cents for the ticket We'll.
the next day ! saw the ticket ny in the window
for sale ] told a friend 10 80 In and ask the
price wanted for the ticket He learned that
IL was 81 ~! Now th"rc VAS only one month
intcrr. due on that watch to the pa wubrokor
who bought II, that is TO .tay, 8 GEMS Add
chased for by tho other pa wubroker and do
duct II from 81 30 and you see what a handsome
profit there i in the tickot-huying business
Il does not follow, by my N,uu~, however,
that a ticket TINT YOU Iart with will be sold
again The ticket purchaser find that he has
q good article within bis reach and he gets II
ont Of hook, and then. being in the icwelry
business, az he probably IS. aS well as the ticket
business, he nuts u among his stock 70 be sold
The puts and calls man In Wall street could
purchaser onoday without being euchred out
Of his inst cent.